Issuing of revenue licence in Western Province temporarily suspended

JVP denies links to revenge attacks on 9th May

The Janatha Vimukthi Peramuna (JVP) today denied links to the revenge attacks on 9th May. JVP Leader Anura Kumara Dissanayake told Parliament that the suspects arrested so far have no links to the JVP. He also said that the JVP is prepared to face any investigation if there is evidence to prove they were involved in the attacks. Sri Lanka Podujana Peramuna (SLPP) MP Arundika Fernando told Parliament that he was informed a number of JVP members were involved in the revenge attack on property b

18 May, 2022

MPs seek hotel accommodation from Speaker

Some Members of Parliament (MP) have sought hotel accommodation from Speaker Mahinda Yapa Abeywardena owing to the fuel crisis. The Speaker told Parliament today that some MPs wanted to return home soon and required fuel. “Otherwise they asked me to book a hotel for them to stay here,” the Speaker said. Some MPs from out of Colombo have already taken to social media saying they require fuel to return home after attending Parliament sessions. A heated exchange took place in Parliament today o

19 May, 2022

JPMorgan backs Sri Lanka bonds on bets crippling crisis will ease

US investment bank JPMorgan backed Sri Lanka’s crisis-hit Government bonds, saying recent political changes in the country should gradually improve its strains and help its talks with the International Monetary Fund. Adding an ‘overweight’ – effectively a buy recommendation – JPMorgan analysts said: “political stability should pave the way for bonds to move higher from near all-time lows”. Sri Lanka is officially now in default as a so-called “grace period” to make some already-overdue bond in

18 May, 2022