Mahinda Rajapaksa is not in hospital

Government defends blacklisting former top Air Force officer

The Government today defended a decision taken to blacklist a former top Air Force officer who is linked to the National People’s Power (NPP). State Minster of Defence Premitha Bandara Tennakoon said that?Air Vice Marshal Sampath Thuyacontha was blacklisted, mainly for making statements which posed a threat to national security. He denied claims that Thuyacontha was blacklisted for engaging in political work for the NPP. (Colombo Gazette)

24 Mar, 2023

Haircut for holders of Sri Lanka’s international sovereign bonds

Holders of Sri Lanka’s international sovereign bonds face a 20% principal haircut in the country’s debt restructuring as well as maturity extensions and a reduction in coupons, according to a Barclays report. Investors’ focus has shifted to the restructuring of Sri Lanka’s $13.4 billion sovereign dollar bonds after Colombo got final sign off on a $3 billion programme from the International Monetary Fund (IMF) earlier this week, a financial lifeline in its bid to recover from its worst economic

24 Mar, 2023

Sajith appeals to include Sithadthan in Constitutional Council

Opposition Leader Sajith Premadasa appealed to Speaker Mahinda Yapa Abeywardena to include Tamil National Alliance (TNA) nominee Dharmalingam Sithadthan in the Constitutional Council. He told Parliament today that the TNA has nominated MP Dharmalingam Sithadthan to be included in the Constitutional Council. Premadasa said that the Constitutional Council has only 9 members now and needs to have 10. As a result, he requested the Speaker to confirm Dharmalingam Sithadthan as the 10th member. He

24 Mar, 2023