Sarath Wijesinghe President’s Counsel, former Ambassador to UAE and Israel, President Ambassador’s Forum and, a former General Secretary to Bar Association of Sri Lanka- Currently in the United Kingdom New Procedure with small claim courts It is indeed to the credit to then Minister of Justice and the committee appointed to draft laws headed by […]

Courtesy Hiru News The Governor of the Central Bank Dr. Nandalal Weerasinghe stated that One of the ways to overcome the current crisis situation is to allow the Central Bank to function independently. He was speaking at a special media briefing on ‘Economic Crisis Emergency’ held last night (08). He also stated that it does […]

Courtesy Hiru News Sri Lanka’s central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basis points to tame inflation that has soared due to crippling shortages of basic goods driven by a devastating economic crisis. “The rate hike will give a strong signal to investors and markets that we […]

Courtesy Hiru News Finance Minister Ali Sabry says he and a delegation including the Central Bank Governor and the Finance Minister Secretary along a team of technical experts will leave for Washington on the 18th to hold talks with the International Monetary Fund. The Minister said that the selection of financial and legal consultants for […]

Courtesy Hiru News Sri Lanka will need about $3 billion in external assistance in the next six months to help restore supplies of essential items including fuel and medicine, according to finance minister as reported by Reuters on Saturday. The nation has been hard hit by prolonged power cuts and shortages which have drawn protesters […]

Courtesy Adaderana The Sri Lanka government, through the Finance Ministry, has published Request for Proposals (RfPs) from interested parties or agencies for the appointment of financial advisors and legal consultants for managing its external debt sustainability. The scope of work of financial advisors includes evaluation of the debt stock in the background of maintaining sound macroeconomic fundamentals, advising the […]

Courtesy Adaderana The Legal Officers’ Association of the Attorney General’s Department has condemned what it called the unprofessional and unethical” conduct of a group of attorneys-at-law who recently staged a protest. A large group of lawyers staged a protest in front of the Attorney General’s Department on April 05, taking issue with the Attorney General’s […]

JAMILA HUSAIN Courtesy The Daily Mirror Ajith Nivard Cabraal, former Central Bank Governor who resigned from his post earlier this week, said he will not leave Sri Lanka and will instead answer all allegations leveled at him by various parties.  Following rumors that Cabraal had left the country soon after he resigned as the CBSL […]

Courtesy The Daily Mirror CB says substantial policy response is imperative” to address inflationary pressures and stabilise exchange rate CB’s SDFR and SLFR now stand at 13.50% and 14.50%, respectively However, analysts fear policy rate move could result in mass-scale defaults and even push economy towards a recession The Monetary Board of the Central Bank […]

Courtesy The Daily Mirror Several supporters of President Gotabaya Rajapaksa are presently conducting a rally in Kollupitiya carrying slogans “We want Gota” against the “Go Home Gota” protests which are presently underway in several areas. The protestors are making their way towards the Presidential Secretariat in Kollupitiya carrying the national flag and calling out “We […]

Courtesy The Daily Mirror In response to reports about the offer of the Finance Ministry portfolio, Samagi Jana Balawegaya (SJB)  MP Dr. Harsha de Silva said no offer had come from President Gotabaya Rajapaksa but from a number of senior ministers and various interlocutors on his behalf. He said he is ready to take on […]