5
A Fundamental Rights petition filed by Ven. Omalpe Sobhitha Thera challenging the decision of the Cabinet of Ministers to award the coal tender to the Black Sand Commodities Company was today withdrawn following the government’s decision to cancel the questionable tender for the procurement of coal to the Lakvijaya Coal Power Plant.
11
Deputy Assistant Secretary of the Treasury for Asia in the US Robert Kaproth arrived in Sri Lanka today and will meet with government and economic experts to discuss the way forward on the country’s economic recovery, US Ambassador Julie Chung tweeted.
27
Rishi Sunak prevailed in a chaotic three-day race for leader of Britain’s Conservative Party on Monday, a remarkable political comeback that doubled as a historical milestone, making him the first person of color to become prime minister in British history.
25
Despite the President’s recommendation to increase the weekly fuel quota by five litres, three-wheeler drivers said today that they are hoping to get 30 litres of petrol which they have requested for their three-wheeled vehicles to continue service.
10
Minister Mahinda Amaraweera has suggested suspending the services of all trackers who accompanied the group while abusing wild animals in Yala National Park, as well as officials who failed to control the situation.
26
Through the implementation of the new tax policies by the government, migration of professionals from the country has increased and it could plunge the health and other sectors into precipice, the Government Medical Officers’ Association (GMOA) said.
4
While stressing that the universal suffrage is a part of the sovereignty of the people guaranteed under basic law, former Local Government and Provincial Councils Minister Faizer Musthapha PC, said the Election Commission (EC) is mandated to hold Local Government polls and constitute all 340 local government bodies on or before March 20th of 2023.
16
The economic rescue programme with the International Monetary Fund (IMF) remains the only path available for Sri Lanka to emerge from the prevailing economic crisis, as no one else is ready to bail out Sri Lanka, according to Central Bank Governor Dr. Nandalal Weerasinghe.
6
Sri Lanka could achieve the economic policy goals it aspires without needing to impose ‘haircuts’ on capital or domestic creditors, if the government can act soon and carry out the restructuring effort early.
0
The finance and leasing companies carry more susceptibility to interest rate risk amid the elevated domestic interest rates, said Fitch Ratings, as they hold mostly fixed-rate loans, which have a slow repricing cycle than their liabilities, of which majority consists of deposits.
18
The Constitutional Council (CC) to be constituted under the 21st Amendment passed last Friday in Parliament will have to act without offending other two pillars of democracy, the President and the Judiciary, SLFP chief and former President Maithripala Sirisena said.
11
Former prime minister Boris Johnson pulled out of the contest to become Britain’s next leader on Sunday, saying he had the support of enough lawmakers to progress to the next stage but far fewer than front-runner former finance minister Rishi Sunak.