3
Fitch Ratings expects demand for spirits to weaken in the coming months amid the projected contraction in the Sri Lankan economy in the next 12 months, unprecedented inflation and the erosion of purchasing power of consumers due to deterioration in the local exchange rate.
5
President Vladimir Putin will begin formally annexing four Ukrainian regions to Russia on Friday in a move that the United Nations warned would mark a ’’dangerous escalation’’ of the conflict and which should be condemned.
5
A lawyer in a petition before Supreme Court today alleged that the bill titled ’Bureau of Rehabilitation’ has been brought with an ulterior motive of further harassing Aragalaya protestors as this Bureau is vested with powers to send persons to rehabilitation without a judicial order.
24
Senior BJP leader Dr Subramanian Swamy on Thursday met Gotabaya Rajapaksa in Colombo, becoming the first foreign visitor to call on the ousted Sri Lankan president, following his return to Colombo after fleeing the country amidst unprecedented protests against his government’s mishandling of the island nation’s economy.
4
The Court of Appeal today ordered the Attorney General to draft contempt of court charges against State Minister Sanath Nishantha in connection with two contempt of court cases filed against him by two lawyers.
12
The police have launched extensive investigations over the involvement of some politicians who had encouraged some ‘protester’ groups to overthrow the government by forcefully occupying Parliament and preventing a vote to elect a new President following the resignation of former President Gotabaya Rajapaksa in July.
4
While the pandemic in the last two years created a segment of people identified as ‘new poor’, who were on the brink of poverty, the economic crisis, which soon followed, tipped them down below the poverty line, sending the country’s official poverty levels at least multiple levels higher than what was prior to the pandemic.
17
Prime Minister Dinesh Gunawardena said he is hopeful that French investors would enter into new areas of investment such as fishery, agriculture, information technology (IT), renewable energy, electronics and tourism sectors.