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The Fort Police said they would take legal action against those who are still occupying the area that comes within 50-meter radius of the statue of SWRD Bandaranaike is situated at the Galle Face in Colombo.
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The Central Bank of Sri Lanka (CBSL) has requested the licensed banks to provide appropriate concessions, for a period of six months, to borrowers whose income or businesses have been adversely affected due to the current macro-economic situation and/or due to COVID-19 pandemic while preventing any undue stress on the banking sector stability.
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The current economic conditions could grind on till Sri Lanka strikes an agreement with the International Monetary Fund (IMF), which will unlock other sources of funding, as bridge financing, which the authorities were hoping for in the interim, remains hard to come by, according to Central Bank Governor Dr. Nandalal Weerasinghe.
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President elect Ranil Wickremesinghe is to be sworn in at the parliament premises today, Parliament source said. He will be sworn in before Chief justice as the eight Executive President of this country. Wickremesinghe is the first to be elected by Parliament as per the the constitution.
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The Treasury bill yields edged lower yesterday after three weeks of climbing but ended way above when the current ascent in the short-term bills began on June 29, in response to the rising funding needs of the government amid the tightening liquidity conditions in the rupee markets.
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Claiming that the composition of Parliament did not represent the true desire of the people, NPP leader Anura Kumara Dissanayake reiterated that an opportunity should be given for a new mandate as there was no genuineness for any form of government established in the current Parliament.
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While stating that they wanted to form a consensus government first time in the history of Sri Lanka, Dullas Alahapperuma said even though their motive was defeated, he did not believe that the wish of the majority of the people who valued consensus was not shattered.
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The International Monetary Fund hopes to complete rescue talks with Sri Lanka ’’as quickly as possible,’’ Managing Director Kristalina Georgieva said on Wednesday, hours before the crisis-hit South Asian nation elected a new president.
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The Education Ministry has issued a special missive recommending schools to function every Monday, Tuesday and Thursday until further notice, as well as to continue with online teaching practices on Wednesdays and Fridays when schools are not functioning.