Category: News

Clifford Chance and Lazard update to Lankan creditors on Friday

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Clifford Chance and Lazard update to Lankan creditors on Friday Clifford Chance and Lazard are inviting those interested for an update on Sri Lanka’s debt restructuring on Friday at 5.30 p.m. local time. This will be the first open engagement with creditors of Sri Lanka since the appointment of Clifford Chance and Lazard as legal and financial advisors respectively to the Government. To date, it had individual meetings with bilateral creditors. Sri Lanka in April suspended servicing of $ 47 billion external debt held by bilateral and private creditors as…

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Parliament passes resolution on ‘National Council’ without objection

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Parliament passes resolution on ‘National Council’ without objection The resolution proposed by the Prime Minister Dinesh Gunawardena to constitute the Parliament Committee called the “National Council” was passed in parliament yesterday without objection. National Council will consist of the Speaker of Parliament as the Chair, the Prime Minister, the Leader of the House of Parliament, the Leader of the Opposition in Parliament, the Chief Government Whip and not more than thirty-five Members of Parliament representing the Ninth Parliament from recognised Political Parties in Sri Lanka as determined by the Leaders…

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‘The Writing Was on The Wall’: Debt Distress and Ways Forward in Sri Lanka – Jayati Ghosh

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‘The Writing Was on The Wall’: Debt Distress and Ways Forward in Sri Lanka – Jayati Ghosh In the fourth in a series of talks organised by Polity magazine of the Social Scientists’ Association and the Women and Media Collective with feminist economists abroad to help us in Sri Lanka think through this economic crisis that we inhabit, and how best to respond to it in ways that take forward or at least protect the interests of classes and groups that are most marginalised, Professor Jayati Ghosh  spoke from New Delhi on 29…

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Asia Cup win is a huge boost for T20 World Cup, says Dasun

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Asia Cup win is a huge boost for T20 World Cup, says Dasun We are very happy to enter the final and win the Asia cup for which we were waiting for a long time said Sri Lanka skipper Dasun Shanaka after winning the sixth Asia Cup championship at the Dubai International cricket stadium. We had a plan and were ready to play against any opponent. After we lost the first match to Afghanistan we had a long chat and corrected our mistakes and played the next few games with…

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UNHRC chief urges GoSL to commence national dialogue

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UNHRC chief urges GoSL to commence national dialogue Acting UNHCHR Nada Al-Nashif presents report on SL Calls to advance human rights and combat impunity Notes fragile political and economic situ and troubling’ PTA use Proposes independent, transparent probe with int’l assistance on Easter attacks BY Mirudhula Thambiah United Nations (UN) Deputy High Commissioner for Human Rights (HCHR) and Acting HCHR , presenting the report on Sri Lanka’s human rights situation at the 51st UN Human Rights Council (UNHRC) yesterday (12) in Geneva, Switzerland, encouraged the new Government to embark on…

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Bopage tells UNHRC no prospect of meaningful HR and democratic reforms under Wickremesinghe Govt.

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Bopage tells UNHRC no prospect of meaningful HR and democratic reforms under Wickremesinghe Govt.  Calls on UNHRC to enhance scrutiny of the situations Informs council of arrests under PTA by Govt.  Says Govt. has systematically subverted key accountability processes Aragalaya activist, Attorney-at-Law Nuwan Bopage addressing the 51st session of the United Nations Human Rights Council (UNHRC) said the Government’s violent response to protests leaves no room for optimism about the prospects of meaningful human rights, democratic reforms and accountability under the administration of President Ranil Wickremesinghe. Bopage was representing the…

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Bid to scuttle probes alleged

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Bid to scuttle probes alleged By Shamindra Ferdinando The reappointment of two key parliamentary watchdog committees, COPE (Committee on Public Enterprises) and COPA (Committee on Public Accounts) has been further delayed for want of a consensus among political parties on who should head them.In spite of earlier indications that the ruling SLPP might go ahead with the original plan to give leadership of COPE and COPA, in addition to that of the Committee on Public Finance (COPF) to the Opposition, the government seems to have second thoughts, political sources said.…

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CBK to open Nawa Lanka Nidahas Pakshaya HQ today

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CBK to open Nawa Lanka Nidahas Pakshaya HQ today Former President Chandrika Bandaranaike Kumaratunga will declare open the new party head office of the Nawa Lanka Nidahas Pakshaya (New Lanka Freedom Party) in Battaramulla today (5- 9-2022) morning. The new political party is led by Parliamentarian Kumara Welgama. He said the party is set to implement programs to train youth under the age of 40 and take steps to establish a corruption-free youth-led political movement in the future. Welgama formed the Nawa Lanka Nidahas Pakshaya on 6 March 2020, claiming…

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IMF agreement gives confidence, grateful to India, says envoy Moragoda

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IMF agreement gives confidence, grateful to India, says envoy Moragoda The preliminary agreement with the International Monetary Fund (IMF), under which Sri Lanka nation stands to receive $ 2.9 billion to tackle the ongoing economic crisis, is a “first step” in the long haul of economic recovery but will provide the country and investors “confidence” to attract increased investments and remittances, Sri Lankan High Commissioner to India Milinda Moragoda said on Thursday. Speaking at the Indian Express Idea Exchange, Moragoda said that with the IMF agreement taking shape, Sri Lanka…

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UK ready to engage with international partners to support Sri Lanka: PM Johnson

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UK ready to engage with international partners to support Sri Lanka: PM Johnson British Prime Minister Boris Johnson has commended the efforts of President Ranil Wickremesinghe for establishing an inclusive government which will bring the stability needed to address issues for the Sri Lankan people. In a congratulatory message to President Wickremesinghe on his appointment as the Head of State, the British Prime Minister said that upholding democratic principles and seeking democratic consensus will be vital to President Ranil Wickremesinghe’s success. Reiterating the British Government’s sincere commitment to Sri Lanka,…

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