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Colombo Bar Association Calls for Resignation of Key Officials in Sri Lanka Bar Association Pending Investigations
The Colombo Bar Association, during its committee meeting held yesterday, May 30, discussed the prevailing crisis within the Sri Lanka Bar Association. The meeting resulted in a unanimous decision recommending the temporary resignation of the Sri Lanka Bar Association’s President, Vice President, Secretary, and Treasurer. This recommendation will hold until the completion of an investigation…
Most Homes Safe from New Wealth Tax – President
Sri Lankan President Ranil Wickremesinghe in an address to the parliament on Tuesday (18) announced a new wealth tax initiative aimed at addressing rental income while ensuring the vast majority of homeowners remain unaffected. Emphasizing the high threshold for the tax, the President reassured citizens that around 90 percent of homes would be exempt. “I…
Asalanka, Hasaranga flatten Afghanistan to seal series for Sri Lanka
Sri Lanka’s middle order led by Charith Asalanka piled on a second successive 300-plus total following which Afghanistan imploded in their chase, as the hosts secured a 155-run win in the second ODI in Pallekele, and with it the three-match series with one game still to go. In chase of the 309-run target set by…
Sri Lanka Blocks Chinese Research Vessels, Fueling Tensions in the Indian Ocean
Sri Lanka has ignited a geopolitical firestorm by imposing a one-year ban on Chinese research vessels entering its ports and conducting research in its exclusive economic zone (EEZ). This move, announced on January 1st, comes after months of mounting pressure from India and the United States, both wary of China’s expanding research fleet in the…
President Ranil reveals why he chose ‘Gas Cylinder’ as symbol instead of ‘Elephant’
President Ranil Wickremesinghe emphasized that even if he successfully resolves the economic crisis that others have failed to address, the country’s economy will collapse again if the necessary economic transformations are interrupted midway. He urged citizens to carefully consider their future when making decisions in the upcoming presidential election. The President made these remarks during…
Sri Lanka Lags Behind in Blacklisting Corrupt Contractors: Report
Sri Lanka holds the dubious distinction of being the worst performer in South Asia when it comes to blacklisting corrupt contractors in public procurement, a new report reveals. Unlike its neighbors, the island nation neither recognizes fraudulent practices as a reason for disbarment nor actively enforces existing rules against defaulting contractors. Verité Research, the organization…