In a move aimed at bolstering economic growth, the Central Bank of Sri Lanka (CBSL) has cut interest rates by 25 basis points. This decision, announced on July 24, reduces the Standing Deposit Facility Rate to 8.25% and the Standing Lending Facility Rate to 9.25%. The central bank’s move is intended to sustain the revival…
Ajith Parakum In a significant and progressive step, the Sri Lankan government has issued a formal apology for its controversial “cremations only” policy enforced during the COVID-19 pandemic. This policy, which mandated the cremation of all COVID-19 victims, including those from the Muslim community, disregarded both religious beliefs and scientific advice, causing widespread distress. The…
On July 24, 2024, the Supreme Court of Sri Lanka issued a significant interim order regarding the contentious appointment of Deshabandu Tennakoon as Inspector General of Police (IGP). This decision came after a series of petitions challenged the constitutionality and appropriateness of his appointment by the President. The cases were initiated by eight organizations and…
The Supreme Court will decide today (24) whether to hear the fundamental rights petitions challenging Deshabandu Tennakoon’s appointment as the Inspector General of Police (IGP). The petitions, filed by multiple parties, allege Tennakoon’s negligence during the 2019 Easter attacks and the ‘GotaGoGama’ protest assault. The court may also issue an interim order preventing Tennakoon from…
The Department of Meteorology has issued a ‘Red’ warning for strong winds and rough seas for naval and multi-day fishermen communities in the Arabian Sea and Bay of Bengal. As per the warning, very strong winds of about 70-80 kmph, and very rough seas are likely over the Arabian Sea area and Bay of Bengal…
The issue of the proposed 22nd Amendment to the constitution which cast doubt about the holding of the presidential election in view of its requirement of a referendum and focus on the length of the president’s term of office has hopefully been dealt with. In his recent speech while opening the judicial complex in Galle,…
The Cabinet of Ministers has granted approval to publish the revised Online Safety Bill in the government gazette and to table it in Parliament. In line with the decision given by the Supreme Court on the draft bill on the security of online methods known as ‘Online Safety Bill’, and subsequent to being passed in…
Sri Lanka has drawn over 100,000 tourists in July so far, boosting the year to date to cross over the 1.1 million mark. There have been 109,393 tourists between 1 and 18 July as per data released by the Sri Lanka Tourism Development Authority. The year to date figure is 1.119 million tourists.
Australia’s former Prime Minister Scott Morrison emphasized three key elements—priorities, plans, and partnerships—that have enabled Sri Lanka’s recent successes and will shape its future during his address at the Human Capital Summit. The event, held at Temple Trees and inaugurated by President Ranil Wickremesinghe, drew around 600 participants and featured over 60 global and local…
The latest report released by the Ministry of Finance reveals that the total unpaid debt and instalments amount to USD 8.6 billion over the past 24 months, following the government’s decision to temporarily suspend foreign debt payments. According to the Ministry of Finance, since the temporary suspension of foreign debt and instalment payments on April…
