Chethana Gomis Pakistan has narrowly averted a severe economic crisis by heeding lessons from Sri Lanka’s financial collapse and engaging the International Monetary Fund (IMF) in a timely manner. While Sri Lanka faced controversy and criticism for its early declaration of bankruptcy, Pakistan proactively sought IMF support, securing a staff-level agreement on a 37-month Extended…
Ajith Parakum Sri Lanka faces significant challenges in bringing escaped criminals back to the island to face justice. As many as 45 Sri Lankan criminals, red-noticed by Interpol, are currently stationed overseas, mostly in the United Arab Emirates (UAE), where they continue to orchestrate organized criminal activities back home. The complexities of this issue lie…
A fundamental rights petition has been filed in the Supreme Court, asserting that holding a presidential election without the proper enactment of the 19th Constitutional Amendment into law violates the fundamental rights of the people of Sri Lanka. Attorney-at-Law Aruna Laksiri Unawatuna clarified the legal arguments underpinning the petition. The petition, filed by Unawatuna, requests…
In a significant boost reflecting the international confidence in Sri Lanka’s economic reforms, the OPEC Fund has agreed to provide financial assistance of LKR 30 billion (USD 100 million) for the Mahaweli Water Security Investment Project. This support highlights the benefits of Sri Lanka’s successful debt restructuring efforts. State Minister of Finance Shehan Semasinghe announced…
Multi-Sectoral National Action Plan to address Sexual and Gender-Based Violence 2024-2028 was approved by the cabinet of Sri Lanka. The National Action Plan ( NAP) consists of 13 main sectors with 5 sub sectors, namely Gender Empowerment, Child Affairs, Social Protection & Welfare, Education (General Education, Higher Education, Vocational and Technical Education & Training), Health…
Despite accusations from social media and opposition parties alleging government inaction against former State Minister Diana Gamage, prosecutors have sought the Attorney General’s instructions to frame charges. The Colombo Chief Magistrate’s Court heard six cases against Gamage yesterday (11th) for violating immigration laws. The cases, filed by the Criminal Investigation Department (CID), highlight the complexity…
Chethana Gomis Sri Lanka has objected to India’s proposal to explore cobalt deposits in the Indian Ocean. Thus, our country had objected to India’s recent proposal to obtain the necessary right to explore a cobalt deposit that may belong to the jurisdiction of Sri Lanka. Colombo argues that the area India wants to explore for…
The deadline for presidential elections is fast approaching and the Election Commissioner will be empowered to declare the date of the election on July 17, just over a week from now. The election rallies are becoming larger and feistier. The two main opposition parties are showing their growing strength in the numbers attending their political…
The Cabinet has approved to introduce a special bill for the re-registration of companies incorporated or registered under the Companies Act. The operations, procedures, and other requirements related to companies operating in Sri Lanka are outlined under the Companies Act No. 7 of 2007. As of March 31, 2024, there are approximately 199,484 companies incorporated…
Harsha Gunasena Ahilan Kadirgamar (hereinafter referred to as AK), whose colourful academic credentials i.e., bachelor’s degree in electrical engineering, master’s in economics and a doctorate in anthropology would impress anyone, has written an article titled “Kenya to Sri Lanka: Protests, IMF and High Ambition” to the Daily Mirror published on July 1, 2024 (https://www.dailymirror.lk/opinion/Kenya-to-Sri-Lanka-Protests-IMF-and-high-ambition/172-286106). I…
