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Another economic crisis by September?

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The country could face another economic crisis in September due to the delay in implementing the conditions of the International Monetary Fund (IMF), Professor Aminda Methsila Perera of the Financial Management and Accountancy Department at the Wayamba University said.

He expressed these views while attending a news briefing held by the People’s Collective for Economic Justice in Colombo.

He said that although 39 per cent of the IMF conditions should be fulfilled by May, the government has fulfilled only 10 per cent.

Meanwhile, Acting Investment Promotion Minister Dilum Amunugama said the Board of Investment has received USD 211 million in investments in the first quarter of this year.

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03 vehicles collide at railway crossing

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03 vehicles have collided at the Merawala railway crossing on the Chilaw-Colombo main road.

The accident occurred at around 6.25 a.m. this morning (May 21) when a van, which had stopped behind a fuel bowser at the Chilaw Marawala railway crossing while it was closed for train traffic, was rear-ended by a prime mover transporting cement.

The prime mover had been unable to stop due to brake failure.

The van involved in the accident sustained significant damage and Chilaw Police are currently conducting further investigations.



(Pic: Accident 1st)

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Ramith Rambukwella arrives before CIABOC

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Ramith Rambukwella – son of former Minister Keheliya Rambukwella arrived at the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) earlier today (May 21) to record a statement.

Colombo Chief Magistrate Thanuja Lakmali yesterday (May 20) ordered the further remand of Keheliya Rambukwella until June 03, following his arrest by the CIABOC over 03 complaints related to alleged corruption.

The court also granted permission to name Ramith Rambukwella as a suspect in the case.

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Mahindananda seeks permission for home cooked meals

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Former Minister Mahindananda Aluthgamage, who is currently in remand custody, has submitted a written request to prison authorities seeking permission to receive food from his home.

He is currently being held at the “M 2” ward of the Colombo Remand Prison along with around 10 other prisoners, according to reports.

It is also reported that former minister Keheliya Rambukwella is being detained in the same ward.

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