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Parliament to debate Anti-Corruption Bill on June 21 

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The Parliamentary Business Committee has decided to debate the proposed Anti-Corruption Bill in Parliament on June 21.

The decision was taken when the committee convened under the patronage of Speaker of House Mahinda Yapa Abeywardena.

Minister of Justice, Prisons Affairs and Constitutional Reforms Wijeyadasa Rajapakshe in April tabled the Anti-Corruption Bill in Parliament.

The Bill proposed to give effect to certain provisions of the United Nations Convention against Corruption and other Internationally recognized norms, standards, and best practices; to provide for the establishment of an Independent Commission to detect and investigate allegations of bribery, corruption and offences related to the declaration of assets and liabilities and associated offences, and to direct the institution of and institute prosecutions for offences of Bribery, Corruption and offences related to the declaration of assets and liabilities and other associated offences; to promote and advance the prevention of corrupt practices; to educate and raise awareness amongst the public to combat corruption; to repeal the Bribery Act (Chapter 26), the Commission to Investigate Allegations of Bribery or Corruption Act, No. 19 of 1994 and the declaration of assets and liabilities Law, No. 1 of 1975 and related matters.

The Bill was subsequently challenged in the Supreme Court.

The Supreme Court then determined that certain clauses of the proposed Anti-Corruption Bill are inconsistent with the Constitution.

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03 Lankans featured in 2025 Forbes’ 30 Under 30 Asia list

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03 young Sri Lankans have been featured in the Forbes’ 30 Under 30 Asia list for 2025.

They are :
Nikin Matharaarachchi, in 2021, founded Sri Lanka-based Synapse AI Labs is the company behind Kommon Poll, an AI-powered social listening tool. Kommon Poll provides businesses marketing insights by analyzing keyword performance across multiple online platforms, including news sites, blogs and social media.

Charith N Silva, known for videos showing him preparing dishes in outdoor settings, launched the YouTube channel ‘Wild Cookbook’ in 2020 during the pandemic. With over 600 videos, ‘Wild Cookbook’ is now Sri Lanka’s largest YouTube channel with over 10 million subscribers, and Silva has over 2.3 million Instagram followers. In November 2024, he opened a restaurant in Colombo called Wildish.

Yanika Amarasekera-Siyaguna, a UC Berkeley and Imperial College London alumna, founded Silver Aisle, Sri Lanka’s first online wedding registry, in 2019. The e-commerce platform has since expanded beyond wedding gifts to include presents for all occasions as well as dining ,vacation packages and lessons in horse riding, golf and pottery, among others. In 2023, Amarasekera-Siyaguna was appointed an independent director of LB Finance, one of Sri Lanka’s largest finance firms.

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SL & India sign USD 930.8 Mn. debt restructuring deal

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Sri Lanka and India have signed a USD 930.8 million debt restructuring deal recently on Sri Lanka’s present External Debt Restructuring Process. 

The signing of Bilateral Amendatory Agreements between the Government of Sri Lanka and the Export-Import Bank (EXIM) of India took place on March 25, 2025 and April 03, 2025, respectively. 

The deal concerns 07 Line of Credit and 04 Buyer’s Credit Facility agreements with the Government of India.

Secretary of the Ministry of Finance, Planning, and Economic Development, Mr. K.M. Mahinda Siriwardana, signed the agreements on behalf of the Sri Lankan Government.

General Manager of the EXIM Bank of India, Mr.Nirmit Ved, signed the Line of Credits, and Deputy General Manager of the EXIM Bank of India, Mr. Amith Kumar, signed the Buyer’s Credit Agreements.

Issuing a statement, the Ministry of Finance, Planning and Economic Development stated that the signing of these bilateral amendatory agreements marks a significant milestone in Sri Lanka’s ongoing External Debt Restructuring Process.

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965 lives lost in road accidents during last 05 months

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A total of 965 people have died between January 01 – May 13 due to various road accidents across Sri Lanka.

During this period,1,842 accidents including 902 fatal accidents were recorded, according to police reports.

The main causes cited for these accidents include negligence, reckless driving and improper vehicle maintenance.

To address the rising number of accidents, police have planned a special island-wide program focused on reducing traffic incidents, including driver awareness initiatives.

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