News

SL & India sign USD 930.8 Mn. debt restructuring deal

Published

1 month ago

May 15, 2025

editor

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.

News

Senior official from Justice Ministry gives statement to CID

Published

37 minutes ago

June 16, 2025

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A senior official from the Ministry of Justice has given a statement to the Criminal Investigation Department (CID) regarding the alleged unlawful release of an inmate from Anuradhapura Prison under a presidential pardon granted for Vesak Poya.

Meanwhile, CID teams have been deployed to all 28 prisons across the island to investigate possible misuse of presidential pardons in the recent past.

Investigations are currently underway, and both the Anuradhapura Prison Superintendent and the Commissioner General of Prisons remain in remand over the incident.

News

Committee probing Deshabandu to convene daily from today

Published

39 minutes ago

June 16, 2025

editor

The high-level Committee of Inquiry investigating allegations of gross abuse of power by suspended Inspector General of Police (IGP) Deshabandu Tennakoon will commence daily hearings starting today (June 16) until the conclusion of the inquiry.

Accordingly, IGP Tennakoon appeared before the committee at 9.30 a.m. today continuing a process that began with his initial appearance in May.

The committee, chaired by Supreme Court Justice P. P. Surasena, includes Justice W.M.N.P. Iddawela and National Police Commission Chairman E.W.M. Lalith Ekanayake.

The committee has previously convened on several occasions and recorded statements from IGP Tennakoon and several others.

On June 11, the committee of inquiry with the participation of Additional Solicitor General (President’s Counsel) Dileepa Peiris and Deputy Solicitor General Rajitha Perera, representing the Attorney General’s Department, and R.S. Weerawickrama Attorney-at-Law, appearing on behalf of the Inspector General of Police, cross-examined the witnesses.

News

Landslide warnings issued for 07 districts

Published

3 hours ago

June 16, 2025

editor

The National Building Research Organisation (NBRO) has issued landslide warnings for seven districts due to ongoing adverse weather conditions.

A Level-2 warning has been issued for the Ayagama and Ratnapura areas in the Ratnapura District.

Level-1 warnings have been issued for the following Divisional Secretariat Divisions:

Colombo District: Padukka
Galle District: Elpitiya
Kalutara District: Walallawita, Agalawatte, Palindanuwara, Bulathsinhala, and Mathugama
Kandy District: Ganga Ihala Korale
Kegalle District: Yatiyanthota, Deraniyagala, Dehiowita
Nuwara Eliya District: Ambagamuwa
Ratnapura District: Pelmadulla, Eheliyagoda, Nivitigala, Kuruwita, Elapatha, and Kalawana