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US and India welcome SL’s debt restructuring process

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The US and India have welcomed Sri Lanka’s latest progress in the debt restructuring process.

Yesterday, Sri Lanka reached a final restructuring agreement for USD 5.8 billion of debt with its bilateral lenders’ Official Creditor Committee in Paris.

Sri Lanka also signed debt treatment agreements in Beijing with China Exim Bank to restructure USD 4.2 billion of debt.

Taking to X, US ambassador to Sri Lanka – Julie Chung has said, “We welcome the news of a final agreement on debt restructuring between Sri Lanka and creditor nations, reached today on the sidelines of the Paris Forum 2024. This is a positive step forward in Sri Lanka’s economic recovery and resilience, helping build more confidence in Sri Lanka’s fiscal environment. The U.S encourages Sri Lanka to continue the reform process, adopting transparent and sustainable changes that foster long-term prosperity and growth.”

In addition, On a X message, Randhir Jaiswal, official spokesman of the External Affairs Ministry of India, has also congratulated Sri Lanka on the progress and reiterated India’s commitment to Sri Lanka’s growth and prosperity.

🇮🇳 is steadfast in its commitment to 🇱🇰’s growth and prosperity, demonstrated by the unprecedented assistance of USD 4 billion as well as the role played by 🇮🇳 as the co-chair of the OCC,” he has said.

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SL – China sign debt restructuring agreements

Sri Lanka finalizes debt restructuring agreement with official creditor committee

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Range Bandara’s son granted bail

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UNP General Secretary Palitha Range Bandara’s son Yasodha Range Bandara, who was arrested in connection with a car accident in Karuwalagaswewa area in Puttalam, has been granted bail by the Puttalam Magistrate’s Court.

However, the court has temporarily suspended his driving license.

After being presented to the court, the Acting Puttalam Magistrate has ordered the suspect to be released on a personal bail of Rs. 500,000.

He was arrested by officers following a vehicular accident that occurred early this morning (29). 

The incident had occurred at around 4.30 a.m. in the Elephant Pass area near the 7th Mile Post, Mee-Oya, Karuwalagaswewa.

The car driven by Yasodha Range Bandara had reportedly veered off the road and collided with a three-wheeler. 

The driver of the three-wheeler had sustained serious injuries in the crash and has been admitted to the Puttalam Base Hospital for treatment.

Karuwalagaswewa Police are conducting further investigations into the accident.

Yasodha Range Bandara had previously been arrested and remanded over a car accident in 2018.

(adaderana.lk)

This story, originally published by adaderana.lk has not been edited by SLM staff)

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Four fishermen die after consuming unknown liquid

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Four fishermen have died after consuming a liquid from a bottle they found adrift at sea.

Director General of Fisheries, Susantha Kahawatte, reported that two other fishermen who also consumed the liquid are in critical condition and are being brought back to shore.

The Sri Lanka Navy stated that the bottle was discovered approximately 320 nautical miles south of Tangalle. Medical advice was provided to the sailors by the Navy.

Police revealed that the multiday fishing trawler had departed from Tangalle fishing harbour on June 4th for fishing activities.

In response, the fishing community in Tangalle staged a protest on Saturday evening, demanding that the critically ill fishermen be brought ashore. 

Protesters blocked the Tangalle-Matara main road in Pallikkudawa, causing significant disruption to vehicular movement.

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Chris Rogers considered for head coach of Sri Lanka cricket team

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Sri Lanka Cricket (SLC) is reportedly considering appointing Australian Chris Rogers as the new head coach of the national cricket team.

Rogers, 46, currently coaches the Victoria state team and is a former opening batsman for Australia. 

SLC has initiated discussions with Rogers and two other foreign candidates, with Rogers being the youngest among them.

SLC aims to finalize the new head coach appointment before the upcoming tournament in India.

In addition, SLC has expressed dissatisfaction with the current foreign bowling coach’s performance, indicating potential further changes in the coaching staff.

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