News

The founder of the Sarvodaya Shramadana Movement of Sri Lanka, Dr. A.T. Ariyaratne has passed away at the age of 93.  The former Constitutional Council (CC) member had passed away on Tuesday (16) at a private hospital in Colombo, according...

The Colombo stock market yesterday suffered its highest daily loss as investors reacted negatively to the deadlock in external debt restructuring talks whilst some element of profit taking was evident too.The benchmark ASPI plunged by 214 points or 1.8% and...

The Verite Research proposed Governance-Linked Bond (GLB) had figured in the recent London talks between the Government of Sri Lanka and external commercial creditors. GLB is structured based on 2 Key Performance Indicators (KPIs) - Tax revenue to GDP ratio...

Bloomberg: Sri Lanka’s first round of talks with dollar bondholders failed to yield an agreement, sending bonds lower, even as the South Asian country hopes to reach a deal in the next few weeks. The nation’s 7.55% 2030 bond fell...

Associates of deceased trio test negative; hospitals following DGHS guidelines    Following three new Covid-19 deaths being reported from Kurunegala and Jaffna, the relevant Hospital administrations said that there was no need to advocate for patients and hospital staff to be...

The Sri Lankan government on Tuesday said it failed to reach an agreement with its bondholders for restructuring around USD 12 billion debt, in the latest setback for the cash-strapped island nation which is aiming to meet targets for the...

US Navy warships used a missile interceptor for the first time in combat over the weekend as they defended Israel from an unprecedented Iranian attack. Secretary of the Navy Carlos Del Toro said American forces fired the Standard Missile 3,...

Response to Finance Ministry press release 16 April 2024 on the failure to meet agreement on ISB bond restructuring. These initial comments are based on the first reading of the press release by the Finance Ministry moments ago. We reserve...

Sri Lanka is currently at a critical juncture where luring foreign investors is imperative for its development agenda. However, lack of transparency and policy inconsistency has made this a rather challenging task. Mirror Business recently sat with Chief Delegate of...

Mr Palitha Ranga Bandara, UNP General Secretary, said that Ms Thalatha Athukorala, Kabir Hashim, Harshada Silva and Eran Wickramaratne of Samagi Jana Balavega will be invited to join with the President to further strengthen the country being built. Sri Lanka...