Sri Lanka to hire global law firm to aid debt restructuring

Sri Lanka will hire a global law firm to provide technical assistance on debt restructuring ahead of talks with the International Monetary Fund (IMF) on the country’s economic crisis, Cabinet spokesman Ramesh Pathirana said.

The island’s currency reserves have slumped 70% in the last two years to $2.31 billion and it has to repay about $4 billion i...

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Marriage Registration Ordinance to be amended

The Cabinet of Ministers has given the approval to introduce new laws pertaining to the registration of foreign divorces, marriage annulment or recognition of judicial separation.

The legal draftsmen are currently preparing bills for this purpose, the government said in a statement.

Although requirements to be fulfilled for the registration of...

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Sri Lanka to receive Indian grant for Maritime Rescue Coordination Centre

The Cabinet of Ministers has given the go-ahead to establish a Maritime Rescue Coordination Centre in Sri Lanka with a grant of USD 6 million from India.

In a statement, the government said India has agreed to provide the required financial assistance for this Maritime Rescue Coordinating Centre.

The relevant proposal was tabled by President...

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Surcharge Tax Bill can be passed with simple parliamentary majority - SC

The Supreme Court has informed Speaker Mahinda Yapa Abeywardena that the Surcharge Tax Bill can be passed with a simple majority in parliament as it is in accordance with the Constitution.

This was conveyed by Deputy Speaker Ranjith Siyambalapitiya during today’s parliamentary session.

“I wish to announce to Parliament that I have received the d...

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Special ruling party meeting chaired by President today

A special meeting of the ruling party chaired by President Gotabaya Rajapaksa is scheduled to be held at around 6.30 p.m. today (March 22).

The meeting is to be held at Temple Trees, Ada Derana learns.

All members of parliament (MPs) from the ruling party have reportedly been informed to mandatorily attend the meeting, which is expected tp focus on...

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Litro begins unloading another gas shipment

Litro Gas says that another ship carrying a consignment of 3,700 metric tonnes of liquefied petroleum gas (LPG) has docked at the Colombo Port.

The company said that the payment for shipment has been made and that unloading has commenced at the Kerawalapitiya storage terminal.

It further said that per day 100,000 cylinder of Litro domestic LP gas...

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