COLOMBO, Tuesday - Sri Lanka’s stock market was down on high turnover at Tuesday’s opening amidst the growing political chaos which will come to a head at today’s Supreme Court (SC) decision.
The main All Share Price Index was down by 0.02 per cent to stand at 5,981.21 points by 10.31 am with liquid S&P down by 0.06 per cent standing at 3,104.06 points on a Rs. 6.2 billion turnover.
The country has been thrust into a deeper constitutional crisis after President Maithripala Sirisena dissolved parliament on November 9 and called for a general election in January 2019.
Political parties and civil society activists have challenged this move in the Supreme Court. The decision of whether dissolving the legislature is legal or not by the SC is expected today.
The rupee hit a record low of 179.90 to the dollar as at Monday and has dropped 14.4 per cent so far this year with analysts saying the political crisis has aggravated the economic situation. (DEC)
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
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