The current political crisis in Sri Lanka is credit negative for the sovereign (status), rating agency, Moody’s Investors Service said on Monday.
“The President’s sudden appointment of Mr Rajapaksa as Prime Minister significantly heightens policy uncertainty. Additionally, the possible social tensions that may unfold in the next few weeks would have a negative impact on the economy, which is already growing slowly. And at a time when global financial markets are turbulent, uncertainty about the direction of future policy could have a large and lasting negative impact on international investor confidence. Such a development would undermine Sri Lanka’s ability to refinance forthcoming external debt in early 2019 at affordable costs,” it said in a statement adding that a fuller statement would be issued later in the day.- ENDS-
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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