Sri Lanka was on Tuesday downgraded by two of the top rating agencies in the world, Fitch and Moody’s, which is not favourable and done in haste, stressed Governor of the Central Bank of Sri Lanka Dr. Indrajith Coomaraswamy.
Addressing top corporates at the CA Sri Lanka Annual Report Awards held at the Shangri-La Hotel in Colombo on Tuesday, Dr. Coomaraswamy said the actions of the rating agencies have been superficial, hasty and involuntary.
In fact, the International Monetary Fund had requested the agencies to wait till the Supreme Court’s decision, he added. The Supreme Court is currently hearing two petitions, one of which is challening the dissolution of Parliament by the President. (Raj)
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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