Former President Maithripala Sirisena Accused of Amassing Significant Wealth During Tenure
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Former President Maithripala Sirisena Accused of Amassing Significant Wealth During Tenure

During a recent legal proceeding, former President Maithripala Sirisena faced serious allegations related to the accumulation of significant wealth during his time in office. Counsel Sanjeewa Jayawardena, representing the petitioners in 11 Fundamental Rights (FR) petitions associated with the Easter Sunday attack, presented these accusations in the Supreme Court. The wealth report indicated that Sirisena…

Overcrowding in Sri Lankan Prisons: Commissioner General Highlights Urgent Issues
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Overcrowding in Sri Lankan Prisons: Commissioner General Highlights Urgent Issues

Commissioner General of Prisons, Tushara Upuldeniya, has raised alarms over the severe overcrowding in Sri Lankan prisons, revealing that the current inmate population is approximately double the designed capacity. As of July 15, 2024, Sri Lankan prisons house 30,607 inmates, the majority of them drug offenders. This critical situation has led to significant challenges, including…

False Terrorism Cases Enable Repression
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False Terrorism Cases Enable Repression

Human Rights Watch Sri Lankan authorities continue to use the notorious Prevention of Terrorism Act (PTA) to target perceived opponents and minority communities without credible evidence to support the allegations despite repeated pledges to end the practice, Human Rights Watch said today. While some victims have suffered years of arbitrary detention and torture, others are persecuted even after…

Sri Lankan Businesses Expand Globally: Star Garments Secures $15M IFC Loan for New Togo Factory
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Sri Lankan Businesses Expand Globally: Star Garments Secures $15M IFC Loan for New Togo Factory

Star Garments, a subsidiary of Charles Komar & Sons, has secured a $15 million loan from the International Finance Corporation (IFC) to establish a new garment factory in Togo, marking their first venture into Africa. This factory, to be built in the Plateforme Industrielle d’Adétikopé near Lomé, will adhere to Leadership in Energy and Environmental…

Sri Lanka Maps Trees to Join Carbon Markets and Launches Advanced Carbon Credit Exchange

Sri Lanka Maps Trees to Join Carbon Markets and Launches Advanced Carbon Credit Exchange

Sri Lanka is embarking on a strategic initiative to map all its tree species as a precursor to joining global carbon credit markets. This comprehensive project, announced by Senior Presidential Advisor on Climate Change Ruwan Wijewardene, aims to quantify the island’s carbon sequestration capacity, with a focus on both forested areas and mangrove ecosystems. The…

Excise Tax Revenue Falls Short of Health Costs in Sri Lanka
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Excise Tax Revenue Falls Short of Health Costs in Sri Lanka

Amaranath Thennakoon, Director of the Center for Drug and Alcohol Information, stated that people in Sri Lanka spend around 6 billion rupees daily on arrack and beer. He shared this information during a recent discussion with journalists at the Sarvodaya Institute in Kegalle. Dayarathna Bandara, reported this to Dinamina newspaper, highlighting the significant financial burden…

Pakistan Narrowly Avoids Economic Crisis by Learning from Sri Lanka’s Mistakes
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Pakistan Narrowly Avoids Economic Crisis by Learning from Sri Lanka’s Mistakes

Chethana Gomis Pakistan has narrowly averted a severe economic crisis by heeding lessons from Sri Lanka’s financial collapse and engaging the International Monetary Fund (IMF) in a timely manner. While Sri Lanka faced controversy and criticism for its early declaration of bankruptcy, Pakistan proactively sought IMF support, securing a staff-level agreement on a 37-month Extended…

Legal and Systemic Challenges to Bring Back Repatriate Escaped Criminals
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Legal and Systemic Challenges to Bring Back Repatriate Escaped Criminals

Ajith Parakum Sri Lanka faces significant challenges in bringing escaped criminals back to the island to face justice. As many as 45 Sri Lankan criminals, red-noticed by Interpol, are currently stationed overseas, mostly in the United Arab Emirates (UAE), where they continue to orchestrate organized criminal activities back home. The complexities of this issue lie…

Supreme Court Petition Filed Over the 19th Constitutional Amendment and Presidential Election
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Supreme Court Petition Filed Over the 19th Constitutional Amendment and Presidential Election

A fundamental rights petition has been filed in the Supreme Court, asserting that holding a presidential election without the proper enactment of the 19th Constitutional Amendment into law violates the fundamental rights of the people of Sri Lanka. Attorney-at-Law Aruna Laksiri Unawatuna clarified the legal arguments underpinning the petition. The petition, filed by Unawatuna, requests…

Sri Lanka Gains International Support with Successful Debt Restructuring, Secures LKR 30 Billion from OPEC Fund for Mahaweli Water Security Investment Project
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Sri Lanka Gains International Support with Successful Debt Restructuring, Secures LKR 30 Billion from OPEC Fund for Mahaweli Water Security Investment Project

In a significant boost reflecting the international confidence in Sri Lanka’s economic reforms, the OPEC Fund has agreed to provide financial assistance of LKR 30 billion (USD 100 million) for the Mahaweli Water Security Investment Project. This support highlights the benefits of Sri Lanka’s successful debt restructuring efforts. State Minister of Finance Shehan Semasinghe announced…