Sri Lankan Hindu devotees pray during the Maha Shivaratri festival at a Hindu temple in Colombo on February 24, 2017. The festival of Maha Shivaratri is marked by Hindus fasting and offering prayers in a night long vigil. / AFP PHOTO / LAKRUWAN WANNIARACHCHI

Sri Lanka’s ‘bond scam’ gets murkier, MR to sue

Former president Mahinda Rajapaksa vowed to sue the central bank and the finance ministry as a gazette emerged showing he created a 10 billion rupee bond whose sale has become the subject of several investigations.

 Addressing reporters at a temple ceremony in Horana, the former leader said his name had been used to carry out a major fraud and he intends to take legal action against the finance minister and the central bank.



Sri Lanka activist asks MR to complain over bond gazette


A good governance activist Saturday challenged former president Mahinda Rajapaksa to file a police complaint if he was not behind an impugned gazette that set up the controversial bond sale after his defeat.Keerthi Tennakoon of the campaign for Free ...

Inept government stuck between the legacies of 1956 and 1977


There is no good governance in Sri Lanka, only inept governance. But the alternative, i.e. bad governance, could be worse, as it has been. Last week, like every week for that matter, saw consequences of earlier bad governance getting worse under curre...

Commercial banks preserving cash by paying scrip dividends

Several commercial banks quoted on the Colombo Stock Exchange have announced scrip dividends – where shares are issued in lieu of cash - in addition to cash dividends on their 2016 results as a means of preserving some of the available cash in ...

A much needed series win


There was much relief among cricket enthusiasts after Sri Lanka secured a thrilling series win over Australia earlier this week. Sri Lankan cricket hit new lows during the tour of South Africa where they were whitewashed in both Test and ODI cricket....

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