Gotabaya Rajapaksa has officially stepped down as the President of Sri Lanka effective from July 14, 2022, giving into the months-long nationwide public protests against the government s mishandling of the economy.

By Saman Indrajith Samagi Jana Balawegaya (SJB) will back Sri Lanka Freedom Party’s (SLFP) No Confidence Motion (NCM) against Prime Minister Ranil Wickremesinghe, SJB MP Hector Appuharmy said yesterday. Speaking to journalists in Colombo, MP Appuharmy said removing Wickremesinghe is the need of the hour. “No confidence motion against the Prime Minister will reveal whether […]

Rajapaksa finally resigns after over 3 month protest

Saudi flight believed to be carrying Sri Lanka s beleaguered President Gotabaya Rajapaksa arrived in Singapore from the Maldives on Thursday, amidst the uncertainty over his final destination after he fled the country in the face of public revolt against his government s mishandling of the economy.

By Lynn Ockersz It should be of considerable interest to commentators on the inter-state politics of South Asia that ‘terrorism’ and radicalization’ should figure prominently among the topics of deliberation of the Colombo Security Conclave; a grouping comprising India, the Maldives, Mauritius and Sri Lanka. The latest round of discussions of the Conclave was held […]

Sathosa Motors PLC Positioned at the forefront of the commercial vehicle industry segment, Sathosa Motors (SML) PLC celebrates its glorious 60th anniversary in 2022, coinciding with its 60th year of partnership with Isuzu Japan since 1962, the most trusted Japanese truck brand and the market leader in the Japanese commercial truck segment in Sri Lanka. […]

India on Wednesday categorically denied Âbaseless and speculative media reports that it facilitated the travel of Sri Lankan President Gotabaya Rajapaksa who fled to the Maldives on a military jet in the face of a public revolt against his government for mishandling the country s economy.

ECONOMYNEXT – Sri Lanka activists have sought a travel ban on ex-Sri Lanka Prime Minister Mahinda Rajapaksa, Basil Rajapaksa, Central Bank Governors W D Lakshman and Cabraal and Treasury Secretary Sajith Attygalle.Chandra Jayaratne a former Chairman of Sri Lanka’s Chamber of Commerce, along with Transparency International and some citizens had earlier petitioned the Supreme Court sayin...

An efficient mechanism is required to guarantee that disclosures made at parliamentary watchdog committees on the basis of Auditor General’s reports are used to further investigate and prosecute wrongdoers. AG’s reports and observations made by watchdog committees underscore the failure on the part of the Parliament to take effective and punitive measures to curb waste, […]

by Dr. Justice Chandradasa Nanayakkara Buddha Dhamma does not seek to propagate any political ideology. Its primary purpose is the liberation of individuals from pervasive suffering, as enunciated in the Four Noble Truths. The Buddha saw all beings in the universe being born, living, dying and being reborn over and over again without end, all […]

Chinese Foreign Ministry Spokesperson Wang Wenbin has told Monday’s (11) regular, media briefing all stakeholders could bear in mind their fundamental interests. Responding to a Bloomberg query on the situation in Sri Lanka the day after protesters took control of the President’s House, Presidential Secretariat and Temple Trees, Wenbin said: “China is closely following the […]

BY Fr J.C. PIERIS SJ Dr Bilesha Weeraratne said in The Island of 08/07/22: “The decision by the Cabinet to partially lift the Family Background Report (FBR) requirement for female migrants is long overdue and a welcome move to promote female labour migration from Sri Lanka.” I am against not only the lifting of the […]

An eye witness piece by Economy Next reporters who share what they saw in July 9 Sri Lankan revolution.

Many Rajapaksa family members have gone hiding and whereabouts are unknown since July 9.

By Eng. Thushara Dissanayake The country is in a deep economic crisis to which everyone equally contributed. We, as citizens, have consumed beyond our capacities prompted by the economic mismanagement of the leaders. The higher officials and advisors either misled those leaders or humbly remained without being at odds. In terms of investments, the government […]

Tuesday 12th July, 2022 Sri Lanka found itself on the verge of a bloodbath on 09 May in the aftermath of a savage goon attack the loyalists of Mahinda Rajapaksa carried out on the Galle Face protesters. The spate of counter-violence fizzled out after a day or two although it was expected to last longer. […]

By Jehan Perera There is an anxious calm after the unprecedented events of July 9.  The Presidential Secretariat, President’s House and Temple Trees, which contain both the prime minister’s official office and residence, are in the hands of the people rather than the rulers.  The Aragalaya protesters who occupy these buildings of state coexist in […]

By Hiran H.Senewiratne The government should expedite implementation of reforms relating to State Owned Enterprises (SOEs). However, the Central Bank is already implementing monetary policies to put the economy on the right track, CBSL Governor Dr. Nandalal Weerasinghe said. “The Central Bank

ECONOMYNEXT – Sri Lanka has announced a suspension only on foreign debt and rupee securities are not part of the re-structuring, Central Bank Governor Nandalal Weerasinghe said amid concerns that a rupee securities will be subject to a second nominal hair cut.Unlike dollar denominated debt, rupee securitieshad already suffered a severe haircut when the rupee fell from 200 to 360 to the US do...