President declares wide range of public services as essential

President Gotabaya Rajapaksa has declared a wide range of public services as essential services, as trade unions are bracing for a strike demanding the cancellation of an agreement with a US company on the sale of 40 percent of the shares of the Yugadanavi power plant at Kerwalapitiya.
















Moody’s further downgrades Sri Lanka to Caa2

Moody’s Investors Service has today downgraded the Government of Sri Lanka’s long-term foreign currency issuer and senior unsecured debt ratings to Caa2 from Caa1 under review for downgrade, concluding a review for downgrade initiated on July 19, 2021.