Today’s News Digest: Your go-to summary of the key events and headlines that shaped the day. From major developments to breaking news, we bring you everything that happened today, all in one quick and easy read.
Electricity Amendment Bill clauses deemed unconstitutional
Sri Lanka’s Supreme Court ruled several clauses in the Electricity (Amendment) Bill violate the constitution, citing concerns over potential overreach and lack of checks and balances. The court urged Parliament to revise these sections before proceeding.
Colombo Stock Exchange marks new record high
The Colombo Stock Exchange recorded its best-ever single-day performance today, driven by strong gains in financial, energy, and tech sectors. Market analysts cite rising investor confidence and improved macroeconomic indicators as key drivers.
Former Minister Lakshman Yapa indicted on corruption charges
Corruption indictments have been served to former minister Lakshman Yapa Abeywardena, accusing him of misuse of office and financial misconduct. The case is now before the Colombo High Court.
Parate Law grace period expires for loans over Rs. 50 million
As of midnight today, businesses with loans exceeding Rs. 50 million lose protective grace under the Parate Execution Law. SMEs with loans between Rs. 25 million and Rs. 50 million retain a reprieve until September 30 under Central Bank guidelines.
Chemmani Mass Grave yields 33 skeletal remains
Investigators exhumed 33 skeletal remains at the Chemmani mass grave in Jaffna, discovered during recent excavations. Forensic teams are working to identify victims and determine the circumstances surrounding their deaths.
