News
Cabinet approves issuance of new bonds to replace existing ISBs
The Cabinet of Ministers has approved the issuance of new bonds to replace existing International Sovereign Bonds (ISBs) held by local and international bondholders, senior consultant on Economic Affairs and Finance to President Anura Kumara Dissanayake and Minister of Labour, Professor Anil Jayantha Fernando, announced on Tuesday (26).
Speaking at the post-Cabinet press conference, Professor Fernando said Sri Lanka had reached an agreement with the Ad Hoc Committee of Bondholders and the local consortium of Sri Lankan Bondholders in September 2024.
It had been decided to issue new bonds following an analysis by the Sri Lankan government’s financial advisors, assessing the impact on the economy, the composition of the country’s international sovereign debt, and settlements. That had been done in accordance with the provisions of the International Monetary Fund’s (IMF) Comprehensive Credit Facility and the debt sustainability parameters outlined by the IMF’s Debt Sustainability Analysis (DSA), he said.
Prof. Fernando also noted that the government had reached a final agreement on debt restructuring with members of the Official Creditor Committee (OCC) of major bilateral creditors in June 2024.
According to the IMF’s DSA, Sri Lanka was required to reduce its debt-to-GDP ratio from 128% in 2022 to 95% by 2032. (RK)
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Royal Navy of Oman Vessel “SADH” arrives at Port of Colombo
The Royal Navy of Oman Vessel “SADH” arrived at the Port of Colombo on a logistics replenishment visit on Tuesday (10 Feb 26). The Sri Lanka Navy welcomed the visiting ship in
compliance with naval traditions.
The 75m – long ship is commanded by Lieutenant Commander Shaheen Saud Abdul Rahman AI Balushi.
The port call will facilitate professional interaction and goodwill exchanges between the two navies.
During the stay in Colombo, crew members of the ship are expected to visit some tourist attractions in the city of Colombo.
News
NPP: Speaker won’t step down, CIABOC can investigate him
* New Auditor General should not have been sworn in before Speaker – Opp.
* Suspended House Dy. Sec. Gen. Chaminda Kularatne takes his case to CA today
General Secretary of the National People’s Power (NPP) Dr. Nihal Abeysinghe yesterday said that there was no need for Speaker Dr. Jagath Wickramaratne to step down in view of the complaint lodged against him with the CIABOC (Commission to Investigate Allegations of Bribery or Corruption).
NPP General Secretary said so in response to The Island query whether the parliamentary group of the ruling party discussed the growing Opposition calls for the Speaker, who is also the Chairman of the Constitutional Council, to step down to facilitate the investigation.
The NPP parliamentary group consists of 159 MPs, including 18 National List (NL) members.
NL member Dr. Abeysinghe asked whether any other person, who had been investigated by the CIABOC, stepped down from his or her position to facilitate the inquiry.
The top official emphasised that the CIABOC could go ahead with its investigation without any hindrance.

Chamindra and Dr. Jagath
Opposition sources said that there hadn’t been a similar situation before and the CIABOC investigation into Speaker Dr. Wickramaratne is unprecedented as he heads the 10-member CC responsible and directly involved in all key appointments, including that of members to the CIABOC.
Sources pointed out that the newly appointed Auditor General, Ms. Samudrika Jayaratne, took the oath of secrecy before the Speaker on 5 February in Parliament after suspended Deputy General Secretary of Parliament Chaminda Kularatne complained to CIABOC.
In accordance with Section 9 of the National Audit Act, No. 19 of 2018, Jayaratne took the oath of secrecy in her capacity as the Auditor General of the National Audit Office and Chairperson of the Audit Service Commission.
Sources said that Kularatne would move the Court of Appeal today (10) against his removal at the behest of the Staff Advisory Committee, headed by the Speaker.
By Shamindra Ferdinando
News
Trinco Buddha statue case: All suspects, including 4 monks re-remanded till 11 Feb.
The Trincomalee Magistrate’s Court yesterday (09) further remanded 10 persons, including four Buddhist monks, arrested on 19 January, 2026, for allegedly placing a Buddha statue in the coastal reservation, on 16 January.
The Buddhist monks, including Ven. Balangoda Kassapa Thera, and six other individuals, were further remanded until 11 February.
They have been accused of violating the Coast Conservation Act by placing a Buddha statue on a block of land belonging to the Trincomalee Bodhiraja Temple.
Of the four monks, Ven Balangoda Kassapa Thera and Ven Trincomalee Kalyanawansa Tissa Thera moved the Court of Appeal against the Magistrate’s Court decision. The case was heard on 22 January before a Bench comprising the President of the Court of Appeal, Justice Rohantha Abeysuriya, and Justice K. Priyantha Fernando.
Manohara de Silva, PC, and President’s Counsel Uditha Igalahewa, PC, appearing for the petitioners, urged the Court to take up the matter urgently, describing it as a case of exceptional importance.
However, the Court of Appeal on 3 February dismissed the petitions against the remanding of Ven Balangoda Kassapa Thera and Ven Trincomalee Kalyanawansa Tissa Thera.
The order was issued by the Court of Appeal bench consisting of the President of the Court of Appeal, Justice Rohantha Abesuriya and Justice Priyantha Fernando.
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