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SJB asks for costs, other information about retaining international firms to give financial and legal advice on debt restructuring

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Niroshan

Puttalam District SJB MP Niroshan Perera has asked Finance Minister, President Ranil Wickremesinghe, to reveal fee structure and other details pertaining to the government retaining France-based Lazard as financial advisor and Clifford Chance LLP as legal advisor to support the country on debt restructuring.

MP Perera has referred the question to the Minister of Finance, Economic Stabilization and National Policies and the question is currently listed to be answered on May 08, according to the latest Addendum to the Order Book of Parliament.

The MP calls on Minister of Finance to inform the House whether the Government of Sri Lanka has entered into an agreement to obtain financial consultancy services from M/S Lazards-France company; if so, of the primary obligations of the above company as per the said agreement; and of the amount of money to be paid by the Government of Sri Lanka in terms of the above agreement and the amount paid so far separately in Sri Lankan Rupees and US Dollars.

The MP also demands the Minister of Finance to inform the House whether the Government has entered into an agreement to procure legal consultancy services from M/S Clifford Chance LLP Company; of the primary obligations of the above company as per the said agreement; and of the amount of money to be paid by the Government of Sri Lanka in terms of the above agreement and the amount paid so far separately in Sri Lanka Rupees and US Dollars, and to give reasons to Parliament if not why.

According to Treasury sources the Cabinet of Ministers, at its meeting held on 23 May, 2022, granted approval to award the contract of Legal Advisor to M/s. Clifford Chance LLP to award the contract of Financial Advisor to M/s. Lazard, France for Restructuring of the External Public Debt.  The cabinet has approved a proposal by the then President Gotabaya Rajapaksa to appoint the two.(SI)



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Bus fares increased by 12.19% from midnight today [23]

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Bus fares have been increased by 12.19% with effect from midnight today [23rd March 2026].

The minimum fare will be increased from Rs 27 to Rs 30 while the maximum fare of Rs2159/- will be increased to 2422/-

 

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Public will not be served as Computer system failure at Department of Registration of Persons

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The Acting Commissioner General of Registration of Persons has announced that due to an unexpected failure of the computer system of the Department of Registration of Persons, all services, including the one day service will not be held on Tuesday (24th March) at the Head Office and all Provincial offices.

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Heat Index at Caution Level in the Western, Sabaragamuwa, Southern and North-western provinces and in Anuradhapura, Mannar and Vavuniya districts

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Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre of the Department of Meteorology
at 3.30 p.m. on 22 March 2026, valid for 23 March 2026.

The Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in the Western, Sabaragamuwa, Southern and North-western provinces and in
Anuradhapura, Mannar and Vavuniya districts.

The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.


Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.

ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.

Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491.

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