Headline
The week’s headline topic dissected and analysed. We follow the story, not the noise.
Sri Lanka’s credit score is back to where it was in 2020, before the fallout from covid-19 and the economic crisis. But the benefits of the credit rating upgrade may be cancelled out by high oil prices and global interest rates.
The Easter Bombings trial started in 2021. When the judgement was finally read-out this week over a 15-hour court day, nine were acquitted and 15 found guilty. The judges were careful to distinguish between committing a crime and merely being close to its perpetrators.
With Hormuz unlikely to open this year, alternate pipelines under attack, and the Bab-el-Mandeb Strait newly closed to Saudi oil tankers, global oil prices have spiked. In Sri Lanka, the energy minister signals potential price hikes at the pump.
When a military intelligence corporal got information from Tamil Nadu intelligence that Mohamed Zahran killed two policemen five months before the Easter Bombings, he said his superior asked him to look away. An ex-military intelligence director denies allegations made to the police.
The first ever Indo-Lanka defence cooperation agreement was signed last year. Now the Indian defence minister is in town. The foreign minister told The Examiner that reviewing the agreement or its implementation wasn’t on the agenda. No joint statement was released during the visit.
Lawyers argued extending judges' terms requires a referendum and a full bench. They also think the Chief Justice should have recused himself, and called for more senior judges on the bench. The Attorney-General said they “failed to explain how the amendment impinges on the people’s sovereignty.”
Jiffry Mohamed transferred $716 million from Lankan banks claiming they were payments for imports. But Police found there were no imports. They linked 105 dummy companies to Mohamed, along with over 200 bank accounts.