South Korean MPs have impeached President Yoon Suk Yeol as thousands of protesters on the streets of Seoul cheer the result.Yoon will be suspended while the prime minister will serve as acting president. The constitutional court now has six months to rule on the impeachment.A total of 204 MPs approv...

COLOMBO (News 1st): Yesterday, the Ministry of Finance announced the expiration of its Consent Solicitation and Exchange Offer for its International Sovereign Bonds (ISBs). The Ministry says that the overwhelming response from market participants, with a participation rate approaching 98%, repr...

A defiant South Korean President Yoon Suk Yeol faces a second impeachment vote on Saturday over his short-lived attempt to impose martial law, a move that shocked the country, split his party and imperilled his presidency half way through his term.His move to impose military rule on Dec. 3 was resci...

COLOMBO (News 1st): The All Share Price Index (ASPI) of the Colombo Stock Exchange recorded an all-time high, closing at 14,205.34 points.The ASPI increased by 169.53 points, surpassing yesterday’s record of 14,035.81 points.The S&P SL20 was recorded at 4,244.45 points. According to the CSE...

COLOMBO (News 1st): Acting Director of Legislative Services and Director of Communications of Parliament Jayalath Perera said that the process of re-checking and updating the information of all Members of Parliament on the Parliament website is currently underway.In the statement, Parliament clarifi...