Moody's Investors Service urged the Sri Lankan government to improve its tax efficiency in order to increase the tax revenue/ GDP ratio, highlighting the country's ongong credit challenges of high general government debt, very low debt affordability and large borrowing requirements. 

In a statement published on Friday, Moody's said: 

Kuwait is to provide financial assistance to Sri Lanka for a number of projects, Colombo Page. 

The projects include a mushroom cultivation project, the government's Information Department was reported as saying. 

The World Health Organization is to grant US$ 34,589 to promote mushroom cultivation and to provide school bags and stationeries to children in the North, the paper added. 

The TNA's spokesperson, M A Sumanthiran told the Daily Mirror this week the party was "disappointed that many of the things that should have been done and completed are being dragged on."

"The Government does not seem to have political will to meet the promises it made in their entirety," he said. 

The US is considering adopting sanctions against Chinese firms for the nation’s failure to take a harder stance on North Korea, reports ABC news.

The timing and scope of the sanctions would depend on how China responds to calls for tougher steps against North Korea.

US officials are set to meet Chinese officials for a high-level economic dialogue in Washington on Wednesday according to US officials.

The families of political prisoners held without charge or trial are preparing to hunger strike if their imprisoned relatives are not released.

The damning findings of a UN Special Rapporteur report on Sri Lanka, which criticised the lack of progress on accountability and routine torture on the island, “must serve as a catalyst for wholesale changes” said Amnesty International.

Responding to the preliminary findings of Ben Emmerson, the United Nations Special Rapporteur on human rights and counter-terrorism on Friday, David Griffiths, Amnesty International’s Senior Advisor on South Asia, said Sri Lanka must make changes.

Sri Lanka's justice minister, Wijedasa Rajapaksha rejected the statement made by the UN Special Rapporteur on human rights and counter-terrorism on Friday, accusing him of dictating to the country. 

In a rebuke to Mr Emmerson criticism of the government's for failing to repeal the Prevention of Terrorism Act despite promising to do so, Sri Lanka's justice minister was quoted by Reuters as saying it needed more time to deal with the abuses. 

Sri Lanka’s former Navy Spokesperson Commodore D K P Dassanayake has been remanded after being arrested by the Criminal Investigation Department ( CID) in connection with the disappearance of 11 Tamil youth.

Dasanayake was arrested on Wednesday and accused of aiding the abduction and enforced disappearances of the youths from 2008-2009.

The Colombo Fort Magistrate’s Court granted Commodore Dassanayake bail until July 19. He is currently reported to be hospitalised due to deteriorating health issues. 

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The Sri Lankan government has done “almost nothing” to hold human rights violators in the military to account said Ben Emmerson, the United Nations Special Rapporteur on human rights and counter-terrorism on Friday, warning it was laying down conditions that may “reignite conflict”.

In a press release at the end of a five-day visit to the island, Mr Emmerson criticised the Sri Lankan government for its failure to implement a UN Human Rights Council resolution that it co-sponsored in 2015 and was quoted by Reuters as saying, 'Sri Lanka could face a range of measures, including a referral to the UN Security Council, if it fails to meet commitments it made under a 2015 UN resolution.'

A United Nations (UN) committee called on Sri Lanka’s military to end its involvement in commercial or civilian activities and begin returning appropriated private lands. 

The UN Committee for Economic, Social and Cultural Rights (UNCESCR) concluding observations on the fifth periodic report review on Sri Lanka, released in June, expressed concern that “the military still controls substantial areas of private and public land in the North and East of the country and continues to engage in commercial activities, including farming, tourism, coffee shops and hotels.”