CBSL says Financial stability is essential for prosperity and sustainability

Financial stability is a necessary condition for achieving prosperity and sustainable growth in the country the Governor of the Central bank of Sri Lanka Dr. Indrajit Coomaraswamy said yesterday.

He also pointed out that constructive and effective relationships between the prudent supervisors and audit regulators can enhance financial sector supervisions Speaking …read more

SL bidder for EAP Group chastises CBSL Over negotiation process

A Sri Lankan bidder, for the failing EAP Group, has complained, to the Governor of the Central Bank Dr. Indrajit Coomaraswamy, that the bidding process to acquire these properties is ‘opaque’ and does not follow the spirit of transparency and good governance.

According to information received by Ceylon Today, the local …read more

Sagala Says Bus Fire Due To A Grenade Explosion: “It Might Have Been In The Bag Of A Passenger”

Law and Order Minister Sagala Ratnayaka informed Parliament that the fire erupted in a bus at Diyatalawa, this morning, was due to a Grenade explosion. 

“It might have been in the bag of a passenger,” Ratnayaka said. 

He said the law enforcement authorities were conducting further investigations into the incident. 

Nineteen passengers including …read more

First draft of National Sustainability Dialogue presented to President


The first draft of National Sustainability Dialogue was presented to President Maithripala Sirisena today (Feb 20) at the Presidential secretariat. The Dialogue is drafted in order to list out the sustainable development targets to be achieved by Sri Lanka in economic, social and environmental spheres by the year 2030.

The Draft, …read more

Non-renewal of MoU Unity Govt cannot continue – Opposition

The Opposition yesterday (20) stressed in Parliament that since the consensual Government has not renewed its Memorandum of Understanding (MoU), all MPs in excess of 30 holding Cabinet portfolios are illegal. As a result of that, the Government does not hold the power to rule the country, they claimed. The …read more

CBSL opposes govt. move to set up hybrid company

Controversial National Payment Platform revived:

Many an eyebrow has been raised by a government move to set up a hybrid company as part of the controversial National Payment Platform (NPP) to facilitate ‘single button transactions’.

Central Bank Governor Dr. Indrajith Coomaraswamy has written to E. M. S. B. Ekanayake, Secretary to Prime …read more

Exclusive footage of bus explosion in Diyathalawa

The initial investigations revealed that the cause of the fire which took place on a private bus in Kahagolla, Diyathalawa was a hand grenade explosion. The hand grenade may have hidden inside a bag of a commuter, the investigators believe. However,… Read More …read more

Initial investigations reveal grenade caused explosion in bus

Initial investigations conducted on the explosion and fire which destroyed a passenger bus today revealed that a grenade had caused the explosion, Law and Order Minister Sagala Ratnayake said. He told Parliament that the grenade had reportedly been in the bag of a passenger on the bus. A minor explosion and …read more

Cabinet reshuffle within this week – Minister Rajitha

Co-Cabinet Spokesperson Minister Dr. Rajitha Senaratne says the proposed cabinet reshuffle could be implemented this week. The Minister said a cabinet reshuffle is not an easy one and it needs time. Dr. Senaratne said this addressing the weekly cabinet… Read More …read more

Progress review meeting of Ministry of Mahaweli Development and Environment held under the patronage of President

The Progress Review Meeting to examine the progress of the projects and of future development plans conducted under the Ministry of Mahaweli Development and Environment was held under the patronage of the President Maithripala Sirisena today (Feb 21) at the auditorium of Ministry of Mahaweli Development.

Detailed discussions were held regarding …read more

Partners in unity Government confirm they have not divorced

The two main partners in the unity Government confirmed today they have not divorced. The United National Party (UNP) and the United People’s Freedom Alliance (UPFA) informed Parliament that the agreement reached between both sides in 2015 is still valid. Prime Minister Ranil Wickremesinghe said that the agreement is continuing legally …read more

Mashrafe urged to make T20 comeback

Bangladesh would welcome former captain Mashrafe Mortaza back into the national Twenty20 side if he decides to come out of retirement, cricket board president Nazmul Hasan said on Tuesday. The 34-year-old fast bowler announced his retirement from international T20s in February last year but continued to lead Bangladesh in one-day internationals. Bangladesh have failed …read more

Brig. Priyanka Fernando recalled

Brig. Priyanka Fernando recalled The Defence Attaché of Sri Lanka High Commission in London, Brigadier Priyanka Fernando has been recalled. Speaking at the weekly cabinet media briefing, Military Spokesperson Brig. Sumith Atapattu said he… Read More …read more

Dust storm blankets Australian town causing minor damage

An Australian town has been hit by a dust storm that covered the outback community in orange dust. The storm swept through Charleville in south-west Queensland on Tuesday, knocking down trees and causing minor damage. The scene prompted many residents to post photos and videos on social media. Authorities said …read more

Speaker to make special statement in response to Anura’s query

JVP Leader and Chief Whip of the Opposition Parliamentarian Anura Dissanayake raised a point of order in Parliament yesterday (20th) stating having ministerial portfolios for more than 30 members was illegal as the ‘unity’ Government has not renewed its Memorandum of Understanding (MoU), He said, as a result, the present …read more

No increase in Gas cylinder prices without comprehensive inquiry – CAA

Chairman of Consumer Affairs (CAA) Authority Hasitha Thilakaratne says that although several companies request for a price hike, the CAA will only increase prices after a comprehensive inquiry, and after approval is granted from the cabinet subcommittee on cost of living. MORE… …read more

Train drivers threaten to strike

Locomotive Engineering Operators Union says they would launch an island-wide strike if actions are not taken to arrest those who pelted stones at the Colombo bound Night Mail train at Trincomalee last night (Feb. 20). The LEOU secretary Indika Dodangoda… Read More …read more

The Importance of Being Asma

 For a couple of years, Mohammed Hanif followed Asma Jahangir on her annual fact-finding missions to Balochistan. by Mohammed Hanif and Hasan Zaidi Courtesy: ( February 21, […] …read more

Reason for Diyathalawa bus explosion found

Initial investigations conducted by police have revealed that the fire that engulfed a bus at Kahagolla in Diyathalawa was caused by a hand grenade explosion inside the bus. However, a senior police officer said that it could only be confirmed after… Read More …read more

Sarvodaya Finance joins LankaPay Common ATM Network

Making yet another momentous milestone in their journey towards fostering an economically progressive society; living with dignity, Sarvodaya Development Finance joined LankaPay Common ATM Network via LankaPay hosted solution, which consists of LankaPay Shared ATM Switch (SAS) and LankaPay Card Management System (CMS) with state-of-the-art technology. Sarvodaya Development Finance is …read more