Results: 32

No dire need of emergency funding in Lanka - Mahendran

No dire need of emergency funding in Lanka - Mahendran

Sri Lanka is in no dire need of emergency funding as the countrys economy fared well in 2015 with reserves on a sound footing, Central Bank Governor Arjuna Mahendran said today. MORE...

January 1, 2016  07:15 am|

Rajitha, Champika and Arjuna ask IGP to probe bribery claims

Rajitha, Champika and Arjuna ask IGP to probe bribery claims

Ministers Champika Ranawaka, Dr Rajitha Seenaratne and Arjuna Ranatunga today requested the Inspector General of Police (IGP) to investigate the allegations made against them by the Chairman of Avant Garde Private Limited, Nissanka Senadhipathi. MORE..

November 24, 2015  01:20 pm|

Sri Lanka holds rates as Mahendran eyes next fiscal budget

Sri Lanka holds rates as Mahendran eyes next fiscal budget

Sri Lankas central bank kept interest rates unchanged for a sixth straight month and Governor Arjuna Mahendran said the government will focus on boosting revenue in its budget due November, the Bloomberg news agency reported today. MORE...

October 20, 2015  11:35 am|

Govt at risk of claims by Chinese port city project - document

Govt at risk of claims by Chinese port city project - document

Sri Lanka would be exposed to the risk of claims from the firm managing a suspended Chinese-backed real estate project if the government fails to obtain approvals needed by the project within 60 days, a government document showed on Thursday. MORE..

September 18, 2015  10:53 am|

Petitions against Rajapaksa, Mahendran and Cabraal withdrawn

Petitions against Rajapaksa, Mahendran and Cabraal withdrawn

The petitions filed with the Colombo Magistrates Court against former President Mahinda Rajapaksa, Governor of the Central Bank Arjuna Mahendran and former CB Governor Ajith Nivard Cabraal have been withdrawn.

August 27, 2015  12:01 pm|

UPDATE: President sacks 13 SLFP CC members

UPDATE: President sacks 13 SLFP CC members

President Maithripala Sirisena has sacked 13 members from the SLFP Central Committee. The President in his capacity as the Chairman of the SLFP has sent a letter to the Elections Commissioner informing him of the removal and a list of the new 25 members of the Central Committee, a source from the Presidential Secretariat said. MORE...

August 17, 2015  05:50 pm|

UPFA will modernise the FCID: Susil

UPFA will modernise the FCID: Susil

Measures will be taken to modernise the Financial Crime Investigation Division (FCID), if the United Peoples Freedom Alliance (UPFA) wins the forthcoming election, former Minister Susil Premajayantha asserted. MORE...

August 13, 2015  05:41 pm|

FR petition filed seeking COPE report made public

FR petition filed seeking COPE report made public

A petition was filed with the Supreme Court today seeking an order for the Committee on Public Enterprises (COPE) sub-committee report on the Central Bank bond issue to be made public. MORE..

July 28, 2015  05:44 pm|

President cancels SLFP memberships of four including Rajitha, Hirunika

President cancels SLFP memberships of four including Rajitha, Hirunika

The President has ordered to cancel the SLFP memberships of Rajitha Senaratne, S.B. Navinna, M.K.D.S. Gunawardene, Arjuna Ranatunga and Hirunika Premachandra, the Presidents Media Unit said in a statement today (28). MORE...

July 28, 2015  02:43 pm|

Enjoining Order against COPE report dissolved

Enjoining Order against COPE report dissolved

The Colombo District Court today dissolved the enjoining order granted earlier preventing the publication of the Committee on Public Enterprises (COPE) sub-committee report on the Central Bank bond issue. MORE..

July 23, 2015  10:21 am|

Court order against publishing COPE report

Court order against publishing COPE report

The Colombo District Court today issued an interim injunction preventing the publishing of the Committee on Public Enterprises (COPE) sub-committee report on the controversial Central Bank bond issue, until July 23. MORE..

July 16, 2015  11:17 am|

Request has been made to sack five SLFPers, says Thilanga

Request has been made to sack five SLFPers, says Thilanga

A request has been made to the Central Committee (CC) of the Sri Lanka Freedom Party (SLFP) to sack five party members who defected from the SLFP and scheduled to contest under the United National Front (UNF) at the forthcoming election, SLFP Media Coordinator Thilanga Sumathipala said. MORE...

July 15, 2015  05:48 pm|

CB Governor seeks overseas loans to reduce debt costs

CB Governor seeks overseas loans to reduce debt costs

Sri Lankan central bank Governor Arjuna Mahendran is seeking concessional overseas loans to refinance costlier debt and reduce reliance on global bond markets. MORE..

June 26, 2015  01:21 pm|

Central Bank clarifies on new Governor, currency notes issue

Central Bank clarifies on new Governor, currency notes issue

The Central Bank of Sri Lanka today clarified on the validity of the appointment of its present governor and controversy surrounding the currency notes issued by the Bank on February 04, in view of frivolous allegations appearing in certain media. MORE..

June 24, 2015  10:22 pm|

Over 100 MPs signed no-confidence motion against PM - Wimal

Over 100 MPs signed no-confidence motion against PM - Wimal

National Freedom Front (NFF) leader Wimal Weerawansa says that the motion of no-confidence against Prime Minister Ranil Wickremesinghe will be submitted today. MORE..

June 3, 2015  06:08 pm|

Unfair to question CB governors citizenship Ranil

Unfair to question CB governors citizenship  Ranil

Prime Minister Ranil Wickremesinghe says that it is unfair to question the citizenship of Central Bank Governor Arjuna Mahendran. MORE..

June 3, 2015  04:34 pm|

No-confidence motion against CB Governor next week- Peiris

No-confidence motion against CB Governor next week- Peiris

The opposition will move a motion of no confidence against Central Bank Governor, Arjuna Mahendran, who is in the spotlight due to the controversy surrounding the treasury bond issue, former Foreign Minister G.L. Peiris said. MORE...

May 14, 2015  04:57 pm|

SC rejects FR against Arjuna Mahendran

SC rejects FR against Arjuna Mahendran

The Supreme Court of Sri Lanka today rejected the Fundamental Rights (FR) petition seeking an independent inquiry into the controversial Central Bank Treasury bond issue and its Governor Arjuna Mahendran. MORE...

May 13, 2015  11:12 am|

No-confidence motion against Ravi next week Bandula

No-confidence motion against Ravi next week  Bandula

Former Minister Bandula Gunawardena says that a motion of no confidence will be submitted in Parliament next week against Finance Minister Ravi Karunanayake, who he claims is responsible for the crises that have befallen the countrys economy. MORE..

May 9, 2015  06:00 pm|

Sri Lanka economy grows 7.4% in 2014: CB Report

Sri Lanka economy grows 7.4% in 2014: CB Report

Sri Lankas economy grew by 7.4% (Agriculture 0.3%, Industry 11.4%, service 6.5%) last year, according to the Annual Report of the Central Bank of Sri Lanka for the year 2014 which was launched today. MORE..

April 30, 2015  11:05 am|

Arjuna Mahendran resumes duty at Central Bank - sources

Arjuna Mahendran resumes duty at Central Bank - sources

Central Bank Governor Arjuna Mahendran has resumed his duties after a more than five-week voluntary leave of absence after being cleared by a panel investigating a controversial government bond auction, according to a Reuters report. MORE..

April 23, 2015  02:15 pm|

Arjuna Mahendran questioned at Bribery Commission

Arjuna Mahendran questioned at Bribery Commission

The Bribery Commission has recorded a statement from the Governor of the Central Bank of Sri Lanka, Arjuna Mahendran. MORE..

April 16, 2015  05:28 pm|

SLFP appoints new members to Central Committee: sources

SLFP appoints new members to Central Committee: sources

Replacing the sacked senior members, the Sri Lanka Freedom Party (SLFP) sources on Monday (13) announced its bid to appoint five new members to the partys Central Committee. MORE...

April 13, 2015  01:11 pm|

BOI recommends criminal prosecution of ex-SriLankan Airlines Chairman & CEO

BOI recommends criminal prosecution of ex-SriLankan Airlines Chairman & CEO

A Board of Inquiry has found shocking details of corruption running into billions of dollars, manipulations of service contracting, recruitment of unqualified staff and major security breaches at the SriLankan Airlines under the former government. MORE..

April 4, 2015  04:08 pm|

Government grants approval to construct breakwater of Colombo Port City

Government grants approval to construct breakwater of Colombo Port City

Sri Lankas cabinet on Wednesday approved the construction of a breakwater for a Chinese funded port city project which had been suspended by the government earlier this month. MORE...

March 19, 2015  03:19 pm|

Arjuna accepts SLFP membership

Arjuna accepts SLFP membership

Democratic National Alliance MP Arjuna Ranatunga says that he has accepted the membership of the Sri Lanka Freedom Party (SLFP). MORE...

March 18, 2015  01:59 pm|

CB Governor to take leave during probe: PM

CB Governor to take leave during probe: PM

Prime Minister Ranil Wickramasinghe on Tuesday (17) informed the Parliament that Central Bank Governor Arjuna Mahendran will be on leave until investigation on the treasury bonds issue is concluded. MORE...

March 17, 2015  03:09 pm|

JVP wants Central Bank Governor to resign

JVP wants Central Bank Governor to resign

The Peoples Liberation Front, popularly known as the Janatha Vimukthi Peramuna (JVP), today called for the resignation of Mr. Arjuna Mahendran as the Governor at Central Bank of Sri Lanka. MORE..

March 10, 2015  03:24 pm|

Sri Lanka keen on Indian investment - CB chief

Sri Lanka keen on Indian investment - CB chief

Signalling potentially closer economic ties with India, Sri Lanka has invited several top Indian companies to invest in major projects in the island nation, particularly for collaborations in the manufacturing sector. MORE...

March 6, 2015  07:15 am|

Arjuna dismayed by delay in punishment

Arjuna dismayed by delay in punishment

Minister of Ports, Shipping and Aviation Arjuna Ranatunga today expressed dismay at the delay in punishing of corrupt officials charged with misconduct under the previous regime. MORE..

February 20, 2015  11:35 am|

State Minister Faizer Mustapha resigns

State Minister Faizer Mustapha resigns

Parliamentarian Faizer Mustapha has tendered his resignation as State Minister of Aviation, this morning. Mustapha told Ada Derana, however, he will continue to support the President Maithripala Sirisena though he resigned from the ministerial portfolio. MORE...

February 9, 2015  01:00 pm|

State Minister Faizer Mustapha resigns?

State Minister Faizer Mustapha resigns?

Parliamentarian Faizer Mustapha has tendered his resignation as State Minister of Aviation and has flown overseas, this afternoon, a source close to the Government said.

February 1, 2015  03:09 pm|

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