April 20, 2024 5:36 pm
Results: 32
No dire need of emergency funding in Lanka - Mahendran
Sri Lanka is in no dire need of emergency funding as the country’s economy fared well in 2015 with reserves on a sound footing, Central Bank Governor Arjuna Mahendran said today. MORE...
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..
Sri Lanka holds rates as Mahendran eyes next fiscal budget
Sri Lanka’s 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...
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..
Petitions against Rajapaksa, Mahendran and Cabraal withdrawn
The petitions filed with the Colombo Magistrate’s Court against former President Mahinda Rajapaksa, Governor of the Central Bank Arjuna Mahendran and former CB Governor Ajith Nivard Cabraal have been withdrawn.
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...
UPFA will modernise the FCID: Susil
Measures will be taken to modernise the Financial Crime Investigation Division (FCID), if the United People’s Freedom Alliance (UPFA) wins the forthcoming election, former Minister Susil Premajayantha asserted. MORE...
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..
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 President’s Media Unit said in a statement today (28). MORE...
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..
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..
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...
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..
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..
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..
Unfair to question CB governor’s citizenship – Ranil
Prime Minister Ranil Wickremesinghe says that it is unfair to question the citizenship of Central Bank Governor Arjuna Mahendran. MORE..
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...
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 it’s Governor Arjuna Mahendran. MORE...
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 country’s economy. MORE..
Sri Lanka economy grows 7.4% in 2014: CB Report
Sri Lanka’s 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..
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..
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..
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 party’s Central Committee. MORE...
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..
Government grants approval to construct breakwater of Colombo Port City
Sri Lanka’s 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...
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...
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...
JVP wants Central Bank Governor to resign
The People’s 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..
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...
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..
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...
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.