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Bond Scam ii?: CBSL opposes govt move to set up hybrid company

Feb 21 (Island) Many an eyebrow has been raised by a govt move to set up a hybrid company as part of the controversial National Payment Platform (NPP) to facilitate single button transactions. CB Governor Dr. Indrajith Coomaraswamy has written to E.M.S.B. Ekanayake, Secretary to PM Ranil Wickremesinghe, that there is no need for setting up a separate hybrid company to handle clearing of retail payments. more..

Maharagama UC: Independent group rejects claims of resigning

Feb 21 (DM) Seven councilors of the Independent Group, which contested from the motor-bicycle symbol for the Maharagama Urban Council, said today that they would not resign as Councillors. Seven Councillors out of the 25 elected from the Independent Group 2 for the Maharagama UC informed the Elections Commission today in writing that any document submitted by a third party to the Elections Commission or Returning Officer except from them were fake and illegal. more..

First draft of National Sustainability Dialogue presented to President

Feb 21 (PSL) The first draft of National Sustainability Dialogue was presented to President Sirisena today (20) at the Presidential secretariat. 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, formulated by the 2030 Sustainability Vision Experts Committee, was presented by Prof Mohan Munasinghe and other members of the experts committee, more..

Non-renewal of MoU: Unity Govt cannot continue: Opposition

Feb 21 (CT) The Opposition yesterday stressed in Parliament that since the consensual Govt has not renewed its MoU, all MPs in excess of 30 holding Cabinet portfolios are illegal. As a result of that, the Govt does not hold the power to rule the country, they claimed. The validity of the current Govt was brought into question once again when JVP Leader Anura Kumara Dissanayake raised a point of order. more..

SLRC’s Reconciliation Channel launched

Feb 21 (DN) The Reconciliation Channel, a new Tamil language channel under the Sri Lanka Rupavahini Corporation (SLRC) was launched yesterday, presided over by President Sirisena. This new channel was launched to promote the govt’s reconciliation programme and it will have programmes catering to Tamil speaking people and showcase items that reflect their religious, national and cultural identities. Ministers Mangala Samaraweera and Mano Ganesan, more..

Lanka Army enlists 11 former LTTE members

Feb 21 (PTI) At least 50 northern Tamil youth, including 11 former LTTE members, have been enlisted to serve the Sri Lanka Army s volunteer force. They will not be wearing the military uniforms but would be entitled to pension and other related benefits, military spokesman Brigadier Sumith Atapattu said, adding that they will be deployed for agricultural work carried out by the Army. Among the recruits are 11 former LTTE members who had undergone rehabilitation. more..

Witness says Karunajeewa gave Rs. 30 MN cheque to be encashed

Feb 21 (DN) Rohan Iriyagolla yesterday told Colombo High Court that Indika Karunajeewa, a companion of Namal Rajapaksa gave him a cheque worth Rs. 30 million to be encashed and deposited in a bank account of Iriyagolla’s company. Witness Iriyagolla was testifying in a case filed against MP Namal Rajapaksa and five others under the Money Laundering Act. Rohan Iriyagolla, chairman of Boston Capital Pvt Ltd made more..

ACMC calls for stability amid post-poll upheaval

Feb 21 (FT) Riding on its latest electoral victory at the recent LG polls, the ACMC has called for political stability within the Govt while strongly denouncing the Mixed Electoral System (MES) used in the polls. “We call for our two leaders to unite for a stable govt,” said the Leader of the ACMC, Minister Rishad Bathiudeen said. “Mixed Electoral System has been used for the first time at the recent local elections. ACMC believes that the MES has been introduced to favour the two major parties more..

Mendis was used as opener for tactical reasons: Samaraweera

Feb 21 (Island) Sri Lanka’s Batting Coach Tilan Samaraweera shedding light into the decision to open the batting with young Kusal Mendis during the just concluded tour of Bangladesh said that it was more a tactical decision and wasn’t sure whether Sri Lanka would stick to the same strategy moving forward. The 23-year-old, who was dropped for the tour of India, was making a comeback in Bangladesh and there were concerns when the added responsibility was thrust upon him. more..

Sri Lankan bidder for EAP Group chastises: CBSL Over negotiation process

Feb 21 (CT) A SL bidder, for the failing EAP Group, has complained, to the Governor of the CB Dr. Indrajit Coomaraswamy, that the bidding process to acquire these properties is opaque and does not follow the spirit of transparency and good governance. The local company, Shri Krishna Investments, has submitted a bid of US$ 61 million for the assets which include Edirisinghe family's (former owners of EAP) more..

Racist hoax letter asks locals to host SL family during Commonwealth Games

Feb 21 (9N) Queensland Police is investigating a racist hoax letter which asks locals to take part in a multicultural home-sharing scheme during the upcoming Commonwealth Games on the Gold Coast. The letter, which appears to be printed on Gold Coast Commonwealth Games letterhead and signed under the name of chairman Peter Beattie, notifies one resident they have been selected to host a SL family during the event under the United by the moment, share your home plan. more..

Harassing tribal woman: Lankan held in Andhra Pradesh

Feb 21 (CT) Two men, including a Sri Lankan national, were arrested on 18 February, by the Visakhapatnam Rural Police, for allegedly sexually harassing a tribal woman. The suspects and the victim had worked in a private firm at Brandix India Apparel City, Atchutapuram SEZ area in Vizag. The arrested have been identified as the firm's general manager Dileep Pinto (55) and senior executive officer Malla Shyam Sundar (30), who is from Sri Lanka. more..

Speaker to rule on National Govt today

Feb 21 (FT) Speaker of Parliament Karu Jayasuriya told Parliament he will issue a special statement today regarding the agreement between the UNP and the SLFP on the term of the national unity govt. He made this statement in response to a query raised by JVP MP Anura Kumara Dissanayake and a group of MPs of the JO. MP Anura Kumara Dissanayake said the several MPs, including Dinesh Gunawardena, raised more..

DFCC Bank records impressive performance

Feb 21 (DN) DFCC Bank continued to demonstrate positive momentum across businesses in 2017 as a rapidly growing commercial bank completing its second year after the amalgamation. Despite a backdrop of higher taxes, volatile interest rates, tight margins and intensifying competition, the Bank closed the financial year ended 31st Dec 2017 with a profit before tax of LKR 5,792 million a growth of 31% and profit after tax of LKR 4,415 million a growth of 34% over yr ended 31st Dec 2016. more..

Aping other cricket nations

Feb 21 (DN) In the past week or so there has been news making the rounds that Sri Lanka Cricket is planning to hold a Lanka Premier League (LPL) on the same lines as the Indian Premier League (IPL) and similar to tournaments that are hosted by other Test playing nations across the world. Before pitching headlong into holding one, SLC must first sit back and think what benefits this type of tournament would bring to the game, to the country and its cricket. more..

Economy underpins political loss: Dr. Sally

Feb 21 (FT) Respected economist Dr. Razeen Sally stayed true to his usual straight-talking style, criticising main political parties for misjudged appointments and slow reform implementation as root causes for the dismal LG results, warning that unless the current drifting of the Govt was reversed, little would stand in the way of the previous administration’s return. Delivering a talk titled Economic takeoff & young professionals, more..

‘Auditors can contribute to financial stability’

Feb 21 (DN) Constructive and effective relationships between the prudent supervisors and audit regulators can enhance financial sector supervision, says CB Governor Dr. Indrajit Coomaraswamy. He was speaking at the 12th Int'l Forum of Independent Audit Regulators, in Colombo. 3-day forum is hosted by SL Accounting & Auditing Standards Monitoring Board. “We also believe that such a regulation process helps audit professionals to achieve full potential of its role in the financial market.” more..

Video: One injured in shooting at Cotta Road

Feb 21 (AD) One person has been injured and hospitalised following a shooting incident near the railway crossing on Cotta Road in Borella, Police Spokesman said. Two unidentified individuals who arrived on a motorcycle had opened fire at a car near the railway crossing on Cotta Road at around 6.35pm today (20) and then fled the scene. The driver of the car, a 32-year-old man from Kotahena, had sustained injuries in the shooting and has been admitted to the Colombo National Hospital. more..

Law Prof. gives legal lesson to President on sacking PM

Feb 21 (Island) SLPP Chairman Prof. G.L Peiris said President Maithripala Sirisena had no need to wait till the Supreme Court interpreted the provisions of the 19th Amendment on his powers to sack the PM Ranil Wickremesinghe. Prof. Pieris told the media that President Sirisena had not consulted the Supreme Court when he sacked the then PM D. M. Jayaratne to appoint Wickremesinghe the PM in January 2015 more..

Sampath Bank’s profit-after-tax tops Rs. 12bn

Feb 21 (Island) Sampath Bank posted a Profit After Tax (PAT) of Rs 12.1 bn for the year ended 31st Dec 2017, an impressive 32.7% YoY growth compared to Rs 9.1 bn recorded in the previous year. Similarly, Profit Before Tax (PBT) too grew by 31.8% YoY to reach Rs 16.6 bn for the period under review, as against the Rs 12.6 bn reported for the previous year. Meanwhile, the Group, which comprises of the Bank and four fully-owned subsidiary companies, also posted a growth more..

Dilruwan: living his father’s dream

Feb 21 (ST) When his father met with a tragic death at a dinner organized to mark Panadura SC’s promotion to division I, Dilruwan Perera, then a 15-year-old cricketer, felt his world crashing down on him. Dilruwan had just helped the team win the Division II title and also attended the celebratory function organized by the club. But jubilation quickly turned into a family tragedy when his father drowned in the swimming pool. While it was heartbreaking, the boy vowed to live his father’s dream more..

Seats for NOCSL hots up

Feb 21 (DN) The three-day sprint for the National Olympic Committee election heated up with the two main parties headed by the respective presidential candidates Anthony Rohan Harsha Fernando and Suresh Subramaniam seeking a majority power from the affiliated members at the February 23 election to govern the NOCSL for the next four years. The number of member votes (33) included two votes by more..

SL e-waste management company partners Belgian hybrid-battery recycling company

Feb 21 (Island) Green Links Lanka, Sri Lanka’s electronic waste management company was appointed by the Umicore Battery Recycling Company in Belgium as the authorized supplier in Sri Lanka of used Hybrid/EV vehicle batteries to Umicore Company. An MOU was signed to this effect between Nalin Gunaratne, Managing Director Green Links Lanka and Ghislain Van Damme Global Commercial & Sourcing Manager, Umicore Battery Recycling Company in Hoboken, Belgium. more..

Injured Shehan Madushanka in doubt for Nidahas Trophy

Feb 21 (CI) Fast bowler Shehan Madushanka is in doubt for the forthcoming Nidahas Trophy, after sustaining a hamstring injury during Sunday night's T20 win over Bangladesh. Madushanka is yet to undergo an MRI scan, after which the severity of the injury may be determined. As the Nidahas trophy - a T20I tri-series involving India and Bangladesh - begins on March 6, there is no guarantee he will be fit in time even if it turns out to be a minor strain. Madushanka has played only 3 ODI matches more..

From Palmyrah to Paper: Art of Ola leaf book

Feb 21 (Roar) Written records were always considered a good method of preserving knowledge for the benefit of future generations. The earliest historical records could be found inscribed on material such as clay, metal tablets, and stone. With languages becoming more developed and complex as time went on, our ancestors realised that a more convenient medium was needed for written records. more..

Editorial: A strange creature - II

Feb 21 (Island) Joint Opposition (JO) has claimed President Maithripala Sirisena is helping Ranil Wickremesinghe remain as the Prime Minister. Sirisena and Wickremesinghe have a symbiotic relationship; their unity govt is like a blind man carrying a cripple on his shoulders. As for the President, between saying and doing many a pair of shoes is worn out. He is known for unsaying what he says, in next to no time, without batting an eyelid. This is true of most politicians. more..

Bid to bring in New Constitution in the balance

Feb 21 (Island) Yahapalana leaders as well as those who had furiously campaigned to thwart war-winning president Mahinda Rajapaksa securing a third term at the Jan. 2015 presidential polls, attributed the humiliating defeat suffered by the Sirisena-Wickremesinghe coalition at Feb. 10, 2018 countrywide LG polls, to its failure to honour pledges made at the 2015 presidential and parliamentary polls. Co-convenor of the Purawesi Balaya, Gamini Viyangoda, asserted that the ruling coalition more..

Wimal Weerawansa

Way forward for January 8

Feb 21 (DN) The local govt elections being over, the focus has shifted to Parliament where moves have been underway to reconstitute the govt. Now a govt makeover, reconstitution or reformation is a desirable exercise, given the public dissatisfaction overall, regarding the govt’s performance at present. The main Sinhala opposition and its political vehicle the SLPP had a higher than expected public response as the election results demonstrate, providing a wake-up call to the coalition govt more..

In the name of the mother tongue

Feb 21 (DN) We are celebrating the International Mother Language Day, on February 21st. Our Mother Language creates and identity for us, giving us a sense of belonging, but at the same time it erects a barrier around us, keeping those who are using their own Mother Tongue away from us. The language identity alienates others living in the same geographically or politically identified region, where International Mother Language Day has to be celebrated separately by each group. more..

Latin mass: A rare musical and devotional experience

Feb 21 (SO) Schubert’s Mass in G major D 167 is one of the most popular of the three short Masses he composed. He started composing this Mass on March 2,1815 and within a few days, by March 7, he had completed it. However, it was first scored for string orchestra and organ continuo and was not published till 1846, well after his death. A later discovery of the score shows a few changes as well as an expansion of more..

Politicians please step aside & let the civilians untainted by rackets & racism ....

Feb 21 (CT) Sadly, our island has in the recent past slid into a flat spin space, wallowing in hatred and revenge, and fear and greed, and a lot of negative energy is dragging our island’s spirit and potential down. It is a real shame that our elected national leaders cannot see the wood from the trees. The people of this country wants goodness to return to our island and for us all to live peacefully and respectfully of each other, and mindful of the sensitivities of each culture, more..

Mental Health and Stigma in Sri Lanka

Feb 21 (GV) Sri Lanka as a nation has come a long way from the days of Veerapuran Appu and Gongaale Godabanda. Wars have been fought, peace has been achieved, at least theoretically and we continue to be the resilient island we always were. However there are still issues that are pushed under the carpet, and mental health is one of them. The dictionary definition of mental health does not fully take into account the impact of societal norms, cultural concepts, personal biases and . more..

Gota is Lankan Putin: Gammanpila

Feb 21 (CT) Leader of PHU Udaya Gammanpila says that when the JO told the President that they would not accept ministerial posts in the new govt, he had asked them to at least take over the post of Speaker. "We agreed to have an internal discussion and arrive at a verdict soon," he stated. Q: So all of you were saved because of Mahinda? A: Most definitely, yes! The leader should be a blessing to the team. more..

MMDA: Groping in the dark?

Feb 21 (GV) Long-awaited report by Justice Saleem Marsoof committee that was set up to consider and propose reforms to the Muslim personal law and Quazi Courts System delivered its report to the appointing authority Minister of Justice, on 22nd Jan 2018. This labour on reforms to the Muslim Marriage and Divorce Act (MMDA) has taken nine long years. It is somewhat akin to a complicated and arduous delivery of a baby. There are claims that what has in fact been delivered are twins. more..

The President cannot remove the PM

Feb 21 (CT) Following the large gains made at the LG elections at the expense of the UNP and SLFP by the Mahinda Rajapaksa led SLPP, the pro-Mahinda Rajapaksa opposition has been calling for the resignation of the PM on the basis of the spurious claim that the govt has lost its mandate to govern. Rajan Philips has stated quite rightly that SLPP’s success at the local elections cannot directly enable Mahinda Rajapaksa to replace the govt at the national level. more..

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