Deputy Governor Samarasiri tipped to be Governor:
Different views expressed on ‘acting governor’
A senior Deputy Governor currently serving in the Central Bank is likely to be
appointed to head the bank, as incumbent Governor Arjuna Mahendran has decided
not to seek a re-appointment until the conclusion of investigations.
Chunnakam Wind Power Project tender to resume:
Sri Lanka is expected to go for an international bidding process for the
accelerated construction of Liquefied Natural Gas (LNG) Power Plants in Sampur,
Trincomalee, Tenders will be advertised as early as July 15, Secretary to the
Ministry of Power and Renewable Energy Dr. B.M.S Batagoda, told the Sunday
The Committee On Public Enterprises (COPE), the parliamentary watchdog, has
completed investigations into 35 state-owned enterprises and would table
findings at the next parliamentary session of twenty of these enterprises,
Chairman of COPE Sunil Handunnetti told the Sunday Observer.
The Government is to change several important legislation to strengthen and fast
track the financial crimes investigations process.
Parallel to the Police Financial Crimes Division (FCID) being turned into a
powerful bureau with a strong mandate, the government is now exploring the
possibility of changing the Money Laundering Act, extradition laws and mutual
legal assistance legislations, top government sources told the Sunday Observer.
Britain’s move to leave the EU would have multiple economic impacts on Sri
Lanka, a prominent Sri Lankan economic research body said.
A document published by the Institute of Policy Studies of Sri Lanka (IPS), Sri
Lanka’s socio-economic policy think tank, on Friday, described how the decision
to leave the European Union would affect Sri Lanka. It was authored by IPS
Researchers Suwendrani Jayaratne, Kithmina Hewage and Chantal Sirisena.