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NBFI List

Central Bank of Sri Lanka (CBSL) in their proposed consolidation of the country’s non banking financial institutions (NBFIs) have categorized those as “A”, “B” and “C” respectively. Category A comprises NBFIs with assets of more than Rs. eight billion, core capital of more than Rs. one billion and a “high degree of compliance with direction [...]

Govt. Needs To Act On Northern Chief Minister’s Recommendations

By Jehan Perera It is clear that something has gone seriously wrong with governance in Sri Lanka. This is seen in the disempowerment of people at all levels of society. Those at the community level find that they cannot get their needs met in their interactions with the government bureaucracy. At the provincial level, the [...]

Tushan Bowls Googly

NBFI Consolidation A bottleneck that the authorities will have to overcome, in their consolidation plans of the island’s non banking financial institutions (NBFIs), are the difficulties that the acquiring parties will have to surmount, in obtaining the minimum 75% control of shareholdings rights, to make this whittling down process a success, for a start. This [...]

Police File ‘B’ Report Naming Harry J For Forgery

Forged Document supplied to Hambros Bank Company Secretaries confirm they did not issue letter Rs 26 Billion (USD 200 Million) assets at stake “In the case of Milford Exports Ceylon Limited and their assets in Gibraltar, Rs 26.4 Billion is shared between four shareholders: Harry Jayawardena, Raj Obeyesekere, Zaki Alif and Sonia Weinman” By Faraz [...]

JVP, SLMC To Decide On No-confidence

By Indika Sri Aravinda and Waruni Karunaratne The no-confidence motion, submitted to Parliament by the main opposition UNP last week against the Government on the drugs issue, has obtained the backing of some political parties. The Democratic Party (DP) led by former Army Commander Sarath Fonseka said it will back the no-confidence motion in Parliament [...]

“Big Five,” Attraction

H’Tota, Tourism Hub The whales off the coast of Mirissa in the Southern Province (SP) and the Yala National Park in Hambantota in the SP, are key drivers by the Association of Small and Medium Enterprises in Tourism (ASMET) to promote Hambantota not only as a tourism hub in the island, but in Asia as [...]

Big Miracle For Land Rover

Government Taken On A Rs. 103 Million Ride By Faraz Shauketaly The world famous Land Rover Discovery vehicle has been available in Sri Lanka ever since its launch and – if the advertisements are anything to go by – Sri Lanka is the cheapest place on earth to buy this fabulously appointed top of the [...]

Tamil Concerns Or Regime Change?

By Saro Thiruppathy Though the conflict in Sri Lanka raged on with minor bouts of silence the voice of the international community was barely a whisper until the war ended. Oh yes, there were the proscriptions, grave expressions and sound condemnations whenever bombs exploded in Sri Lanka, leaders were assassinated or when the military and [...]

Fake Rs 500 Notes In Circulation

By Camelia Nathaniel The police Special Task Force had arrested a suspect in Biyagama and recovered 530 five hundred rupee notes valued at Rs. 265,000. According to the police, upon questioning the suspect, he had confessed that around 1,800 five hundred rupee notes valued at Rs. 900,000 were already circulating among the public. Hence the [...]

Karunaratne, Tharangacenturies spare Lankan blushes

Sri Lanka A vs England Lions Openers Dimuth Karunaratne and Upul Tharanga both struck centuries and shared in an opening stand of 229 as Sri Lanka A forced a draw in the second unofficial test against England Lions on Saturday at Dambulla. Resuming on 72-0 in their second innings still trailing by 244 runs, Sri [...]

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