BIZ

Complaint lodged to HRCSL against Adani Group (Video)

Published

2 years ago

May 11, 2023

editor

Two petitioners have filed a complaint with the Human Rights Commission of Sri Lanka (HRCSL) against the transfer of the country’s renewable energy to the Adani Group.

The complaints have been made by Sankha Chandima Abeysinghe and Bandu Ranga Kariyawasam.

Mr. Abeysinghe said that human rights have been violated by handing over wind and energy sources from Mannar to Punarin to Adani Group and by buying an electricity unit for more than Rs.20 extra from the Adani Group when a unit could have been bought for Rs.8.50.

He said that allowing a company like India’s Adani, which is the biggest environmental polluter in Asia, to create an energy monopoly in Sri Lanka is also detrimental to the economy.

Video – Newsfirst

BIZ

CBSL warns on 21 companies conducting pyramid schemes

Published

13 hours ago

January 20, 2025

editor

Central Bank of Sri Lanka (CBSL) has conducted investigations and determined 21 companies as those that have engaged in pyramid schemes prohibited under Section 83 (C) of the Banking Act, No. 30 of 1988 as amended.

The companies are as follows :

press_20250120_notice_to_general_public_on_prohibited_pyramid_schemes_e Download

BIZ

Sathosa slashes brown sugar price

Published

3 days ago

January 18, 2025

editor

Lanka Sathosa, the only state owned supermarket chain in the country, has announced a price drop of brown sugar.

Accordingly, a kilo of brown sugar, which was Rs. 340, has been reduced to Rs. 300 by Rs. 40.

BIZ

SL – China currency swap agreement, renewed

Published

4 days ago

January 17, 2025

editor

The Central Bank of Sri Lanka and the People’s Bank of China, in December 2024, successfully renewed the Bilateral Currency Swap Agreement signed in 2021, for a period of another three (03) years, under the terms and conditions stipulated in the original agreement.

The CNY 10 billion (approximately USD 1.4 billion) currency swap facility reflects the financial cooperation between China and Sri Lanka.

Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, signed the agreement on behalf of the Central Bank of Sri Lanka, while Mr. Pan Gongsheng, Governor of the People’s Bank of China, signed on behalf of the People’s Bank of China.

(CBSL)