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SL – China currency swap agreement, renewed

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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)

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Hasitha Jayawardena appointed as Melstacorp Chairman

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Hasitha Jayawardena, son of late business tycoon Harry Jayawardena, has been redesignated as the Executive Chairman of Melstacorp and Distillaries Company effective 6 February. 

“Jayawardena has over 12 years of experience in the management of companies under the guidance of his late father Deshamanya D H S Jayawardena, in various diversified fields in the Group. 

“He has been managing and providing strategic direction to the plantation sector and leisure sector of Melstacorp Group. He also functions as the Managing Director of Stassen Group of Companies, ” a filing to the Colombo Stock Exchange said.

(dailymirror.lk)

(This story, originally published by dailymirror.lk has not been edited by SLM staff)

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Over 13,000 police complaints filed against Onmax DT

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Over 13,000 police complaints have been filed against Onmax DT so far, it was revealed in courts.

Appearing on behalf of the Attorney General, Senior State Counsel Oswald Perera informed the Colombo Chief Magistrate Thanuja Lakmali yesterday (Feb. 05) that complaints are still being filed at police stations by those who had fallen victim to the company’s pyramid schemes.

These complaints are filed according to a special complaint form sent to all police stations by the Inspector General of Police on the instructions of the Attorney General.

The court was also informed that investigations are being conducted under 04 categories on the instructions of the CID Director.

07 suspects who were previously released on bail appeared before the court when the case was taken up yesterday.

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Entrepreneur Hemaka de Alwis passes away

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Renowned entrepreneur Hemaka de Alwis has passed away.

A lawyer by profession, de Alwis was the Chairman and Managing Director of Fairway Holdings. 

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