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BoC’s loan to Nawaloka also grabs minister’s attention

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Reports reveal that the state owned Bank of Ceylon (BoC) has granted a significantly large loan to Nawaloka Group for the purchase of an AI-powered MRI machine, despite the company already owing around Rs.2.3 billion to multiple banks.

During last week’s Cabinet briefing, Cabinet Spokesman and Minister of Health and Mass Media –  Dr. Nalinda Jayatissa was asked about the matter as well.

In response, the minister stated that he was unaware of this and said he would respond after looking into the related particulars.

Following the media briefing, the minister had sought further details from journalists on the issue.

It is learnt that prior to obtaining the BoC loan, the Nawaloka group was already paying over Rs. 335 million as monthly loan repayments to pay off already existing bank loans.

Last year, the HNB had even obtained a court order to auction off Nawaloka hospital premises in Colombo 02 due to non-payment. However, Nawaloka had secured a temporary stay order from the Court of Appeal, halting the process. However, the case is currently under legal examination.

BoC loan help to repay HNB loan?

It is learnt that a portion of the BoC loan is to be utilized by Nawaloka to settle a loan amounting to  Rs.0.63 billion to Hatton National Bank (HNB).

Attempts to contact BoC Chairman – Kavinda de Soysa and several other officials at the bank were unsuccessful.

However, upon inquiring from Ceylon Bank Employees Union (CBEU) President, Channa Dissanayake, ‘Sri Lanka Mirror’ was informed that although he was aware of the bank loan’s approval, he lacked authority to make a public statement to the media.

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President AKD to undertake official visit to Germany

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President Anura Kumara Disanayaka will undertake an official visit to the Federal Republic of Germany from June 11 – 13, 2025 on the invitation of the President of Germany, Frank-Walter Steinmeier.

During this visit President Disanayaka will hold bilateral discussions with the President of Germany, key ministers of the Federal Government and other dignitaries to discuss new avenues for cooperation including in the spheres of trade, digital economy, investment and vocational training opportunities based on the government priorities.

President Disanayaka will Chair a Business Forum, organized by the German Chamber of Commerce and Industry (DIHK), with key industries in Germany to highlight Sri Lanka’s economic transformation, investment opportunities available, growth potential of the country and opportunities for building new trade ties between the two countries.

Further, the President will meet tourism and travel industry associations of Germany during this visit.

The President will be accompanied by the Minister of Foreign Affairs, Foreign Employment and Tourism – Vijitha Herath and senior government officials.

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2nd capacity-building program under NCGG-SLIDA MoU concludes

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The second customized training program for Sri Lankan civil service officers under the Memorandum of Understanding (MoU) between the National Centre for Good Governance (NCGG) and the Sri Lanka Institute of Development Administration (SLIDA) was successfully conducted from 26 May to 6 June 2025. 

A total of 40 Sri Lankan officers participated in the program, which focused on strengthening public administration through digital governance and innovation.

The training program is part of a larger commitment under the MoU, signed during the state visit of the President of Sri Lanka, – Anura Kumara Disanayaka, to India in December 2024, aimed at training 1500 Sri Lankan civil servants over a period of five years. 

Previously, 41 Sri Lankan civil servants attended the inaugural program on the same theme from 21 April to 02 May 2025.
The training focused on avenues for transforming governance through digital technologies – covering areas such as enhancing online public services, building robust digital infrastructure, expanding access to financial services via digital payments, and improving the way public grievances are addressed using innovative digital solutions. Senior Indian officials and domain experts shared insights into India’s leading digital governance initiatives such as ‘Aadhaar’, Digital Payments and Financial Inclusion, Government e-Marketplace (GeM), Public Finance Management System, among others. The participants also undertook field visits to key institutions such as the Lal Bahadur Shastri National Academy of Administration in Mussoorie, Election Commission of India, PM Gati Shakti Anubhuti Kendra, National e-Governance Division and the Computerized Land Record Centre in Uttarakhand. The program concluded with a cultural visit to the Taj Mahal.

Capacity-building is an important pillar of India’s development cooperation with Sri Lanka. Reinforcing India’s commitment further in this sector, Prime Minister of India during his recent state visit to Sri Lanka in April 2025 announced additional 700 customized training slots annually for Sri Lankan professionals. This significantly enhanced capacity-building endeavour of India thus will now benefit 1000 Sri Lankans annually.

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Govt. urged to cap mask & sanitiser prices

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The National Consumers’ Front (NCF) Chairman Asela Sampath has called on the Government to impose a controlled price on surgical masks and sanitisers, warning of a potential health crisis.

He said this during a media briefing.

Pointing out that the current price of a surgical face mask has increased to Rs. 50, he urged it to be reduced to Rs.10.

Although manufacturers have cited increased costs of raw materials as the reason, Sampath has emphasised that it is the responsibility of the government to intervene immediately.

“If the government does not reduce the prices of raw materials used to produce these essential items, the public will be forced to stop using them risking the onset of another pandemic-like disaster,” he warned.

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