News

CBSL Bill presented to parliament

Published

3 weeks ago

March 7, 2023

editor

The Central Bank of Sri Lanka Bill was presented to the Parliament today (07) by the Leader of the House and Minister – Susil Premajayantha for its first reading.

This Bill was presented for ancillary matters including the establishment of the Central Bank of Sri Lanka in order to provide financial and administrative independence, and the removal of the Monetary Law Act currently established by the Central Bank.

According to the new Bill, the autonomy of the Central Bank shall be respected at all times and no person or entity shall cause any influence on the Governor of the Central Bank or other members of the Governing Board and Monetary Policy Board or employees of the Central Bank in the exercise, performance and discharge of their powers, duties and functions under this Act or interfere with the activities of the Central Bank.

Moreover, the Bill entails that the primary object of the Central Bank shall be to achieve and maintain domestic price stability.

In addition, a ‘Board of Governors’ will be established to supervise the administration and management of the affairs of the Central Bank and to decide the general policies of the Central Bank other than monetary policy. Its chairman shall be the Governor of the Central Bank and six members with expertise will be appointed to it.

BIZ

Only 50 Dollars to go to India by passenger ferry!

Published

24 mins ago

March 27, 2023

editor

Sri Lanka will commence the operations of the passenger ferry service between Kankesanthurai and Pondicherry on April 29, the Ministry of Ports, Shipping and Aviation said.

It said a passenger terminal is currently being constructed at the Kankesanthurai Port to facilitate the ferry service by the Sri Lanka Navy.

Ferry owners have mentioned during a recent discussion that they will be charging 50 US Dollars per passenger for a one-way trip, while allowing a passenger to carry baggage weighing 100kg.

A ferry is expected to carry 150 passengers at a time and will take around 4 hours to travel from Karaikal Port in Pondicherry to Kankesanthurai.

Minister Nimal Siripala de Silva said that any businessman in India and Sri Lanka can join this passenger ferry service.

News

Uebert Angel brought in by Jerome Fernando involved in gold smuggling!

Published

28 mins ago

March 27, 2023

editor

It has been revealed that Zimbabwean pastor Uebert Angel, who was brought to Sri Lanka by ‘Born-Again’ religious sect leader Pastor Jerome Fernando, is involved in large-scale gold smuggling.

This was revealed during an investigation conducted by Al Jazeera News.

This pastor has also worked as a Zimbabwean diplomat.

The Zimbabwean pastor has participated in the services held at the Katunayake ‘Miracle Dome’ hall owned by Pastor Jerome Fernando on several occasions.

During his visit to Sri Lanka, the Zimbabwean pastor had met former presidents Mahinda Rajapaksa and Gotabaya Rajapaksa as well.

According to Al Jazeera, Uebert Angel has laundered millions of US dollars through gold smuggling.

Angel, appointed ambassador-at-large and a presidential envoy by Zimbabwe’s President Emmerson Mnangagwa in March 2021, has told reporters he would be able to carry large volumes of dirty cash into the country using his diplomatic status.

The 44-year-old, who claims to be a prophet and heads a congregation — the Good News Church — with branches in 15 countries, said he would facilitate a scheme through which unaccounted cash could be exchanged for Zimbabwe’s gold.

Source – Aruna

News

Joint Combined Exchange Training with US Army concludes in Trincomalee

Published

21 hours ago

March 26, 2023

editor

The Joint Combined Exchange Training (JCET) Balance Style 01/2023 conducted by the Sri Lanka Navy and the U.S. Army came to an end at the Special Boat Squadron (SBS) Headquarters in Trincomalee over the weekend.

The certificate awarding ceremony was held under the patronage of Deputy Area Commander Eastern Naval Area, Commodore Mahesh De Silva on Saturday.

Thirty-six (36) Sri Lanka Navy (SLN) personnel from SBS (24) and 04th Fast Attack Flotilla (12) and nine (09) members of Special Force Operational Detachment Alpha participated in JCET 01/2023 training program from 27th February to 24th March 2023.

The Joint Combined Exchange Training (JCET) mainly focused on Mission Planning (MP), Tactical Combat Casualty Care (TCCC), Close Quarter Battle (CQB), Combat Marksmanship & Sniper Training (CMST), etc. with the theoretical and practical sessions.

Commanding Officer 04th Fast Attack Flotilla, Captain Thusara Mahesh, Commanding Officer Special Boat Squadron, Commander Dharmasiri Herath, members from the SFODA – 1121 of the U.S. Army and a group of naval personnel were present on this occasion.

(sundaytimes)