Connect with us

News

Consideration of Betting & Gaming Taxes Bill postponed

Published

on

The first meeting of the Committee on Public Finance (COPF) for the fourth session of ninth Parliament was held recently (07) under the chairmanship of MP Dr. Harsha de Silva.

The Betting and Gaming Levy (Amendment) Bill was discussed at the meeting and the consideration of the bill was postponed for a week until a timeline for establishing a regulatory authority for casinos is worked out.

The chairman of the committee pointed out that the establishment of a regulatory authority regarding the casino business was previously discussed.

Accordingly, the Ministry of Finance has prepared a timeframe for this regulatory authority to get Cabinet approval by January 31, 2023.

However, since it has not been done, the committee mentioned that a new timeframe is needed and a period of one week will be given to prepare it for the Ministry of Finance.

Accordingly, it was decided to meet the COPF in a week to consider the Bill.

Also, the COPF approved the regulation under Appropriation Act No. 30 of 2021.

MPs Rauff Hakeem, Patali Champika Ranawaka, Mahindananda Aluthgamage, Duminda Dissanayake, Chandima Weerakkodi, Nimal Lanza, Sumith Udukumbura, Dr. Major Pradeep Undugoda, Kokila Gunawardena, Isuru Dodangoda, Sahan Pradeep Withana, Madhura Withanage and Prof. Ranjith Bandara participated in the meeting.

News

CBSL appoints two New Deputy Governors

Published

on

By

The Central Bank of Sri Lanka (CBSL) has appointed two new Deputy Governors, effective this week. 

Assistant Governor and Secretary to the Governing Board A.A.M. Thassim has been appointed as Deputy Governor starting June 20, while Assistant Governor J.P.R. Karunaratne will assume his new role on June 24.

These appointments were made by the Minister of Finance, following recommendations from the CBSL Governing Board, in accordance with the Central Bank of Sri Lanka Act, No. 16 of 2023.

Mr. Thassim brings over 31 years of experience at CBSL, having worked in various areas including Banking Supervision and Regulation, International Operations, and Risk Management. He has also been part of several high-level committees on monetary policy and financial stability.

Mr. Karunaratne, with over 33 years at CBSL, has extensive experience in the supervision and regulation of financial institutions, currency management, and public debt. He has significantly contributed to strengthening the legal framework and consolidation of the Non-Bank Financial Institutions sector.

Continue Reading

News

UK rejects TGTE appeal to lift LTTE proscription

Published

on

By

The UK Proscribed Organisations Appeals Commission has rejected an appeal by the Transitional Government of Tamil Eelam (TGTE) to lift the proscription on the Liberation Tigers of Tamil Eelam (LTTE) as a terrorist organisation in Britain.

Sri Lanka’s Minister of Foreign Affairs, Ali Sabry, confirmed that the UK will continue to maintain the proscription on the LTTE. Announcing this on ‘X’ (formerly Twitter), Sabry noted that the independent court, headed by a high court judge and two retired senior diplomats, ruled against de-proscribing the LTTE.

The TGTE, which supports the creation of an independent Tamil state in north-east Sri Lanka, had appealed to the UK to lift its ban on the LTTE. However, the TGTE itself is not proscribed in the UK as it seeks to achieve its political and ideological objectives through non-violent means.

Sabry further stated, “The LTTE international network’s approach and strategy is to get foreign governments to de-proscribe the LTTE so that they could revive the LTTE.”

Continue Reading

News

Thai PM justifies frequent international trips, including a visit to Sri Lanka

Published

on

By

Thailand’s Prime Minister Srettha Thavisin defended his frequent globe-trotting during his first 10 months as leader of the Southeast Asian nation, in remarks aired in a television broadcast on Saturday.

A real estate tycoon and political newcomer who became prime minister in August last year, Srettha made 15 overseas visits and pledged a two-month halt in March in response to public criticism.

“Some of these visits are not avoidable,” he said, referring to those for official meetings of the Association of Southeast Asian Nations (ASEAN), as well as to China and Japan, while a third was to Sri Lanka to sign a free trade pact.

Other visits aimed to draw trade and investment, said Srettha, nicknamed Thailand’s salesman, who has often spoken of his goal of luring more foreign investment to the country.

“It’s necessary to go,” he said in the remarks recorded in advance.

Source: Reuters

–Agencies

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved