News

CPC obtains loans at higher interest from State Banks

Published

1 year ago

November 18, 2022

editor

The loss-making Ceylon Petroleum Corporation (CPC) has obtained a loan from a state-owned bank at 28 per cent interest on the assurance of repaying within ten months without interest in order to pay an allowance of Rs.30,000 to nearly 5,000 employees.

The employees have been given this amount to purchase books for their children.

Accordingly, the interest for this bank loan is to be borne by the CPC.

Similarly, the CPC has obtained a loan from a state bank at an interest of 22% in order to give an allowance of Rs.50,000 to the employees for the Sinhala Tamil New Year. However, it was reported that the installments have not been paid although six months have already been passed.

A higher official at the CPC said the latest allowance will be given as an employee’s right to buy books for their children.

He said that it has not been mentioned that the loan amount of Rs.50,000 will not be collected but added the collection of the installments has not been commenced yet.

News

Complaint filed alleging assets being misused for President’s political activities

Published

3 hours ago

April 26, 2024

editor

Today (26) the Socialist Youth Union (SYU) filed a complaint with the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) calling for a probe into the alleged misuse of assets owned by the National Youth Services Council (NYSC) for the political activities of current President Ranil Wickremesinghe.
The SYU submitted a formal complaint to the CIABOC today (26) afternoon.

The complaint is filed against Minister of Youth Affairs and Sports – Harin Fernando, Ministry Secretary – Dr. Kanapathipillai Mahesan, and Chairman of the NYSC – Pasindu Gunaratne.

Speaking before the media, Eranga Gunasekara, the national organizer of the SYU said, NYSC vehicles bearing the numbers NA 9099, NB 1389, NB 3384, NB 3383 had been misused for the UNP rally held in Kuliyapitiya on March 10.

He has also said a dance troupe of the NYSC, used for the rally, is yet to be paid.

News

Tiran makes revelation on Maithripala’s statement

Published

4 hours ago

April 26, 2024

editor

During the inquiry over former President Maithripala Sirisena’s recent statement that he was aware of the real culprits behind the Easter Sunday bomb attacks, he has not mentioned the names of anyone in Sri Lanka, Public Security Minister Tiran Alles said.

The lawmaker made this remark while speaking during today’s parliamentary session.

News

High Posts committee approves 4 appointments

Published

4 hours ago

April 26, 2024

editor

Committee on High Posts approves appointments of a new ambassador, a secretary to a ministry, and 02 chairpersons of institutions

The Committee on High Posts which met recently in Parliament has given its approval for the appointments of a new ambassador, a ministry secretary and two institution chairpersons.

Accordingly, the Committee on High Posts has approved the appointment of Mr. S.A Rodrigo as the new Sri Lankan Ambassador to the Italian Republic.

In addition to that, the appointment of Mr. A.C.M. Nafeel as the new secretary of the Ministry of Water Supply and Estate Infrastructure Development was also approved by the Committee on High Posts.

Furthermore, the Committee on High Posts approved the appointments of Mr. W.A.D.S Gunasinghe as the new chairman of the Regional Development Bank and Mr. N.K.S. Jayasekara as the new chairman of the Sri Lanka Atomic Energy Regulatory Council.

Ministers Dr. Ramesh Pathirana and Vidura Wickramanayake, Member of Parliament Rishad Bathiudeen participated in the Committee on High Posts which met under the chairmanship of Speaker Mahinda Yapa Abeywardena.