Independence of CBSL should be protected

Published

1 year ago

November 30, 2022

editor

The Central Bank of Sri Lanka (CBSL) should not be considered as a development bank and steps should be taken to protect its independence, former Central Bank Governor Indrajit Coomaraswamy said.

Dr. Coomaraswamy said this while speaking at a ceremony held in Colombo.

He further said that regardless of the International Monetary Fund’s (IMF) support, measures should be taken to stabilise the economy.

He also said that consulting the IMF is similar to consulting a doctor and the solutions provided by them can sometimes be unpleasant.

CPC slashes fuel prices

Published

3 hours ago

April 30, 2024

editor

The Ceylon Petroleum Corporation has reduced fuel prices with effect from midnight today (April 30).

Accordingly,

– Petrol (92) has been reduced by Rs.3/- to Rs. 368/– Petrol (95) has been reduced by Rs. 20/- to Rs. 420/-
– Lanka Auto Diesel has been reduced by Rs. 30/- to Rs. 333/-
– Lanka Super Diesel 4 Star Euro 4 has been reduced by Rs. 9/- to Rs. 377/-

– Lanka Kerosene has been reduced by Rs. 30/- to Rs. 215/-

News

Interim order issued preventing President & CC from nominating judges to SC

Published

3 hours ago

April 30, 2024

editor

The Supreme Court has issued an interim stay order on the President and the Constitutional Council, preventing them from nominating judges to the Supreme Court, except as Chief Justice.

The Supreme Court has issued this interim order while allowing the hearing of a petition submitted by a lawyer against the decision taken by the Constituent Council to reject the nomination submitted by the President for the appointment of the incumbent President of the Court of Appeal, Justice Nissanka Bandula Karunaratne as a Supreme Court Judge.

The hearing of the petition was fixed for the 4th of October, 2024.

(adaderana.lk)

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

News

Discharge of airman’s weapon damages Airport VIP Lounge roof

Published

4 hours ago

April 30, 2024

editor

The roof of the VIP Lounge at the Bandaranaike International Airport (BIA) sustained damage after a T-56 firearm issued to an airman on duty at the Lounge was suddenly discharged.

No one was injured in the incident that occurred at about 10.25am.

The airman whose weapon was discharged has been arrested and the Sri Lanka Air Force and Airport Police are conducting a joint investigation.

sundaytimes.lk

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