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Parliamentary committee demands CBSL report on salary hike amid criticism

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Amidst growing criticism over the substantial salary hike for Central Bank employees, a key parliamentary committee has taken action, demanding a report from the Central Bank regarding the legal basis for such an increment without parliamentary approval.

Chairman of the Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis, MP Gamini Waleboda, disclosed that the issue was raised during a committee meeting where Central Bank officials were present.

The Central Bank is now expected to submit a comprehensive report on the salary increment in the coming week. Following the submission, the Sectoral Oversight Committee intends to summon the Central Bank and its Monetary Board for further examination.

MP Waleboda highlighted that the committee expressed strong criticism of the 70% salary increase for Central Bank employees, especially given the ongoing economic crisis, deeming it an immoral act.

“We instructed the Central Bank to provide a report by next week to justify the salary increase. They will need to provide the legal provisions that empower them to effect such an increment. We will summon the Central Bank and its Monetary Board after receiving the report,” stated MP Waleboda.

Both government and opposition Members of Parliament (MPs) have voiced objections to the Central Bank’s decision to raise the salary scales by 70%, with Chief Opposition Whip Lakshman Kiriella asserting that the Central Bank Act lacks provisions for such salary increases without parliamentary approval, deeming it illegal.

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Harley Davidsons found in Bird Park hideout

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Some twenty illegally imported high-end, high-capacity motorcycles—including eight Harley-Davidsons—were recovered during a raid conducted by the Central Anti-Corruption Task Force at a warehouse inside Bird Park, Hambantota.

Police said investigations are continuing to determine who owned the bikes and why they were hidden in the warehouse.

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Navy nabs 4 suspects with smuggled spices, medicine & cosmetics

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During a search operation conducted in the beach vicinity of Devils Point, Kilinochchi on 11 July 25, the Navy took hold of a stock of spices, medicine and cosmetic products which have been made ready for distribution.

The operation also led to the apprehension of 04 suspects and 02 cabs.

The operation was mounted by SLNS Buwaneka in the North Central Naval Command in Loggannawadi, Devils Point.

After searching 02 suspicious cabs in the locality, naval personnel recovered 300kg of cardamom, 260kg of turmeric powder, 273kg of dried ginger as well as medicine and cosmetic products loaded in the vehicles.

And also, 04 suspects in connection to the incident were also taken into naval custody.

The suspects detained by the Navy in this operation have been identified as residents of Erakkandi, Kalmunaikudi, Trincomalee and Puttalam, aged between 39 and 49.

The suspects together with the vehicles and seized items were handed over to the Customs Preventive Office in Katunayake for onward legal action.

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China, Sri Lanka agree to speed up FTA negotiations

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Chinese Foreign Minister Wang Yi yesterday called upon his Sri Lankan counterpart Vijitha Herath to expedite the finalisation of the China-Sri Lanka Free Trade Agreement (FTA).

Minister Yi was speaking during a bilateral meeting in Kuala Lumpur, Malaysia, where the two sides vowed to deepen their strategic cooperative partnership and enhance practical cooperation.

A China-Sri Lanka FTA, which has been under discussion for some time, is likely to boost two-way trade and also address the imbalance in the trade figures.

Minister Yi also called on both sides to deepen high-quality Belt and Road (BRI) cooperation, jointly implement the two flagship projects – the Colombo Port City and the Hambantota Port, and create new growth points for cooperation in fields such as Green Energy, Digital Economy, modern agriculture and maritime (Blue) economy.

Talking specifically on cooperation in the maritime domain, Minister Yi said such cooperation is mutually beneficial, adding that it does not target any third party and should not be interfered with by any third party. 

The Chinese Foreign Minister said the so-called “Indo-Pacific Strategy” pursued by certain parties provokes confrontation and coerces all parties to take sides, which is not in line with the trend of the times and will not be supported by regional countries.

Wang said China is ready to work with Sri Lanka to push the development of the strategic cooperative partnership featuring mutual assistance and ever-lasting friendship between the two countries. 

Minister Herath said Sri Lanka attaches great importance to its relations with China, and firmly adheres to the “One China” principle. 

Minister Herath said that bilateral cooperation has brought tangible benefits to Sri Lankans and promoted the development and connectivity of the region. 

Sri Lanka will enhance practical cooperation with China in areas including trade and investment, infrastructure and ocean, and further deepen the two countries’ strategic cooperative partnership in a number of sectors.

Source – sundayobserver.lk / Xinhua

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