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Salley hands over recordings to CID on Priyamali & Janaki’s deals

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Former Governor Azath Salley has handed over 30 audio recordings to the Criminal Investigation Department (CID) yesterday (26) in relation to large scale and secret financial transactions allegedly committed by Thico Group owner Thilini Priyamali and CEO of the Krish mixed development project, Janaki Siriwardena.

Mr. Salley told the media that he handed over audio recordings dated up to May 3rd to the CID for investigation.

The CID has also launched an investigation into a Buddhist monk residing at a temple in Kadawatha who has assured the billionaires that the money they deposited in Priyamali’s Thico Group will be given back.

A large number of people have been deceived by saying that there is a large gold ingot weighing 2500 kg in this temple.

Mr. Salley said the photos of the gold ingot and many photos of Priyamali and Siriwardena seeing together have been handed over to the CID.

An investigating officer of the CID has revealed that a stock of gold-plated ingots was found from a house in Pilimathalawa which is said to belonged to Priyamali’s boyfriend Isuru Bandara, who is currently in remand custody.

Thilini remanded by Mahara Magistrate’s Court as well!

Meanwhile, the Mahara Magistrate’s Court yesterday (26) remanded Priyamali for giving a dud cheque of Rs.400,000 to a businessman in Kadawatha after purchasing mobile phones and accessories from him.

Priyamali, who is in remand prison was produced in the Mahara Magistrate’s Court yesterday (26) under the protection of prison officials.

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Rajeev Amarasuriya elected President of BASL

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Attorney-at-Law Rajeev Amarasuriya has been elected as the new President of the Bar Association of Sri Lanka (BASL) for the year 2025-2026 at the election held today (Feb. 19)

He has previously served as secretary of the BASL.

Academically, he holds a Law Degree from the University of Colombo, is an Attorney-at-Law of the Supreme Court of Sri Lanka, and a Fellow Member of both the Chartered Institute of Management Accountants (UK) and the Institute of Certified Management Accountants of Sri Lanka.

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Gazette issued on term of newly elected LG members

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A Gazette notification has been issued by the Minister of Public Administration, Provincial Councils, and Local Government, Chandana Abayarathna specifying that the term of the members of 337 Local Government Authorities should commence on June 02, 2025.

Accordingly, the Minister of Public Administration, Provincial Councils and Local Government has issued the Gazette in terms of the powers vested in him by Paragraph (b) of Sub-Section (1) and Section 10 of the Municipal Councils Ordinance, Chapter 252. 

The 337 Local Government Authorities include 27 Municipal Councils, 36 Urban Councils and 274 Pradeshiya Sabhas.

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Budget 2025 lays foundation for a strong economy – President

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President Anura Kumara Disanayake highlighted that due to the mismanagement of public finances by previous administrations, the country had fallen into bankruptcy and is currently operating under a probationary period of the International Monetary Fund (IMF) program. Given this situation, he emphasized that the Budget 2025 has taken the initial steps towards building a strong and stable economy.  

The President made these remarks while participating in the Post-Budget forum 2025 organized by the University of Colombo Master of Business Administration (MBA) Alumni Association held today (19) at Cinnamon Life Hotel in Colombo.

President Anura Kumara Disanayake stated that the government aims to utilize the three-year debt moratorium granted through debt restructuring effectively and implement proper economic management to regain debt repayment capacity by 2028.  

The President further noted that while many countries in the world have taken decades to recover after facing bankruptcy, Sri Lanka is expected to recover in a significantly shorter period.  

The President also highlighted that this year’s budget proposes to increase government revenue to 15.1% of the Gross Domestic Product (GDP) and emphasized the government’s commitment to prioritizing expenditures based on identified national priorities.

The President emphasized that this year’s budget focuses on expanding the economy by driving economic activities to rural areas and integrating citizens as stakeholders in the economy. He expressed confidence that this approach would enhance the economic benefits available to the people.  

The government plans to reintegrate marginalized groups into the economy by establishing small economic units at the village level. As a result, the country aims to foster a surge in Small and Medium-scale Enterprises (SMEs), the President stated.  

Highlighting the government’s commitment to supporting industries, the President noted that reducing production costs would ultimately provide relief to consumers.  

To uplift the nation from rural poverty, the highest budget allocation this year has been directed towards education. This investment aims to restructure both human and physical resources within the school system, transitioning from a linear education model to a more diversified, multi-directional approach.  

The budget also prioritizes public expenditure management. Given the high costs associated with delivering public services, the government intends to conduct a comprehensive review of state institution expenditures.  

President Disanayake stressed the importance of maintaining a corruption-free political authority and underscored that fostering a culture where bribery is rejected is a collective responsibility of the citizens.  

To establish an export-driven economy, the government plans to sign new trade agreements and anticipates higher export earnings this year.  

Additionally, the current administration is focused on developing a port-centric economy. The budget has placed special attention on establishing an efficient transhipment hub.  

Tourism promotion initiatives will be further strengthened through City Branding programs, with plans to develop key cities such as Anuradhapura, Yapahuwa, and Jaffna as major tourist destinations.  

 The President also emphasized the need to leverage the country’s diplomatic service to expand economic opportunities for Sri Lanka.  

The event was attended by Duminda Hulangamuwa Chairman, Ceylon Chamber of Commerce & Senior Adviser to the President on Economic Affairs and Finance,President of the University of Colombo Master of MBA Alumni Association Suraj Radampola, along with several experts from academia and the business sector.

(President’s Media Division)

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