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SL hoping to reach in-principle deal with creditors within 2 months

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Governor of Central Bank of Sri Lanka (CBSL) – Dr. Nandalal Weerasinghe says ‘good faith negotiations’ are in progress with commercial creditors to reach an in-principle agreement as soon as possible.

Speaking at a media briefing today (Jan. 10) to deliver the annual policy statement, Dr. Weerasinghe said that an agreement is expected to be reached within the next two months.

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CBSL appoints two New Deputy Governors

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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.

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UK rejects TGTE appeal to lift LTTE proscription

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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.”

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

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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

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