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Tokyo Cement Chairman Cabral appointed NSB Chairman

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Dr. Harsha Cabral PC, a veteran legal professional, has been appointed as the new Chairperson of National Savings Bank (NSB).

Dr. Cabral is a President’s Counsel in Sri Lanka with 35 years’ experience in the field of Intellectual Property Law, Company Law, Commercial Law, Commercial Arbitration, Securities Laws and International Trade Law

He has been a President’s Counsel for 17 years. He holds a doctorate in Corporate Law from the University of Canberra, Australia.

He was a sitting member of the International Chamber of Commerce (ICC) International Court of Arbitration in Paris for a period of six years till 2021.

He is a Representative Member of the Federation of Integrated Conflict Management (FICM) as well as a Representative Member of the International Commercial Disputes Tribunal (ICDT).

Dr. Cabral is a Fellow of the Institute of Chartered Governance Institute (UK & Ireland). He is a former member of the Board of Investment (BOI) of Sri Lanka. He was the Founder Board Member of the Sri Lanka International Arbitration Centre and was involved in the drafting of the Arbitration Act, No. 11 of 1995, the current Act.

Dr. Cabral is also a member of the Law Commission of Sri Lanka, a member of the Intellectual Property Advisory Commission in Sri Lanka and the Chairman of the Intellectual Property Law Reform Project of the Ministry of Justice, a member of the Corporate Governance Faculty and the Corporate Governance Committee of the Institute of Chartered Accountants of Sri Lanka, and University Grants Commission (UGC) nominee on the Post Graduate Institute of Medicine (PGIM).

As a member of the Advisory Commission on Company Law in Sri Lanka, Dr.  Cabral was one of the architects of the Companies Act No. 7 of 2007.

Dr. Cabral serves as the Chairman of the Tokyo Cement Group, which commands the largest market share for cement in Sri Lanka. He was the past Chairman of LOLC Finance PLC, one of the largest Finance Companies in Sri Lanka.

He was also a director of LOLC Insurance Company Limited, Commercial Leasing & Finance Limited and Richard Pieris Distributors Limited (Arpico Supermarkets). He was also the past Acting Chairman of Hatton National Bank PLC (HNB). In addition, Dr. Cabral was a senior Director of the Union Bank of Sri Lanka. He was also a member of the Cabinet appointed Committee on the National Trade Policy and also a member of the Presidential Commission appointed on reformulating laws of Sri Lanka.

Dr. Cabral currently serves as Independent Non-Executive Director of DIMO PLC, Hayleys PLC, Alumex PLC, Tokyo Cement Company (Lanka) PLC, Chevron Lubricants Lanka PLC, Ceylinco Life Insurance Co Ltd, Darley Property Holdings Ltd., CCC-ICLP International ADR Centre (Guarantee) Limited, National Olympic Committee (NOC) Ethics Committee (Chairman) and Sri Lanka Institute of Information Technology (Guarantee) Ltd., (SLIIT), and he serves on several Audit Committees, Nomination Committees, Remuneration Committees, Recoveries Committees and the Related Party Transaction Committees, chairing most of them.

Dr. Cabral is a senior visiting lecturer at several Universities here and abroad, a regular speaker at public seminars and an author of several books. He has also presented several papers on Corporate Law, Intellectual Property Law, Commercial Arbitration, and International Trade Law here and abroad. In addition to his active practice in courts and lecturing, he has been a counsel in many Arbitrations and has served as Sole-Arbitrator, Co-Arbitrator and Chairman in a large number of Arbitrations, domestic and international.

Dr. Cabral is also an accomplished author who has published several books including “Corporate Law, Derivative Actions: A Comparative Approach” and “Intellectual Property Law in Sri Lanka”.

NSB General Manager/ CEO Ajith Peiris and other officials participated in the event where the new chairman assumed duties.

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PSO transfer : Statement from Ranil’s office

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A statement has been issued by the office of former President Ranil Wickramasinghe with regard to the transfer of his Personal Security Officer.

The statement is as follows :

Related News :

Ranil’s PSO transferred to KKS

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Representatives from Communist parties of India-China join NPP May Day rally

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The Communist Party of India and the Communist Party of China were both represented at the May Day rally held here by President Anura Kumara Dissanayake’s NPP on Thursday.This is the first May Day celebration by the Janatha Vimukthi Peramuna (JVP), the mother party in the National People’s Power (NPP) broader front, after it came to power.

The party, founded in 1965, had led two rebellions to topple governments through armed revolution in the early 70s and late 80s.

Binoy Viswam of the Communist Party of India (CPI) pointed out how at last year’s May Day rally, Dissanayake predicted that “the next year when we celebrate the May Day, it will be a victorious May Day for the people and the workers of the Sri Lankan country. That day has come”.

Viswam said there were claims in the past that there is no alternative to capitalist system and that there is only one way, and that way is the way of the Americans, the way of the spoilers, the way of the capitalists.

“They said that’s the only way, no other alternative. They were wrong comrades, and we are right. Because we have proven that there is an alternative, and Sri Lanka has shown that way,” he said, praising the JVP government.

Peng Xiubin, Director General, Bureau of South and South East Asia Affairs of the Communist Party of China (CPC) said, “Six decades ago, your hands built the JVP. Over the years, you have kept fighting, making the JVP stronger and stronger, forming the national people’s power. Eventually, last September, you won the presidential election, a new milestone in the history of Sri Lanka”.

“Sri Lanka is China’s good neighbour, trusted brother, reliable partner. For 68 years of our diplomatic ties, we have worked hand in hand, shoulder to shoulder, showing the world how our countries can thrive together. Now, with the JVP leading Sri Lanka, new opportunities arise for China-Sri Lanka ties,” he said.

Dissanayake also spoke on the occasion.

(theweek.in)

(Except for the headline, this story, originally published by theweek.in has not been edited by SLM staff)

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Probe over death of Sabaragamuwa Uni. student

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The Ministry of Education, Higher Education and Vocational Education has responded to the recent death of a student of the Sabaragamuwa University.

In a statement regarding the incident, the Ministry said a Board of Inquiry has already been appointed to probe the incident and if it the death is revealed to have been caused due to ragging, all factions responsible will be held accountable to the fullest extent of the law.

Once the report of the board is released, the University Management and the University Grants Commission (UGC) will take appropriate steps, the statement adds.

The statement also urges not to disseminate social media posts which harm the privacy of individuals until full details of the incident are revealed.  

According to reports, a 23-year-old second-year student attached to the Department of Engineering Technology at the University of Sabaragamuwa had taken his life after being distraught over a ragging incident.

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