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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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Legendary actress Malani Fonseka passes away

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Veteran Actress Malini Fonseka, widely revered as the “Queen of Sri Lankan Cinema,” passed away this morning (May 24) at the age of 78 while receiving treatment at a private hospital in Colombo.

Born on April 30, 1947, in Kelaniya as Wanni Arachchige Malani Senehelatha Fonseka, she later rose to fame in Sri Lankan cinema under the name Malani Fonseka.

Fonseka began her acting career on stage in 1963 and made her cinematic debut in 1968 with the film Punchi Baba.

She won the Most Popular Actress award in 1973 and has received numerous accolades, including the President’s Award, Sarasavi Award, OCIC Award, and Sumathi Award, with several honors for Best Actress.

Plays such as Nidhanaya, Bambaru Awitha, Wekande Walawwa, Aradhana, and Ammawarune are regarded as outstanding works that showcased the acting talents of Malani Fonseka.

Beyond her artistic achievements, she entered politics in 2010 and served as a National List Member of Parliament until 2015.

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12-hr water cut in several areas of Colombo

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The National Water Supply and Drainage Board (NWSDB) has announced a 12-hour water cut from 8:00 a.m. to 8:00 p.m. on Sunday (May 25) in several areas, including Colombo, due to essential maintenance work at the Ambatale Water Treatment Plant.

Due to this, the public is urged to make prior arrangements and store an adequate supply of water to avoid inconvenience during the period of the suspension.

Accordingly, the water cut will affect the following areas:

  • Colombo 01 to Colombo 15
  • Sri Jayawardenepura Kotte
  • Kaduwela
  • Battaramulla
  • Kolonnawa
  • Kotikawatta
  • Mulleriyawa
  • IDH (Infectious Diseases Hospital) area
  • Maharagama
  • Dehiwala
  • Mount Lavinia
  • Ratmalana and Moratuwa

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Investigations underway to arrest 20 criminals hiding overseas

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The Ministry of Public Security states that investigations are underway to arrest 20 members of major organized crime gangs currently hiding overseas.

Minister Ananda Wijepala stated that Interpol has already issued red notices for their arrest and that the countries where these criminals are hiding have been identified.

He added that investigations into the group have been expanded in coordination with the Ministry of Foreign Affairs.

Since the new government came to power, 11 members of organized crime gangs hiding abroad have been brought back to the island and produced before courts.

Meanwhile, operations to arrest members of organized crime gangs involved in various criminal activities, including murder and drug trafficking, within the country are also ongoing.

The Minister added that the Police Special Task Force and the Criminal Investigation Department (CID) are jointly conducting investigations into the allegations against them.

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