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Committee on Public Finance (COPF) Chairman Harsha de Silva in a letter addressed to President Anura Kumara Dissanayake has informed him that absence of an Auditor General during a post disaster situation is disturbing.
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The Western Province, which is considered to have the highest economic growth and contributes a large chunk of the Gross Domestic Product (GDP), is gradually slowing down in its share of contribution as other provinces experience an increase in economic growth and output, according to the Central Bank of Sri Lanka (CBSL) and the Department of Census and Statistics (DCS).
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The fiscal calculus underpinning Sri Lanka’s economic recovery has been fundamentally altered by Cyclone Ditwah, prompting a coalition of 121 international economists to demand an immediate suspension of external sovereign debt payments.
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Sustained adherence to the reform agenda has underpinned a robust economic recovery, price stability, substantial revenue-based fiscal consolidation, and progress in rebuilding foreign exchange reserves, but the economy remains vulnerable, and GDP has not recovered to its pre-crisis level, according to an IMF official.
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The Criminal Investigation Department (CID) has launched a comprehensive investigation on the instructions of the Inspector General of Police (IGP) following information that the Vessels Monitoring System (VMS) used to track multi-day fishing vessels and boats transporting drug consignments in the open seas, along with sensitive computer data of the Police Narcotics Bureau, has reportedly fallen into the hands of drug traffickers.
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The Bar Association of Sri Lanka (BASL) has strongly condemned the conduct of Kaduwela Mayor Ranjan Jayalal, alleging that he obstructed and hindered an Attorney-at-Law while representing an Animal Welfare Association at an
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Prime Minister Harini Amarasuriya told Parliament yesterday that the full rebuilding of the nation battered by Cyclone Ditwah would take at least two years, citing ongoing landslide risks and the need to relocate populations and schools
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Inspector General of Police (IGP) has instructed the Police Special Investigation Unit to take disciplinary action following an investigation after it was revealed several police officers, including the OIC and the Traffic OIC of the Sapugaskanda Police Station, had failed to properly discharge their duties in relation to the road accident involving former Speaker and MP Ashoka Ranwala.
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The Medical and Civil Rights Professional Association of Doctors (MCPA) had initiated legal action against the National Medicines Regulatory Authority (NMRA), raising serious concerns about patient safety, an official said.
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“We became highly suspicious when a large passenger aircraft was flying unusually low and circling several times in the sky. Because of that, we paid close attention. Everyone in our family went up to the upper floor of the house and observed the aircraft.
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Amidst the complex challenges of economic stabilisation, a bold and transformative policy proposition is gaining traction among industry leaders and economists: the establishment of a dedicated Gold Regulatory Authority (GRA) coupled with strategic support for the gem and jewellery sector.
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Sri Lanka’s mineral export potential is as much as US $ 778 million annually where the realized amount is only US $ 389 million as estimated by the ITC Export Potential Map, a report compiled by the Pathfinder Foundation says.
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The Central Cultural Fund (CCF) has warned that the area around the nine-arch Railway Bridge in Modara, a popular spot for both local and foreign tourists, is under threat of landslide due to adverse weather caused by the cyclone “Ditwa”.
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The Marine Environmental Protection Authority (MEPA) has reported severe ocean pollution along 200 nautical miles of Sri Lanka’s coastline following landslides and floods caused by Cyclone Ditwah. Tons of organic plant debris and other waste have been washed into the ocean, posing a serious threat to the country’s fishing industry, MEPA Chairman Samantha Gunasekara warned.
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A police sergeant has been suspended over alleged inappropriate conduct involving Takshi Nandakumara, a suspect currently being held on a 90-day detention order in connection with the killing of organised criminal Ganemulla