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Central Bank Of Sri Lanka Bond Scandal
Central Bank of Sri Lanka bond scandal which is also referred as CBSL bond scam was a financial laundering scam which happened on 27 February 2015 and caused losses of more than US$ 11 million to the nation. The bond scam is also regarded as the largest reported financial scam in Sri Lanka despite the country's reputation of having a solid visionary banking system over the years. This was a major blow to the Sri Lankan economy and was also major setback to the newly elected government under the leadership of Maithripala Sirisena which commenced its first term as of 8 January 2015. Arjuna Mahendran was appointed as the Governor of the Central Bank of Sri Lanka replacing Ajith Nivard Cabraal. This bond issue also caused disputes between the Government of Sri Lanka and Government of Singapore over the extradition requests of Arjuna Mahendran to Sri Lanka. On 3 September 2019, Singapore's Ministry of Foreign Affairs clarified that the government would consider the extradition reques ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maithripala Sirisena
Maithripala Yapa Sirisena ( si, පල්ලෙවත්ත ගමරාළලාගේ මෛත්රීපාල යාපා සිරිසේන; ta, பல்லேவத்த கமராளலாகே மைத்திரிபால யாப்பா சிறிசேன; born 3 September 1951) is a Sri Lankan politician who served as the seventh President of Sri Lanka from 9 January 2015 to 18 November 2019. Sirisena is Sri Lanka's first president from the North Central Province of the country and does not belong to the traditional Sri Lankan political elite. He is currently a member of parliament from Polonnaruwa. Sirisena joined mainstream politics in 1989 as a member of the Parliament of Sri Lanka and has held several ministries since 1994. He was the general-secretary of the Sri Lanka Freedom Party and was Minister of Health until November 2014 when he announced his candidacy for the 2015 presidential election as the opposition coalition's "common ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Sunday Leader
''The Sunday Leader'' was an English-language Sri Lankan weekly newspaper published by Leader Publications (Private) Limited. It was founded in 1994 and is published from Colombo. Its sister newspapers are the '' Iruresa'' ('' Irudina'') and the defunct '' The Morning Leader''. Founded by brothers Lasantha Wickrematunge and Lal Wickrematunge, the newspaper is known for its outspoken and controversial news coverage. The newspaper and its staff have been attacked and threatened several times and its founding editor Lasantha Wickrematunge was assassinated. History ''The Sunday Leader'' was founded in 1994 by brothers Lasantha Wickrematunge and Lal Wickrematunge with the first edition being published on 19 June 1994. The newspaper was associated with silent partner and leading politician and presidential candidate Gamini Dissanayake who was assassinated on 24 October 1994. ''The Sunday Leader'' was shut down by the Sri Lankan government on 22 May 2000 using the recently passed cens ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Presidential Secretariat (Sri Lanka)
The Presidential Secretariat ( Sinhala: ජනාධිපති ලේකම් කාර්යාලය; janādhipati lēkam kāryālaya) is the office of the President of Sri Lanka. It provides the administrative and institutional framework for the exercise of the duties, responsibilities and powers vested in the President by the Constitution. The Presidential Secretariat is located in the Old Parliament Building in Colombo. The head of the Presidential Secretariat is the Secretary to the President (also known as the President's Secretary), who is ex officio the most senior civil servant and head of the Sri Lanka Administrative Service. The current President's Secretary is Gamini Senarath. The post has its roots from the post of Secretary to the Governors of Ceylon and thereafter the Secretary to the Governor-General of Ceylon. Duties President's Office shall be concerned with the following aspects of governance:- * Co-ordinating and reviewing the implementation of Go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Sri Lanka
The Central Bank of Sri Lanka ( CBSL; si, ශ්රී ලංකා මහ බැංකුව, Sri Lanka Maha Bankuwa) is the monetary authority of Sri Lanka. It was established in 1950 under the Monetary Law Act No.58 of 1949 (MLA), it is a semi-autonomous body, and following the amendments to the MLA in December 2002, is governed by a five-member Monetary Board, comprising the Governor as chairman, the Secretary to the Ministry of Finance and Planning, and three members appointed by the President of Sri Lanka, on the recommendation of the Minister of Finance, with the concurrence of the Constitutional Council. History The Central Bank of Sri Lanka was established in 1950, two years after independence. The founder governor of the Central Bank of Sri Lanka was John Exter, while the minister of finance at the time was J. R. Jayewardene. Under the former name of Central Bank of Ceylon, it replaced the Currency Board that until then had been responsible for issuing the country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prasanna Jayawardena
Prasanna Sujeewa Jayawardena, PC (10 March 1956 – 24 December 2019) was a Sri Lankan judge and lawyer. He was a puisne justice of the Supreme Court of Sri Lanka. Career Jayawardena was educated at the Royal College, Colombo and the University of Colombo, graduating in 1978 with an LL.B. (Honours). He worked briefly as a research officer in the legal research division of Marga Institute, headed by Dr Neelan Tiruchelvam, PC. In 1979, he joined HSBC as an Executive Management Trainee, serving in many positions in Sri Lanka and overseas until 1989. He passed his attorneys final examination at the Sri Lanka Law College with a class and apprenticed under B.J. Fernando, PC. When Fernando retired in 1991, Jayawardena started his own practice, specializing in civil law, in the areas of commercial, banking, company, industrial and intellectual property law; appearing in the Commercial High Courts, District Courts, Court of Appeal and Supreme Court. He was appointed a President's Coun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Presidential Commission Of Inquiry
A Presidential Commission of Inquiry is a major ad-hoc formal public inquiry into a defined issue ordered by the President of Sri Lanka to report findings, give advice and make recommendations. Types Two types of inquiries can be commissioned; * ''Commission of Inquiry'' appointed under the provisions of the Commission of Inquiry Act of 1948, which as since been amended in 1950, 1953, 1955 and 2008. * ''Special Presidential Commission of Inquiry'' appointed under the provisions of the Special Presidential Commissions of Inquiry Law, No. 07 of 1978. Powers Commission of Inquiry * Procure and receive all evidence (written or oral) regarding the matter inquired * Examine all persons whom the commission thinks should be procured or examined as witnesses * Require the evidence (written or oral) of any witness to be given on oath or affirmation * Summon any person residing in Sri Lanka to attend any meeting of the commission to give evidence or produce any document or others in his pos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Committee On Public Enterprises (Sri Lanka)
The Committee On Public Enterprises (COPE) is a parliamentary committee established on July 21, 1979 by the Parliament of Sri Lanka. Mission The intention of the committee is to ensure the compliance of financial discipline in Public Corporations and other Semi Governmental bodies in which the Government of Sri Lanka has a financial stake. Structure COPE consists of 31 Members reflecting the party composition in the House established under the Standing Order 126 at the beginning of each Parliamentary Session and the Chairman is elected by the Members of the Committee at its first session. Its quorum is four. Past chairmen * George Abeygunasekera, M.P. * M. S. Amarasiri, M.P. * John Amaratunga, M.P. * Wimal Wickramasinghe, M.P. * Rohan Abeygunasekera, M.P. * D. P. Wickremasinghe, M.P. * Prof. W. A. Wiswa Warnapala, M.P. * Reggie Ranatunga, M.P. * Jeyaraj Fernandopulle, M.P. * Rohitha Bogollagama, M.P. * Wijeyadasa Rajapakshe, M.P. * W. D. J. Senewiratne, M.P. * D. E. W. Gunasek ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Primary Dealer
A primary dealer is a firm that buys government securities directly from a government, with the intention of reselling them to others, thus acting as a market maker of government securities. The government may regulate the behaviour and number of its primary dealers and impose conditions of entry. Some governments sell their securities only to primary dealers; some sell them to others as well. Governments that use primary dealers include Australia, Belgium, Brazil, Canada, China, France, Hong Kong, India, Italy, Japan, Singapore, Spain, the United Kingdom, Pakistan and the United States. Primary dealers in the United States In the United States, a primary dealer is a bank or securities broker-dealer that is permitted to trade directly with the Federal Reserve System ("the Fed").Federal Reserve Bank of New York: ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Daily Mirror (Sri Lanka)
''Daily Mirror'' is a daily English-language newspaper published in Colombo, Sri Lanka, by Wijeya Newspapers. Its Sunday counterpart is the ''Sunday Times''. Its sister newspaper on financial issues is the ''Daily FT''. Daily supplements ;Mondays through Saturdays *''Mirror Business'' *''Life'' ;Tuesdays *''W@W – Women at work'' ;Thursdays *''Junior Mirror'' See also *''Lankadeepa'', Sinhala-language sister newspaper *''Tamil Mirror'', Tamil-language Tamil (; ' , ) is a Dravidian language natively spoken by the Tamil people of South Asia. Tamil is an official language of the Indian state of Tamil Nadu, the sovereign nations of Sri Lanka and Singapore, and the Indian territory of Pud ... sister newspaper Notes External links * - Daily Mirror Daily newspapers published in Sri Lanka English-language newspapers published in Sri Lanka Publications established in 1999 Wijeya Newspapers Mass media in Colombo {{SriLanka-newspaper-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
News First
News First or News 1st is a Sri Lankan news organization owned by the Capital Maharaja Organization Ltd. News 1st primarily broadcasts news, live on three TV channels (Sirasa TV, Shakthi TV, TV1, five radio channels (Sirasa FM, Yes FM, Shakthi FM, Y FM and Legends FM), three websites in Sinhala, English & Tamil languages, and social media platforms (YouTube, Facebook, Twitter). Programmes Village Council (Gammedda) News 1st initiated the “Gammedda” programme to invigorate the Village Council fora, by taking it to the masses and strengthening the fundamentals of democracy by instilling the ideal that the relevant authorities and highest echelons of government are directly responsible to the people. Construction Clinic (Danamuthu Sayanaya) News 1st, S-Lon Construction Clinic called Danamuthu Sayanaya is another initiative carried out with the participation of the renowned architects, builders, and engineers in the country. These professionals provide advice free of charge. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arjuna Mahendran
Lakshman Arjuna Mahendran is a Sri Lankan-born Singaporean economist and banker. He is a former Governor of the Central Bank of Sri Lanka (CBSL), having been appointed by President Maithripala Sirisena in January 2015 and served until the end of his term in 30 June 2016. He was the former Managing Director of HSBC Private Bank, Chief Investment Officer of Emirates NBD as well as Chairman and Director-General of the Board of Investment of Sri Lanka.Arjuna Mahendran new CB Governor Dailymirror.lk. Retrieved on 19 November 2015.Arjuna Mahendran Emiratesnbd.com. Retrieved on 19 November 2015. Mahendran is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
