|
Corruption In Sri Lanka
Corruption in Sri Lanka is considered a major problem in all levels of society, from the top echelons of political power to minor staff levels. According to Transparency International's 2022 Corruption Perceptions Index (CPI), Sri Lanka scored a 36 on a scale from 0 ("highly corrupt") to 100 ("very clean"). When ranked by score, Sri Lanka ranked #101 among the 180 countries in the Index, where the country ranked #1 is perceived to have the most honest public sector. This is one place better than the 2021 CPI. For comparison with worldwide scores, the best score in the 2022 CPI was 90 (ranked #1), the worst was 12 (ranked #180), and the average was 43. For comparison with regional scores, the best score among Asia Pacific countries was 87, the worst was 17 and the average was 45. Corruption directly affects the welfare of citizens by decreasing public investments in health, education, infrastructure, security, housing and plantations. One of the more recent forms of corruption i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Flag Of Sri Lanka
The flag of Sri Lanka ( si, ශ්රී ලංකාවේ ජාතික කොඩිය, translit=Śrī Laṃkāvē jāthika kodiya; ta, இலங்கையின் தேசியக்கொடி, translit=Ilankaiyin teciyakkoṭi), also called the ''Sinha'' Flag or Lion Flag, consists of a golden lion holding a ''kastane'' sword in its right fore-paw in a maroon background with four gold bo leaves, one in each corner. This is bordered by gold, and to its left are two vertical stripes of equal size in teal and orange, with the orange stripe closest to the lion. The lion and the maroon background represent the Sinhalese, while the saffron border and four bo leaves represent concepts of '' mettā'', ''karuṇā'', ''muditā'' and '' upekshā'' respectively. The stripes represent the country's two largest minorities, with the orange representing the Tamils living in Sri Lanka – both the Sri Lankan Tamils and the Indian Tamils of Sri Lanka – and the green stripe r ... [...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] |
The Sunday Times (Sri Lanka)
''The Sunday Times'' is a weekly Sri Lankan broadsheet initially published by the now defunct Times Group, until 1991, when it was taken over by Wijeya Newspapers. The paper features articles of journalists such as defence columnist Iqbal Athas and Ameen Izzadeen. The daily counterpart of the Sri Lankan ''Sunday Times'' is the ''Daily Mirror''. History The first ''Times'' newspaper, ''Ceylon Times'' was established in 1846. The Times of Ceylon Ltd, which existed for 131 years, was taken over by the Sri Lankan government in 1977. Ranjith Wijewardena, the son of D. R. Wijewardena, and the chairman of Wijeya Newspapers Ltd, purchased the company which was under liquidation, in 1986. However, the newspaper ''The Sunday Times'' came into being in 1991. See also *List of newspapers in Sri Lanka The List of newspapers in Sri Lanka lists every daily and non-daily news publication currently operating in Sri Lanka. The list includes information on whether it is distributed daily or non- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Bond
A government bond or sovereign bond is a form of bond issued by a government to support public spending. It generally includes a commitment to pay periodic interest, called coupon payments'','' and to repay the face value on the maturity date. For example, a bondholder invests $20,000, called face value or principal, into a 10-year government bond with a 10% annual coupon; the government would pay the bondholder 10% interest each year and repay the $20,000 original face value at the date of maturity (i.e. after 10 years). Government bonds can be denominated in a foreign currency or the government's domestic currency. Countries with less stable economies tend to denominate their bonds in the currency of a country with a more stable economy (i.e. a hard currency). When governments with less stable economies issue bonds, there is a possibility they will be unable to repay bondholders, resulting in a default. All bonds carry a default risk. International credit rating agencies p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sri Lankan Rupee
The Sri Lankan Rupee ( si, රුපියල්, ta, ரூபாய்; Currency symbol, symbol: Re and Rs (plural) in English, රු in Sinhala, ௹ in Tamil; ISO 4217, ISO code: LKR) is the currency of Sri Lanka. It is subdivided into 100 cent (currency), cents, but cents are rarely seen in circulation due to its low value. It is issued by the Central Bank of Sri Lanka. The abbreviation ''Re'' (singular) and ''Rs'' (plural) is generally used, the World Bank suggests SL Rs as a fully disambiguating abbreviation for distinction from other currencies named "rupee". History pound sterling, Sterling became Ceylon's official currency in 1825, replacing the Ceylonese rixdollar at a rate of £1Pound sterling, stg = rixdollars, and British silver coin was made legal tender. Treasury notes denominated in sterling were issued in 1827, replacing the earlier rixdollar notes. Rixdollar notes not presented for exchange were demonetized in June 1831. The Indian rupee was made ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ajith Nivard Cabraal
Ajith Nivard Cabraal ( si, අජිත් නිවාඩ් කබ්රාල්) (born 14 December 1954) is a Sri Lankan accountant and politician who was also the 16th Governor of the Central Bank of Sri Lanka. He is also the former State Minister of Finance, Capital Markets and State Enterprise Reforms and a national list member of parliament since 12 August 2020. He served as the Governor of the Central Bank of Sri Lanka, holding the post from 1 July 2006 until his resignation on 9 January 2015. He again became the Governor of Central Bank of Sri Lanka in September 2021, replacing W. D. Lakshman, and resigned again in April 2022. On 7 April 2022, the Colombo Magistrate Court issued an order preventing Cabraal from leaving Sri Lanka until 18 April 2022. The court order was issued on the basis of a case filed by political activist Keerthi Tennakoon against Cabraal regarding misappropriation and misuse of public funds which led to a massive economic crisis in Sri Lanka. ... [...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] |
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] |
United National Party
The United National Party, often abbreviated as UNP ( si, එක්සත් ජාතික පක්ෂය, translit=Eksath Jāthika Pakshaya, ta, ஐக்கிய தேசியக் கட்சி, translit=Aikkiya Tēciyak Kaṭci), is a centre-right political party in Sri Lanka. The UNP has served as the country's ruling party, or as part of its governing coalition, for 38 of the country's 74 years of independence, including the periods 19471956, 19651970, 19771994, 20012004 and 20152019. The party also controlled the executive presidency from its formation in 1978 until 1994. The UNP has been led by President Ranil Wickremesinghe since 1994. As of September 2021, the UNP is a member of the International Democrat Union. History Formation (1946–1952) The UNP was founded by Don Stephen Senanayake in 1946 by amalgamating three right-leaning, pro-dominion parties from the majority Sinhalese community and minority Tamil and Muslim communities. Senanayake had earlier ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sri Lanka Freedom Party
The Sri Lanka Freedom Party ( si, ශ්රී ලංකා නිදහස් පක්ෂය, translit=Śrī Laṁkā Nidahas Pakṣaya; ta, இலங்கை சுதந்திரக் கட்சி, translit=Ilaṅkai Cutantirak Kaṭci) is one of the major and most well known political parties in Sri Lanka. It was founded by S.W.R.D Bandaranaike in 1951 and, since then, has been one of the two largest parties in the Sri Lankan political arena. It first came to power in 1956 and since then has been the predominant party in government on a number of occasions. The party is generally considered as having a democratic socialist or progressive economic agenda and is often associated with nationalist Sinhalese parties. The party follows a Non-Aligned foreign policy but always had close ties to socialist nations. The Sri Lanka Freedom Party is a Second Main constituent party in the Sri Lanka People's Freedom Alliance. History After independence, the SLFP represented ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ranil Wickremesinghe
Ranil Wickremesinghe ( si, රනිල් වික්රමසිංහ, ta, ரணில் விக்கிரமசிங்க; born 24 March 1949) is a Sri Lankan politician who is the current president of Sri Lanka since 21 July 2022. He also holds the position of Minister of Finance of Sri Lanka. He has been the leader of the United National Party since 1994. He served as Prime Minister of Sri Lanka in five separate stints, leading six governments, from 1993 to 1994, 2001 to 2004, 2015 to 2018, 2018 to 2019, and in 2022. He also served as Leader of the Opposition from 1994 to 2001 and from 2004 to 2015. Born to a wealthy political family, he graduated from University of Ceylon and qualified as an advocate from the Ceylon Law College in 1972. Entering active politics in the mid-1970s with the UNP, he was first elected to Parliament from the Biyagama electorate in the 1977 parliamentary elections and was appointed Deputy Minister of Foreign Affairs, by his uncle ... [...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] |
.jpg "Click for more on -> United National Party")
