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Supreme Court Rules Duminda Silva’s Pardon Unlawful

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January 17, Colombo (LNW): Sri Lanka’s Supreme Court has ruled that the presidential pardon granted to former MP Duminda Silva by ex-President Gotabaya Rajapaksa was unlawful. Silva, along with four others, had been convicted in 2016 for the 2011 murder of politician Bharatha Lakshman Premachandra.

The High Court had sentenced all five individuals to death, a verdict subsequently upheld by a five-judge bench of the Supreme Court. However, following his election victory in 2019, Gotabaya Rajapaksa granted a pardon exclusively to Duminda Silva.

The unexpected and controversial pardon prompted three separate fundamental rights petitions challenging its legality, filed by Hirunika Premachandra, Sumana Premachandra, and Former Human Rights Commissioner Ghazali Hussain, PC.

After thorough consideration, the bench, comprised of Justices P. Padman Surasena, Gamini Amarasekera, and Arjuna Obeysekera, unanimously concluded that the pardon process was flawed, rendering it unlawful.

The High Court had sentenced all five individuals to death, a verdict subsequently upheld by a five-judge bench of the Supreme Court. However, following his election victory in 2019, Gotabaya Rajapaksa granted a pardon exclusively to Duminda Silva.

The unexpected and controversial pardon prompted three separate fundamental rights petitions challenging its legality, filed by Hirunika Premachandra, Sumana Premachandra, and Former Human Rights Commissioner Ghazali Hussain, PC.

After thorough consideration, the bench, comprised of Justices P. Padman Surasena, Gamini Amarasekera, and Arjuna Obeysekera, unanimously concluded that the pardon process was flawed, rendering it unlawful.

SL’s banking supervision to be strengthened following international good practices

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By: Staff Writer

January 17, Colombo (LNW): Sri Lanka’s banking supervisory processes being handled by the Central Bank is now set to be strengthened following international good practices to promote the safety and soundness of banks, official sources claimed.  

However the government ownership and reduce potential exposure to illegitimate business practices have become a stumbling block for the stat banking sector performances in the recent past, IMF report observed.

In particular, supervisory processes should be developed to ensure that there is no supervisory forbearance, specific risks and challenges.

These specific risks and challenges arising from state ownership are identified and addressed timely, and ensure effective implementation of the good corporate governance framework and practices, in particular regarding the bank board’s composition, the processes for nominating and appointing the directors and senior managers,, it added.

Sticking to IMF directives, the Central Bank announced this week its intention to forward guidelines for appointing the State bank Board of Directors to the Finance Ministry.

“For State-owned banks, which account for 48% of the banking sector assets, the Central Bank expects to issue guidance to the Finance Ministry on appointments to the Board of Directors of such banks,” the Central Bank Governor Dr. Nandalal Weerasinghe said.

He noted that the development of a framework will strengthen State bank governance by mandating that a majority of independent members serve on their Boards.

“Nominations for the Board of Directors and senior management will be made by the banks’ nomination committees using open search procedures with specific standards for professional expertise and independence,” he added.

The assessment of the fitness and propriety of directors, chief executive officers and key management personnel of Licensed Commercial Banks (LCBs) is to be strengthened through the granting of approval for persons with relevant qualifications and experience, thereby improving the composition and competencies of the Board of Directors.

“The proposed amendments to the Banking Act will strengthen the legal and regulatory framework of licenced banks,” he said, adding that the Banking (Amendment) Bill is likely to be enacted in Parliament in early 2024.

The key amendments proposed include strengthening minimum licensing requirements, corporate governance, shareholder suitability, subsidiarisation of foreign banks, as deemed necessary, bank ownership, acquisitions, mergers and consolidation, disposal of non-financial subsidiaries, consolidated supervision, accounts and audit, proportionality, large exposures, and related party transactions.   

The regulatory framework that applies to public banks should be no less stringent that the one that applies to private banks. Ownership arrangements should be designed to avoid conflict of interest. in transactions, he pointed out.

However, the Banking Act sets that banking licences are issued by the Monetary Board with the approval of the Ministry of Finance.

Such provisions, in addition to the Government’s representation on the Monetary Board, the central bank body deciding on every regulatory and supervisory matter, may impair the independence of the Central Bank.

Dollar rate in Sri Lanka today(Jan 17)

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January 17, Colombo (LNW): The Sri Lankan Rupee has further appreciated against the US Dollar at commercial banks in Sri Lanka on January 17, compared to the previous day.

At Peoples Bank, both the buying and selling rates of the US Dollar have seen a decrease, moving from Rs. 316.03 to Rs. 315.79 for buying and from Rs. 327.05 to Rs. 326.79 for selling.

According to Commercial Bank, the buying rate of the US Dollar has decreased from Rs. 315.91 to Rs. 315.42, while the selling rate has also dropped from Rs. 326 to Rs. 325.50.

At Sampath Bank, the buying and selling rates of the US Dollar remain unchanged at Rs. 317 and Rs. 326, respectively.

Sri Lanka Original Narrative Summary: 17/01

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  1. IMF officials led by Mission Chief Peter Breuer tour the Jaffna District: meet Provincial Governor P M S Charles and discuss economic growth in the Province, de-mining, resettlement of conflict-displaced individuals & compensation for conflict victims: also discuss educational matters related to the Jaffna University, post-Covid operations, and effects of climate change in the region.
  2. Energy Minister Kanchana Wijesekera reveals that over one million electricity disconnections occurred in 2023, marking the highest number in history: says that out of nearly 7 million users, defaulted payments led to 1,064,400 disconnections: CEB was responsible for 965,566 disconnections and LECO for 98,834 disconnections.
  3. Consumers experience profound misery as the relentless surge in the cost of living reaches new & distressing heights: vegetables at staggering prices: Carrots Rs.2,200 per kg, broccoli Rs.7,000, Beans Rs.1,400, Beetroot Rs.1,200, Green chillies Rs.1,400: Central Bank says Inflation has moderated to less than 5%, and IMF praises the outcome.
  4. Speaker Mahinda Yapa Abeywardena says the 4th Session of the 9th Parliament will be ended on 24th January ’24: the termination date to be confirmed through a gazette issued by the President.
  5. Pivithuru Hela Urumaya leader & MP Udaya Gammanpila says the process of insulting Buddhism in the country is now a highly organized process and colossal amounts of money is invested by certain foreign countries for this purpose: also says those who insult Buddhism receive massive sums of money.
  6. Govt. seeks 3 weeks to respond to the health sector non-medical employees’ unions’ who are demanding the “Disturbance, Availability and Transport” allowance of Rs.35,000 as provided to doctors.
  7. Elections Commission Chairman R M A L Rathnayake says the Commission had already initiated work related to the Presidential Election: also says he hopes the necessary funds for the preliminary work will be received by the end of June’24.
  8. Recent Govt audit report reveals that the Prisons capacity has exceeded by 232%.
  9. Met Dept says polluted air from India has caused haze in Bandarawela & Badulla: explains that the wind flow from New Delhi comes in a circular motion where it travels from Delhi towards Bay of Bengal, and that this wind flow curves from Bay of Bengal thereby entering SL from the East.
  10. Zimbabwe wins the 2nd Cricket T20I against SL, by 4 wickets: SL – 173/6 in 20 overs: Charith Asalanka 69, Angelo Mathews 66*: Zimbabwe 178/6 in 19.5 overs.

Revised Academic Term Schedule Announced by Ministry of Education

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January 17, Colombo (LNW): The Ministry of Education has released the revised schedule for the second phase of the 3rd academic term of 2023 for government and government-approved private schools. The updated start date for this term is now set for Monday, February 05, 2024.

Originally, the Education Ministry had planned to commence the second phase on February 01, 2024. However, this date had to be rescheduled due to a decision made by the Examinations Department. The department opted to reconduct the Agriculture Science paper for the ongoing 2023 GCE Advanced Level Examinations on February 01, 2024. The decision was prompted by concerns of paper leaks on social media, leading to the nullification of both papers 1 and 2 of the Agriculture Science examination. Consequently, the Ministry of Education adjusted the academic term schedule to accommodate the changed examination dates.

Colombo Port Witnesses Surge in Container Volumes Amid Red Sea Tensions

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January 17, Colombo (LNW): Sri Lanka’s Colombo port has experienced a significant increase in container volumes in recent weeks, attributed to vessels diverting from tensions in the southern Red Sea. Shipping companies are opting for Colombo as a transit point, avoiding the conflict-ridden Red Sea route.

Yemen’s Iran-backed Houthi rebels have targeted ships in the Red Sea since November, disrupting a crucial route accounting for approximately 12% of global shipping traffic. In response, some shipping companies are rerouting vessels around Africa’s Cape of Good Hope, despite it being a slower and costlier alternative.

Colombo’s strategic location has made it a preferred hub for ships seeking access to the Middle East, South Asia, and East Asia. Lal Weerasinghe, a senior official at the Sri Lanka Ports Authority (SLPA), explained that Colombo is the first hub ships encounter after passing South Africa, making it a convenient port for access.

The Port of Colombo, a key link between Africa, the Middle East, and East Asia, recorded a 2% increase in container volumes, handling 6.94 million 20-foot equivalent units (TEUs) in 2023, with a notable 15% jump in TEUs in December alone.

Over the past four to six weeks, shipping lines have sought additional berthing windows, and transshipment volumes from neighboring India have also risen. Weerasinghe noted an increase of approximately 1,000 TEUs per day, leading to a need to decline requests from some shipping lines to avoid delays for existing customers.

Mediterranean Shipping Company accounts for up to 50% of the increased traffic. Colombo is increasingly being utilized as a relaying port, with ships offloading their entire cargo to different vessels.

Shortage of Heart Stents Raises Concerns at Colombo National Hospital

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January 17, Colombo (LNW): A shortage of essential stents required for heart surgeries at the Colombo National Hospital is causing difficulties for patients, raising concerns about potential risks for those dealing with cardiac conditions.

Dr. Chamil Wijesinghe, spokesperson for the Government Medical Officers’ Association, emphasized the critical situation, expressing worries about the lives of heart patients being at risk due to the unavailability of necessary stents.

In an effort to verify the situation, News 1st reached out to Dr. Kumara Wickramasinghe, Director of the National Hospital, who confirmed the shortage of stents. This acknowledgment underscores the gravity of the situation, as a reliable supply of these medical devices is crucial for heart surgeries.

Dr. Palitha Mahipala, Secretary of the Ministry of Health, further confirmed the ongoing shortage. However, he provided reassurance by stating that orders have been placed to replenish the necessary medical supplies.

CBSL Issues Warning on Rising Cryptocurrency Scams

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January 17, Colombo (LNW): In a recent announcement, the Central Bank of Sri Lanka has once again sounded the alarm regarding an escalating number of financial scams associated with promises of high returns through cryptocurrency investments.

The bank emphasizes that it has neither granted licenses nor provided authorization to individuals or businesses for engaging in activities such as cryptocurrency operations, Initial Coin Offerings (ICOs), mining, exchanges, deposit-taking or custody services, or advisory services related to cryptocurrencies.

Highlighting the alarming surge in fraudulent activities linked to crypto investments, the Central Bank urges the public to be vigilant and acquainted with the tactics employed by fraudsters to protect their finances.

The bank’s message warns against the various tactics employed by scammers, including the exploitation of social media platforms to promote schemes with high returns, often accompanied by boasts of claimed earnings. It underscores the use of communication channels like Whatsapp and Telegram by scammers to interact with potential victims.

The announcement sheds light on how scam advertisements often lead individuals to professional-looking websites, designed to mask their fraudulent nature. Some scammers even go so far as to conduct classes or awareness sessions on fabricated platforms, disseminating misleading information about earning high returns or trading cryptocurrencies.

Once an investment is made, scammers may swiftly seize funds or continue the deception to attract more victims. The announcement emphasizes the importance of recognizing potential scams, as victims may not realize they’ve fallen prey until attempting to divest from their investments.

Providing insights on protecting oneself from scams, the announcement highlights that cryptocurrencies are unregulated in Sri Lanka, not recognized as legal tender, and lack regulatory safeguards.

The Central Bank identifies several entities found promoting the involvement of cryptocurrencies, including Sport Chain App, Sports Chain ZS Society Sri Lanka, OnmaxDT 3, MTFE App, MTFE SL Group, MTFE Success Lanka (Pvt) Ltd, and MTFE DSCC Group (Pvt) Ltd.

SL High Commissioner to UK extends courtesy call to Archbishop of Canterbury Right Reverend Justin Welby

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January 16, London, UK (LNW): The High Commissioner of Sri Lanka to the United Kingdom, Rohitha Bogollagama, paid a gracious courtesy call on the Archbishop of Canterbury, Right Reverend Justin Welby, on 11 January 2024 at the Lambeth Palace in London. the Sri Lankan High Commission in London said in a statement today (16).

Prior to their meeting, an Anglican paternity led by the Archbishop convened at the St-Mary-at-Lambeth church, offering prayers for the well-being of Sri Lanka.

During their interaction, High Commissioner Bogollagama and Archbishop Welby delved into the historical significance of the Church of Ceylon, established in 1845 as an extra-provincial jurisdiction of the Archbishop of Canterbury.

The discussion extended to exploring proposed reforms for the Church of Sri Lanka.

Archbishop Welby fondly recalled his visit to the Temple of the Tooth Relic during his tour to Sri Lanka in 2019.

In turn, High Commissioner Bogollagama provided a comprehensive briefing on the Buddhist heritage and the evolution of Buddhist institutions in Sri Lanka.

The dignitaries engaged in an extensive dialogue covering various facets relevant to Sri Lanka, including the country’s current economic and political landscape, international relations, economic ties between the United Kingdom and Sri Lanka, and the ongoing reconciliation process.

Archbishop Welby expressed the opinion that an effective reconciliation process must emanate from within the relevant community.

Archbishop Justin Welby, serving as the 105th Archbishop of Canterbury since 2013, holds the esteemed position of being the Primate of All England and the symbolic head primus inter pares of the worldwide Anglican Communion.

The High Commission of Sri Lanka looks forward to continued collaboration and strengthened ties between Sri Lanka and the Church of England.

Public demonstration urging arrest of ex-Health Minister Keheliya Rambukwella (PHOTOS)

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January 16, Colombo (LNW): A demonstration was staged in front of the Ministry of Health this (16) afternoon, marked by a fervent demand for the arrest of former Health Minister Keheliya Rambukwella.

The protesters alleged that the former minister jeopardised patient lives by permitting the importation of substandard medicines.

The roots of this protest trace back to January 1, when individuals, including Dr. Chamal Sanjeeva, laid a wreath in protest in front of Rambukwella’s residence in Colombo.

This act was a response to the ex-minister’s alleged involvement in allowing substandard medicines into the country. A complaint was filed against three individuals, including Dr. Chamal Sanjeeva, following this demonstration.

As part of the protest today, two replicas of corpses were brought to the site, symbolising death, in addition to wreaths. A street play condemning the ex minister’s actions was also added to the demonstration.

The protesters initially intended to march from the Ministry of Health to the police station with the effigies and wreaths. However, due to police restrictions, they opted to transport the symbolic elements in a vehicle to the Kuruduwatta Police station.

Tensions arose between the Police and protesters as they were not permitted to proceed on foot. Consequently, replicas of wreaths and corpses were placed in front of the Police station, resulting in additional confrontations.

Notably, Samagi Jana Balawegaya (SJB) MP, Dr. Kavinda Jayawardena, arrived at the scene to express his solidarity with the protest. However, he faced severe opposition from the demonstrators, who asserted that a robust opposition would prevent the government from engaging in activities detrimental to human welfare.

Despite the protests, Jayawardena left the scene.

The demonstration garnered support from civil society activists and various individuals concerned about the alleged actions of the former Health Minister.

Photo Courtesy: Ajith Senevirathne

To view full photos, visit READPHOTOS