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Private banks closed from yesterday due to lockdown

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Eight main private commercial banks has been closed with effect from yesterday due to the ongoing travel restrictions. Issuing statements, the banks have urged customers to use digital, online and mobile banking solutions for their urgent, essential banking needs.

 The banks that will be closed are Sampath Bank, Hatton National Bank, Commercial Bank, NDB Bank, Nations Trust Bank, Union Bank, Seylan Bank and Amãna Bank.

 Sampath Bank will reopen on June 11, Hatton National Bank on June 08, Commercial Bank on June 13, NDB Bank on June 11, Nations Trust Bank on June 12,  Union Bank on June 13, Seylan Bank on June 13 and Amãna Bank on June 11.

 Police spokesman, DIG Ajith Rohana earlier said that a large number of bank employees had been travelling to and from Colombo in recent days although the banking sector had not been declared an essential service. (RK)



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Indian warship builder eyes 51% stake in Colombo Dockyard: FSP

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The Frontline Socialist Party (FSP) has urged the NPP government to prevent Japan’s Onomichi Dockyard Company from selling its 51% ownership stake in the Colombo Dockyard Limited (CDL) to Indian government-owned Mazagon Dock Shipbuilders Limited, Mumbai, a leading shipbuilder.

FSP spokesman Pubudu Jayagoda told The Island yesterday (27) that the move seemed to be in line with the overall India-Sri Lanka understanding on the basis of the recently signed memorandum on defence cooperation.

Against the backdrop of deteriorating financial situation, the Japanese company has informed the board of directors of CDL of its plans to divest its 51 percent ownership stake in the international shipbuilding and repair company. The Japanese shipbuilder made the announcement in early Dec last year.

Alleging that an agreement has been reached on the sale of Onomichi’s controlling ownership stake to the Indian ship builder, Jayagoda questioned

the move as Mazagon primarily built a range of warships and attack submarines. Jayagoda pointed out that according to Mazagon’s profile, the Indian government-owned business undertaking was involved with European companies engaged in ship and submarine construction.

Addressing a Local Government election meeting at Weeraketiya, Pallekanda, in support of those contesting the May 6 election on the ticket of Jana Aragala Sandhanaya (JAS), the executive committee member of JAS Jayagoda emphasized that in terms of the agreement between Sri Lanka and Japan, Onomichi couldn’t sell its stake without the Sri Lankan government’s approval. Therefore, the NPP government should intervene to halt the Japanese-Indian move, the FSP spokesman said while urging the parliamentary opposition to publicly oppose the planned sale of the Japanese stake.

Among other stakeholders are Sri Lanka Insurance, Sri Lanka Ports Authority and EPF.

By Shamindra Ferdinando

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Govt. turned holy event into a mess: Kiriella

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Lakshman Kiriella

Former SJB MP Lakshman Kiriella has said the JVP/NPP government totally mishandled the Siri Dalada Vandana relic exposition and now Kandy is reeking of waste.

Kiriella said the government’s lack of planning and experience in organising large-scale national events had led to serious public health concerns in both the city and its suburbs.

“They invited the public to Kandy even without ensuring that at least adequate sanitary facilities would be available. Now, the streets are strewn with heaps of garbage, human waste, polythene bags, and even bottles of urine. People are increasingly worried that this could trigger a disease outbreak.

 “The government failed in every aspect of planning. It should have learnt from how former Presidents Ranasinghe Premadasa and Mahinda Rajapaksa handled similar expositions,” Kiriella said. “Those leaders began preparations three months ahead of the events.

They held at least 15 planning meetings, inviting MPs from both the government and Opposition to ensure proper coordination.”

Kiriella said that under past administrations, more than 10 ministries worked in unison to provide infrastructure and support for the event. “The Health Ministry ensured a steady water supply, the Housing Ministry provided tents and huts, and the Ministry of Tourism handled food and refreshments,” he recalled.

“The current government did none of this. What should have been a spiritual and well-organised national event was turned into a nightmare,” Kiriella said.

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COPE to submit reports to Parliament immediately after concluding probes

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Chairman of the Parliamentary watchdog committee COPE (Committee on Public Enterprises), Dr. Nishantha Samaraweera, says the COPE has decided to submit its reports progressively immediately after the conclusion of each probe. Previously, reports were submitted only after the conclusion of investigations into several institutions. That decision had been made due to the slow implementation of

the COPE Committee recommendations regarding irregularities and corruption revealed during investigations.The report of the investigation into the Medicines Regulatory Authority has been tabled in Parliament, and a debate is scheduled soon.Dr Samaraweera said that recommendations based on the investigation would be forwarded to the Attorney General to take legal action against those involved in corruption and fraud.He added that the COPE would also submit extracts of the reports to the CID.

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