News
CBSL denies 70% pay hike
… seeks opportunity to tell Parliament its side of story
No salary increases for Central Bank workers until 2027
Trade unions, etc., agreed to pay hikes
by Shamindra Ferdinando
The Governing Board of the Central Bank of Sri Lanka (CBSL), embroiled in an ongoing controversy over recent salary hikes granted to its employees, has sought an opportunity to explain to Parliament what a senior official called the rationale behind the pay hike.
Authoritative CBSL sources told The Island that the request had been made through the Finance Ministry to Parliament seeking an early meeting with the relevant committees.
The Governing Board consists of Dr. P Nandalal Weerasinghe (Chairman), A N Fonseka, Dr. Ravi Ratnayake, Anushka S Wijesinha, Vish Govindasamy, Rajeev Amarasuriya and Manil Jayesinghe.
Responding to queries, sources denied accusations that the CBSL employees had been granted over 70 percent salary increase with effect from January this year. When The Island pointed out that several lawmakers had openly accused the CBSL of doing so and State Finance Minister Ranjith Siyambalapitiya declaring that the government couldn’t intervene due to the enactment of new CBSL Act, sources said that the Parliament could address the issues at hand by giving the CBSL an opportunity to give its side of the story.
Sources said that following the latest salary revision, the monthly salary bill increased by 50 percent. However, those who had been attacking the CBSL, over the salary increase, had conveniently forgotten 24 percent of that amount had been deducted and sent directly to the Inland Revenue Department as PAYE (Pay As you Earn) tax.
Sources pointed out that CBSL staff would not be entitled to salary increase until 2027 whereas the government usually granted pay hikes to workers in the state sector.
Sources denied claims that the latest salary increase has been granted under the new CBSL law. Referring to the relevant legal provision in the law, sources said: “The CBSL followed the same procedure it has been following during the last few decades. This has nothing to do with the new CBSL law. These provisions were there even in the previous law.”
Sources said that those who had received higher salaries paid taxes amounting to 36% to the government, and the latest salary increase had been determined, following consultations between the top management and recognized trade unions of the CBSL. According to sources, the management and trade unions commenced signing of three-year collective agreements, beginning in 2000. The latest agreement covers the 2024-2026 period.
Sources said that instead of asking the CBSL for an explanation, a section of the media had gone on the offensive on the basis of unsubstantiated claims and accusations. “They politicized the issue and sought to direct public anger at the bank at a time it was working overtime to bring about economic recovery,” a senior CBSL official said.
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“Let’s move forward together in unity to build a country where all labour is valued, rights are protected, and equality prevails” -PM
Prime Minister Dr Harini Amarasuriya in her May Day message called upon the working people in Sri Lanka to move forward together in unity to build a country where all labour is valued, rights are protected, and equality prevails.
The full text of the PM’s message:
The history of the Sri Lankan labour movement is a remarkable journey, shaped over decades by the blood, sweat, and sacrifices made in the pursuit of rights, justice, and dignity.
Beginning with the printers’ strike of 1893, the working people of this country emerged as an organised force. Through the trade union movement led by A. E. Goonesinha and the emergence of the Lanka Sama Samaja Party, the voice of labour gained political strength. The Railway Workers’ Strike of 1923 and the public service strike of 1947 reaffirmed that the true ’driving force’ behind the country’s economic and social transformation was its working people. I respectfully acknowledge the invaluable contributions of workers in the plantation sector, ports, railways, and across both the public and private sectors, whose dedication laid the foundation for many of the labour rights we benefit from today.
As we commemorate International Workers’ Day with dignity once again, we pay tribute to all working people across the world, including the heroic workers who sacrificed their lives in the struggle for an eight-hour workday in Chicago in 1886. This year’s May Day holds special significance as it is being celebrated under a government built through the power of the people, in honour of the entire working community of Sri Lanka.
Granting due respect to labour and safeguarding the rights of all working people are core policy commitments of our government. Accordingly, we remain dedicated to creating a fair and safe working environment by expanding existing services and implementing new programmes aimed at improving the living standards of working people.
Ensuring fair and equal access for all citizens is a fundamental objective of the government. Following that, it is our responsibility to create an environment in which everyone can lead a dignified professional life. Establishing a national social protection system that recognises unpaid labour and guarantees social security for unpaid labours is among the foremost priorities of our government.
On this May Day, we must reaffirm the importance of moving forward together in unity to build a country where all labour is valued, rights are protected, and equality prevails. With the strength and dedication of all working people, may we soon achieve the vision we all share: “A Thriving Nation – A Beautiful Life
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Heat Index at Caution Level at some places in the Northern, North-central, Eastern, Sabaragamuwa and North-western provinces and in Monaragala district during the day time
Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre
Issued at 3.30 p.m. on 30 April 2026, valid for 01 May 2026.
The Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in the Northern, North-central, Eastern, Sabaragamuwa, and North-western provinces and in Monaragala district during the day time.
The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.

Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.
ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.
Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491.
News
USD 2.5 mn fraud probe: Interdicted MoF official found dead at home
An Assistant Director of the External Resources Department (ERD) of the Ministry of Finance, interdicted pending an investigation into the diversion of US$2.5 million in Treasury funds to a rogue account was found dead at his residence in Kuliyapitiya.
The deceased has been identified as Ranga Nishantha, 50.
Police said the officer had been found in the garden of his house and they believed that the officila had committed suicide. However, investigators have not ruled out other possibilities, and inquiries are continuing.
The official was interdicted along with three other senior Finance Ministry officials over a cyber-enabled financial fraud.
Those interdicted include a Director and an Assistant Director from the ERD, as well as a Director and an Additional Director General from the Public Debt Management Office (PDMO).
Police sources said that the CID had on two occasions asked Nishantha to make a statement in connection with the ongoing investigation, but he had failed to comply.
Police said the CID probe into the alleged cyber fraud is continuing, with investigators examining the circumstances surrounding the diversion of funds through compromised communication channels.Kuliyapitiya Police said further investigations were underway to establish the exact cause of death.
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