News
CBSL Governor sees good progress in negotiations with China on debt restructuring

By Rathindra Kuruwita
Sri Lanka has made good progress in debt restructuring discussions with China, and negotiations with all parties will be concluded around the same time, Governor of the Central Bank, Dr. Nandalal Weerasinghe says.
Addressing the media in Colombo on Thursday, Dr. Weerasinghe, in answer to a question posed by a journalist, denied reports that progress in debt restructuring discussions with China was lagging compared to that in negotiations with the Paris Club of nations.
“Discussions with China, India, Japan and the Paris Club are progressing well. We are working closely with everyone, and we can finish all discussions on debt restructuring with these countries around the same time,” he said.
Dr. Weerasinghe said that Sri Lanka would receive the second tranche of the IMF financial package soon. He also denied reports that state-owned banks would be restructured along with non-financial state-owned enterprises (SOEs).
Banks could not be restructured like non-financial SOEs and people shouldn’t worry about state-owned banks being privatised, the CBSL Chief said.
The Central Bank wanted to finalise amendments to the Banking Act and get them passed by Parliament, the CBSL Governor said.
“There are state-owned banks established under specific Acts. They appoint directors and board members according to those laws, and sometimes this leads to issues. We want to amend the Banking Act so that all banks adhere to the same governance processes,” Dr. Weerasinghe said.
News
IGP on the run: Raid on Sagala’s Morawaka office draws blank

… has evaded police and combined intelligence services for two weeks
by Shamindra Ferdinando
The Court of Appeal yesterday (12) declared that its ruling in Inspector General of Police (IGP) Deshabandu Tennakoon’s writ petition seeking nullification of the arrest warrant issued on him by the Matara Magistrate’s Court would be delivered on Monday (17). Meanshile, the Criminal Investigation Department (CID) searched one-time Public Security Minister Sagala Ratnayake’s Morawaka office, looking for the IGP on the run.
Ratnayake also served as former President Ranil Wickremesinghe’s Chief of Staff besides being the National Security Advisor.
Plain clothesmen raided Ratnayake’s office soon after Matara Chief Magistrate Aruna Indrajith Buddhasasa on Tuesday (11) issued an open arrest warrant on IGP Deshabandu Tennakoon following representations made by the CID regarding police (Colombo Crime Division team) shooting at luxury hotel W 15, situated at Weligama, on 31 Dec., 2023.
Earlier, plain clothesmen searched the residence of Kataragama Basnayake Nilame Dishan Wickramaratne Gunasekara at Palatuwa, Matara, in search of Deshabandu Tennakoon, who had been on the run since 28 February, when the Matara Magistrate ordered police to arrest the IGP and eight other officers attached to the CCD.
Kataragama Basnayake Nilame Dishan Gunasekara, who had been asked by the CID to report to its headquarters regarding some other investigation, flayed the government and the CID outside CID. Responding to media queries, Gunasekera alleged that none of the raiding party had been in uniform and the local police not informed of the raid.
Public Security and Parliamentary Affairs Minister Ananda Wijepala told Parliament that the CID followed proper procedure. Minister Wijepala emphasized when such raids were conducted local police were not alerted.
Although speculation is rife of the CID searching the Colombo residence of Tiran Alles, another former public Security Minister, Cabinet spokesman Dr. Nalinda Jayatissa, however, evaded the question at the post-Cabinet media briefing early this week.
Tennakoon, in his petition, has alleged that Secretary to the Ministry of Public Security, Ravi Seneviratne, and former CID Director, SSP Shani Abeysekara, were pushing for his arrest.
News
Inauguration ceremony of the 1st intake of students of Institute of Chemistry Ceylon (IChemC)-2025

The inauguration ceremony to welcome the 1st intake of students for this year at Institute of Chemistry Ceylon (IChemC) was held on the 9th of March, 2025. The Vice Chancellor of University of Sri Jayewardenepura (USJ), Prof. P.M. Manage was the chief guest on the occasion. The President of IChemC, Prof. Janitha Liyanage, Dean of the College, Prof. Chandani Perera, Council members, Internal academic staff, Administrative staff, Students, and Parents participated in the event.
The Dean welcomed the students and gave a brief introduction about the College and the Institute, which has been providing education in chemistry and related fields for generations of Sri Lankans as the professional body of chemists in Sri Lanka. The President explained the importance of getting the education from a well-recognized Institute in shaping their future and elaborated on the facilities that IChemC is expected to provide students in their journey of higher education. This includes not just the provision of knowledge in chemistry, but helping in improving the skills and personality through various educational, co-curricular and extra-curricular activities that will build a well-rounded graduate for the world of work.
The chief guest, Prof. Manage, who is a researcher in the disciplines of Zoology and water remediation, stated the importance of research in the field of chemistry and its relevance to many other fields as the central science. He also iterated the vital contributions of IChemC in different ways towards the development of our country, and wished the students all the very best in their future as they begin a new chapter in their lives.
Dr. Kushan Weerasiri, a senior lecturer of IChemC and the enrolment coordinator, explained the structure of the degree and the academic program that students are expected to follow during the next four years. The event concluded with a delightful singing performance by the Music Circle of IChemC consisting of current students.
IChemC is offering the BSc honors degree in Chemical Science and the Graduateship in Chemistry (GIC) as the professional program, in addition to several other new degree and diploma programs. For the year 2025, IChemC is expecting to enroll its second intake of students following the release of GCE A/L results in 2025. For more information on the degree and diploma programs offered by IChemC, please call 0112861231 or 0777004239.
News
Pathfinder Foundation completes Preliminary Phase of Pali Preservation and Development Initiative

The distribution of copies of the long out-of-print Pali grammar known as the Namamala to the principal Buddhist chapters, parshawayas, and senior prelates of the principal holy sites was recently completed. This invaluable book was reprinted with the purpose of making it freely available to religious institutions, pirivenas, and Pali scholars. It was carried out as the first phase of the Pathfinder Foundation Pali Preservation and Development Initiative. The Namamala is one of the most important Pali Grammar books written in Sinhala for Pali learners. It was composed by the Most Ven. Waskaduwe Subhuti Mahanayake in 1876 and last reprinted in the 1960s.The project was an initiative of the Pathfinder Foundation with the assistance of the Indian High Commission. Recently, Pali was officially recognized as a Classical Language by the government of Prime Minister Narendra Modi in India.
Presentations of the book were made to the Karaka Sangha Sabhas of the Malwatte and Asgiriya Chapters, Amarapura Nikaya, Ramanna Nikaya, Kotte Chapter, Dambulla Parshawaya, Uva Parshwaya, Rohana Parshawaya, and the Vanavasi Chapters. Books were also presented to the Chief Prelates of the holy sites of Anuradhapura and to leading pirivenas and places of higher Pali learning in Sri Lanka. This was carried out by the Founder of the Pathfinder Foundation, Milinda Moragoda along with a Foundation team consisting of RAD Sirisena, Gamini Godakanda, Sampath Rambukkanage, and Samson Gamage.
Through this process of distribution, the Pathfinder Foundation was able to understand at first hand and make a practical assessment of the state of Pali education, especially in the context of seminaries and monasteries in the country. For the next phase in this Pathfinder initiative, currently out-of-print classical Pali works and other gaps in Pali training in pirivena seminaries were identified and prioritized with the guidance of the Maha Sangha.
Namamala, Pali Grammar books written in Sinhala for Pali learners will be available free to those interested in studying Pali, including pirivenas, temples and universities in Sri Lanka. Please contact +94 11 452 9952-3 or pm@pathfinderfoundation.org to obtain a copy.
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