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

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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.



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Development Officers threaten to intensify their protest

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Protesting Development Officers continued their hunger strike near the Presidential Secretariat, Colombo yesterday (01), for the seventh consecutive day.The protesters, who are members of the Lanka School Development Officers’ Association, are demanding that they be absorbed into the teacher service as they have served as teachers in state-run schools for nearly seven years.

Secretary of the Association, Viraj Manaranga, said the protesters were seeking an urgent meeting with the President. He added that a presidential aide had visited the protest site and offered to arrange for a meeting with the President on 03 Feb., but the union insisted on an earlier date. Manaranga warned that failure to grant a meeting could trigger a massive protest in Colombo today (02).

Four officers participating in the hunger strike have been hospitalised due to deteriorating health, while two more joined the fast on Saturday (31).

In a bid to raise awareness of their grievances, on 30 January a delegation of the All Island Development Officers’ Association visited Most Venerable

Warakagoda Sri Gnanarathana Thera, Mahanayake of the Asgiriya Chapter, and subsequently with the Chapter’s Registrar, Ven. Dr. Medagama Dhammananda Thera. The prelates said promises that had been made to them should be fulfilled.

The protest began on 26 January as a satyagraha, after authorities failed to respond to repeated requests to integrate the officers into the teaching service. The escalation into a fast-unto-death underscores the protesters’ frustration over the prolonged delay

by Pradeep Prasanna Samarakoon

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Auditor General to be appointed tomorrow

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Bimal

The long-vacant post of Auditor General would be filled on 03 Feb., after months of controversy and delays, Minister of Transport, Highways and Urban Development Bimal Rathnayake said on Friday (31) in Kandy.

The Constitutional Council met at the Parliamentary complex on Friday to discuss the appointment but failed to reach a decision on a suitable candidate. The President had previously proposed four names on four separate occasions, all of which were rejected. The Council is now set to consider the fifth nominee.

The post has remained vacant since April 2025, following the retirement of Chulanta Wickramaratne, who served as the 41st Auditor General. More than 10 months have passed without a permanent appointment.

Sources said a female officer in the Auditor General’s Department has been nominated again, though her previous recommendation was rejected due to some allegations against her.

Meanwhile, senior audit officer Dharmapala Gammanpila, with 31 years of service and the department’s most senior official, has received backing from the Mahanayake Theras of the three Nikayas, the Maha Sangha, and several civil society groups for appointment as the 42nd Auditor General.

Sources noted that the three civil society representatives on the Constitutional Council will play a crucial role in the final decision.

by Chaminda Silva and SK Samaranayake

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Two arrested for aiding and abetting murder

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Two 18-year-old youth were arrested by the Southern Division of the Western Province Crime Division on 31 January for allegedly aiding and abetting two murders carried out in Dehiwala and Kohuwala. ICE (crystal meth) was found in their possession at the time of arrest.

The suspects are residents of Mount Lavinia and Boralesgamuwa, according to the police. They are accused of having helped carry out a murder at a hotel in the Dehiwala Police Division on 9 January, 2026, and an attack on a person travelling in a three-wheeler at Bodhiyawatta, Kohuwala, on 12 December, 2025.

Police said the charges included sending photographs of the victims to a criminal living overseas.

Investigations revealed that the youth had acted under the direction of a criminal known as Sando.

Under the guidance of Janaka Kumara, Director of the Southern Division of the Western Province Crime Division, investigations are being led by Police Inspector Hemanta Kumara, assisted by Sub-Inspectors Prasanna Gunathilaka and Prasanna (40248), and Constables Chaminda (72987), Anil (79598), Kumar (88762), and Senanayake (19363), who are continuing the probe.

by Norman Palihawadane and Chaminda Silva

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