News
CBSL most vulnerable institution, says FSP
Frontline Socialist Party says that they had been warning that the Central Bank is the most vulnerable institution under a government headed by Ranil Wickremesinghe since he assumed duties as the President.
Party’s Propaganda Secretary Duminda Nagamuwa said that his party had warned that the Central Bank was losing its security and safety under incumbent government. “There is news that a sum of five million rupees has gone missing from the Central Bank’s vaults. This is going to be worse under the present regime which comprises those who are the main accused in the Central Bank bond scams. The Central Bank is the most vulnerable place under a group of those accused of taking its money away,” Nagamuwa said, adding that the latest incident had taken place despite high security systems said to have been installed there in the Central Bank.
“This incident should not be disregarded as there is a huge difference between the amounts of money gone missing compared to the colossal loss of the bond scam. This takes place under a government which tries all the means possible to leave the Central Bank powerless. This crime takes place under the watch of a government that attempts to bring about a Central Bank Sri Lanka Act to dismantle the bank’s financial authoritative powers,” Nagamuwa said.
We have been warning of the threat to the Central Bank since the day Wickremesinghe became the President, he said.
In terms of the provisions of the Establishments Code on payment of festival advance to government officers, there’s a possibility of obtaining rupees 10,000/- as an advance for celebrating festivals of Theipongal, Ramazan, Sinhala and Hindu New Year, Wesak, Deepavali, and Christmas as well as for pilgrimages (Sri Paada pilgrimage and Hajj pilgrimage).
Provisions have been given to recover the said advance in 08 installments or if required earlier without interest. It has been proposed by the Budget 2026 to increase the said festival advance up to rupees 15,000/-.
Accordingly, the Cabinet of Ministers granted approval to the proposal submitted by the Minister of Public Administration, Provincial Councils and Local governments to revise the relevant provisions so that the festival advance can be increased up to rupees 15,000/- .
As per the approval given by the cabinet meeting held on 02-06-2025, action is being taken at present to offer the underutilized lands/properties of the Sri Lanka State Plantation Corporation, the Janatha Etate Development Board, and the Elkaduwa Plantation Company which are under the Ministry of Plantation and Community Infrastructure which have been identified under stage one to suitable investors.
Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of Plantations and Community Infrastructure to provide following lands/properties on a lease basis to the suitable investors for optimal utilization following the prescribed procurement procedure.
• underutilized lands/properties identified under stage two owned by the Sri Lanka State Plantation Corporation, the Janatha Estate Development Board, and the Elkaduwa Plantation
Company,
• The Mawarala watte land and the Tea factory 40.48 hectares in extent, located in Matara District belonging to the Tea Shakthi Fund.
• The underutilized land of 1,541 hectares in extent of Kondachchi Estate is enjoyed by the Sri Lanka Cashew Corporation.
The drafting of the National Fisheries and Aquaculture Policy has commenced with the objective of equitable distribution of the benefits of the fisheries industry and the sustainable management of fisheries and aquaculture. This policy has been updated from time to time according to current requirements. However, steps have not been taken to obtain the approval of the Cabinet of Ministers for that purpose.
According to the policy declaration of the present government, ‘Vistas of Prosperity and Splendor’ the National Fisheries and Aquaculture Policy has been redrafted, updating the aforementioned policy in line with the economic and development objectives of the government.
The recommendations of the Department of National Planning have been received for the drafted policy.
Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of Fisheries, Aquaculture, and Marine
Resources to implement the National Fisheries and Aquaculture Policy, integrating it with other relevant policies.
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Festival advance for government officers to be increased
Providing underutilized lands/properties to suitable investors for optimal utilization.
Implementation of the National Fisheries and Aquaculture Policy
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