News
Central Bank treading a thin line on continuation of moratoriums
By Sanath Nanayakkare
The Central Bank of Sri Lanka is not in a position to put pressure on commercial banks to offer moratoriums continuously as there was another side to the loan repayment saga, the bank’s Deputy Governor Ms.Yvette Fernando said yesterday.
“I appeal to the borrowers who can pay, to pay their loans for their own best interests. And those whose income generation has been truly affected due to the ongoing pandemic would hear an announcement from the Central Bank in the coming weeks for a different arrangement, Fernando told the media at an online forum subsequent to the CBSL Monetary Board’s monthly monetary policy review meet.
The Deputy Governor added: “I think we have been in moratoriums for about one year. We need to always remember that moratoriums have also the other side of it. When it comes to financial institutions, they have a continuous obligation to make payments to their depositors. So even as the Monetary Board and the Central Bank, we are not in a position to tell the banks continuously to continue these moratoriums. However, considering the situation, Tourism and Passenger Transport sectors are still in moratoriums with some adjustments until September. But based on the more recent situation we are going through – we have already started discussions with the banks and the Finance House Association to see how best or what kind of facilitation we can give these borrowers because we understand that there can be payment delays because of the culture of certain businesses and as a result their income generating avenues have been disturbed.
“And by all means, any bank will definitely be in a favourable way because banks also want their investments or the loans to be paid on time or avoid complete defaults. The discussions we have had with the banks in this regard have been favorable, but we are not at this point looking at a complete moratorium because I think we cannot do this when we carefully consider the point of view of the banks and finance companies also. We have to understand the fact that these banking and non-banking sector companies are operating at different levels and so they don’t have the same capacity to go through these kinds of moratoriums continuously. So we have to address that.
‘These discussions are ongoing and most probably very soon we will be able to announce something that will help the really affected borrowers also. I kindly would like to say that anybody who can pay or in a position to pay their loans should continue to do so because it is in their best interests to do so. Your delaying the payment of a loan means; there’s going to be some additions to it, so it’s in your best interests to pay while you can. But for those who are really affected, we are in the process of looking at it and we will make some announcement.
‘But broadly speaking, we are taking the position that it is the bank and the borrower who could practically agree on a suitable arrangement. One year into moratoriums, the financial institutions also know about the nature of their customers and what kind of disturbance they encountered on the ground. With that knowledge, we are looking to issue instructions to the banks in this regard.’
News
Matara Festival for the Arts’ inaugurated by the Prime Minister
The inaugural ceremony of the Matara Festival for the Arts, featuring a wide range of creations by local and international artists, was held on February 19 at the Old High Court premises of the Matara Fort, under the patronage of Prime Minister Dr. Harini Amarasuriya.
The festival, centred around the Old High Court premises in Matara and the auditorium of the Matara District Secretariat, will be open to the public from 20 to 23 of February. The festival will be featured by visual art exhibitions, short film screenings, Kala Pola, and a series of workshops conducted by experts.
The inaugural event was attended by the Minister of Women and Child Affairs, Ms. Saroja Paulraj, along with artists, guests, and a large number of schoolchildren.
(Prime Minister’s Media Division)
News
Only single MP refuses salary as Parliament details pays and allowances
Only one Member of Parliament has chosen not to receive the salaries and allowances entitled to MPs, Prime Minister Dr. Harini Amarasuriya revealed in Parliament last Thursday, shedding light on the financial perks enjoyed by members of the Tenth Parliament.
Speaking on Thursday (Feb. 19) in response to a question from SJB Badulla District MP Chaminda Wijesiri, the Prime Minister outlined the full range of pay and allowances provided to parliamentarians.
According to Dr. Amarasuriya, MPs receive a monthly allowance of Rs. 54,285, an entertainment allowance of Rs. 1,000, and a driver’s allowance of Rs. 3,500—though MPs provided with a driver through the Ministry of Public Security and Parliamentary Affairs are not eligible for the driver’s allowance.
Additional benefits include a telephone allowance of Rs. 50,000, a transport allowance of Rs. 15,000, and an office allowance of Rs. 100,000. MPs are also paid a daily sitting allowance of Rs. 2,500 for attending parliamentary sessions, with an additional Rs. 2,500 per day for participation in parliamentary sittings and Rs. 2,500 per day as a committee allowance.
Committee meetings held on non-parliament sitting days also attract Rs. 2,500 per day.
Fuel allowances are provided based on the distance between an MP’s electoral district and Parliament. National List MPs are entitled to a monthly allocation equivalent to 419.76 litres of diesel at the market price on the first day of each month.
Despite the comprehensive benefits, only SJB Badulla District MP Nayana Wasalathilaka has opted not to draw a salary or allowances. Dr. Amarasuriya said that in accordance with a written notification submitted by MP Wasalathilaka on August 20, 2025, payments have been suspended since that date.
The Prime Minister also confirmed that she, along with the Speaker, Deputy Speaker, committee chairs, ministers, deputy ministers, the Opposition Leader, and senior opposition whips, have all informed the Secretary-General of Parliament in writing that they will not claim the fuel allowance.
Challenging the ruling party’s voluntary pledge to forgo salaries, MP Wijesiri pointed out that all MPs except Wasalathilaka continue to receive their salaries and allowances. “On one hand you speak about the people’s mandate, which is good. But the mandate also included people who said they would voluntarily serve in this Parliament without salaries. Today we have been able to prove, Hon. Speaker, that except for one SJB MP, the other 224 Members are drawing parliamentary salaries,” he said.
The Prime Minister responded by defending the political culture and practice of allocating portions of MPs’ salaries to party funds. Referring to previous practices by the JVP and NPP, she said: “It is no secret to the country that the JVP has for a long time not personally taken MPs’ salaries or any allowances. I think the entire country knows that these go to a party fund. That is not new, nor is it something special to mention. The NPP operates in the same way. That too is not new; it is the culture of our political movement.”
When MP Wijesiri posed a supplementary question asking whether diverting salaries to party funds was an indirect method of taking care of MPs, Dr. Amarasuriya said: “There is no issue there. No question was raised; the Member made a statement. What we have seen throughout this week is an inability to understand our political culture and practice, and a clash with decisions taken by political movements that misused public funds. What is coming out is a certain mindset. That is why there is such an effort to find fault with the 159. None of these facts are new to people. He did not ask a question, so I have nothing to answer.”
The disclosures come days after the Government moved to abolish the parliamentary pension, a measure that has sparked renewed debate over MP compensation and the transparency of funds allocation.
News
Illegal assets of underworld figures frozen since September, Minister tells parliament
Public Security and Parliamentary Affairs Minister Ananda Wijepala on Friday (20) disclosed in Parliament details of properties and assets allegedly acquired through illegal activities by suspects arrested in raids carried out since September last year.
The Minister made the disclosure in response to a question raised by MP Ravindra Bandara, stating that the identified assets have been frozen pending further investigations.
He said the assets include properties belonging to several alleged organised crime figures, among them Mandinu Padmasiri, alias ‘Kehelbaddara Padme’, who was arrested last year.
Listing the assets in the House, the Minister said Hapugoda Arachchige Kankanamge Duminda Dilruk has assets worth Rs. 23 million frozen, including a van, a motorcycle, a house and a roller gate.
In the case of Kandaiya Kalamogan, two motorboats have been identified, although their value has not yet been assessed.
Dilum Tharaka Balasuriya is reported to own a two-storey house situated on 15 perches of land with a face value of Rs. 800,000.
Assets belonging to Mohammad Harish Mohammad and Mohammad Shiyam were frozen on January 21, 2026. While the total value has not yet been assessed, five vehicles were confiscated from the former and a car from the latter.
Wijesuriya Mahaduruge Uditha Iroshan Wijesiri has assets valued at Rs. 5 million, including a lorry, while Indika Pathmakumara’s assets include a cab worth Rs. 2.5 million and a bank account containing Rs. 1 million.
Lahiru Sampath is reported to own a three-wheeler valued at Rs. 1.8 million.
According to the Minister, Hettiarachchige Dona Sriyani Chandralatha possesses a four-storey house and 14.7 perches of land valued at Rs. 60 million.
Mandinu Padmasiri, alias ‘Kehelbaddara Padme’, owns 20 perches of land with partially constructed buildings valued at Rs. 30 million and a half-finished six-room building worth Rs. 20 million, the Minister said.
Patabendi Maddumage Shehan Sathsara, alias ‘Dehi Bale Malli’, has five multi-day fishing trawlers valued at Rs. 200 million and a two-storey house with 15.8 perches of land worth Rs. 50 million.
The Minister further disclosed that Jayasinghege Maduranga Sampath owns a cab worth Rs. 5.4 million, a van valued at Rs. 14.5 million, five bank accounts containing Rs. 73.03 million, another account with Rs. 160,328.88 and USD 544, and Rs. 283 million in cash.
Adhikari Samantha Perera is reported to own 10.10 perches of land valued at Rs. 5 million and one acre and 1.5 perches of land worth Rs. 13 million.The Minister said investigations are continuing in respect of the suspects and the frozen assets.
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