News
Central Bank’s new Governing Board meets
The Central Bank Friday said its ‘Governing Board’ established under a new monetary law has had its first meeting.
The following persons make up the Governing Board: Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, as the Chairman, Sanjeeva Jayawardena, President’s Counsel, who was previously, a member of the Monetary Board, Nihal Fonseka, who was previously a member of the Monetary Board, Ravi Ratnayake and Anushka Wijesingha.
The members of the Governing Board, will also be members of a Monetary Policy Board of the Central Bank which will set rates. This Board will convene shortly, for its very first meeting, the statement said.
The Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to instruct the Legal Draftsman to prepare a draft bill to amend the State Mortgage and Investment Bank Law No. 13 of 1975
By Cabinet decision dated 2025-12-01, policy approval was granted to amend the definition of the term “animal” in the Animals Act No. 29 of 1958 by including, pigs, goats, and sheep, in addition to cattle and buffaloes, within the interpretation section of the act.
In accordance with the said approval, the Legal Draftsman has drafted an Amended Bill in all three languages, and the clearance of the Attorney General has also been obtained.
Accordingly, the Cabinet of Ministers has approved the
resolution furnished by the Minister of Agriculture, Livestock, Land and Irrigation to publish the draft Amendment Bill in the Government Gazette and thereafter to submit the same to the Parliament for its concurrence.
News
Cabinet approves establishment of a ‘Trust’ to carry out the management of the Jaffna Thiruvalluvar Cultural Centre
The Jaffna Thiruvalluvar Cultural Centre, comprising 11 floors, has been constructed with the assistance of the Government of India with the objective of serving as a hub for cultural activities in Sri Lanka and expanding bilateral cooperation for the promotion, preservation, and fostering the cultural heritage of Jaffna.
In accordance with the approval granted at the Cabinet meeting held on 2022-02-21, a Joint Management Committee has been appointed to make decisions relating to the affairs of the said cultural centre, in terms of the Memorandum of Understanding signed for the operation of the Jaffna Thiruvalluvar Cultural Centre.
According to the provisions of the aforementioned MOU, upon completion of the construction of the project, the cultural centre should be transferred to the Jaffna Municipal Council through the Government of Sri Lanka.
Following such transfer, the relevant parties have reached an agreement to establish a ‘trust’ for carrying out the management activities of the centre. The Attorney General’s clearance has been received for the draft trust deed prepared for that purpose.
Accordingly, the Cabinet of Ministers has approved the resolution furnished by the Minister of Buddhasasana, Religious and Cultural Affairs to establish the trust to continue the management activities of the Jaffna Thiruvalluvar Cultural Centre
State Mortgage and Investment Bank Law No. 13 of 1975 to be amended
Animals Act No. 29 of 1958 amended
Cabinet approves establishment of a ‘Trust’ to carry out the management of the Jaffna Thiruvalluvar Cultural Centre
Prime Minister Keir Starmer under pressure as ministers quit, 80 MPs urge him to resign
Nahid Rana rips through Pakistan to seal a final-session win for Bangladesh
South Africa’s Shabnim Ismail reverses retirement for T20 World Cup
‘Dates have the highest sugar content to fight Coronavirus’
Sunday Island 27 December – Headlines
#SundayIsland 17th December – Headlines
Sunday Island – 28th March
Sunday Island Headlines – 21 March
Sunday Island – 21st February – Headlines
-
News6 days agoMIT expert warns of catastrophic consequences of USD 2.5 mn Treasury heist
-
News3 days agoLanka Port City officials to meet investors in Dubai
-
Editorial6 days agoClean Sri Lanka and dirty politics
-
Editorial5 days agoThe Vijay factor
-
News4 days agoSLPP expresses concern over death of former SriLankan CEO
-
News7 days agoDevelopment Officer bids Rs. 48 mn for CPC’s V8 at auction
-
Opinion7 days agoPostmortem reports and the pursuit of justice
-
News4 days agoPolice inform Fort Magistrate’s Court of finding ex-CEO of SriLankan dead under suspicious circumstances