News
JVP to vote against emergency regulations and Finance Bill
Accuses govt. of being run by cabal
By Saman Indrajith
The JVP yesterday said that it would vote in Parliament against both the Proclamation of the emergency regulations by President Gotabaya Rajapaksa today (06) and the Finance Bill tomorrow (07).
Addressing the media at the party headquarters in Pelawatte, JVP leader Anura Kumara Dissanayake said that those two pieces of legislation were not for the benefit of the people, but intended to consolidate more powers in the hands of a few in the government.
“This government is led by a cabal that is never happy with whatever power they have. Their continuous efforts are to further consolidate their powers. The Finance Bill is not only for power consolidation but also to legitimize some money laundering techniques to whitewash black money. We are against both of them and would vote against them,” Dissanayake said.
The JVP leader said that the Proclamation of the emergency regulations by President Gotabaya Rajapaksa was scheduled to be taken up for debate in Parliament on Monday (06). “It will be put to vote on Monday evening. This has been brought forward as a means to provide relief to the people. If the government wants there are enough laws for that purpose. This emergency declaration has been made with the ulterior motive of further wrongfully restricting the fundamental rights of the people. This will lead the country further in the direction of authoritarianism,” Dissanayake said.
He said that some provisions in the Finance Bill would grant amnesty to tax evaders. As per the provisions of the bill, if a person fails to disclose the taxable assets and is willing to immediately invest the equivalent amount in the country, he or she can invest in other financial instruments such as purchase of shares of a resident company, treasury bills or treasury bonds issued by the Central Bank, debt securities issued by a resident company or buy any movable or immovable property in the country.
“This Bill has not been introduced for ordinary entrepreneurs who are helpless in the face of the collapsed economy due to the Covid-19 pandemic but for tax evaders. The businesses of those who have been unable to repay bank loans, leases and are facing a major crisis as a result, are closing down. The Government should provide some relief to such small and medium scale entrepreneurs. However, the Government has not brought this Bill for that. This is to facilitate tax evaders who have not been exposed and have defrauded the people of their tax money. This is simply a Bill to launder black money,” the JVP leader said.
News
Chemmani mass graves: Govt to seek international forensic help
ECONOMYNEXT –International assistance for forensic analysis of the remains unearthed at the Chemmani mass grave will be sought when the need arises, Sri Lanka’s Minister of has Justice said after opposition legislators urged the government to seek help.
“We have spoken to embassies, we have made all the local finances necessary for excavation. But when it comes to DNA analysis, depending on the type and nature we will definitely have to go for internationally recognised places,” Harshana Nanayakkara said in response to a query in Parliament.
Nanayakkara said that request for international expertise is dependant on the direction the courts give on what needs to be done, after which they will decide which agency best suits the proceedings.
The minister also recognised that local expertise is lacking in the forensic department, and the need to train local staff with the help of international experts.
Opposition MPs argued that the present need is direct help in forensics from international entities, rather than the longer term need to train the staff on analysis.
Currently, the investigation is in the excavation and exhumation stage, conducted by archaeologist Raj Somadeva and his team.
The existence of the Chemmani mass grave was first brought to light in 1998, during the trial of the rape and murder of schoolgirl Krishanti Kumaraswamy.
In February 2025, construction workers found remains near the Sinthupathy Cemetery, and following investigations ordered by the Learned Magistrate, the mass grave was discovered.
412 bodies have been discovered, with 409 bodies recovered as of 23 June 2026. According to the Office on Missing Persons, this is the 17th recorded mass grave in Sri Lanka.
News
ADB approves $57.4 million package to boost Lanka’s rooftop solar drive
The Asian Development Bank (ADB) has approved a $57.4 million financing package to help Sri Lanka expand access to affordable clean energy and reduce greenhouse gas emissions through a large-scale rooftop solar aggregation and virtual net metering programme.
The financing comprises a $35 million concessional loan, $16.9 million in grants from the European Union and $5.5 million from the Japan Fund for the Joint Crediting Mechanism. With additional contributions from implementing agencies, the total estimated cost of the project is $80.5 million.
Under the Rooftop Solar Aggregation and Virtual Net Metering Project, two state-owned utilities — Electricity Distribution Lanka (Private) Limited and Lanka Electricity Company (Private) Limited — will introduce a scalable model to collect electricity generated from large rooftop solar installations and allocate the benefits virtually among eligible consumers.
The initiative will allow consumers to access solar power benefits without having to install individual rooftop solar systems.
ADB Country Director for Sri Lanka Shannon Cowlin said the project would broaden access to affordable renewable energy while strengthening the resilience and inclusiveness of the country’s power sector.
She said the initiative would also support grid modernisation and digital transformation, while creating employment opportunities and encouraging greater participation of women and youth in the clean energy sector.
The project is expected to benefit micro, small and medium enterprises and community organisations that face financial or space constraints in installing their own rooftop solar systems. Through a social compensation mechanism, eligible groups will receive reductions in electricity costs under the virtual net metering system.
The programme will support around 25 megawatt-peak of rooftop solar capacity while strengthening distribution networks, improving digital capabilities and preparing the national grid to accommodate higher levels of distributed renewable energy.
A dedicated training facility will also be established under the project to develop green skills, enhance women’s participation in the sector and build technical expertise in advanced low-carbon technologies.
News
Bond scam case against Mahendran, Ravi K fixed for July 22
The Colombo High Court on Friday ordered that proceedings in the case filed against 11 defendants, including former Central Bank Governor Arjuna Mahendran and former Finance Minister Ravi Karunanayake, over alleged irregularities in the Central Bank bond auction be taken up again on July 22.
The case was called before Colombo High Court Judge Manjula Thilakaratne, who informed court that the Trial-at-Bar bench appointed to hear the matter had not been properly constituted.
Accordingly, the judge directed that the case be recalled on July 22 for further proceedings.
The Attorney General has filed indictments under the Public Property Act against 11 accused, including Mahendran, Karunanayake, Perpetual Treasuries Limited and its directors Arjun Aloysius and Geoffrey Aloysius.
The accused have been charged over alleged irregularities connected to a Treasury bond auction conducted by the Central Bank in March 2016.
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