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NSB Hands Over the Annual Report 2025 to Honourable Treasury Secretary, embarking on a Vision of ‘Empowering Every Journey’

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Secretary to the Treasury, Dr. Harshana Suriyapperuma, NSB Chairman, Dr. Harsha Cabral PC, alongside the Actg. General Manager and CEO, Rohana Bandara Weerakoon at the Annual Report 2025 handing over cermony

In a ceremony that underscored a steadfast commitment to fiscal transparency and national development, the National Savings Bank officially presented its Annual Report 2025 to Secretary to the Treasury, Dr. Harshana Suriyapperuma, at the Ministry of Finance on April 1.

The document was ceremonially handed over by NSB Chairman, Dr. Harsha Cabral PC, alongside the Actg. General Manager/CEO, Rohana Bandara Weerakoon. The occasion marked not merely a statutory formality but a significant milestone, reaffirming the Bank’s dedication to the principles of transparency, accountability, and sound financial governance.

Embodying the institution’s forward-looking vision, the Annual Report 2025 is themed “Empowering Every Journey.” This theme encapsulates NSB’s strategic evolution into a future-ready, digitally empowered financial institution, all while preserving the trusted legacy it has cultivated for over five decades in fostering a robust savings culture across the nation.

As a cornerstone of Sri Lanka’s state-owned financial sector, NSB has consistently played a pivotal role in mobilizing savings and directing vital funds toward national priorities. Since its establishment in 1972, the Bank has leveraged its extensive island-wide network to uphold a powerful mandate: promoting financial inclusion and security across every segment of society.

The Annual Report 2025 reflects a narrative of resilience and robust financial performance, building upon the significant momentum of recent years. This trajectory was underscored by an exceptional performance in 2025, with the NSB Group recording an Operating Profit before all Taxes of Rs. 59 billion, a testament to the Bank’s sustained growth and strengthened financial position. This is the highest ever profit made by NSB from its inception in 1972. This achievement follows a historic turnaround in 2024, where the Group delivered an Operating Profit before all Taxes exceeding Rs. 38 billion, together demonstrating a remarkable trajectory of enhanced operational efficiency and disciplined financial stewardship, all while maintaining a strong and stable deposit base that reinforces its status as the nation’s most trusted savings institution.



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Women’s T20 World Cup 2026 warm-up: Chamari Athapaththu’s 94 helps Sri Lanka beat Pakistan

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File photo: Chamari Athapaththu top-scored for Sri Lanka (Cricinfo)

Captain Chamari Athapaththu’s 94 helped Sri Lanka chase down 169 with ease against Pakistan. Athapaththu and Vishmi Gunaratne together started strongly, putting up a 159-run stand as Sri Lanka won with eight balls to spare.

With the ball, right-arm seamer Chethana Vimukthi, who was called up as the injured Shashini Gimhani’s replacement. for the T20 World Cup, made an impact for Sri Lanka, finishing with figures of 4 for 31. Vimukthi broke the 60-run stand between openers Muneeba Ali and Gull Feroza, following which Pakistan lost wickets regularly. Captain Fatima Sana top-scored for Pakistan from No. 7 with 37 to push the total past 150. In reply, Sri Lanka made easy work of the chase, with Athapaththu itting five sixes and nine fours in her 56-ball stay.

Scores:

Sri Lanka Women 169 for 1 in 18.4 overs (Chamari Athapaththu 94, Vishmi Gunaratne 63*; Fatima Sana 1-20 ) beat Pakistan Women  168 for 8 in 20 overs (Muneesha Ali 36, Gull Feroza 26. Ayesha Zafar 10, Saira Jabeen 12,  Fatima Sana 37, Aliya Riyaaz 22;  Sugandika Kumari  1-33,  Chethana Vimukthi 4-31, Malki Madara 1-19, Nimasha Meepage 1-16) by nine wickets

(Cricinfo)

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Open hearing on coal procurement inquiry set for July first week

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Open hearing of evidence into alleged irregularities in coal procurement is scheduled to begin in the first week of July, while the Presidential Commission of Inquiry continues recording statements from relevant officials, investigators said.

So far, the Commission has recorded statements from around 40 government officials, including members of procurement committees and other personnel attached to institutions involved in coal-related transactions.

Officials said that, depending on evidence gathered during the ongoing inquiry, statements may also be obtained from former ministers if required.

The Commission has also received 28 complaints in connection with alleged irregularities in coal imports and related procurement processes.

President Anura Kumara Dissanayake on April 17 appointed a three-member Presidential Commission of Inquiry under the Special Presidential Commissions of Inquiry Act No. 07 of 1978 to probe alleged malpractice in coal imports and electricity generation since the inception of coal-based power generation up to April 16, 2026.

The Commission is chaired by Supreme Court Justice Gihan Kulatunga, with Court of Appeal Judge Aditya Patabendige and High Court Judge Sanjeewa Somaratne serving as members. Former State Ministry Secretary P.V. Bandulasena acts as Secretary to the Commission.

The inquiry covers alleged procurement irregularities, possible financial losses to the State, import of substandard coal, quality inspection failures, contractual breaches and operational issues in power generation, including whether corrective measures were taken where necessary.

It will also identify responsible political authorities, officials of Sri Lanka Coal Company (Private) Limited and suppliers, while recommending legal or administrative action and measures to prevent future lapses.

Meanwhile, the Committee on Public Enterprises (COPE) is also preparing to table its report on coal procurement in Parliament, with officials from relevant institutions having been summoned during its proceedings. COPE Chairman MP Dr. Nishantha Samaraweera said audit findings had also been considered, and any matters requiring further investigation would be referred to law enforcement and anti-corruption authorities.

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TNA MP calls for complete repeal of PTA

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Trincomalee District TNA MP Shanakiyan Rasamanickam has submitted a motion to Parliament calling for the immediate repeal of the Prevention of Terrorism Act (PTA), arguing that the controversial law has enabled arbitrary detention, torture and the targeting of minority communities for more than four decades.

In his motion, now published in the Addendum to the Order Book of Parliament, the MP urged the Government to repeal the Prevention of Terrorism Act, No. 48 of 1979, in its entirety and refrain from introducing any replacement legislation containing similar provisions.

Rasamanickam contended that the PTA had been used for over 40 years to facilitate prolonged arbitrary detention and to obtain false confessions through torture. He further alleged that the law had disproportionately affected minority communities and civil society groups.

The motion states that there is no justification for maintaining a permanent counter-terrorism law that grants sweeping powers to the authorities.

The TNA legislator argued that existing legal provisions were sufficient to address security threats, noting that terrorism-related offences could already be prosecuted under the Penal Code.

He also pointed out that the Government retained the power to declare a state of emergency when circumstances warranted extraordinary measures, rendering a permanent anti-terrorism framework unnecessary.

Accordingly, the motion calls on Parliament to resolve that the Government take immediate steps to abolish the PTA without replacing it with legislation containing comparable powers.

The Prevention of Terrorism Act, enacted in 1979, has long been the subject of criticism from human rights organisations, civil society groups and international bodies, which have raised concerns over provisions relating to detention without trial and safeguards against abuse.

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