News
NSB honoured with prestigious accolades
The Annual Report 2021 of the National Savings Bank “Inspired by Values…Driven by Purpose… Shaped by Technology” was awarded with four main prestigious accolades for the fourth time at the CMA Excellence in Integrated Reporting Awards. The award ceremony held on the 31st October 2021 was graced by the distinguished presence of the Honorable High Commissioner of Canada. The occasion was held at the Taj Samudra Colombo and adorned by several other eminent personalities in the field on accounting and finance.
The Bank is esteemed to have won four awards for “Bronze award as the Second Runner Up”, “One of the Five Excellent Integrated reports”, “Special Award for Best Disclosure on Materiality” and “Best Integrated Report for Banking and Finance Category in the State-Owned Enterprises/Companies Sector” amongst all the market leaders in all the sectors of the country. Over 40 Annual Reports from top Sri Lankan companies comprising multinational conglomerates and leading state and private institutions competed for the CMA Excellence in Integrated Reporting Awards.
NSB has been continuously recognized and rewarded for our commitment towards best practices in annual reporting amidst various corporations, small companies, government agencies, non-profit organization and associations as well as agencies from different sectors and industries are participated in the competitions.
The Bank’s success is reflected in our Annual Report and it is heartening to see our hard work recognized through these Awards. These awards are validating our commitment towards creating value for all our stakeholders, improved communication on our performance, strategy, prospects and corporate governance in a timely, reliable and transparent manner. We are dedicating our success to all our stakeholders, including our customers, the State as the sole shareholder and our employees, said a release by the Bank.
The Colombo Stock Exchange (GL 12) has contributed LKR 25 million to the Rebuilding Sri Lanka Fund.
The cheque was handed over to the Secretary to the President Dr. Nandika Sanath Kumanayake by the Chairman of the Colombo Stock Exchange, Dimuthu Abeyesekera, the Chief Executive Officer Rajeeva Bandaranaike and Senior Vice Chairman Kusal Nissanka at the Presidential Secretariat.
News
Karu argues against scrapping MPs’ pension as many less fortunate members entered Parliament after ’56
Former Speaker of Parliament Karu Jayasuriya has written to President Anura Kumara Dissanayake expressing concerns over the proposed abolition of MPs’ pensions.The letter was sent in his capacity as Patron of the Former Parliamentarians’ Caucus.
In his letter, Jayasuriya noted that at the time of Sri Lanka’s independence, political participation was largely limited to an educated, affluent land-owning elite. However, he said a significant social transformation took place after 1956, enabling ordinary citizens to enter politics.
He warned that under current conditions, removing parliamentary pensions would effectively confine politics to the wealthy, business interests, individuals engaged in illicit income-generating activities, and well-funded political parties. Such a move, he said, would discourage honest social workers and individuals of modest means from entering public life.
Jayasuriya also pointed out that while a small number of former MPs, including himself, use their pensions for social and charitable purposes, the majority rely on the pension as a primary source of income.
He urged the President to give due consideration to the matter and take appropriate action, particularly as the government prepares to draft a new constitution.The Bill seeking to abolish pensions for Members of Parliament was presented to Parliament on 07 January by Minister of Justice and National Integration Dr. Harshana Nanayakkara.
Five suspects, including former Minister Johnston Fernando and his two sons, who were arrested by the Financial Crimes Investigation Division (FCID), were further remanded until 30 January by the Wattala Magistrate’s Court yesterday.
The former Minister’s , sons Johan Fernando and Jerome Kenneth Fernando, and two others, were arrested in connection with the alleged misuse of a Sathosa vehicle during Fernando’s tenure as Minister.
Investigations are currently underway into the alleged misuse of state property, including a lorry belonging to Lanka Sathosa, which reportedly caused a significant financial loss to the state.
In connection with the same incident, Indika Ratnamalala, who served as the Transport Manager of Sathosa during
Fernando’s tenure as Minister of Co-operatives and Internal Trade, was arrested on 04 January.
After being produced before the Wattala Magistrate’s Court, he was ordered to be remanded in custody until 09 January.The former Sathosa Transport Manager was remanded on charges of falsifying documents.
Colombo Stock Exchange (GL 12) donates LKR 25 million to the “Rebuilding Sri Lanka” Fund
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