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NSB issues statement claiming misinterpretation

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The National Savings Bank yesterday said that there had been a misinterpretation on NSB by a news item (not published in The Island) currently in circulation.

Full text of the statement: We have observed that there is a misinterpretation on National Savings Bank (NSB), amongst the public, of a news item, currently circulating pertaining to the Sri Lanka Savings Bank (SLSB).

We wish to clarify that SLSB is a fully owned subsidiary of NSB, and that the recent developments involve the proposed acquisition of SLSB with NSB, pursuant to a regulatory directive by the Central Bank of Sri Lanka (CBSL).

Further, the information in circulation regarding a Voluntary Retirement Scheme (VRS) and the termination of operations are solely related to the SLSB and not applicable to NSB.

We wish to emphasize that this decision does not have any impact on the stability of NSB.

We expect that this clarification addresses any confusion and wish to assure the continued strength and integrity of National Savings Bank.



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SLNS Sindurala arrives in Visakhapatnam for SLINEX 2026

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Sri Lanka Naval Ship (SLNS) Sindurala arrived at the port of Visakhapatnam in India on 17 September 2026, to participate in the bilateral naval exercise ‘SLINEX – 2026’.

The Indian Navy formally welcomed the SLN vessel upon its arrival, adhering to naval traditions.

The joint exercise will take place on 20 and 21 September in the seas off the east coast of India. On 18 September, the Commanding Officer SLNS Sindurala, Captain Sunanda Appuhamy, held official discussions with Commander Suraj Aiyappa, Commanding Officer Indian Naval Ship (INS) Kavaratti, aboard both vessels.

The annual exercise aims to enhance cooperation, interoperability, and professional exchange between the two navies. During the exercise, crew members from SLNS Sindurala will also participate in several professional and cultural exchanges organized by the Indian Navy.

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Advisory for strong winds and rough seas for Multi-day boats in the Bay of Bengal

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Navel and fishing communities engaging the activities over this sea area are advised to be vigilant

Advisory for strong winds and rough seas  for Multi-day boats in the Bay of Bengal deep sea areas
Issued by the Natural Hazards Early Warning Centre
Issued at 05.00 p.m. 18 September 2026, valid for the next 24 hours.

PLEASE BE AWARE!
The atmospheric disturbance to the North of the Andaman Islands in the Bay of Bengal, is likely to develop into a low pressure area within the next 24 hours.

Due to its influence, wind speed over the Bay of Bengal sea areas will increase during the next few days starting from
tomorrow (19th).

The wind speed in the sea areas marked under the “Advisory” category on the map below will increase to 55-65 kmph at times and those sea areas will be rough or very rough at times.

Navel and fishing communities engaging the activities over this sea area are advised to be vigilant and be attentive to the future forecasts and bulletins issued by the department of Meteorology in this regards.

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Some NPP manifesto promises may be difficult to fulfil – CIABOC DG

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Ranga Dissanayake (Director General CIABOC) at the BMICH on Wednesday

Text and Pic by Priyan de Silva

Director General of the Commission to Investigate Allegations of Bribery and Corruption (CIABOC) Ranga Dissanayake has questioned whether some promises contained in the National People’s Power (NPP) manifesto, A Thriving Nation – A Beautiful Life, could be fulfilled even if the government wanted to implement them.

Dissanayake raised the issue during a discussion following the release of the third biannual report on manifesto monitoring by the March 12 Movement, at the BMICH, on Wednesday.

He questioned whether the report had taken into account legal and institutional constraints affecting the implementation of certain pledges.

Citing the proposal to establish Anti-Corruption Investigation Offices in each district, Dissanayake said such offices could be established only with the agreement of CIABOC and that amendments to the Anti-Corruption Act would be necessary.

He also referred to the pledge to abolish the Executive Presidency, noting that successive governments had made similar commitments since 1994. He questioned whether there had been adequate consideration of where the powers vested in the Executive President would be transferred if the system were abolished.

On the proposal to establish a Public Prosecutor, Dissanayake questioned whether the Government intended to maintain the office alongside the Attorney General, who currently performs prosecution-related functions.

Executive Director of the Institute for Democratic Reforms and Electoral Studies (IRES) Manjula Gajanayake said Dissanayake’s remarks should be regarded as his personal views and not as Government policy.

Monitoring and Evaluation Consultants M. Thilakarajah and D.D. Mataharaarachchi presented the third-phase findings, covering January to June 2026.

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