News
Peoples Leasing & Finance PLC wins the most loved brand in Lanka’s finance leasing sector
People’s Leasing & Finance PLC, the trusted leader in the finance leasing sector, takes great pride in securing the top position among Sri Lanka’s Most Loved Brands 2023 in the Finance and leasing category, as recognized by Brand Finance. This remarkable achievement is featured in the LMD Brands Annual 2023 publication.
Shamindra Marcelline, Managing Director/CEO of PLC, expressed the company’s purpose of promoting financial inclusivity and providing advisory solutions to empower businesses and support livelihoods, especially those of small and medium entrepreneurs. PLC has consistently prioritized customer needs and remains dedicated to delivering excellent customer service. Marcelline stated, “I take immense pride in seeing People’s Leasing being acknowledged for its commitment to meeting consumer’s financial requirements and providing excellent service that resonates with their hearts.”
PLC is a leading Non-Bank Financial Institution in Sri Lanka and the flagship subsidiary of the People’s Bank, which is one of the largest state-owned banks in the country. PLC commenced business operations in 1996 and was listed on the Colombo Stock Exchange in 2011. PLC has grown to become a diversified non-bank financial powerhouse with six subsidiaries in allied areas of specialization, including an overseas venture in Bangladesh.
News
SC rules fundamental rights of Aragalaya activist were violated
The Supreme Court yesterday held that the fundamental rights of social activist Anuruddha Bandara had been violated due to his arrest and detention during the 2022 Aragalaya protest movement.
Delivering its determination in a fundamental rights petition filed by Bandara, the Court found that former Senior Deputy Inspector General of Police (SDIG) for the Western Province Deshabandu Tennakoon and former Officer-in-Charge of the Colombo North Special Investigation Unit Nalin Sriyantha were responsible for the violation. The Court ruled that the actions of Tennakoon and Sriyantha in arresting and detaining Bandara amounted to an infringement of his constitutionally guaranteed fundamental rights.
News
TRINEX-26 naval exercise begins off Trincomalee coast
The sea phase of the Trincomalee Naval Exercise 2026 (TRINEX-26) commenced off the Trincomalee coast on July 21, with the Sri Lanka Navy and Sri Lanka Air Force conducting a series of joint operational drills to enhance maritime readiness and security capabilities.
The large-scale exercise involves the participation of the Sri Lanka Navy Fleet, the 4th Fast Attack Flotilla, the Special Boat Squadron, the Sri Lanka Navy Marines and the Sri Lanka Air Force, focusing on strengthening joint operational coordination and interoperability.
On the opening day, participating units conducted several exercises, including Miscellaneous Exercises (MISCEX), Surface Firing Exercises (SURFEX), Screening Exercises (SCREENEX), Gunnery Exercises (GUNEX) and Vertical Replenishment (VERTREP) operations.
The programme also includes a range of maritime operations and emergency response drills such as Search and Rescue Exercises (SAREX), Casualty Evacuation (CASEVAC) exercises, Replenishment at Sea (RAS), towing exercises, flashing exercises (FLASHEX) and anchoring drills.
The Navy said TRINEX-26 would provide an important training platform for officers and sailors to enhance professional skills while improving the services’ ability to respond effectively to maritime challenges.
The exercise is aimed at further strengthening the preparedness of the armed forces in maintaining maritime security and responding to operational contingencies.
News
Court defers hearing of GR’s Easter Sunday petition
The Court of Appeal yesterday postponed further consideration of a writ petition filed by former President Gotabaya Rajapaksa seeking an order preventing his arrest and detention under the Prevention of Terrorism Act (PTA) in connection with investigations into the Easter Sunday terror attacks.
The petition was taken up before the Court, with President’s Counsel Romesh de Silva appearing for Rajapaksa and making reply submissions.
After hearing the submissions, the bench directed that further arguments in the matter be taken up on August 3.
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