News
Prez appoints renumeration committee to review CBSL pay hike issue
President Ranil Wickremesinghe, in his capacity as the Minister of Finance, Economic Stabilization and National Policies, has appointed an independent remuneration committee to review the recent increase in staff remuneration at the Central Bank of Sri Lanka (CBSL).
The committee members include Dinesh Stephen Weerakkody, Arjuna Herath, Dr Indrajit Coomaraswamy, Sudharma Karunarathne, Anthony Nihal Fonseka, Anushka S Wijesinha and Duminda Hulangamuwa.
A press release issued from the President’s Media Division said that this appointment has been made in response to mounting pressures from MPs and the Committee on Public Finance (CoPF). This committee will review the salary hike based on the recommendations delineated in the CoPF report on CBSL salary revision.
The CoPF report, as presented to Parliament by Dr. Harsha de Silva, Chair of the Committee, says that while CBSL retains autonomy, it is imperative for it to be answerable to Parliament, particularly amidst prevailing economic challenges confronting the nation.
Furthermore, the committee is tasked with formulating a transparent formula for future revisions to CBSL staff remuneration, thereby fostering equity and transparency in the salary framework.
CoPF also recommended that a report on the same be submitted within four weeks and that CBSL defer the salary increase until a mutually acceptable solution is arrived at, based on the findings of the report.
The National People’s Power (NPP) polled 2,260 votes (46.18%) to secure 9 of the 19 seats in the Tangalla Urban Council at todays. Local Authorities Election.
THe Samagi Jana Balawegaya (SJ) polled 1,397 votes to secure five seats while the Sri Lanka Podujana Peramuna (SLPP) polled 795 votes to secure 3 seats.
The United National Party (UNP) and the Sarvajana Balaya secure one seat each.
Voting commenced at 7.00am to elect members to 339 local councils in the island.
Voting is being held at 13,579 polling centers and will end at 4.00 p.m.
Vietnamese President Luong Cuong warmly welcomed President Anura Kumara Disanayake during an official ceremony held in Hanoi on Monday (05) morning
President Anura Kumara Dissanayake was accorded a ceremonial welcome with full military honours upon his arrival at the Presidential Palace of Vietnam. He also took part in the inspection of the Tri-Forces Guard of Honour and the playing of the national anthems of Vietnam and Sri Lanka. The two leaders then introduced members of their respective delegations before proceeding for bilateral discussions during which both nation assessed their progress, explored avenues for future collaboration and signed Memoranda of Understanding.
Vietnam and Sri Lanka have upheld robust and enduring ties since they established diplomatic relations in 1970. and this visit aims to strengthen political trust and foster effective collaboration across multiple sectors between the two nations.
Sri Lanka and Vietnam engage in annual bilateral trade, primarily in exports, totalling around US$200 million. Both nations aspire to elevate this trade to US$1 billion in the near future.
President Dissanayake’s visit highlights Sri Lanka’s deep commitment to its longstanding friendship with Vietnam and demonstrates a mutual resolve to enhance collaboration in traditional sectors while exploring new opportunities in digital transformation, the digital economy, energy transition, artificial intelligence and connectivity.
[PMD]
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