News
Senior banker K. B. Rajapakse appointed APB President
Senior banking professional, K. B. Rajapakse of the People’s Bank, was unanimously appointed President of the Association of Professional Bankers (APB) for 2021/2022 at its 32nd Annual General Meeting (AGM) held recently.
Established in 1988, the APB has been the most representative organization of banking professionals in the country and has functioned as a forum that brings together leading personalities in business administration and intellectual discussion in the contemporary banking scene.
The AGM of the Association was held on March 25 at Bougainvillea Ballroom, Galadari Hotel on a hybrid basis, where a large number of APB members attended the meeting physically in keeping with recommended health and social distancing guidelines, while another group of members attended the meeting virtually.
Addressing the gathering after his appointment, Rajapakse said that APB would be in a strong position to contribute to the banking fraternity and to achieve the national development goals of the country.
He emphasized on the need for each member to take up the challenge to think out of box and be creative thinkers in order to make necessary changes, which will be vital not only to survive, but to succeed as well.
“All of us are professional bankers shouldering responsibility in our respective offices, committed to make profits, improve the bottom line and further develop our banking institutions. As a professional body, you and I know that banking comes with strict regulations. So the real challenge is to achieve our objectives which include retaining sufficient flexibility to satisfy our customers within the regulatory boundaries under the ‘new normalcy’ with new systems, new products, new management styles and digitalization”, he stressed.
Rajapakse has 33 years plus experience at People’s Bank, of which over 12 years was in corporate and executive management. He is at present the Senior Deputy General Manager of Payment and Digitalization.
He is a Fellow member of the Institute of Bankers of Sri Lanka and an Attorney. He holds a Diploma from the Institute of Credit Management of Sri Lanka.
The following were elected APB office bearers and council members for 2021/22 and also to the Fund Management Committee:
President: K. B. Rajapakse, Senior Vice President: Jeremy De Zilva, Vice Presidents: Halin Hettigoda & B. A. H. S. Preena, Treasurer: Indika Kudagamage, Secretary-General: Anton Arumugam, Assistant Secretary: Mahesha Amarasuriya.
Nominated council members: K. Raveendran, M. R. N. Rohana Kumara, Theekshana Pandithasekara, Hasrath Munasinghe, Anjali Gunathilake, Christine Jesudian, Vijitha Kumarasiri, Asitha Pinnaduwa and Isuru Jayaweera.
Fund Management Committee members: Hennanayake Bandara, Aravinda Perera, Sunil De Silva & Ms. Shashi Kandambi Jassim.
News
Sajith warns country is being dragged into authoritarian rule
Opposition and SJB Leader Sajith Premadasa has alleged that the current government is attempting to suppress freedom of expression and media freedom to lead the country towards authoritarian rule.
In a video message on Thursday (25), Premadasa said that in a democratic country, the four main pillars safeguarding democracy are the legislature, the executive, the judiciary, and the independent media, but, at present, the government is using the police to violate both the democratic rights of the people and the rights of police officers themselves.
He said that the government is working to establish a police state that deprives citizens of their right to access truthful information.
“For democracy to be protected, media freedom must be safeguarded, and space must be given to independent media. Instead, the government is interfering with the independent media process, using the police to suppress and intimidate independent media,” he said.
He noted that even when independent media present their views based on reason, facts, and evidence, the government attempts to suppress them. Such actions, he said, amount to turning a democratic country into a police state. “Do not suppress the voice of the silent majority, the independent media,” he urged.
Premadasa emphasised that independent media represent the voice of the silent majority in the country and must not be suppressed.
“Media repression is a step towards authoritarian rule, and the people did not give their mandate to create an authoritarian regime or a police state. If the government attempts to abolish democratic rights, the Samagi Jana Balawegaya will stand as the opposition against it,” he said.
The Opposition Leader further alleged that the government was interfering with police independence, stating, “Political interference has undermined the independence of the police, making it impossible for them to serve impartially. Suppressing freedom of expression is an attempt to lead the country towards authoritarian rule.”
Premadasa pointed out that the media has the right to reveal the truth, and interfering with that right is a violation of the rights of 22 million citizens.
News
Wholesale mafia blamed for unusually high vegetable prices
Vegetable prices at the Peliyagoda Manning Wholesale Market surged to unusually high levels yesterday (26), raising concerns among consumers as the festive season drives up demand. The situation is expected to persist over the next few days, a spokesman for the Manning Market told The Island.
He said a sharp increase in the number of buyers visiting the wholesale market, ahead of upcoming festivities, had resulted in a sudden spike in demand, prompting wholesale traders to raise prices significantly. The price hikes have affected a wide range of commonly consumed vegetables, placing additional pressure on household budgets.
According to market sources, the wholesale price of beans climbed to Rs. 1,100 per kilogram, while capsicum soared to Rs. 2,000 per kilogram. Green chillies were selling at around Rs. 1,600 per kilogram. Prices of other vegetables, including beetroot, brinjal (eggplant), tomatoes, bitter gourd, snake gourd and knolkhol, also recorded unusually high increases.
The spokesman alleged that despite the steep rise in prices, vegetable farmers have not benefited from the increases. Instead, he claimed that a group of traders, who effectively control operations at the wholesale market, are arbitrarily inflating prices to maximise profits.
He warned that if the relevant authorities fail to intervene promptly to curb these practices, vegetable prices could escalate further during the peak festive period. Such a trend, he said, would disproportionately benefit a small group of middlemen while leaving consumers to bear the brunt of higher food costs.
By Kamal Bogoda ✍️
News
Cyclone-damaged Hakgala Botanical Garden reopened with safety measures
The Hakgala National Botanical Garden, which was closed in the aftermath of Cyclone Ditwah, has been reopened to tourists from yesterday, the Ministry of Environment indicated.
The Ministry said the reopening was carried out in accordance with recommendations and guidelines issued by the National Building Research Organisation (NBRO) and the DisasterManagement Centre (DMC) after safety assessments were completed.
However, due to the identification of hazardous ground conditions, several areas, within the garden, have been temporarily restricted. These include the pond area, near the main entrance, and access roads leading towards the forest park where potential risks were observed. Warning signs have been installed to prevent visitors from entering these zones.
To ensure the safety and convenience of both local and foreign visitors, the garden’s management has introduced a special assistance programme, with staff deployed to guide and support tourists.
The Hakgala Botanical Garden was closed as a precautionary measure during the disaster situation triggered by Cyclone Ditwah. The Ministry noted that the garden has now been safely reopened, within a short period, following remedial measures and inspections, allowing visitors to resume access while maintaining necessary safety precautions.
By Sujeewa Thathsara ✍️
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