News
Economic impact of bond scam yet to be fully calculated: PM
The economic impact of the Treasury Bond scam had not been assessed, Prime Minister Dr. Harini Amarasuriya told Parliament yesterday.
The Prime Minister said the Central Bank of Sri Lanka had filed cases in the Colombo District Court seeking to recover losses from Perpetual Treasuries Ltd.
Investigations into profits generated through the scam were being conducted by the CID, under the Anti-Money Laundering Act, with the Supreme Court recently granting permission to proceed, she added.
Dr. Amarasuriya also provided updates on indictments filed against Perpetual Treasuries Ltd., and several high-profile individuals, namely former Finance Minister Ravi Karunanayake, former Central Bank Governor Lakshman Arjuna Mahendran, former Deputy Governor, Paththinige Samarasiri, Arjun Joseph Aloysius, Palisena Appuhamilage Don Kasun Oshadi Palisena, Jeffrey Joseph Aloysius, Chittharanjan Hulugalla, Muthu Raja Surendran, Ajahn Gardiye Punchihewa, Badugoda Heva Indika Saman Kumara – Chief Dealer, Employees’ Provident Fund and Sangarapillai Padmanapan – Senior Manager, Public Debt Department.
Despite indictments and recovery efforts, cases filed in 2019 are pending in the High Court due to appeals and legal challenges at the Court of Appeal and Supreme Court levels. Some accused have filed objections over charges involving state assets, but these appeals have largely been rejected, allowing proceedings to continue.
Dr. Amarasuriya highlighted that several other institutions, including the Sri Lanka Insurance Corporation, University Grants Commission, Mahapola Scholarship Trust Fund, National Savings Bank, and Employee Trust Fund Board, had filed recovery claims against Perpetual Ltd., which are still under investigation.
“The total economic impact of the bond scam has not been fully calculated,” the Prime Minister said, underscoring the enduring uncertainty surrounding one of Sri Lanka’s most infamous financial crises.
by Saman Indrajith
News
US Ambassador Chung makes farewell call on Sajith
Outgoing US Ambassador to Sri Lanka Julie Chung met Opposition Leader Sajith Premadasa yesterday at his office in Colombo, as she concludes her tenure in the country and prepares to return to the United States. The meeting was held as a farewell occasion, during which Premadasa expressed his gratitude and respect to Ambassador Chung for the support she extended to Sri Lanka during her service. He noted that the outstanding contributions she made as Ambassador will never be forgotten.
News
Lanka rises to 93rd in global passport rankings
Sri Lanka has risen to 93rd place in the Henley Passport Index 2026, with its passport providing access to 39 destinations, according to the latest rankings released by Henley & Partners.
The Henley Passport Index ranks passports based on the number of destinations holders can enter without a prior visa, using data from the International Air Transport Association (IATA) and analysis by Henley & Partners.
Singapore retained the top position for the second consecutive year, offering visa-free or visa-on-arrival access to 192 destinations. Japan and South Korea shared second place, while Denmark, Luxembourg, Spain, Sweden, and Switzerland ranked third with access to 186 destinations.
Sri Lanka was ranked 96th in the previous index, with access to 44 destinations.
Despite its lower level of access, the Sri Lankan passport continues to rank above several South Asian Association for Regional Cooperation (SAARC) countries, including Nepal, Bangladesh, and Pakistan.
News
Speaker holds bilateral talks in India
Speaker Dr Jagath Wickramaratne, has engaged on his maiden visit to India to participate in the 28th Conference of Speakers and Presiding Officers of the Commonwealth in New Delhi. According to the Indian High Commission in Colombo, Speaker of India’s Lok Sabha, Om Birla, held a bilateral discussion with Speaker Dr Jagath Wickramaratne on the sidelines of the event.
The discussion focused on further deepening of Parliamentary Exchanges between our two democracies.
Commenting on the meeting, Speaker Om Birla said the discussions highlighted close Parliament-to-Parliament cooperation, including regular exchanges, formation of friendship groups, and collaboration in policy and programme design.
He further said they discussed deeper engagement in technology-driven parliamentary innovation, including AI-enabled systems, real-time multilingual translation, and capacity building through PRIDE.
“Just concluded a cordial and engaging exchange with Dr. Jagath Wickramaratne, MP, Speaker of the Parliament of Sri Lanka. Recalled our earlier interactions and the strong, time-tested bonds between India and Sri Lanka, rooted in close friendship, mutual support, and shared democratic traditions. Our discussions highlighted close Parliament-to-Parliament cooperation, including regular exchanges, formation of friendship groups, and collaboration in policy and programme design. We discussed deeper engagement in technology-driven parliamentary innovation, including AI-enabled systems, real-time multilingual translation, and capacity building through PRIDE. Hoped that the strong people-to-people connect, cultural linkages including Bodh Gaya as a shared pilgrimage centre, and continued parliamentary dialogue will further strengthen India–Sri Lanka relations in the years ahead,” he added in a post on ‘X’.
-
Business2 days agoKoaloo.Fi and Stredge forge strategic partnership to offer businesses sustainable supply chain solutions
-
Business6 days agoDialog and UnionPay International Join Forces to Elevate Sri Lanka’s Digital Payment Landscape
-
News6 days agoSajith: Ashoka Chakra replaces Dharmachakra in Buddhism textbook
-
Editorial1 day agoThe Chakka Clash
-
Features6 days agoThe Paradox of Trump Power: Contested Authoritarian at Home, Uncontested Bully Abroad
-
Features6 days agoSubject:Whatever happened to (my) three million dollars?
-
Business2 days agoSLT MOBITEL and Fintelex empower farmers with the launch of Yaya Agro App
-
Features1 day agoOnline work compatibility of education tablets
