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Ex-Central Bankers ask Prez to reappoint Dr. Weerasinghe as Central Bank Governor

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The Central Bank Retired Executive Officers’ Association (CBREOA) has written to President Gotabaya Rajapaksa, expressive grave concern over media reports that attempts are being made to remove Central Bank Governor Dr. Nandalal Weerasinghe.

They have urged the President to re-appoint Dr. Weerasinghe to the Governor post of the CBSL for the coming six-year period commencing from 01 July 2022 in recognition of his competence and outstanding service.

The Ex-Central Bankers have pointed out that immediately after resuming duties of the Governor, Dr. Weerasinghe displayed a very high degree of professionalism and took drastic measures to arrest the situation. At the very inception, he was able to consolidate the unconditional support of the current staff of the CBSL and build the confidence among them that CBSL team guided by him is capable of facing the challenge of overcoming the crisis.

The CBREOA has said: “Both Dr. Indrajith Coomaraswamy, former Governor of the CBSL and Veteran Economist Dr. W A Wijewardena, former Deputy Governor of the CBSL who are highly respected and active economists also commended the work of Dr. Weerasinghe, as the incumbent Governor and expressed their confidence about his calibre and commitment to deliver the expected results to the nation.”

(See opinion page (05) for the full text of the CBREOA letter)



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Advisory for severe lightning issued for Sabaragamuwa, Central and Uva provinces and in Hambanthota district

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Color: -Red Warning (Take action) Color: -Amber Advisory (Be prepared) Color: -Green Threat is over

The Natural Hazards Early Warning Centre has issued an Advisory for Severe Lightning for the Sabaragamuwa, Central and Uva provinces and in Hambanthota district.

The advisory issued at 02.00 p.m. today [07 April 2025]  is valid for the period until 11.00 p.m. 07 April 2025

The public are warned that thundershowers accompanied by severe lightning are likely to occur at several places in for Sabaragamuwa, Central and Uva provinces and in Hambantota district. There may be temporary localized strong winds during thundershowers. General public is kindly requested to take adequate precautions to minimize damages caused by lightning activity.

ACTION REQUIRED:

The Department of Meteorology advises that people should:

Seek shelter, preferably indoors and never under trees.
• Avoid open areas such as paddy fields, tea plantations and open water bodies during thunderstorms.
• Avoid using wired telephones and connected electric appliances during thunderstorms.
• Avoid using open vehicles, such as bicycles, tractors and boats etc.
• Beware of fallen trees and power lines.
• For emergency assistance contact the local disaster management authorities.

 

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“Census of Population and Housing 2024” Report Presented to the President

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The report of the “Census of Population and Housing 2024,” conducted by the Department of Census and Statistics, was officially handed over to President Anura Kumara Disanayake this morning (07) at the Presidential Secretariat.

This preliminary report has been prepared based on island wide data collected between October and December 2024.

The report provides details on Sri Lanka’s population, its growth and the distribution of the population across districts.

The information gathered through the census is vital not only for the government but also for other institutions in formulating policies and development plans essential for the country’s progress. Significantly, for the first time in the history of census-collecting in Sri Lanka, data collection was carried out using tablet computers and user-friendly mobile devices.

The event was attended by Deputy Minister of Finance & Planning, Harshana Suriyapperuma, Secretary to the President Dr. Nandika Sanath Kumanayake, Secretary to the Ministry of Finance Mahinda Siriwardana, Director General of the Department of Census and Statistics D.D.G.A. Senevirathne and several other officials.

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Central Bank Presents Annual Economic Review 2024 to President

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The Central Bank of Sri Lanka today (07) presented its flagship publication, the Annual Economic Review for 2024 (AER 2024), to President and Minister of Finance, Anura Kumara Disanayake, highlighting the steady progress of Sri Lanka’s economic recovery following the country’s most severe downturn in recent history.

The report was officially handed over by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank, during a special ceremony held at the Presidential Secretariat.

AER 2024 comprises four main chapters: Macroeconomic Developments, Conditions of the Financial System, Review of Central Bank’s Policies and Macroeconomic Outlook.

According to the Review, the Sri Lankan economy showed significant signs of recovery in 2024, following the deep economic crisis experienced two years ago. The recovery trajectory, though challenging, has been notably faster than that of many other debt-distressed countries.

Improvements in economic activity, a partial resurgence in purchasing power and reduced uncertainty are among the key positive indicators noted in the report.

The event was attended by Dr. Nandika Sanath Kumanayake, Secretary to the President,  K. M. Mahinda Siriwardena, Secretary to the Treasury, Mrs. K. M. A. N. Daulagala, Senior Deputy Governor, Dr. C. Amarasekara, Assistant Governor, Dr. (Mrs.) S. Jegajeevan, Director of Economic Research and Dr. L. R. C. Pathberiya and Additional Director of Economic Research at the Central Bank Dr. V. D. Wickramarachchi.

[PMD]

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