News
Kuttiarachchi accused of running unauthorised banking network
By Saman Indrajith
SLPP MP Tissa Kuttiarachchi has got his relatives to run an unauthorised rural bank, SJB Badulla District MP Chaminda Wijesiri told Parliament on Wednesday.
“This is an illegal act. There is a network of banks. This should be stopped. These banks have not been recognised by the Central Bank or the Monetary Board,” the MP said.
Responding to MP Wijesiri’s question, State Minister of Co-operative Services, Marketing Development and Consumer Protection, Lasantha Alagiyawanna said that there was no bank by the name of Rural Capital Bank. “If anyone uses the word cooperative in the name of their bank, then our ministry can check on it. Otherwise, this should be checked and further action should be taken by the Central Bank,” the minister said.
“There is a network of banks by that name. It belongs to MP Tissa Kuttiarachchi, and his relatives run the bank. Managers of the branches are his relatives. The network has 171 branches countrywide. People do not know that this is an illegal bank. Why has the government given him permission to run this illegal business,” MP Wijesiri queried.
Minister Alagiyawanna said that there was no such bank under the line ministry and those banks may operate under the provincial councils. “I do not know about such banks. We will look into it. We should get together to inform the Central Bank of these banks,” the Minister said.
News
Representatives from the Ceylon Chamber of Commerce meet PM
Representatives from the ’The Ceylon Chamber of Commerce’ met with Prime Minister Dr. Harini Amarasuriya on Wednesday [24th of June] at the Parliament premises.
During the meeting, discussions focused on the Sri Lanka Economic and Investment Summit 2026 (SLEIS 2026), which is scheduled to be held on 12 and 13 October 2026. Attention was also given to digitalization initiatives, the introduction of digital technologies in schools under new education reforms, and the transformative role of Artificial Intelligence (AI) in Sri Lanka’s education sector.
Representatives of the Chamber noted that the summit would serve as an important platform for encouraging both local and foreign investment, while also contributing to the shaping of the country’s future economic policies.
The meeting was attended by Krishan Balendra, Chairman of The Ceylon Chamber of Commerce; Vinod Hirdaramani, Deputy Vice Chairman; Shiran Fernando, Secretary General and Chief Executive Officer; Aliki Perera, Deputy Secretary General and Chief Operating Officer; and Anagi Rodrigo-Weerasekera, Chief Economist and Head of Economic Intelligence, along with several other representatives.
[Prime Minister’s Media Division]
News
Progress of Housing Project for Malayagam Community families funded by India reviewed
A discussion to review the progress of the housing project under which 4,700 houses are being constructed for the Malayagam community with Indian assistance was held this afternoon (24) at the Presidential Secretariat under the chairmanship of the Chief of Staff to the President, Prabath Chandrakeerthi.
Under this housing programme, 2,026 houses are to be provided to families identified by the National Building Research Institute (NBRI) as being at disaster risk. The remaining houses are expected to be allocated to eligible workers residing in the plantation sector.
Accordingly, the houses will be provided to Malayagam community families living on estates belonging to 22 Regional Plantation Companies, as well as estates under the State Plantations Corporation, Janawasama and Elkaduwa Plantations.
For the construction of each house, the Government of India has allocated Rs. 2.8 million, while the Government of Sri Lanka has contributed Rs. 400,000.
During the discussion, Chandrakeerthi instructed officials to ensure that the housing project is completed before the end of this year. He further directed that land identified for the construction of houses be released without delay and that the National Building Research Institute provide the necessary reports to identify suitable land for the project.
The housing project is being implemented jointly by the Ministry of Plantation and Community Infrastructure, the National Housing Development Authority, the State Engineering Corporation and the Plantation Human Development Trust.
Among those present were Additional Secretary (Development) of the Ministry of Plantation and Community Infrastructure, K. S. Wijayakeerthi; Director General (Engineering), N. D. N. Pushpakumara; Director General (Planning), W. A. K. S. Damayanthi; the Secretary General of the Planters’ Association; and officials from the National Housing Development Authority, the State Engineering Corporation, relevant institutions and plantation companies.
(PMD)
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