News
Partner of B.R. de Silva & Co appointed 26th President, ICA

Sanjaya Bandara (FCMA) – a Partner of B.R.de Silva & Co., was recently appointed as the 26th President of the Institute of Chartered Accountants of Sri Lanka for the term 2022/23. Having commenced his professional career, at B.R.de Silva over two decades ago, Bandara has, throughout his distinguished career made significant contributions towards advancing the accounting profession of Sri Lanka. Having served as a Council Member of CA Sri Lanka since 2012, he most recently held the position of Vice President in 2020/21. During this period, he chaired the Finance and Administration Committee, Exemptions and Reciprocal Arrangements Committee, International Relations Committee and the Board of Management of the School of Accounting and Business.
In addition to his engagements at CA Sri Lanka, Bandara also serves as a Member of the Board of the Confederation of Asian and Pacific Accountants (CAPA) and a technical advisor of the South Asian Federation of Accountants (SAFA). He is a Council Member of the University of Kelaniya and the Association of Accounting Technicians (AAT) of Sri Lanka in addition to serving as a Board Member of the Sri Lanka Accounting and Auditing Standards Monitoring Board and a member of the Financial System Stability Consultative Committee (FSSCC) of the Central Bank of Sri Lanka. He is a regular contributor at seminars and workshops on the Sri Lanka Accounting Standards (LKAS/SLFRS) and Sri Lanka Auditing Standards. Bandara holds a BSc. Accountancy Special Degree from the University of Sri Jayewardenepura, and an MBA from the University of Colombo.
With this appointment, Bandara joins ranks with three alumni of B.R. de Silva & Co. who have previously served as Presidents of CA Sri Lanka. Over an established track record of nearly 70 years, B.R. de Silva & Co. have played a vital role in supporting Sri Lanka’s aspiring young accounting professionals, providing opportunities for both skill and career progression. The Company has, to date produced over 300 Chartered Accountants, contributing towards developing the country’s skilled labour force.
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Poson Week will be observed from June 7 to June 13

The Chief Incumbent of Mihintale Rajamaha Viharaya, Ven. Walawahengunawewa Dhammarathana Thero, expressed his appreciation to the government for its decision to hold the Poson Festival 2025 with full state patronage.
The Nayaka Thero made these remarks during a discussion held on Wednesday (21) at the Presidential Secretariat regarding the State Poson Festival 2025.
The meeting was attended by the Minister of Buddhasasana, Religious and Cultural Affairs , Dr. Hiniduma Sunil Senevi and Secretary to the President Dr. Nandika Sanath Kumanayake.
Venerable Dhammarathana Thero further reiterated that it is the responsibility of the government to reinstate the State Poson Festival, which has been on hold since 2023, and to safeguard it for the benefit of future generations.
The theme of this year’s State Poson Festival will be “May the world be enlightened by the teachings of Buddha.”
In line with the State Poson Festival, a series of religious programmes focusing on offerings of both material and doctrinal significance will commence from June 1.
Poson Week will be observed from June 7 to June 13. During this period, it was decided to close all liquor outlets in the Anuradhapura District to maintain the sanctity of the observances.
Special attention was also drawn to ensuring that all necessary facilities are provided for the thousands of pilgrims expected to visit Anuradhapura during the festival period.
Secretary to the President, Dr. Nandika Sanath Kumanayake, instructed state officials to take appropriate measures to facilitate the successful conduct of the State Poson Festival.
Senior Additional Secretary to the President Roshan Gamage, Director General of Buddhist Affairs R.M.P. Rathnayake and other Heads of institutions were also present at the occasion.
News
‘India-UK FTA could adversely impact SL apparel exports’

NEXT factory closure in Katunayake ominous sign: Trade Exprt
One-time Director General of Commerce, Gomi Senadhira, has warned that the Free Trade Agreement (FTA) between India and the United Kingdom, signed on 06 May, could cause a significant drop in Sri Lanka garment exports to the UK.
The FTA is expected to take effect in January 2026. In an exclusive article to The Island––carried in today’s edition––Senadhira has said that the FTA will provide India with a nearly 10 percent tariff advantage. India would gain at the expense of other exporters, including Sri Lanka, Sri Lanka’s former Permanent Representative to the World Trade Organisation, from January 2004 to December 2006, said.

Senadhira
The trade expert, contacted for comment, following the sudden closure of the NEXT Katunayake production unit, said it was an ominous sign. NEXT is the largest apparel retailer in the UK and perhaps NEXT factories are the only manufacturing plants owned by a British retailer in Sri Lanka.
Senadhira also chaired the WTO Committee on Trade and Development (2005). Prior to his appointment in Geneva, he served as the Minister (Commercial and Economic Affairs) in the Sri Lanka Mission to European Communities in Brussels (2001 – 2003) and the Embassy of Sri Lanka, Washington D.C. (1998 – 2001).
Senadhira has found fault with the government for its failure to address the issues at hand while underscoring the importance of public discussions with trade chambers, think tanks, exporters and the media.
The independent trade consultant has explained how Sri Lanka’s exports to the UK eroded over the years, primarily due to our failure to face competition from Bangladesh, Cambodia, Pakistan, Pakistan and Vietnam.
News
Shritharan praises Canadian Tamil Genocide Monument and slams Sri Lankan politicians

Illankai Tamil Arasu Kachchi (ITAK) MP Shritharan recently condemned continued genocide denial by senior Sri Lankan politicians, the Tamil Guardian reported.
The lawmaker was addressing a remembrance event held in Neduntheevu to mark the 40th anniversary of the Kumuthini massacre.
“The Sinhala supremacists who claim that no genocide was committed against the Eelam Tamils are attempting to blind the eyes and conscience of the world,” Shritharan said, denouncing ongoing state-sponsored historical revisionism.
On the occasion, which commemorated the massacre of Tamil civilians aboard the Kumuthini vessel in 1984, Shritharan conveyed his gratitude to international actors who have supported Tamil efforts for justice and recognition.
In particular, he extended thanks to the Canadian Prime Minister and the Mayor of Brampton for their role in recognising the Tamil genocide.
Reflecting on the long arc of massacres carried out across the Tamil homeland, Shritharan stated:
“From the boat of Kumuthini, the seas of Gurunagar, Kokkilai, Chathurukondan, Vakarai, Navali, and Nagercoil, all the way to Mullivaikkal—massacres were carried out in waves, systematically annihilating Tamils one group at a time.”
He sharply criticised members of Sri Lanka’s current political leadership, stating:
“Even today, Sri Lanka’s Foreign Minister Vijitha Herath, along with Namal Rajapaksa and Ali Sabry, continue to shamelessly deny that a genocide took place in Tamil Eelam.”
Such statements, Shritharan said, constitute a blatant insult to the world’s conscience and reflect the deep-seated Sinhala hegemonic racism embedded within the ruling establishment.
In contrast to this denialism, Shritharan hailed the recent unveiling of a Tamil Genocide Memorial in Brampton, Canada, as a landmark in the global recognition of Tamil suffering and resistance.
“Amid such open racism from Sri Lanka’s ruling establishment, the establishment of a Genocide Memorial in Brampton serves as international testimony to the undeniable truth that what happened in Eelam was indeed genocide,” he declared.
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