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MP Chamara Sampath Arrested Over Corruption Charges

COLOMBO (News 1st) – Member of Parliament Chamara Sampath Dasanayake has been arrested by the Commission to Investigate Allegations of Bribery or Corruption over multiple corruption charges linked to his tenure as the Chief Minister of the Uva Province. Allegations Against Chamara Sampath Dasanayake The charges against the MP revolve around financial mismanagement and misappropriation […]


Sri Lanka central bank asks SMEs to apply for loan relief before deadline

ECONOMYNEXT – Sri Lanka’s central bank Financial Intelligence Unit (FIU) has collected 3 million rupees through penalties imposed on Indian Bank and Amana Takaful Life for non-compliance with the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA). “The FIU collected penalties as indicated below, amounting to Rs. 3 million in total […]


More Sri Lankans recommended for target sanctions: ITJP says after UK’s action

ECONOMYNEXT – More Sri Lankans who are alleged of human rights violations and corruption have been recommended for target sanctions from the United States, United Kingdom, and Europe countries, the International Truth and Justice Project (ITJP) said. A source from the ITJP said the human rights body has “submitted more information and names for other […]


Sri Lanka’s Cargills Bank says it countered cyber attack

ECONOMYNEXT – Sri Lanka’s tourist arrivals grew 14.7 percent in the first 16 days of March 2015 to 120,750, while year to date arrivals were up 15.4 percent to 613,728, data from the state statistics office show. Indian tourists lead arrivals up to March 15, with 19,317 or 16 percent, followed by the Russian Federation […]


Hayleys PLC Secures AAA(lka) Rating for Proposed LKR 7 Billion Debentures

Fitch Ratings Confirms Stability and Growth Potential Fitch Ratings has assigned a National Long-Term Rating of ‘AAA(lka)’ to Sri Lankan conglomerate Hayleys PLC for its proposed LKR 7 billion senior unsecured redeemable debentures. This rating highlights the company’s strong financial position, stability, and growth potential. Why Hayleys Earned a AAA(lka) Rating According to Fitch Ratings, […]


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