Dharma Dheerasinghe was re-elected chairman of the Commercial Bank at its AGM on Monday amidst concerns by shareholders on moves by the Government to replace him. Shareholder M.R. Shah, former banker and trade unionist, raised the issue at the meeting saying the Government (Treasury) should not intervene to replace the chairman. Good governance activist, K. Vignarajah also expressed similar concerns. The Government has openly acknowledged that it wants to replace chairpersons of commercial banks saying cronies were appointed during the former regime.
The final rites of veteran broadcaster, writer, and lyricist Nirmala de Alwis will be held today at Peradeniya.
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The Supreme Court today ordered the owning and operating companies of the X-Press Pearl Vessel to pay US $ one billion as compensation for the environmental and economic damage it caused, after the ship sank off the Colombo Port in 2021.
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