Colombo Fort Magistrate Lanka Jayaratne today refused grant bail to owner of Perpetual Treasuries Limited (PTL) Arjun Aloysius and its Chief Executive Officer (CEO) Kasun Palisena.
Both suspects were ordered remanded in custody till March 2 when they were presented to the Colombo Fort Magistrate's Court today.
The duo are in remand custody in connection with the Criminal Investigation Department's (CID) investigation into the treasury bond scam.
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The Ceylon Petroleum Corporation (CPC) will reduce fuel prices with effect from midnight today.
Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, has cautioned that reversing the current economic programme could lead to a resurgence of the severe economic and social crisis Sri Lanka endured nearly two years ago.
President Ranil Wickremesinghe today inaugurated the open cycle phase of the “Sobadhanavi” 350 MW Combined Cycle Power Plant in Kerawalapitiya, the President’s Media Division (PMD) said.
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