Finance Minister Mangala Samaraweera today (Jun 26) refuted news reports claiming that the People's Bank is to be privatised.
Issuing a special statement, the Finance Minister emphasised that there is "no truth to such allegations" which have been made to mislead the people.
Mr. Samaraweera noted that political parties and their trade unions had alleged that the People's Bank is to be privatised "citing financial difficulties to infuse capital".
He explained that these allegations had been made following the proposal made by the Finance Ministry to amend the People’s Bank Act No 29 of 1961. This would enable the Bank to increase its capital and debentures to strengthen its financial stability, he said.
Finance Minister Samaraweera added that there is no intention to issue equity securities to outsiders once the amendment to this Act is passed in parliament.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
All Ceylon Makkal Congress MP Ali Sabri Raheem had been arrested by Kalpitiya police after he surrendered to the police today morning.
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