Chairman of the National Development Bank (NDB), Kavan Ratnayaka has resigned with effect from April 30 (Thursday).
An NDB announcement dated April 27 to the Colombo Stock Exchange said that the chairman had tendered his resignation for ‘personal reasons’ and that ‘there are no other matters that need to be brought to the attention of the shareholders’.
Mr. Ratnayaka was appointed head of the bank during the UNP-led government of 2015-2019, and analysts said it was a matter of time when he would have been replaced by the current SLPP-led government. The chairman of the NDB is generally a government-appointed nominee.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
Read these and more on tomorrow’s edition of the Sunday Times
Cabinet has approved the appointment of Commodore (retired) M.B.N.A. Premaratne of the Sri Lanka Navy, as the new Commissioner General of Excise.
Villagers in Nirmalapura, Daluwa, Norochcholai today staged a protest over an incident where a group of Navy officials and sailors had assaulted a resident in the area over night, Police said.
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