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Perpetual Treasuries Says Facing Risk Of Bankruptcy

Perpetual Treasuries Private Limited, which just last year recorded of profit of over Rs. 5 billion has said that it faces the risk of going bankrupt. The claim was made, when it filed a writ application in the Court of Appeal seeking an order restraining Central Bank against a decision taken to curtail operations of […]

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VC Election In Jaffna: Will The North’s Wilted Intellectual Life Bloom Once More?

Colombo Telegraph reliably learns of moves to suppress the application of Prof. Sam Thiagalingam, the sole external candidate for the post of Vice Chancellor at the University of Jaffna. Prof. Thiagalingam, whose application was posted in the US on 27th December and received on 17th January, a day after the deadline, is an eminent scholar […]

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Cash Strapped RTI Commission To Be Flooded With Appeals And Training Requests

The Right To Information (RTI) Commission which came into effect early in late December 2016 will soon face a major crisis. Despite the body being seriously cash-strapped, appeals from information requests submitted to Public Authorities will start pouring in by end of this month. Since February 3rd, when the RTI Act was operationalised across the […]

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Wijeyadasa Embroiled In Conflict Of Interest Issue: Demands Rs. 500m From Company Under Public Trustee

Justice and Buddha Sasana Minister Wijeyadasa Rajapakshe has found himself at the centre of a new controversy over a potential conflict of interest case involving the Associated Newspapers of Ceylon Limited (ANCL), commonly known as Lake House. The Colombo District Court, in 2011, ordered the state owned media institution to pay a sum of Rs. […]

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SriLankan Airlines’ Breathalyzer Test Controversy: Pilot Who Questioned Testing Procedure Found Guilty

SriLankan Airlines Captain Sujith Jayasekara who challenged the hurriedly imposed and tainted breathalyzer test procedure prior to his departure to Bangkok in August of 2016, has been found guilty at the end of the lengthy eight month inquiry, Colombo Telegraph reliably learns. The national carrier hurriedly organized breathalyzer tests to be carried out on their […]

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Sri Lanka’s RTI Rating Jumps To Third Place Globally

Sri Lanka’s Right to Information (RTI) global rating has jumped from 9th to 3rd place with the recent gazetting of the RTI Commission’s Rules on Fees and Appeals as well as the Regulations under the Act. Issuing a statement today, the Centre for Law and Democracy (CLD, Canada) which monitors the ratings of RTI laws […]

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Sri Lanka War Crimes Probe: UN Urged Not To Give Additional Time

The Transnational Government of Tamil Eelam (TGTE) passed a Resolution in its Sixth Parliamentary sitting in Paris, France, thanking the UN Human Rights Council (UNHRC) for monitoring Sri Lanka’s International Crimes and Human Rights abuses, strongly urging the UNHRC not to give any extension of time beyond the March 2017 deadline to the Sri Lankan […]

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Security Boost For TNA’s Sumanthiran

Tamil National Alliance (TNA) MP M. A. Sumanthiran will receive a security boost, amidst claims that he is a target of an assassination plot. Speaker Karu Jayasuriya informed Parliament today that the relevant authorities have been notified to ensure the security of Sumanthiran. The statement however comes amidst serious allegations levelled against the government that it […]

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Yahapālanaya Wants More Time To Probe War Crimes; Samaraweera To Make Request This Month

Foreign minister Managala Samaraweera who will attend the United Nations Human Rights Council (UNHRC) sessions in Geneva this month, will request for more time to probe war crimes. Throwing a party to the members of Foreign Correspondents’ Association of Sri Lanka on Tuesday night Samaraweera told them that while his government will not go back […]

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Central Bank Governor Directs IGP To Investigate Perpetual Treasuries

Governor of the Central Bank Dr. Indrajit Coomaraswamy has instructed Inspector General of Police to conduct an investigation into Perpetual Treasuries, the primary dealer of the Central Bank. The Monetary Board has meanwhile also decided to curtail operations of the company, with links to ex-Governor Arjuna Mahendran’s son in law Arjun Aloysius. Apart from the […]

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