Fuel prices to remain unchanged

Internal examination launched on transactions of EPF

There have been several media reports recently raising concerns with respect to the Employees? Provident?Fund (EPF), the Central Bank said. The bank said that an internal examination is currently underway under the direction of the Monetary Board on transactions of EPF in Government securities during 2015 and 2016. The law enforcement authorities have also been?requested to carry out an external independent investigation into the issuance of Government securities in?2015 and 2016 and related m

23 Jan, 2017

No move to interfere in legal process on corrupt politicians

The Government says there is no move to?interfere in the legal process on corrupt politicians. State Minister of International Trade Sujeewa Senasinghe said that the police and judiciary will deal with those accused of corruption. He said that if the former Government was in office there would have been interference in the judicial process and those accused will be behind bars in three months. However he says the current Government will not interfere in the investigations or the judicial proc

22 Jan, 2017

Presidential Commission of Inquiry to probe bond issue

President Maithripala Sirisena is to appoint a special Presidential Commission of Inquiry to probe the Central Bank bond issue. The President tweeted saying that he will?appoint the Special Presidential Commission of Inquiry this week to investigate the Central Bank bond issue and recommend action. “I will appoint a Special Presidential Commission of Inquiry this week to investigate the Central Bank bond issue and recommend actions,” the President tweeted. Parliament is scheduled to debate th

22 Jan, 2017