Committee recommends removal of Deshabandu
Parliament was informed today July 22, that the special committee appointed to investigate suspended IGP Deshabandu Tennakoon has recommended his removal from office. Speaker Dr. Jagath Wickramaratne stated that the committee’s report, submitted to Parliament, had unanimously found Tennakoon guilty of serious misconduct and abuse of power. This recommendation follows a series of serious allegations, including Tennakoon’s alleged involvement in …
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IMF warns of trade threats to SL’s growth
Sri Lanka’s economy is expected to grow by 3.5% this year, after recording 5% growth last year, according to the World Bank, showing signs of steady recovery from the 2022 financial crisis. However, the International Monetary Fund (IMF) warns that global trade issues, especially with the United States could slow down that progress. In a statement issued after completing its …
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SL ahead in digital finance access, says WB report
The Global Findex 2025 report by the World Bank highlights that Sri Lanka has performed better than many South Asian countries in providing access to bank accounts and digital payments. According to the report, over 650 million adults globally still don’t have a financial account, and many lack access to mobile phones or digital financial services. More than half of …
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ePassport personalisation: Bid deadline extended again
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CNL Reporter
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July 21, 2025
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News
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The Department of Immigration and Emigration (DIE) has granted a second extension to bidders for its tender to personalise ePassports.
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Central Expressway Project gets China’s Exim Bank funding soon
Funding from China’s Export-Import (Exim) Bank could resume by September or October to continue the construction of the long-delayed Central Expressway Project (CEP), the Road Development Authority (RDA) announced. RDA Chairman T. Paskaran confirmed that negotiations with the bank were ongoing, in the aftermath of disbursements being suspended due to Sri Lanka’s economic crisis. “Negotiations with the donor are currently …
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Govt. Revenue Surges to Rs. 2 Trillion in Five Months, Budget Deficit Narrows
Sri Lanka’s government revenue collection showed strong momentum in May 2025, recording Rs. 486 billion—the highest monthly figure so far this year.
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IFC Colombo 1 (Pvt) Ltd gets a 25-year tax holiday
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CNL Reporter
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July 21, 2025
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News
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tax holiday
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Sri Lanka has given a 25-year tax holiday, and the next 10 years at half the rate, to IFC Colombo 1 (Pvt) Ltd, which will develop a mixed use plot in the Colombo Port City.
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Tourist boat sinks, 37 dead in Vietnam
At least 37 people have died and several others remain missing after a tourist boat capsized in Vietnam’s Ha Long Bay amid rough weather conditions yesterday. According to officials, most of the victims were Vietnamese families traveling from the capital, Hanoi, on holiday when the incident occurred. The rescue team saved 11 victims, who are currently receiving medical treatment. Rescue …
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Police commission dismisses SDIG
The former Senior Deputy Inspector General of Police (SDIG) Nilantha Jayawardena has been officially dismissed from service by the National Police Commission (NPC), after determining that he failed to take appropriate action or respond to intelligence warnings ahead of the 2019 Easter Sunday terror attacks. SDIG Jayawardena, who previously served as the head of the State Intelligence Service (SIS), was …
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Japan holds Upper House elections in key test for Prime Minister Ishiba
Voting began on Sunday morning for an election for Japan’s House of Councillors, the upper chamber of parliament,
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