Category: Legal

A new capital requirement is shaking up Sri Lanka’s fragmented banking industry, encouraging mergers of small banks and forcing all to make more efficient use of their funds, analysts say. In April, the central bank said all banks must have at least Rs.2.5 billion ( million) in Tier 1 capital by the end of 2007, […]

Sri Lanka on Friday announced measures to prevent voters impersonating the tsunami dead as well as special arrangements for those displaced by the calamity to vote in November’s presidential elections. Sri Lanka on Friday announced measures to prevent voters impersonating the tsunami dead as well as special arrangements for those displaced by the calamity to […]

Transparency International is urging stricter controls to prevent political appointments to top public sector posts if a new President is elected this year.Transparency International is urging stricter controls to prevent political appointments to top public sector posts if a new President is elected this year. Sri Lanka’s public sector and diplomatic corps, at least since […]

A Sri Lankan magistrate Thursday gave police permission to examine three private bank accounts amid allegations that Prime Minister Mahinda Rajapakse helped himself to foreign aid meant for tsunami survivors.A Sri Lankan magistrate Thursday gave police permission to examine three private bank accounts amid allegations that Prime Minister Mahinda Rajapakse helped himself to foreign aid […]

The Policy – agreement entered between the presidential candidate, Hon.Mahinda Rajapakse the Prime Minister and the Peoples Liberation Front (JVP) for the presidential poll 2005 The Policy – agreement entered between the presidential candidate, Hon. Mahinda Rajapakse the Prime Minister and the Peoples Liberation Front (JVP) for the presidential poll 2005 1 It is hereby […]

A Sri Lankan court has freed 21 men who were accused of involvement in the 1993 assassination of president Ranasinghe Premadasa, the state attorney general’s department said Thursday. A Sri Lankan court has freed 21 men who were accused of involvement in the 1993 assassination of president Ranasinghe Premadasa, the state attorney general’s department said […]

Sri Lanka’s Constitutional Council in limbo because Muslim political parties cannot agree on a Muslim representative.Sri Lanka’s Constitutional Council in limbo because Muslim political parties cannot agree on a Muslim representative. Sri Lanka is heading into another election with no hint of the long promised Election Commission. But this time, even the Constitutional Council – […]

Sri Lanka’s Supreme Court on Friday ruled that Presidential elections are due this year.Sri Lanka’s Supreme Court on Friday ruled that Presidential elections are due this year. The decision was made unanimously by the five-member bench. President Chandrika Kumaratunga argues she should stay in power until late 2006, while her foes say the vote is […]

Sri Lanka’s Supreme Court has ruled that President Chandrika Kumaratunga’s final term ends in December, clearing the way for elections between October 22 and November 22.Sri Lanka’s Supreme Court has ruled that President Chandrika Kumaratunga’s final term ends in December, clearing the way for elections between October 22 and November 22. Kumaratunga had argued that […]

Sri Lanka’s Supreme Court on Friday ruled that Presidential elections are due this year.Sri Lanka’s Supreme Court on Friday ruled that Presidential elections are due this year. The decision was made unanimously by the five-member bench. President Chandrika Kumaratunga argues she should stay in power until late 2006, while her foes say the vote is […]

Sri Lanka’s Supreme Court on Monday asked the elections chief to hold back on announcing the date of presidential polls pending a ruling on when the term of incumbent Chandrika Kumaratunga ends.Sri Lanka’s Supreme Court on Monday asked the elections chief to hold back on announcing the date of presidential polls pending a ruling on […]

Sri Lanka’s parliament Thursday extended the state of emergency imposed after the assassination of the country’s foreign minister by suspected Tamil Tiger rebels.Sri Lanka’s parliament Thursday extended the state of emergency imposed after the assassination of the country’s foreign minister by suspected Tamil Tiger rebels. The assembly voted 124 for and 21 against extending the […]