News Room : CEJ decries piecemeal payments to derail broader claims being pursued – The Island
Singapore headquartered X-Press Feeders has refused to abide by Sri Lanka’s Supreme Court order made in July that the company pay an ‘initial’ US$1 billion in damages within a year to Sri Lankan authorities, with the first tranche of US$250 million to be paid by 23 September. The SC also ordered the company “to make such other and further payments”...
News Room : Sarvodaya Development Finance delegation completes Agri-Innovate immersion at Kasetsart University, Thailand
A cross-functional leadership team from Sarvodaya Development Finance PLC (SDF) has completed the International Programme on Agri-Innovate: A Value Creation Journey from Soil to Shelf at the Faculty of Business Administration, Kasetsart University, Bangkok, delivered in collaboration with the Postgraduate Institute of Management (PIM). The mid-September programme focused on end-to-end value-chain innovation, from farm productivity and logistics to markets,...
News Room : Urban Island Launches ‘The Art Room’ to Showcase SL’s Emerging Creative Talent
Urban Island has officially unveiled The Art Room, a dedicated space celebrating Sri Lanka’s emerging creative voices, with an inaugural exhibition by Sri Lankan-born, Italy-educated, AOD alumni artist Rochelle Fernando. The launch attracted dignitaries, members of Colombo’s creative community, and invited guests, all coming together to celebrate the new addition to the city’s artistic landscape. Housed within Urban Island’s Colombo...
News Room : Petition Against CIABOC DG’s Appointment Withdrawn
The Fundamental Rights petition filed challenging the appointment of High Court Judge Ranga Dissanayake as Director General of the Commission to Investigate Allegations of Bribery or Corruption was withdrawn before the Supreme Court today (23). The petition had been filed by a group including Ven. Wewelduwagyanaprabha Thero, Chief Incumbent of Udawalawa Soma Viharaya. The petition sought a declaration nullifying the...
News Room : ‘Ilukpitiya’s Guilty Plea Calculated, Not Genuine,’ Rules SC (Full Court Report)
The Supreme Court yesterday (23 September) ruled that former Controller General of Immigration and Emigration Harsha Ilukpitiya’s decision to plead guilty to contempt of court was a calculated and strategic move rather than a genuine expression of remorse, sentencing him to two years of rigorous imprisonment. The judgment was delivered by Justice Yasantha Kodagoda with the concurrence of Justices Janak...
News Room : VFS Visa Deal: Ilukpitiya Sentences to Two Years in Prison for Contempt
The Supreme Court today (23) sentenced former Controller General of Immigration and Emigration Harsha Ilukpitiya to two years of rigorous imprisonment over contempt of court charges. The case was filed against Ilukpitiya in connection with a controversial visa deal. On 1 July, he pleaded guilty to the charges before the Supreme Court. The matter was then fixed for 23 September...
News Room : Sandhu bags six to give Pakistan consolation win
Nashra Sandhu returned the second best figures for Pakistan in women’s ODIs, helping the hosts earn a consolation six-wicket win in the third ODI against South Africa in Lahore. The left-arm spinner ripped through the South Africa top-order, bagging 6 for 26 in nine overs to skittle them for just 115. In reply, Sidr Amin followed up her twin centuries...
News Room : Speaker endorses certificate on National Audit (Amendment) Bill – The Island
In a landmark step towards strengthening the resilience of micro, small, and medium-sized enterprises (MSMEs) against climate-induced disasters, Chrysalis, with the support of CARE Germany, officially launched Sri Lanka’s first Climate Resilience Revolving Fund for MSMEs in Colombo recently. The initiative, co-funded by the German Federal Ministry for Economic Cooperation and Development (BMZ), the European Union, and Co-Impact, and implemented...
News Room : NDB Bank partners with Ideal Motors to drive affordable leasing solutions – The Island
NDB Bank recently entered into a strategic partnership with Ideal Motors (Pvt) Ltd., the official distributor for Mahindra vehicles in Sri Lanka, through the signing of a Memorandum of Understanding. This collaboration marks a significant step in providing affordable and accessible financing solutions for both individual customers and SMEs Through this partnership, customers will now have the opportunity to lease...
News Room : Money Laundering: Jacqueline Fernandez’s Plea Rejected
The Supreme Court of India on Monday (22) refused to interfere with a Delhi High Court order dismissing actor Jacqueline Fernandez’s plea to quash ECIR (equivalent to FIR) in a Rs 200 crore money laundering case involving alleged conman Sukesh Chandrasekhar. “We will not interfere at this stage,” a bench of Justices Dipankar Datta and Augustine George Masih told senior...