Press Release

Total Page：16

File Type：pdf, Size：1020Kb

Communications Department 30, Janadhipathi Mawatha, Colombo 01, Sri Lanka. Tel: 2477424, 2477423, 2477311 Fax: 2346257, 2477739 E-mail: [email protected], [email protected] Web: www.cbsl.gov.lk Press Release Issued By Communications Department Date July 4, 2016 Dr Indrajit Coomaraswamy assumes office as the Governor of the Central Bank of Sri Lanka Dr. Indrajit Coomaraswamy placing the specimen signature to be used on currency notes Dr Indrajit Coomaraswamy was appointed as the Governor of the Central Bank of Sri Lanka by His Excellency the President of the Democratic Socialist Republic of Sri Lanka Maithripala Sirisena, according to the provisions of the Monetary Law Act No.58 of 1949. Accordingly, Dr. Coomaraswamy will function as the Chairman of the Monetary Board of the Central Bank of Sri Lanka. Dr Indrajit Coomaraswamy was an official in the Central Bank of Sri Lanka from 1974-1989. He worked in the Economic Research, Statistics and Bank Supervision Departments. During this time he was seconded to the Ministry of Finance and Planning (1981-89). Dr Coomaraswamy was thereafter employed by the Commonwealth Secretariat from 1990-2008. During that time he held the positions, inter alia, of Director, Economic Affairs Division and Deputy-Director, Secretary-General's Office. He was subsequently Interim Director, Social Transformation Programme Division, Commonwealth Secretariat (Jan- July 2010). Dr. Coomaraswamy was a member of the Monetary Policy Consultative Committee of the Central Bank of Sri Lanka during the period January 2013 – January 2015. Dr. Coomaraswamy was the Advisor to the Ministry of Development Strategies and International Trade until recently. Dr Coomaraswamy completed his undergraduate degree at Cambridge University and obtained his Doctorate at the University of Sussex, United Kingdom. Dr. Coomaraswamy was an illustrious sportsman and represented Sri Lanka and the CR&FC at Rugby. He played Cricket for the Tamil Union C&AC. .

Copy Link

Recommended publications

Annual Report 2019
FINANCIAL INTELLIGENCE UNIT ANNUAL REPORT 2019 ISBN 978-955-575-405-7 ANNUAL REPORT 2019 Financial Intelligence Unit of Sri Lanka 1 CONTENTS Page LIST OF ACRONYMS .................................................................................................5 YEAR 2019 AT A GLANCE ........................................................................................7 NATIONAL COORDINATING COMMITTEE CHAIRMAN’S MESSAGE .......................9 DIRECTOR’S MESSAGE ............................................................................................11 FUNCTIONAL ORGANIZATIONAL CHART ..............................................................14 VISION, MISSION AND STRATEGIC GOALS ...........................................................15 CHAPTER 1: MANAGEMENT OF INFORMATION ................................................17 1.1 Collection of Information ..................................................................................17 1.2 Analysis of Information .....................................................................................21 1.3 Dissemination of Information ...........................................................................22 1.4 Suspension, Confiscation and Conviction Relating to Money Laundering/ Terrorist Financing ......................................22 CHAPTER 2: DOMESTIC AND INTERNATIONAL COOPERATION ........................25 2.1 Domestic Cooperation ......................................................................................25 2.2 International Cooperation .................................................................................28
[Show full text]
Policy Briefs
POLICY BRIEFS Policy Briefs Series: No.16 LKI Policy Briefs are extended analyses on foreign policy issues. Tracing the Link Between Social Harmony and Sri Lanka's Economic Development Nishadi Thennakoon* August 2019 *Nishadi Thennakoon is the Deputy Director, Central Bank of Sri Lanka, and an attorney-at-law. She can be reached at [email protected]. The opinions expressed in this piece are the author’s own and not the institutional views of LKI, and do not necessarily reflect the position of any other institution or individual with which the author is affiliated. An earlier version of this article originally published in the Daily FT. Copyright © 2019 Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) About LKI Policy Briefs LKI Policy Briefs are extended analyses on foreign policy issues. Terms of use LKI is not responsible for errors or any consequences arising from the use of information contained herein. The views expressed in an LKI Policy Brief are those of the author(s). They are not the institutional views of LKI and do not necessarily reflect the position of any other institution or individual with which an author is affiliated. Lakshman Kadirgamar Institute of International Relations and Strategic Studies 24 Horton Place, Colombo 7, Sri Lanka Email: [email protected]. Website: www.lki.lk Contents 1. Missed Investment Opportunities.………………………………………..…...……….1 2. A Nation Left Behind………………………………….………….………..………… 2 3. Boycotts Cripple the Economy……………………...…….…………..………………2 4. Deteriorating Efficiency of Labour…………………………………….……………. 3 5. Dwindling Sense of “Us”………………..……………………………….…………... 3 6. Undermining the Country’s Competitiveness………..……….……….………………4 7. Discouraging Digital Economy…………………………...….………......................... 5 8.
[Show full text]
Policy Briefs
POLICY BRIEFS Policy Briefs Series: No.16 LKI Policy Briefs are extended analyses on foreign policy issues. Tracing the Link Between Social Harmony and Sri Lanka's Economic Development Nishadi Thennakoon* August 2019 *Nishadi Thennakoon is the Deputy Director, Central Bank of Sri Lanka, and an attorney-at-law. She can be reached at [email protected]. The opinions expressed in this piece are the author’s own and not the institutional views of LKI, and do not necessarily reflect the position of any other institution or individual with which the author is affiliated. An earlier version of this article originally published in the Daily FT. Copyright © 2019 Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) About LKI Policy Briefs LKI Policy Briefs are extended analyses on foreign policy issues. Terms of use LKI is not responsible for errors or any consequences arising from the use of information contained herein. The views expressed in an LKI Policy Brief are those of the author(s). They are not the institutional views of LKI and do not necessarily reflect the position of any other institution or individual with which an author is affiliated. Lakshman Kadirgamar Institute of International Relations and Strategic Studies 24 Horton Place, Colombo 7, Sri Lanka Email: [email protected]. Website: www.lki.lk Contents 1. Missed Investment Opportunities.………………………………………..…...……….1 2. A Nation Left Behind………………………………….………….………..………… 2 3. Boycotts Cripple the Economy……………………...…….…………..………………2 4. Deteriorating Efficiency of Labour…………………………………….……………. 3 5. Dwindling Sense of “Us”………………..……………………………….…………... 3 6. Undermining the Country’s Competitiveness………..……….……….………………4 7. Discouraging Digital Economy…………………………...….………......................... 5 8.
[Show full text]
News Round up 03.01.2019
NEWS ROUND UP Thursday, January 03, 2018 Contents Sri Lanka Central Bank refutes President’s bond claims ............................................................................... 2 Sri Lanka to be 'brutal' on finance companies that lose capital ................................................................... 2 Sri Lanka expecting US$400mn India swap line shortly: CB Governor ......................................................... 4 Sri Lanka to tighten ownership limits in banks ............................................................................................. 5 Sri Lanka Treasuries yields ease at auction................................................................................................... 6 Sri Lanka mulls extending IMF deal amid soft-peg trouble .......................................................................... 6 Tourist arrivals growth higher in 2018 with record haul in December ........................................................ 7 Taprobane Securities (Pvt) Ltd – Research + 94 11 5328200 [email protected] Sri Lanka Central Bank refutes President’s bond claims Sri Lanka’s Central Bank Wednesday rejected President Maithripala Sirisena’s allegation that over one thousand billion rupees had been stolen through controversial bond sales over a 14-year period ending 2016. Central Bank of Sri Lanka Senior Deputy Governor Nandalal Weerasinghe said he was at a meeting with President Sirisena on December 21 to discuss progress in investigating the alleged bond scams, but was surprised to read
[Show full text]
Ca Annual Report 2012.Pdf
HIGHER. BIGGER. BETTER. Each year we go beyond, aiming for and setting a higher benchmark to be mastered and fine-tuned in the year ahead. During the year in review we have achieved much in many key areas: new corporate offices and a building that reaches higher; a service portfolio that has grown bigger to encompass the manifold changes in our profession, both locally and globally; with a focussed delivery on excellence that has matured into one that is truly better. The facts, figures and keen analysis you will find within the pages of this report stand testament to our ethos of constantly evolving and improving the vision of our organisation – an ethos we can all be proud of; one most will envy and strive to emulate on the way forward. 2012 ANNUAL REPORT 2 Vision Mission Objectives and Core Values 03 President’s Review 04 Secretary/CEO’s Review 06 Council Review 08 Highlights 2012 10 Lead Sponsors 2012 17 Upholding Standards in the Public Interest 18 Excellence in Education and Professional Development 25 Leadership through Ideas and Influence 30 Delivering Dynamic and Proactive Service 34 Council Members 2012-13 & Secretary 42 Council Members 2012-13 Profiles 43 The Management Team 44 Past Presidents 45 Committees and Faculties 2012-13 46 Five - Year Summary of Financial Results 48 Financial Commentary 49 Responsibility Statement 50 The Report of the Auditor 51 Statement of Comprehensive Income 52 Statement of Financial Position 53 Notes to the Financial Statements 56 Notes 64 F B Lander Prize Fund 75 Cyril E Begbie Memorial Prize
[Show full text]
ABA Newsletter July 2016
ABA Newsletter July 2016 General Meeting and Conference Discover ABA Session to feature 4 member banks his year's ABA General Meeting and Conference will include "Discover ABA" session to be held on November 10, 2016. The session will feature special country presentations T by the host bank and banks from selected ABA member-countries. The members who have been invited for this session are Commerzbank, Bank of Bhutan, Bank Pasargad and host organization Bank of Foreign Trade of Vietnam (Vietcombank). The country presentations are intended for the delegates to obtain more information about the market conditions in the various ABA member countries. Each bank representative will be given about 20 minutes to present and another 10 minutes for question and answer session. The presentations will be focused on the member bank's profile; country references such as demographics, culture and GDP per capita; overview of financial and banking system; international trade and foreign investment policy; strong economic points; and economic challenges. About the 33 rd ABA General Meeting and Conference The 33rd ABA General Meeting and Conference will be held on November 10-11, 2016 in Ha Long City, Vietnam. It takes on the theme “Asian Banks: Towards Global Integration” and feature 3 plenary sessions on global macroeconomics, changing regulatory environment, and digital banking. It will also include a CEO forum in which top executives from both the banking and non-banking executives will share their knowledge on financial integration. 1 ABA Newsletter July 2016 Education and Training Temenos holds executive briefing for Taiwanese bankers on the Future of Digital Banking emenos, a Geneva-based software specialist for banking and finance, hosted a half-day Executive Briefing on “Succeeding Through the Digital Revolution – Are Taiwan Banks T Ready for Digital Banking?” held on June 23, at the Mandarin Hotel in Taipei, Taiwan.
[Show full text]
World Bank Document
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized STRIKING THE RIGHT BALANCE Annual Report 2019 Recognising our pivotal role, we navigated through an evolving ﬁnancial market guided by a strong desire to ensure regulation and development of the capital market. We created the right eco-system capable of serving the needs of investors and entrepreneurs by striking the right balance between promoting and facilitating the growth of the market and ensuring market integrity, transparency and investor protection. 2 Securities and Exchange Commission of Sri Lanka | Annual Report 2019 Mission To promote, develop and maintain a capital market that is fair, effcient, orderly and transparent Vision To become the benchmark regulator in the region for effective, effcient and proactive capital market regulation About us The Securities and Exchange Commission of Sri Lanka (SEC) was established by Act of Parliament No. 36 of 1987 as amended by Act No. 26 of 1991, Act No. 18 of 2003 and Act No. 47 of 2009. The SEC is under the purview of the Ministry of Finance Securities and Exchange Commission of Sri Lanka | Annual Report 2019 3 CONTENTS Chairman’s Review | 4-5 Financial Reports Director General’s Review | 6-12 Securities and Exchange Commission of Sri Lanka Comprehensive, Action-Oriented, Auditor General’s Report | 66-68 Practical and Measurable Capital Statement of Financial Position | 69 Market Strategy 2020 - 2025 | 13 Statement of Financial Performance | 70 Key Regulatory and Development
[Show full text]
Word Portrait Global 160517
FINAL REPORT| RFP 4 | INVESTIGATION ON ISSUANCE OF TREASURY BONDS ANDParliament REMITTANCE OF Copy FUNDS TO THE GENERAL TREASURY DURING 1 FEBRUARY 2015 TO 31 MARCH 2016 THE CENTRAL BANK OF SRI LANKA 8 NOVEMBER 2019 FINAL REPORT | INVESTIGATION ON ISSUANCE OF TREASURY BONDS AND REMITTANCE OF FUNDS TO THE GENERAL TREASURY DURING 1 FEBRUARY 2015 TO 31 MARCH 2016 CONTENTS GLOSSARY ................................................................................................................... 5 TERMS FOR REFERENCE ................................................................................................... 7 NOTICE TO THE READER ................................................................................................... 9 1. INTRODUCTION ..................................................................................................... 14 1.1. BACKGROUND ................................................................................................. 14 1.2. SCOPE OF FORENSIC AUDIT ................................................................................. 16 2. EXECUTIVE SUMMARY OF OBSERVATIONS ........................................................................ 18 2.1. DEVIATIONS FROM LAWS, REGULATIONS AND GUIDELINES .............................................. 18 2.2. IRREGULARITIES IN CONDUCT OF AUCTIONS ............................................................. 19 2.3. ASSESSMENT OF LOSS IN ISSUANCE OF TREASURY BONDS .............................................. 28 2.4. PUBLIC DOMAIN SEARCHES .................................................................................
[Show full text]
Word Portrait Global 160517
FINAL REPORT| RFP 1| FORENSIC AUDIT / INVESTIGATION ON ISSUANCE OFParliament TREASURY BONDS Copy DURING THE PERIOD 1 JANUARY 2002 TO 28 FEBRUARY 2015 BY THE PUBLIC DEBT DEPARTMENT THE CENTRAL BANK OF SRI LANKA 8 November 2019 FINAL REPORT | RFP 1 | FORENSIC AUDIT / INVESTIGATION ON ISSUANCE OF TREASURY BONDS DURING THE PERIOD 1 JANUARY 2002 TO 28 FEBRUARY 2015 BY THE PUBLIC DEBT DEPARTMENT CONTENTS GLOSSARY ................................................................................................................... 5 TERMS FOR REFERENCE ................................................................................................... 7 NOTICE TO THE READER ................................................................................................... 9 LIMITATIONS ............................................................................................................... 11 1. INTRODUCTION ..................................................................................................... 14 1.1. BACKGROUND .............................................................................................. 14 1.2. SCOPE OF FORENSIC AUDIT .............................................................................. 16 2. EXECUTIVE SUMMARY OF OBSERVATIONS ........................................................................ 18 2.1. DEVIATIONS FROM THE LAWS, POLICIES AND GUIDELINES ........................................... 18 2.2. IRREGULARITIES IN DIRECT PLACEMENT ISSUES ......................................................
[Show full text]
Invest-Srilanka-Forum-Singapore.Pdf
Media Release March 04, 2018 Colombo: ‘Invest Sri Lanka’ takes center stage in Singapore The ‘Invest Sri Lanka’ Investor Forum organized by the Colombo Stock Exchange (CSE), the Securities and Exchange Commission of Sri Lanka (SEC) and the Singapore – Sri Lanka Business Association (SLBA) was recently held at the Four Seasons Hotel Singapore and made a strong case for investment flows into Sri Lanka. The event drew a strong turnout of leading Asia–based institutional funds and other investors across multiple industries and was graced by Hon. Prime Minister Ranil Wickremesinghe as the keynote speaker and the Minister for Trade and Industry in Singapore Hon. S. Iswaran. A Sri Lankan delegation including senior representatives of the CSE, SEC, the Central Bank of Sri Lanka, 17 listed companies and 12 Stock Broker Firms collectively pitched for further investment flows into Sri Lanka, a call that was also boosted by strong endorsements for Sri Lanka by the Singapore Business Federation (SBF), CHEC Port City Colombo, Shangri‐La Hotels and Resorts, Aberdeen Standard Investments Asia and DBS Bank. Hon. Prime Minister Ranil Wickremesinghe making the keynote address at the event stated that Sri Lanka is on the path of becoming an attractive place for business in South Asia, one of the fastest growing regions in the world and said “This also means that for you – in Singapore – Sri Lanka becomes a very advantageous hub to do business, to live, to invest in, to use as a springboard to South Asia and the Indian Ocean region, and as a link between South East Asia and South Asia.” The Hon.
[Show full text]
Synopsis of IMF, World Bank & ADB Agenda On
Synopsis of IMF, World Bank & ADB Agenda on PRIVATISATION Pillage of the Plantations in Sri Lanka Amazon Books - ‘IMF, World Bank & ADB Agenda on Privatisation – Vol. 1 : Pillage of the Plantations in Sri Lanka’ http://www.consultants21.com/fraud-&-corruption-exposures-new.php What is well brought out in this Book is the appalling manner, in which the historic cornerstone of the economy, the invaluable Plantations, particularly Tea and Rubber Plantations, a national asset, had been privatized under the Agenda of the IMF, World Bank & ADB. These Plantations had been nationalized consequent to a Report in December 1974 of the Commission of Inquiry on Agency Houses and Brokering Firms, referred to as the ‘Bernard Soysa Report’, which disclosed malpractices detrimental to the Plantations. That considerable funds of these Plantations had been syphoned to the Colombo City based Agency Houses, who managed such Plantations, inter-alia, with the main stakeholder of the Plantations, the employees thereof being denied of their rightful dues - viz: Size - 8.25” X 11” - Pages 248 The privatization of these Plantations had been intriguingly done on ad-hoc questionable manner, and hence this Book has been appropriately named as the ‘Pillage of the Plantations’. The Author has incisively investigated this privatization process in depth, and has exposed with facts and data, shocking the conscious, as to how such valuable national assets had been so privatized, causing loss, damage and detriment to the Government of Sri Lanka and the public. An useful feature in this Book has been the inclusion of significant and relevant facts and data. A Report had been formulated in February 1995 by a Committee chaired by then Secretary, Ministry of Finance, A.S.
[Show full text]
Press Release
Communications Department 30, Janadhipathi Mawatha, Colombo 01, Sri Lanka. Tel : 2477424, 2477423, 2477311 Fax: 2346257, 2477739 E-mail: [email protected], [email protected] Web: www.cbsl.gov.lk Press Release Issued By Economic Research Department Date 12.12.2019 12-12-2012 Central Bank of Sri Lanka holds its 12th International Research Conference The Central Bank of Sri Lanka held its annual flagship event, the 12th International Research Conference at the John Exter International Conference Hall of the Central Bank on 09 December 2019. The Conference was aimed at stimulating theoretical and empirical research on various contemporary macroeconomic policy issues and provided researchers from diverse backgrounds a platform to discuss their views, findings and experiences from varied perspectives. Delivering the inaugural address, Deshamanya Dr. Indrajit Coomaraswamy, Governor of the Central Bank of Sri Lanka, highlighted the various global and domestic challenges faced by central banks and policymakers around the world and the need to adapt to these developments to ensure greater macroeconomic and financial stability. He also highlighted the macroeconomic challenges faced by Sri Lanka and emphasised the necessity for continuous research to assist policymakers in the formulation of conducive macroeconomic policies in a timely manner. This year’s Conference was graced by the presence of two eminent international economists – Prof. Sayuri Shirai, Professor of Keio University, Visiting Scholar at 1 the Asian Development Bank Institute and former Member of the Policy Board of the Bank of Japan, and Mr. Marc-Olivier Strauss-Kahn, Honorary Director General and former Chief Economist of Banque de France. Addressing the gathering, Prof.
[Show full text]