Committee On Public Enterprises (Sri Lanka)
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Committee On Public Enterprises (Sri Lanka)
The Committee On Public Enterprises (COPE) is a parliamentary committee established on July 21, 1979 by the Parliament of Sri Lanka. Mission The intention of the committee is to ensure the compliance of financial discipline in Public Corporations and other Semi Governmental bodies in which the Government of Sri Lanka has a financial stake. Structure COPE consists of 31 Members reflecting the party composition in the House established under the Standing Order 126 at the beginning of each Parliamentary Session and the Chairman is elected by the Members of the Committee at its first session. Its quorum is four. Past chairmen * George Abeygunasekera, M.P. * M. S. Amarasiri, M.P. * John Amaratunga, M.P. * Wimal Wickramasinghe, M.P. * Rohan Abeygunasekera, M.P. * D. P. Wickremasinghe, M.P. * Prof. W. A. Wiswa Warnapala, M.P. * Reggie Ranatunga, M.P. * Jeyaraj Fernandopulle, M.P. * Rohitha Bogollagama, M.P. * Wijeyadasa Rajapakshe, M.P. * W. D. J. Senewiratne, M.P. * D. E. W. Gunasek ...
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Parliament Of Sri Lanka
The Parliament of the Democratic Socialist Republic of Sri Lanka (Sinhala: ශ්‍රී ලංකා පාර්ලිමේන්තුව ''Shri Lanka Parlimenthuwa'', Tamil: இலங்கை நாடாளுமன்றம் ''Ilaṅkai nāṭāḷumaṉṟam'') is the supreme legislative body of Sri Lanka. It alone possesses legislative supremacy and thereby ultimate power over all other political bodies in the island. It is modeled after the British Parliament. It consists of 225 members known as Members of Parliament (MPs). Members are elected by proportional representation for five-year terms, with universal suffrage. The President of Sri Lanka has the power to summon, suspend, prorogue, or terminate a legislative session and to dissolve the Parliament. President can dissolve Parliament only after the lapse of years or if majority of Members of Parliament requests him. The actions of the president to either suspend or dissolve the Parliament is subject to leg ...
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Government Of Sri Lanka
The Government of Sri Lanka (GoSL) ( si, ශ්‍රී ලංකා රජය, Śrī Lankā Rajaya; ta, இலங்கை அரசாங்கம்) is a parliamentary system determined by the Sri Lankan Constitution. It administers the island from both its commercial capital of Colombo and the administrative capital of Sri Jayawardenepura Kotte. Constitution The Constitution of Sri Lanka has been the constitution of the island nation of Sri Lanka since its original promulgation by the National State Assembly on 7 September 1978. It is Sri Lanka's second republican constitution and its third constitution since the country's independence (as Ceylon) in 1948. As of October 2020, it has been formally amended 21 times. Executive branch The President, directly elected for a five-year term, is head of state, chief executive, and commander-in-chief of the armed forces. The election occurs under the Sri Lankan form of the contingent vote. Responsible to Parliament for the ...
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John Amaratunga
John Anthony Emmanuel Amaratunga ( Sinhala: ජෝන් ඇන්තනී එමානුවෙල් අමරතුංග) (born 21 May 1940) is a Sri Lankan politician and lawyer. He is a representative of Gampaha District for the United National Party in the Parliament of Sri Lanka. He resides in Kandana.He was the minister Tourism Development, Christian Religious Affairs and Land in the United National Party led government. He also held the powerful ministry of Interior in the 2001-2004 United National Party government. Early life Educated at De Mazenod College, Kandana and at Saint Joseph's College, Colombo. He studied law at the Ceylon Law College and became a proctor in July 1966. He setup his legal practice in Negombo, becoming a Notary Public and a Justice of the Peace and Unofficial magistrate. Political career Amaratunga joined the United National Party and became active in local politics. In 1978, while serving as chairman, Sri Lanka Leather Corporation; he succ ...
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Jeyaraj Fernandopulle
Jeyaraj Fernandopulle ( si, ජෙයරාජ් ප්‍රනාන්දුපුල්ලේ, ta, ஜெயராஜ் பெர்னான்டோபுள்ளே, 11 January 1953 – 6 April 2008) was a Sri Lankan politician who served as a cabinet Minister and a Member of Parliament in Sri Lanka. He was a Roman Catholic and hailed from a minority ethnic group Colombo Chetties. Early life Fernandopulle was born on the 11 January 1953 in Walihena, Kochchikade (about 12 km north of Negombo). He has done the preliminary education (up to grade 1) at ''Ave Maria Convent'', Negombo, then entered ''Maris Stella College'', Negombo for primary and secondary education. In 1972 Fernandopulle became a teacher after leaving the school, but left teaching to become a lawyer in 1974. He passed out from the Sri Lanka Law College in 1977 as an Attorney-at-law. One of his contemporaries at the Law College was President Mahinda Rajapakse who was an MP at that time. Since ...
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Rohitha Bogollagama
Chandrasekera Rohitha Bandara Bogollagama (born 6 August 1954) (known as ''Rohitha Bogollagama'') (Sinhala language, Sinhala: රෝහිත බෝගොල්ලාගම, ta, ரோகித போகோல்லாகம) is a Sri Lankan politician and ex Governor of Eastern Province. He was the former Sri Lanka Freedom Party chief organiser for the Kotte Electorate. He had also served as the Cabinet Minister of Foreign Affairs of Sri Lanka, Minister of Foreign Affairs from 28 January 2007 until he was defeated in the 2010 Sri Lankan parliamentary election, General Elections held on 8 April 2010, losing his seat in parliament. He had a long career in law running from 1976 to 1999, before being elected to the Parliament of Sri Lanka, Sri Lankan parliament in 2000 from the United National Party, and then crossed over to Sri Lanka Freedom Party Early life Born in Nikaweratiya, North Western Province, Sri Lanka, North Western Province, to Chandrasekera Malala Banda Bogollagama ( ...
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Wijeyadasa Rajapakshe
Wijeyadasa Rajapakse, MP, PC (born 16 March 1959) is a Sri Lankan lawyer and politician. He is the current Minister of Justice and previously served in the same ministry from 2015 to 2017. He was the Prime Minister's nominee for the Constitutional Council (Sri Lanka) During the 2018 Sri Lankan constitutional crisis, he had briefly served as the Minister of Education and Higher Education and his post was suspended by the court in 2018. Political career In May 2004 he was appointed as a Member of Parliament to represent the ruling Party, Sri Lanka Freedom Party (SLFP) and was offered the Ministry of Constitutional Affairs which was refused by him. Later he continued as the only Member of Parliament on the government side, without holding any portfolio. Following the 2005 presidential elections, President Mahinda Rajapaksa appointed him as the Minister of State Banking Development in November 2005, but he resigned in April 2006 on a matter of policy. He also resigned from the post ...
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Sunil Handunnetti
Sunil Handunnetti (born October 19, 1970) is a Sri Lankan politician and a member of the Parliament of Sri Lanka. He contested the 2010 parliamentary elections under the Democratic National Alliance (DNA), which is led by former army chief Sarath Fonseka and was re-elected to Parliament from Colombo District. Entered politics by being a student in Sri Jayawardanapura University and became the Convener of the Inter University Students' Federation in 1995 and continued until 1996. Was an activity in the Socialist Students Union Socialist Students' Union of Sri Lanka (SSU) also known as Samajavadi Shishya Sangameya is a students' union in Sri Lanka that operates as the students' wing of the Marxist-Leninist Janatha Vimukthi Peramuna. It is currently a member of the .... Entered full-time politics in 1998 and was elected as a councilor of Colombo Municipal Council during 1998-1999 Was elected to the Central Committee of the JVP in 2000 and was appointed to the Political Bur ...
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Sri Lanka Insurance
Sri Lanka Insurance Corporation Limited, also known as Sri Lanka Insurance is the largest and strongest composite insurance provider in Sri Lanka. It is the first and only insurance company in Sri Lanka to be assigned a prime AAA- rating for Insurance Financial Strength from the US rating agency Fitch Ratings New York City. The company now manages assets worth over US$1102 Million. History Sri Lanka Insurance was incorporated by a special act of Parliament in 1961. It was formed by nationalizing the insurance industry which was run by various local and foreign private companies. It maintained the monopoly in the insurance industry until the establishment of the National Insurance Corporation in 1980. In 1988, the insurance field was liberalized by permitting private companies to enter the industry. In 1993 with the objective of providing greater autonomy to operate in this environment, the corporation was converted to a fully government-owned limited liability corporate entity. It ...
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Ceylon Petroleum Corporation
Ceylon Petroleum Corporation, commonly known as CEYPETCO (CPC), is a Sri Lankan oil and gas company. Established in 1962 and wholly owned by the Government of Sri Lanka. It is largest oil company in the Sri Lanka. It was formed in 1961 by nationalisation and expropriation of all private oil companies in Sri Lanka at the time of its formation. It is under the ownership of Ministry of Petroleum Resources Development headquartered in Colombo. It is the largest government owned company in the country, with an operational profit of Rs. 33.9 billion for the financial year 2020. CPC provides a substantial source of income for the Sri Lanka government, with 30% of the government's budget dependent on the company's dividend. In December 2018, CPC became Sri Lanka's most loss government corporation of the second consecutive years, with a record loss of Rs. 326 billion at the end of 2018. History Even after independence in 1948, policy towards the country's petroleum and gas industry had ...
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Mahinda Rajapaksa
Mahinda Rajapaksa ( si, මහින්ද රාජපක්ෂ, ta, மஹிந்த ராஜபக்ஷ; born Percy Mahendra Rajapaksa; 18 November 1945) is a Sri Lankan politician. He served as the President of Sri Lanka from 2005 to 2015; the Prime Minister of Sri Lanka from 2004 to 2005, 2018, and 2019 to 2022; the Leader of the Opposition from 2002 to 2004 and 2018 to 2019, and the Minister of Finance from 2005 to 2015 and 2019 to 2021. He has been a Member of Parliament (MP) for Kurunegala since 2015. Rajapaksa is a lawyer by profession and was first elected to the Parliament of Sri Lanka in 1970. He served as the leader of the Sri Lanka Freedom Party from 2005 to 2015. Rajapaksa was sworn in for his first six-year term as president on 19 November 2005. He was subsequently re-elected in 2010 for a second term. Rajapaksa was defeated in his bid for a third term in the 2015 presidential election by Maithripala Sirisena, and he left office on 9 January 2015. L ...
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Central Bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country's ...
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Arjuna Mahendran
Lakshman Arjuna Mahendran is a Sri Lankan-born Singaporean economist and banker. He is a former Governor of the Central Bank of Sri Lanka (CBSL), having been appointed by President Maithripala Sirisena in January 2015 and served until the end of his term in 30 June 2016. He was the former Managing Director of HSBC Private Bank, Chief Investment Officer of Emirates NBD as well as Chairman and Director-General of the Board of Investment of Sri Lanka.Arjuna Mahendran new CB Governor
Dailymirror.lk. Retrieved on 19 November 2015.
Arjuna Mahendran
Emiratesnbd.com. Retrieved on 19 November 2015.
Mahendran is ...
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