Court of Appeal to hear eight intervening petitions in Sallay case

The Court of Appeal has fixed 4 and 6 August to consider several intervening petitions filed in connection with a case brought by former State Intelligence Service (SIS) Director Suresh Sallay challenging his arrest and detention by the Criminal Investigation Department (CID).

Eight parties, including Venerable Bengamuwe Nalaka Thera and Archbishop of Colombo Malcolm Cardinal Ranjith, have submitted intervening petitions seeking permission to make submissions in the matter.

When the case was taken up last week, Court of Appeal President Judge Rohantha Abeysooriya said the intervening applications would be considered after the conclusion of submissions by President’s Counsel Sanjeewa Jayawardena, who appears for Sallay.

Following agreement from lawyers representing the intervening petitioners, the Court directed that the applications be taken up on 4 and 6 August.

E-Visible celebrates 15 years of innovation, unveils next chapter with Navitrax

E-Visible recently celebrated its 15th anniversary, marking a significant milestone in its journey from a one-person operation to one of Sri Lanka’s leading shipping desk service providers.

The occasion also highlighted the company’s continued commitment to innovation with the introduction of Navitrax, a next-generation technology platform designed to transform shipping desk operations.

Founded in 2010, E-Visible began when a leading multinational company approached the team with a temporary logistics requirement. The success of the solution and the value it delivered soon transformed a short-term assignment into a long-term partnership, laying the foundation for a company built on innovation, operational excellence, and customer trust.

Over the past 15 years, E-Visible has established itself as a pioneer in shipping desk services in Sri Lanka. Through its unwavering focus on customer success and continuous improvement, the company has earned the confidence of more than 20 leading local and multinational organisations.

From humble beginnings serving a single customer, E-Visible has grown into an organisation of over 100 professionals. This remarkable growth reflects the company’s dedication to delivering exceptional service while building long-lasting partnerships with its customers.

As the logistics industry evolved, E-Visible also recognised the growing challenge of attracting and retaining the skilled workforce needed to support expanding operations. Rather than relying solely on manpower, the company identified technology as the key to driving greater efficiency, maintaining service excellence, and supporting sustainable growth.

This vision led to the development of Navitrax, a next-generation technology platform built on 15 years of industry expertise. Designed to streamline shipping desk operations, Navitrax enhances productivity, improves operational visibility, and reduces dependence on manual processes, enabling organisations to build more resilient, scalable, and future-ready logistics operations.

As it celebrates this important milestone, E-Visible remains focused on the future. Backed by 15 years of trusted expertise, the company continues to invest in technology, drive operational excellence, and develop innovative solutions that empower customers to succeed in an increasingly dynamic global logistics landscape.

Sri Lanka-India treaty to curb activity driven purely by tax benefits

Sri Lanka and India have amended their Double Taxation Avoidance Agreement (DTAA) to introduce the internationally recognised Principal Purpose Test (PPT), empowering tax authorities in both countries to deny treaty-based tax benefits where one of the principal purposes of an investment or transaction is to obtain a tax advantage rather than support genuine commercial activity.

The amended protocol entered into force on 19 June after both countries completed their domestic legal procedures and has since been notified by Sri Lanka’s Finance Ministry. The revised provisions will apply in India to income derived from 1 April 2027.

The PPT is a key anti-tax avoidance measure developed under the Organisation for Economic Co-operation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS) framework. It allows tax authorities to refuse benefits available under the bilateral tax treaty if it is reasonable to conclude that securing a treaty-related tax advantage was one of the principal purposes of an arrangement or transaction, unless granting the benefit is consistent with the treaty’s object and purpose (https://www.ft.lk/top-story/Govt-in-the-dark-as-FDI-tax-incentives-become-obsolete/26-794423).

The amendment also revises the treaty’s preamble to clarify that the agreement is intended to eliminate double taxation without creating opportunities for non-taxation or reduced taxation through tax evasion or tax avoidance.

For businesses operating between Sri Lanka and India, the changes mean treaty benefits will increasingly depend on whether investments and corporate structures are supported by genuine commercial substance rather than being established primarily to obtain favourable tax treatment.

The revised treaty shifts the focus from merely satisfying technical requirements, such as tax residency and documentation, to demonstrating a legitimate commercial rationale for cross-border arrangements.

The protocol aligns the India-Sri Lanka tax treaty with international tax standards under the OECD’s BEPS initiative and reflects the growing global emphasis on protecting tax revenues while facilitating genuine cross-border trade and investment.

LASCOPA seeks collaboration with consumers to eliminate ‘No return’, ‘No cancellation’ policies

The Lagos State Government, through the Lagos State Consumer Protection Agency (LASCOPA), has reaffirmed its commitment to protecting consumers by discouraging the unlawful use of ‘No return, No refund, No replacement’ and ‘No cancellation after payment’ policies by businesses operating across the State.

The General Manager/Chief Executive Officer of LASCOPA, Afolabi Solebo, stated that while businesses have the right to establish reasonable terms and conditions, such policies cannot override the rights guaranteed to consumers under applicable consumer protection laws, particularly where goods are defective, unsafe, misrepresented, or unfit for the purpose made known to the seller before purchase.

According to him, consumers deserve fair treatment and should not be compelled to accept defective goods or services simply because a business displays a disclaimer.

He stressed that any policy designed to deprive consumers of their lawful rights is unfair, misleading, and unenforceable.

‘The Lagos State government is partnering with consumers to eliminate unfair trade practices, including the indiscriminate use of ‘No return, No refund, No replacement’ and ‘No cancellation after part or full payment’ policies.

‘Consumer rights are protected by law, and businesses must operate responsibly and fairly. ‘We encourage consumers to know their rights and report any violations to LASCOPA for prompt intervention,’ Solebo stated.

The General Manager further explained that consumers are entitled to appropriate remedies where goods or services are defective, unsafe, falsely described, or fail to meet the purpose for which they were purchased, provided they comply with the applicable terms of purchase and relevant legal provisions.

He also called on event centres, hotel operators, reservation service providers, and other businesses to adopt transparent, fair, and consumer-friendly return, refund, replacement, and cancellation policies that promote trust, accountability, and confidence in the marketplace.

The Agency urged Lagos residents to inspect goods before purchase where possible, retain receipts and other proof of payment, and promptly report cases involving unfair trade practices, deceptive business conduct, defective products, or the denial of legitimate consumer rights.

LASCOPA reiterated its commitment to promoting a fair, safe, and competitive marketplace where both consumers and businesses can thrive, in line with the vision of the Lagos State Government to foster sustainable economic growth and strengthen consumer confidence.

Solebo reaffirmed the Agency’s dedication to enforcing all relevant laws and regulations that protect and promote consumer welfare across Lagos State.

He also urged consumers to join hands with the government in promoting safety, responsible business practices, and regulatory compliance for a safer and more consumer-friendly Lagos.

He urged residents to forward their complaints and enquiries to the Office of the General Manager, LASCOPA.

Saka hits treble as England win 10-goal France thriller

England overcame France in the ultimate game of two halves in the bronze final of the FIFA World Cup 2026. Bukayo Saka hit a hat-trick and Jude Bellingham finally put an end to a comeback Kylian Mbappe had heroically inspired at Miami Stadium.

England annihilated France in the first half. Declan Rice stylishly struck home the opener from outside the box and, after Saka had a goal ruled out for offside, Ezri Kosna made it two. Saka then bagged a quick-fire brace to send Thomas Tuchel’s team in 4-0 up at the break.

France’s biggest World Cup defeat – when they effectively operated with 10 men in a 5-2 to Brazil loss in 1958 – appeared under severe threat, but they came out swinging. Michael Olise’s pass enabled Kylian Mbappe to get them on the board, and the Real Madrid forward set up Bradley Barcola to further decrease the deficit. Mbappe then pulled Les Bleus within one, before Olise came narrowly close to rounding off a breathtaking team move and equalising.

The Three Lions were under extreme pressure, but Saka gave them breathing space from the spot after Malo Gusto had tripped Djed Spence. It appeared to finally extinguish the comeback, only for Ousmane Dembele to get France within one again.

England’s player of the tournament had the final say, though, Bellingham dribbling past multiple bodies to seal victory in one of the greatest matches the World Cup has ever seen.

It was England’s best finish at the global finals since they triumphed on home soil in 1966, and brought to an end Didier Deschamps’ successful reign as France coach.

Zeepay assures customers of responsible wind-down after licence revocation

Zeepay Ghana Limited has assured customers, agents and business partners that it is working with the Bank of Ghana (BoG) and other stakeholders to ensure an orderly and transparent wind-down of its mobile money operations following the revocation of its Dedicated Electronic Money Issuer (DEMI) licence.

The assurance comes a day after the Bank of Ghana withdrew the fintech company’s licence with immediate effect, citing repeated regulatory breaches, including failures to maintain adequate cash backing for electronic money issued, comply with directives to protect customer funds, and implement an earlier order to wind down its e-money business.

In a public statement, Zeepay acknowledged the regulator’s decision, saying it was committed to handling the process responsibly.

‘Zeepay Ghana Limited is working closely with the Regulator and all relevant stakeholders to ensure an orderly, transparent and responsible approach following the revocation of the Company’s Dedicated Electronic Money Issuer Licence,’ the company said.

The fintech firm also appealed for calm among its customers and partners, saying it understood the concerns the development may have created.

‘We recognise the concerns that this development may cause and sincerely appreciate the patience, understanding and continued cooperation of our customers, employees, agents, merchants, partners and the wider public during this period,’ the statement added.

Zeepay said it remains committed to acting responsibly throughout the transition while maintaining open communication with regulators and stakeholders.

The company also urged the public to rely only on verified information, noting that further updates would be released through its official communication channels as they become available.

The Bank of Ghana announced the licence revocation on July 14, saying the action was necessary to protect customers and preserve confidence in Ghana’s digital payments ecosystem.

According to the central bank, examinations revealed that Zeepay repeatedly breached key regulatory requirements by issuing electronic money without maintaining sufficient liquid assets to fully back customer balances. The regulator also said the company failed to comply with several directives aimed at restoring adequate funding and safeguarding customer, merchant and agent funds.

The BoG said the continued violations posed significant risks to consumers and the stability of the country’s payment system, prompting the decision to revoke the licence with immediate effect.

The development marks one of the strongest regulatory actions taken against a fintech company in Ghana’s rapidly growing digital financial services sector.

Zeepay has been one of Ghana’s prominent fintech operators, providing mobile money wallets, international remittance services and digital payment solutions to individuals and businesses. Its services have played a significant role in facilitating cross-border money transfers and expanding financial inclusion.

While the company has pledged a responsible wind-down, it has yet to provide detailed guidance on how customers will access or transfer funds held in affected mobile wallets.

The case underscores the increasing focus by African financial regulators on protecting customer funds and enforcing stricter compliance standards as digital financial services continue to expand across the continent.

The Bank of Ghana has advised affected customers to contact Zeepay through its official support channels for assistance while the transition process continues.

Sri Lankan delegation meets US Federal Maritime Commission chair

A high-level Sri Lankan delegation met with the Federal Maritime Commission (FMC) Chair Laura DiBella, during an official visit to Washington, D.C. in June.

The special meeting was arranged through the regional Indo-Pacific coordinator Dustin Bickel from the US Embassy Colombo, coinciding with the US Forum on Indian Ocean Ports and Supply Chains held in the USA.

The delegation included key officials such as Deputy Minister Janitha Ruwan Kodithuwakku, Special Envoy to the President Hanif Yusoof, SLPA Chairman Dr. Parakrama Dissanayake, and Shippers Academy CEO Rohan Masakorala. The group met with the FMC Chair and the FMC legal counsel, to discuss the Commission›s role in international ocean transportation. The delegation extended an official invitation to Chair DiBella to visit Sri Lanka to showcase the nation›s role as a key Indian Ocean logistics hub.

This meeting was part of a State Department-funded forum aimed at strengthening Indo-Pacific trade. Additionally, the delegation visited the Port of Baltimore to study automation and digital logistics to support the modernisation of the Port of Colombo.

The Opposition needs ideas, not just unity

There is renewed vigour within the country’s Opposition. Meetings are being held, alliances negotiated, and familiar calls for Opposition unity have once again become dominant in the political discourse. Yet, beneath the noise surrounding these coalition-building efforts lies an uncomfortable reality: that there is a striking absence of ideas. Beyond the singular objective of removing the current administration, the emerging Opposition has offered little vision of what it would do differently or how it intends to address the country’s long-standing structural challenges.

The principal force driving this newfound unity appears not to be ideological conviction, but political survival. The disparate parties and personalities, now attempting to come together, have little in common in terms of economic philosophy, governance, or social policy. Their common denominator is the existential fear of legal accountability.

One of the loudest advocates of Opposition unity is MP Dayasiri Jayasekara, who has repeatedly made this point, perhaps more candidly than he intended. On several occasions, he has argued that Opposition parties must unite, because many of their leaders face legal action, particularly over allegations of corruption. At a recent rally promoting Opposition unity, he went even further, suggesting that anyone who has held public office for over two decades is bound to have committed acts that could be construed as the misuse of public funds.

That statement goes to the heart of the political malaise. For decades, the country has tolerated the notion that a certain level of corruption, waste, and abuse of public resources is simply part of governance. Public office was too often viewed as carrying privileges that extended well beyond the responsibilities entrusted by the electorate. Misuse of State resources became normalised rather than condemned.

Examples abound. Former President Ranil Wickremesinghe’s detour to England to attend an event involving his wife, while returning from an official engagement in New York, was widely treated as routine rather than questioned as a matter of public accountability. Likewise, almost every President in recent memory, other than the incumbent, undertook highly publicised ‘pilgrimages’ to Tirupati in South India, accompanied by large State-funded entourages. Such expenditures were accepted as the ordinary perks of office rather than scrutinised as costs ultimately borne by taxpayers.

These incidents are not merely anecdotes. They reflect a broader political culture in which waste and misuse of public funds became so commonplace that many ceased to recognise them as problems.

It is precisely this culture that has contributed to Sri Lanka’s present circumstances. Years of fiscal indiscipline, patronage politics, and the casual treatment of public resources have eroded public trust and weakened State institutions. The electorate’s demand for change was never solely about replacing one Government with another, but replacing a political culture that regarded accountability as optional.

Whether one agrees with every policy of the current administration or not, it is difficult to deny that corruption and accountability have moved closer to the centre of public discourse. Legal action against powerful political figures, once almost unimaginable, has become a routine. That shift reflects a broader public expectation that those entrusted with public office should also be answerable for their conduct.

If the Opposition genuinely wishes to present itself as an alternative Government, it must offer more than solidarity among politicians facing legal jeopardy. It must articulate a coherent vision for economic recovery, institutional reform, public sector efficiency, education, healthcare, and constitutional governance. Most importantly, it must demonstrate that it has learned from the failures of the political culture that brought Sri Lanka to this point.

Cyprus condemns today the barbaric Turkish invasion and honors the fallen

Today marks 52 years since that Saturday morning of July 20, 1974, when Turkish forces, in defiance of international law, divided the island of Cyprus by force of arms and violence.

The people of Cyprus, who still experience the consequences of that tragic day, condemn today the crime and honor the fallen. Sirens sounded in all cities at 5:30 in the morning, when Turkey invaded Cyprus in 1974 in violation of the United Nations Charter.

Turkish invaders bombed, destroyed, looted, raped, vandalized churches and monasteries and forced 200,000 Greek Cypriots to abandon their ancestral homes. To date, 37% of the territory of the Republic of Cyprus is still under Turkish occupation.

In all towns in the government – controlled areas of Cyprus, remembrance and honor events are taking place for the fallen and church masses are being held for the determination of the fate of the missing persons of the Cyprus tragedy.

Political parties and citizens’ organizations have issued statements condemning the Turkish invasion and are organizing events of remembrance and honor for the fallen of the Cyprus tragedy.

On this day, 52 years ago, Turkish soldiers land on the coast of northern Cyprus in what they called a “peacekeeping operation” codenamed “Attila”.

Turkish transport planes transport military parachutists between 5.15 and 5.20 in the morning in the area of the Turkish enclave of Nicosia-Saint Hilarion. A large number of paratroopers land while Turkish infantry forces arrive on the beaches of Kyrenia. At 5.20 in the morning, the landing of Turkish forces begins at Pente Mili and soldiers advance towards Kyrenia.

With the slogan ‘Ayse can go on vacation’, Turkey spreads destruction on the island, while the “government” of the coup d’etat of Nikos Samson resigns due to the developments on July 23, 1974.

In the afternoon of July 20, in New York, the UN Security Council meets and approves Resolution 353, which calls for a ceasefire and the withdrawal of foreign troops from Cyprus, an end to all foreign military intervention, and the start of talks between the three Guarantor Powers of Cyprus to restore peace and a constitutional government on the island.

Meanwhile, the Council of Permanent Representatives of NATO member countries meets in Brussels, but does not take any substantive position.

In Geneva, feverish consultations began to reach a peaceful solution under the auspices of British Foreign Secretary John Callaghan. The Greek Cypriot side, represented by Glafkos Clerides, demanded for the first time since 1963 the implementation of the Zurich-London Treaties and the Cyprus Constitution.

Turkey refused and put forward its permanent demand for the geographical separation of the island. Turkish Foreign Minister Turan Gnes counter-proposed a plan according to which the Republic of Cyprus would be a bi-communal federal state of several cantons, in which Turkish Cypriots would control approximately 34% of the island.

Clerides requested a postponement of 36 or 48 hours, in order to consult the Council of Ministers. The Turks rejected his request and then, in a pre-planned move, after first withdrawing their delegation at 3:30 am on 14 August 1974, less than 1 1/2 hours later (4:35 am on the same day) they proceeded with the second invasion under the code name “Attila 2” with the occupation of Morphou, Famagusta and Karpasia.

The most tragic consequence of the Turkish invasion is the missing persons. Thousands of Greek Cypriots were arrested and detained in concentration camps in Cyprus while over 2,000 prisoners of war were illegally transferred and held in prisons in Turkey. The fate of a significant number of missing persons has not yet been ascertained to this day.

CBC bundles credit, insurance to ease car ownership costs

Chinabank is making car ownership more affordable with its AutoPlus Bundle Promo, offering free first-year comprehensive car insurance, low interest rates, and waived chattel mortgage fees until August 15.

The bundle slashes the steep upfront cash outlays that usually stall Filipino car buyers.

For example, a borrower purchasing a P1.25 million vehicle with a P1 million approved loan saves nearly P29,000 on first-year insurance alone, on top of thousands more from waived chattel fees and reduced interest rates.

Over a term of up to 60 months, these consolidated promotional perks translate to substantial long-term value, allowing a borrower to save up to P300,000 for a P1 million loan.

Meeting the needs of Filipino car buyers

The launch of this promotional campaign comes at a critical time for Filipino consumers, who are increasingly balancing a strong desire for personal mobility against the realities of inflation and elevated costs.

“Purchasing a new car is a major milestone, but the initial out-of-pocket fees can feel overwhelming,” said Chinabank Consumer Lending Group Head Antonio Jose Dominguez.

“With this promo, we took the heavy lifting out of the initial payment phase. These savings extend the magic of owning a new car for our clients.” According to the Chamber of Automotive Manufacturers of the Philippines Inc. and the Truck Manufacturers Association, vehicle sales fell 15.7% year-on-year in May 2026 as local buyers adjusted their household budgets.

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Despite these headwinds, consumer demand remains resilient, driving a 23.8% month-on-month sales recovery from April as families continue to value vehicle ownership.

Supporting sustainable travel

Data shows that purchasing preferences of local drivers are undergoing a major shift toward sustainable travel. Driven by a desire to lower long-term fuel expenses and reduce environmental impact, Filipino buyers pushed electric and hybrid vehicle sales up by 133.5% during the first five months of the year.

This consumer shift aligns with Chinabank’s strong support for green technology. By making eco-friendly models more accessible, the bank aims to help car buyers lower both their initial acquisition expenses and their long-term environmental footprint.

Terms and eligibility

To qualify, applicants must avail of a minimum AutoPlus Loan amount of P500,000-for the purchase or reimbursement of brand-new vehicles for personal use-bundled with a Chinabank Credit Card and comprehensive insurance through Chinabank Insurance Brokers.

The promo runs until August 15, with a final booking deadline of August 31.