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In 2014 TPG Group, a USA based private investment firm with over US$70 billion of assets, acquired 70 percent of the issued share capital of UBC through its subsidiary, Culture Financial Holdings. The deal was valued at US$117 million, and was at the time one of the largest foreign direct investments in Sri Lanka's financial sector. [8] [9]
The concept of registration of persons and issuing identity cards was the subject of an agreement made between India and Sri Lanka in 1954, The draft bill submitted to the Sri Lankan parliament in 1962 was passed as the Act of Registration of Persons No. 32 of 1968. With the aim of activating the provisions of this Act, the Department of ...
The districts of Sri Lanka are further divided into administrative sub-units known as divisional secretariats. They were originally based on the feudal counties, the korales and ratas. Divisional secretariats are the third-level administrative divisions of the country and there are currently [as of?] 331 divisional secretariats in Sri Lanka. [1]
However, under the 19th amendment of the Constitution of Sri Lanka. An individual who holds citizenship in both Sri Lanka and another country can obtain a Sri Lankan passport. An individual who holds citizenship in both Sri Lanka and another country can obtain a Sri Lankan passport by submitting the following documents. Completed Application Form
The Jathika Hela Urumaya, Tamil Progressive Alliance, and Sri Lanka Muslim Congress agreed to join the new alliance on 12 February 2020. [ 23 ] In December 2023, the SJB announced that they would form an alliance in 2024 with other political parties, including the Freedom People's Congress , a breakaway party of the ruling Sri Lanka Podujana ...
The Colombo Municipal Council is the municipal governing body of Colombo, the largest city and financial centre in Sri Lanka.It consists of a directly elected executive Mayor of Colombo, and elected 119 municipal councilors.
University Grants Commission is the body responsible for funding most of the State Universities in Sri Lanka, and operates within the frame work of the Universities Act No. 16 of 1978. A public organisation, established under the Parliament Act No 16 of 1978.
There are 41 Urban councils in Sri Lanka, which are the legislative bodies that preside over the second tier municipalities in the country. [1] [2] Introduced in 1987 through the 13th Amendment to the Constitution of Sri Lanka, Urban councils became a devolved subject under the Provincial Councils in the Local Government system of Sri Lanka. [3]