King Sasanka – Sri Lankan Writer & Retired Aviation Professional.

Investigation Report: NDB Operational Fraud Incident Date: April 6, 2026 Subject: Analysis of LKR 13.2 billion Internal Fraud & Institutional Stability   1. Liquidity Analysis: Does the bank have the cash? The Claim: NDB claims they have enough liquidity to withstand the hit. The Data: * Total Assets: NDB’s total asset base is approximately LKR 990 billion . The LKR 13.2 billion loss represents roughly 1.3% of their total assets. While a significant sum, it is not "existential."   Liquidity Coverage Ratio (LCR): At the end of 2025, NDB reported an LCR of 257.3% (Rupee) and 208.5% (All Currency)—well above the regulatory minimum of 100%. Capital Adequacy (CAR): Even after absorbing this loss, NDB remains above the regulatory minimums for Common Equity Tier 1 (7%) and Total CAR (12.5%). The Verdict: YES. The bank is technically solvent and liquid. The loss is being absorbed by internal reserves and capital , not by dip...

The protests staged this morning in front of a major ride-share headquarters in Colombo raise a fundamental question that goes beyond the headlines: Where does corporate responsibility end and personal financial accountability begin?   As a publicly traded company on the Colombo Stock Exchange, this entity operates under a microscope of transparency and regulatory standards. Yet, the narrative being pushed by protesters, centered on low pay and high deductions, often ignores the underlying economic mechanics of the "gig economy."   The "Herd Mentality" Trap   Many drivers and riders claim they cannot meet their financial obligations. However, reading between the lines, the issue often isn't the company’s commission, it’s the mortgage. Following the herd, many individuals purchased high-end vehicles beyond their means, lured by the promise of "big money" without doing the necessary homework.   When a person makes a private financial decision t...

Our biweekly shopping routine is usually dictated by three factors: the availability of fresh morning produce, competitive pricing compared to wet markets, and a personal stake, as we are part-owners of this listed company. However, a recent experience highlighted significant gaps in service and system integrity that every shopper should note. 1. Pricing Errors and Staff Attitude Yesterday, I ordered local red rice (unpolished). While the weight was correct, the price was not. I was overcharged by Rs. 40 per kilo . When I pointed out the discrepancy, there was no apology—only a curt, annoyed acknowledgment before the salesperson relabeled the item. The Lesson: Always double-check the price-per-kilo on your labels before heading to the checkout. 2. Operational Inefficiency On multiple occasions, I’ve noticed that scales run out of label stickers during peak morning hours. This causes a 4-to-5-minute delay while rolls are replaced. In a fast-paced retail environment, time is m...

OPEN LETTER: A Call for Efficiency and Market Liberalization in Vehicle Plate Issuance To: The Commissioner General of Motor Traffic   Subject: Addressing the Chronic Delay in Official Number Plate Issuance To the Department of Motor Traffic, The current state of our roads reveals a glaring administrative failure: a significant percentage of newly registered vehicles are forced to operate using temporary or non-standard plates. While vehicle owners fulfill their legal and financial obligations immediately upon purchase, the state continues to fail in its reciprocal duty to provide the necessary identification plates in a reasonable timeframe. In an era of rapid digital transformation, it is unacceptable that a simple metal plate requires weeks or months of processing. This is not a matter of "Quantum Physics"; it is a matter of basic supply chain management. The Case for Market Liberalization   If the current centralized system is unable to meet the demand, th...

The fuel QR code and weekly quota system are currently in operation. Some users find it difficult to manage the week within their allocation, while others find the quota exceeds their requirements. Unfortunately, any remaining balance cannot be carried forward to the following week or collected in containers, a restriction largely based on safety and security concerns. I believe the application should include a feature allowing users to transfer their weekly allocation to another registered member. This could be done either as a bona fide gesture or through a marketplace where the recipient pays a surcharge (e.g., 5%) above the pump price. Alternatively, a bidding system could be implemented where the highest bidder secures the remaining quota. If the existing state-run application cannot support these features, a private platform could facilitate these trades, allowing high-demand users to refuel legally without hindrance. 1. Executive Summary The current National Fuel P...