Celestial Residencies, one of the premier iconic properties of the collapsed Ceylinco group and the Sri Lanka Exhibition and Convention Centre (SLECC), both recently acquired by the government under expropriation laws, will be revived soon under the directions of Competent Authority Attorney-at-Law Kalinga Indratissa, a 5-member Ministerial Sub Committee and a 6-member Officials' Committee.

A legal dispute has emerged over a Central Bank (CB) regulation where directors of banks cannot serve for more than nine years and/or have to quit when they reach 70 years, under which many directors have to quit by the end of this year.