Connect with us

News

Lanka Sathosa suffers Rs.600mn in 2022

Published

on

The loss of Lanka Sathosa in 2022 is close to Rs.600 million and the total loss by December 31, 2021 is close to Rs.15 billion, it was disclosed during a Committee on Public Enterprises (COPE) meeting.

It was discussed at the meeting held on June 22 under the chairmanship of MP Ranjith Bandara that Lanka Sathosa has suffered a colossal loss of 6 billion rupees due to the importation of rice through the institution during 2014-2015,

The imported rice has been sold for animal feed due to expiry.

A report has been prepared by the Auditor General regarding this incident and thus it was decided at the Committee to discuss this matter in the future.

Although there are 21 internal auditor staff of Sathosa, only three audit queries have been submitted for the year 2021 and none for the year 2022.

Moreover, attention was drawn to the auditor’s difficulty in obtaining information regarding the company’s accounts.

Accordingly, the Auditor General also informed that the Internal Audit Department should be notified in this regard through an internal circular.

It was revealed that there are 1,123 employee vacancies in the institution and the Auditor General pointed out the need for a re-evaluation before filling these employee vacancies.

Attention was drawn towards the fact that a concrete plan for 2021-24 was in place but it was not approved by the Ministry.

Accordingly, the Committee Chair informed the officials to prepare a comprehensive plan up until 2028 and report on its activities within 2 months followed by an action plan.

It was discussed in the Committee that instead of importing and selling goods, Lanka Sathosa has missed the opportunity to sell goods at a lower price to the customer and gain more profit for the company by buying and selling goods from the Pettah.

It was also decided to re-summon Lanka Sathosa on August 22.

News

CC approves 02 new appointments to Court of Appeal

Published

on

By

The Constitutional Council (CC) has approved the appointment of two High Court judges as Justices of the Court of Appeal.

It is reported that the Constitutional Council, chaired by Speaker Dr. Jagath Wickramaratne, met recently and approved the nominations submitted by President Anura Kumara Dissanayake on the recommendation of Chief Justice Murdu Fernando.

Accordingly, approval has been granted for the appointment of Colombo High Court Judge Aditya Patabendige and High Court Judge (Civil Appeals) Frank Gunawardena as Justices of the Court of Appeal.

However, it is reported that the proposal to appoint Acting President of the Court of Appeal, Justice Mohammed Thahir Laffar, as a Supreme Court Justice was not considered by the Constitutional Council.

It is stated that the government withdrew the nomination concerning him, as there is currently no vacant seat on the Supreme Court bench.

Meanwhile, on March 11, three newly appointed Court of Appeal Justices were formally sworn in before President Anura Kumara Dissanayake at the Presidential Secretariat.

(adaderana.lk)

(Except for the headline, this story, originally published by adaderana.lk has not been edited by SLM staff)

Continue Reading

News

03 companies of Daya Gamage to be auctioned

Published

on

By

The Colombo Commercial High Court has ordered to publicly auction three companies said to be belonging to former MP Daya Gamage.

According to the Registrar and Deputy Fiscal of the Colombo Commercial High Court, the auction will be held on July 02 at 10am.

The decision to auction these 03 companies was made to recover a sum of Rs. 104,229,342 owed to a leasing company, People’s Leasing & Finance PLC.

As the respondents have paid approximately Rs. 4,080,000 out of the Rs. 108,309,342 to the leasing company, the auction will proceed in accordance with the judgment issued on Nov. 10, 2022, to recover the remaining amount.

The companies scheduled to be auctioned are Daya Group of Ltd., Daya Apparel Exporter (Pvt) Ltd., and Olympus Construction (Pvt) Ltd.

(Source : Deshaya)

Continue Reading

News

President AKD returns to SL

Published

on

By

President Anura Kumara Disanayaka has returned to Sri Lanka today (June 15) after a successful visit to the Federal Republic of Germany from June 11 -13.

A statement issued in this regard by the Sri Lankan Ministry of Foreign Affairs, Foreign Employment and Tourism further notes :

President Disanayaka undertook the visit at the invitation of the President of Germany, Frank- Walter Steinmeier, who welcomed him at the Bellevue Palace in Berlin on 11 June 2025, with a ceremonial Guard of Honour accorded by the German Armed Forces.

During the bilateral talks, the two heads of state focused on further strengthening the cordial bilateral relationship and utilizing emerging economic opportunities in areas such as vocational training and the tourism industry. President Disanayaka also briefed the German President on the recent developments in Sri Lanka, including the economic stabilization and reconciliation efforts undertaken and envisaged future action.

During the visit, the German Foreign Minister Dr. Johann Wadephul and German Federal Minister for Economic Cooperation and Development Ms. Reem Alabali-Radovan called on President Disanayake. The discussions with the German Foreign Minister Dr. Wadephul focused on increasing the growing bilateral exchanges between the two countries, economic stabilization efforts, enhancing German investment, the GSP plus trade facility with the European Union, and strengthening cooperation in the multilateral arena.

During the meeting with Minister Alabali-Radovan, President Disanayaka appreciated the development assistance from the German government, which had benefitted the country for more than 65 years, with recent examples being the German-Sri Lanka Friendship Maternity Hospital in Galle and the German Technical Training Institute in Kilinochchi. Discussions also focused on future projects, especially expanding vocational education and training opportunities.

During the visit, the State Secretary of the German Federal Ministry for Economic Affairs and Energy, Dr. Thomas Steffen called on Sri Lanka’s Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath and discussed Sri Lanka’s recent economic progress, improved political stability, and the government’s ongoing efforts to create a more investor- friendly environment.

The visit primarily focused on strengthening economic cooperation between the two countries, including considerable opportunities in emerging areas. Addressing a business forum organized by the Sri Lanka Embassy in Berlin, the German Chamber of Commerce and Industry (DIHK) and the German Asia-Pacific Business Association (OAV) and held at the headquarters of the DIHK, President Disanayake reiterated that Sri Lanka will create a conductive and transparent investment climate and invited the business community to make use of opportunities presented by Sri Lanka’s development potential and strategic location.

At a meeting with key tourism industry associations in Germany focused on outbound tourism, President Disanayake explained the plans of the government to protect the sustainable nature of the tourism industry of Sri Lanka and to address constraints such as human resource development to ensure the continued growth of the vital industry. The President also addressed aspects related to investment in the tourism industry.

The President was accompanied to the meetings by the Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath; Sri Lanka’s Ambassador to Germany Varuni Muthukumarana; Director General for Europe and North America at the Ministry of Foreign Affairs, Foreign Employment and Tourism Sugeeshwara Gunaratna; Chairman of the Board of Investment Arjuna Herath; and other Senior Government officials.

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved