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PM crushes Lyca deal during cabinet meeting

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The Cabinet has rejected a decision to lease Channel Eye owned by Sri Lanka Rupavahini Corporation (SLRC), to the Lyca Group.

The relevant decision had been taken by current Chairman of the SLRC – Dr. Prasad Samasinghe.

Although both parties had entered into an agreement in late July for the handover, no prior permission had been taken from either the SLRC Director Board or the Ministry of Mass Communication.

In this backdrop, Mass Media Minister Bandhula Gunawardena had tabled a special cabinet paper before the cabinet of ministers this morning (Aug. 14), to secure covering approval for the agreement, which had been strongly rejected, reports say.It is also said that this measure, which had been carried out without any transparency, had been severely criticized by several members of the cabinet including Prime Minister Dinesh Gunawardena.

The board of directors including the former chairman had proposed to lease the loss ridden ‘Channel Eye’ to a private investor. Accordingly, a public notice request for EOIs for the selection of a Broadcast partner was published on February 03.

With a 17 February closing date, two leading communication institutions forwarded bids.

However, the newly appointed SLRC Chairman had recently taken measures to lease the channel to Lyca Group even without informing the two bidding companies.

It is said that he had already obtained a Rs. 75 million advance payment which he had used to pay off half of the overdue electricity payment of the SLRC.

The public notice published on Feb 03 is as follows : 

(Source : theleader.lk)

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Three injured in Kosgama shooting, including 12-year-old girl

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Three people, including a 12-year-old girl, were injured in a shooting incident at Suduwella, Kosgama, early this morning (6), police said.

They said the victims were travelling in a three-wheeler when two individuals on a motorcycle opened fire using a pistol-type weapon.

The injured include a 30-year-old woman and her 12-year-old daughter, both residents of Avissawella, as well as a 44-year-old man.

All three have been admitted to Avissawella Hospital for treatment.

Police said the motive for the attack and the identities of the suspects have not yet been established.

Kosgama Police are conducting further investigations into the incident.

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Four Sri Lankans arrested at BIA with 378 bottles of liquor

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Four Sri Lankan passengers were arrested by Customs officers at the Bandaranaike International Airport (BIA) this morning while attempting to smuggle in a large consignment of whiskey and cardamom valued at approximately Rs. 15 million.

The suspects, residents of Colombo and Hatton had arrived in the country on IndiGo flight 6E-1183 from Bangalore, India, which landed at 1:00 a.m.

Customs officials uncovered the contraband during baggage checks, finding 378 bottles of whiskey and 132 kilograms of cardamom concealed in 20 pieces of luggage. The items were reportedly purchased from a duty-free shopping complex at a foreign airport.

The four individuals have been detained, and further investigations are being carried out by the Airport Customs Division.

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Treasury sounds alarm over vehicle import boom’s dollar drain

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The Treasury has warned the Central Bank that the enthusiasm shown in the import of vehicles after the ban was lifted could have a negative impact on foreign reserves and urged that precautionary measures be taken.

A senior Treasury official said that in the five months after the restrictions on the import of vehicles were lifted, Letters of Credit to the value of US$ 742 million have been opened, against the proposed target of allowing up to US$ 1 billion.

Accordingly, the Treasury has advised the Central Bank that as the opening of the LCs and imports has been at a rate faster than anticipated, it should closely study the trend of imports and take remedial measures in advance.

The Treasury has pointed out that the outflow of US dollars could have a serious impact on the foreign currency reserves and also on the exchange rates. As a result, there could be an impact on imports of essentials, including fuel.

The longstanding vehicle import ban was lifted in February this year, and so far more than 18,000 vehicles have been brought into the country, while import levies have earned a tax revenue of Rs 220 billion, Customs Spokesman Seevali Arukgoda told the Sunday Times.

The revenue from vehicle imports has made a significant contribution to the taxes in the form of customs levies amounting to Rs one trillion so far for the year. The Customs revenue target for this year is Rs 2.1 trillion.

(sundaytimes.lk)

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

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