Nawaloka in danger: Business moguls line up to buy hospital

Published

2 years ago

October 20, 2023

editor

The Nawaloka Hospital is in danger of collapsing due to obtaining loans amounting to nearly 2.3 billion rupees from five local banks in Sri Lanka, it is learnt.

Accordingly, the hospital has to pay Rs.335 million as its monthly loan installment.

The hospital has obtained loans from the Hatton National Bank, People’s Bank, Bank of Ceylon, DFCC Bank and the Commercial Bank.

If the hospital collapses without being able to pay debts, experts in the health sector said that it will have a negative impact on the health sector.

The Nawaloka Hospital has a large treatment capacity of about 800 beds and there is no other private hospital with such a large capacity.

Health sector sources said that the Asiri Hospital can treat only 650 in-house patients.

However, the Hatton National Bank had issued notices for the auction of the land in Colombo 02 where the Nawaloka Hospital is located.

The Dharmadasa family headed by Jayantha Dharmadasa owns the majority of shares in Nawaloka Hospital.

The list of its shareholders and directors is given below.

Meanwhile, sources in the business sector said that the only way out of the current debt situation is for the hospital to sell more shares.

Meanwhile, it was reported that prominent businessmen Harry Jayawardena, Ishara Nanayakkara, Dhammika Perera and Ashok Pathirage had shown interest in buying more shares of the hospital.

Sources said that these businessmen own a large amount of shares in several banks from which the Nawaloka Hospital has taken loans and this will place the hospital at a great risk in the future.

CoI on Deshabandu concludes examining evidence by both parties

Published

45 minutes ago

July 2, 2025

editor

The examination of evidence by both the Respondent and the Prosecution before the Committee of Inquiry concluded.

The Committee recommends that both parties submit their written submissions to the Committee of Inquiry before 3:30 p.m. on the 8th of July.

Examining evidence before the Committee of Inquiry to inquire and report its findings on IGP T.M.W. Deshabandu Tennakoon in respect of acts of gross abuse of power, concluded yesterday (July 01), with the presentation of evidence by both the Respondent, representing Inspector General of Police Deshabandu Tennakoon and the Prosecution.

The Committee of Inquiry, chaired by Supreme Court Judge P.P. Surasena and comprising Justice W.M.N.P. Iddawala and E.W.M. Lalith Ekanayake, Chairman, National Police Commission, convened today, during which, testimonies were obtained from two additional witnesses by the Prosecution.

These two witnesses had been overseas on official duty. Thus, in accordance with the prior agreement between the two parties, reached to obtain the evidence post June 26, held before the Committee of Inquiry with the participation of Additional Solicitor General (President’s Counsel) Dileepa Peiris and

Deputy Solicitor General Rajitha Perera, representing the Attorney General’s Department, and R.S. Weerawickrama Attorney-at-Law, appearing on behalf of the Inspector General of Police, it was decided to record the statements of these two witnesses today.Furthermore, both the Prosecution in representation of the Attorney General’s Department and the Respondent Inspector General of Police agreed to submit their respective written submissions to the Committee of Inquiry before 3:30 p.m. on July 08, 2025.

News

Govt to present 2026 Appropriation Bill in October

Published

4 hours ago

July 2, 2025

editor

Cabinet approval has been granted to a proposal presented by President Anura Kumara Dissanayake in his capacity as Minister of Finance , Planning and Economic Development to present the Appropriation Bill for the year 2026 to Parliament in October 2025.

Approval has also been granted to present the Budget speech in November 2025 and to hold the third reading and budget debate during November and December.