News

What will happen to SLT’s most precious fiber optic cables?

Published

2 years ago

March 27, 2023

editor

Among the physical assets owned by Sri Lanka Telecom (SLT) to be sold, it is reported that the most valuable asset is the cable system consisting of five underground cables (submarine fiber optic cable system) that provides communication facilities from Sri Lanka to foreign countries.

Meanwhile, it was reported that both Malaysia and India are trying to buy the SLT.

However, it is said that if SLT were to sell the 49.5% shares owned by the government, Malaysia’s Global Telecom Holding (GTH), which owns 44.98% of the SLT, should first be invited.

According to the SLT Privatization Agreement, shares of GTH owned by Malaysian Tamil Buddhist Ananda Krishnan of Sri Lankan origin and the Sri Lankan Government are prohibited from being sold to third parties.

The government can sell its 49.5% stake to a third party only if the Malaysian company refuses to buy the shares.

Lalitha Hewagamage, a social media activist, in a post on his Facebook page said that Malaysia’s Dialog Axiata already owns more than 82.74% of Dialog’s shares. If GTH owns SLT, Malaysia will be the lead telecommunications owner in Sri Lanka.

He said that this is a beautiful acquisition compared to the South Indian, Portuguese, Dutch and English conquests.

He also said that the minions of President Ranil Wickremesinghe are trying to violate the agreement and transfer the shares owned by the government to a third buyer like Lycamobile or Reliance.

Mr. Hewagamage warned that if the agreement is violated, the country will have to pay compensation to GTH in an international court in the future.

He said the amount of compensation could be more than the amount obtained by selling the shares owned by the government.

Who is behind the idea?

Economic experts pointed out that developed countries with large economies have achieved their economic growth by moving to the world of e-commerce.

Accordingly, it is important for the government to have a stake in the country’s communication system to develop a country.

Meanwhile, security analysts pointed out that India is already working carefully to acquire the printing of national identity cards and its database, and its second step is to take over the national communication network.

Indian wolves vying for SLT

It has been confirmed that Reliance company owned by the Mittals family, as well as Jio company owned by Mukesh Ambani and Lycamobile owned by Subaskaran Aliraja are interested in buying SLT.

Reliance also owns Airtel in Sri Lanka.

Rohan is the most unsuccessful chairman…

Meanwhile, SLT trade unions said that current Chairman Rohan Fernando is the most unsuccessful chairman in SLT history.

Though the Chairman has told the media how SLT has become profitable, they said he is now silent about selling such a profitable company.

What Nanda Malini said about selling country’s resources:

News

Xi to visit Russia for Victory Day and talks with Putin

Published

3 hours ago

May 4, 2025

editor

Chinese President Xi Jinping will make an official visit to Russia from May 7-10 to participate in celebrations of the 80th anniversary of the defeat of Nazi Germany, the Kremlin said on Sunday.

In a statement on Telegram, the Kremlin said that Xi will discuss with Russian President Vladimir Putin the development of the two countries’ strategic partnership, as well as signing a number of documents.

“During the talks, the main issues of further development of relations of comprehensive partnership and strategic interaction, as well as current issues on the international and regional agenda will be discussed,” the Kremlin said.

The Soviet Union lost 27 million people in World War Two but pushed Nazi forces back to Berlin, where Hitler committed suicide and the red Soviet Victory Banner was raised over the Reichstag in 1945.

Several other national leaders are expected at the celebrations, including the presidents of Brazil and Serbia, and the prime minister of Slovakia.

Putin has proposed a three day ceasefire with Ukraine around the May 9 celebration, one of the most important in the Russian calendar.

Responding to Moscow’s offer of the three-day ceasefire, Ukrainian President Volodymyr Zelenskiy said he was ready as long as the ceasefire would be 30 days in length, something Putin had already ruled out in the near term, saying he wants a long-term settlement not a brief pause.

Zelenskiy said Ukraine, given the continued war with Russia, could not guarantee the safety of any foreign dignitaries who came to Moscow for the traditional May 9 victory parade.

Zelenskiy has in recent weeks upped criticism of China, which he has said is providing weapons and gunpowder to Russia.

Russian state news agency RIA cited Putin, in a documentary film marking 25 years since his first inauguration as Russian president aired on Sunday, as saying that Russia’s relations with China were: “truly strategic in nature, deep-seated”.

(Reuters)

News

Notorious gangster ‘Loku Pattie’ extradited to Sri Lanka

Published

12 hours ago

May 4, 2025

editor

The main suspect in the killing of ‘Club Wasantha’ in Athurugiriya, notorious underworld criminal figure Sujeewa Ruwankumara De Silva alias ‘Loku Pattie’ has been brought back to Sri Lanka from Belarus.

It was reported in August last year that ‘Loku Pattie’, who is implicated in multiple cases, was arrested in Belarus.

Accordingly, the Criminal Investigation Department (CID) had taken steps to bring him back to Sri Lanka.

He was brought back in a plane belonging to a private airline from Dubai this morning.

‘Loku Pattie’ is the main suspect of the shooting and killing of ‘Club Wasantha’ at a tattoo shop in Athurugiriya on 08 July 2024, and is suspected to have orchestrated and funded the assassination.

News

President of Sri Lanka begins state visit to Vietnam

Published

13 hours ago

May 4, 2025

editor

President of Sri Lanka Anura Kumara Dissanayaka arrived in Hanoi on May 4 morning, beginning a state visit to Vietnam and participation in the 20th United Nations Day of Vesak Celebrations (Vesak 2025) from May 4 to 6 at the invitation of his Vietnamese counterpart Luong Cuong.

Officials welcoming the Sri Lankan President and delegation at Noi Bai International Airport included Deputy Minister of Foreign Affairs Nguyen Manh Cuong, Deputy Minister of Ethnic and Religious Affairs Nong Thi Ha, Vietnamese Ambassador to Sri Lanka Trinh Thi Tam, and Sri Lankan Ambassador to Vietnam Perera Wewala Appuhamillage Udam Poshitha.

Establishing diplomatic ties on July 21, 1970, the two countries boast traditional friendship and multifaceted cooperation. Political parties in Sri Lanka attach importance to relations with Vietnam and regards the latter as a model of economic development. Sri Lanka has recognised Vietnam’s full market economy status.

Talking to the Vietnam News Agency on the threshold of the visit, Vietnamese Ambassador to Sri Lanka Trinh Thi Tam stated that the trip is the first to Vietnam by a Sri Lankan head of state in 16 years, since 2009. It is also the first visit to the Southeast Asian nation by President Anura Kumara Dissanayaka since he took office in September 2024.

From Vietnam’s perspective, the visit reaffirms the respect for Sri Lanka as a traditional friend and important partner in South Asia, Tam explained, stressing as the two countries are celebrating the 55th anniversary of their diplomatic ties, this is a good chance for them to reflect on the partnership and establish new directions for the relations in the new situation.

The trip will feature various activities, covering the pillars of politics, economy and culture, with the highlight being high-level talks and meetings as well as the signing of important cooperation documents.

The ambassador expressed her belief that the visit will mark the start of a new phase of bilateral cooperation that is more intensive and extensive, benefiting both countries and contributing to peace, cooperation, development, and prosperity in the region and the world.

Source: VNA