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SOEs Restructuring Unit to make recommendations on SriLankan Airlines

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The State-owned Enterprises Restructuring Unit, established under the Ministry of Finance, Economic Stabilization & National Policies, will be assigned to study the methodology of restructuring the national carrier SriLankan Airlines and make recommendations to the Cabinet of Ministers, the government says.

At its meeting held on Monday (Oct. 31), the Cabinet of Ministers decided to handover the responsibility of studying the methodology of restructuring SriLankan Airlines and making recommendations to the said unit.

The decision was reached after taking into consideration the resolutions furnished by the Minister of Port, Shipping & Aviation.

The government stated that it has recognized the need to restructure SriLankan Airlines and its subsidiary companies by handing over a considerable amount of shares and the management of the entity of SriLankan Airlines to investors selected through a transparent procurement process.

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Laugfs gas prices also to remain unchanged

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Laugfs Gas PLC announced that the company will not revise domestic LP gas prices for the month of November 2024.

Accordingly, the current prices of Laugfs domestic LP gas cylinders are as follows :
12.5 kg cylinder – Rs. 3,680
05 kg cylinder – Rs. 1,477

Earlier today (Nov. 04)  Litro Gas also said that domestic LP gas prices will remain unchanged for this month.

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Litro gas prices for November remain unchanged

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The Litro Gas Company has stated that prices of their domestic LP Gas cylinders will remain unchanged for the month of November 2024.

The Chairman of the Litro Gas Company, Channa Gunawardena stated that the company decided to keep the prices of LP gas cylinders unchanged despite the price hike in the global market, in order to provide relief to the consumers.

Accordingly, the prices of Litro LP gas domestic gas cylinders will remain unchanged as follows:

12.5kg – Rs. 3,690
05kg – Rs. 1,482
2.3kg – Rs. 694

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Dr. Mothilal de Silva appointed new chairman of SLT

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Dr. Mothilal de Silva has been appointed as an Independent, non-Executive Director and Chairman of the Board of Sri Lanka Telecom PLC with effect from today (Nov. 04).

With a career spanning over many decades, Dr Mothilal de Silva is a result oriented multidisciplinary C-level executive in the telecommunication industry having experience in Sri Lanka and multiple countries in Asia and Pacific regions. He is a turnaround specialist and a strategist.

Under his leadership as Group Chief Executive Officer, he turned around the Fiji’s state-owned telecommunication company Telecom Fiji Ltd sustainably after 5+ consecutive loss-making years. During his tenure at Telecom Fiji, the company registered consistent growth in profit, dividend and investment for network modernisation. He was also the Group Chief Strategy Officer and Group Chief Corporate Officer of Dialog Axiata, General Manager (Sales, Marketing and Customer Service) of MTN Networks Pvt Ltd and Vice President Process Excellence and Group Operations of Axiata Group Malaysia. He sat on the Board of Directors of Lanka Communication Services Pvt Ltd, a telecommunication service provider for enterprises in Sri Lanka.

As a C-level executive at Dialog, Mothilal set up Corporate Planning, Strategy, MIS, Business Intelligence, Performance Management, Quality, Process Reengineering, Enterprise Program Management and Corporate Development divisions from scratch while apprenticing young set of managers who had progressed to become leaders in Dialog and Axiata Group subsidiary companies. He was also instrumental in winning GSMA awards, International Asia Pacific Quality Award, Asia CSR award for Dialog Axiata and many national awards.

Mothilal obtained Doctor of Business Administration from PPA Business School, Paris, with a distinction for his dissertation “Corporate Venture Capital as an engagement model for co-creating 5G ready services”. He has a MSc in IT from Keele University UK, MBA from PIM, SL, BSc (Engineering) SL, Post Graduate Diploma in Strategic Management from Maastricht School of Management, Netherland and a Post Graduate Diploma in Marketing Management from PIM SL.

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