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Circular issued on 2024 bonus payments for state sector employees

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The Ministry of Finance, Planning & Economic Development has issued a circular concerning the payment of bonuses to employees of State Corporations, Statutory Boards, and State-Owned Enterprises for the year 2024.

The circular, which was issued yesterday (Dec. 23) by Secretary to the Treasury Mahinda Siriwardena, has been directed to all Ministry Secretaries and Chairpersons of the related institutions.

The circular outlines the proposed bonus payments for this year and specifies that employees of institutions which have paid at least 30% of their profits after tax to the Consolidated Fund in 2023 as dividends or levies will receive bonuses of either Rs. 25,000 or Rs. 20,000.

Additionally, the Treasury Secretary has provided instructions on the procedures for the payment of these bonuses. 

It is also noted that the Treasury will not provide specific funding for the bonus payments.
The circular further states that, in case of any issues related to the payment of bonuses, special Cabinet approval must be obtained before proceeding with the payments.

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Forests on state lands to be designated as reserves

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The Ministry of Environment has decided to designate several forests located on state owned lands as official forest reserves.

Deputy Minister – Anton Jayakody has stated that such forests, each spanning 05 hectares or more, have been identified in every district.

Special priority will be given to designating forest reserves on mountain peaks.

In the first phase, 20 forests in districts including Monaragala and Ampara have been selected under the new program named ‘Vanaspathi’,  he said.

He further said the initiative aims to protect these forest areas and expand the country’s forest cover.

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No cases filed against 22 banned pyramid schemes – CBSL

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Although the Central Bank of Sri Lanka (CBSL) has banned 22 institutions operating illegal pyramid schemes, no legal action has been taken against any of them so far, according to reports.

This was disclosed during a workshop held at the CBSL yesterday (July 08) on the dangers of pyramid schemes.

According to CBSL officials, after initial investigations, the files were handed over to the Criminal Investigation Department (CID) for further inquiry.

The CID’s Financial Crimes Unit has reportedly completed its investigations and submitted findings to the Attorney General’s Department, which is responsible for filing cases.

However, it was noted that not a single case has been filed to date.

The CBSL states that investigations will be continued against companies engaged in these illegal practices and hopes at least one or two such cases would be filed by the end of this year or early next year (2026).

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NPP’s Nishantha Jayaweera sworn in as MP

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U. D. Nishantha Jayaweera was sworn in as a National People’s Power (NPP) National List Member of Parliament before the Speaker of the House – Dr. Jagath Wickramaratne, today (July 09).

He fills the Parliamentary seat left vacant following the resignation of Dr. Harshana Suriyapperuma last month.

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