Connect with us

News

COPE lauds Kalubovitiyana Tea Factory Ltd.

Published

on

The Kalubovitiyana Tea Factory Limited was summoned to the Committee on Public Enterprises (COPE) which met on 08.09.2023 Chaired by Prof. Ranjith Bandara, Member of Parliament. The COPE Chair congratulated the institution on the progress it has made.

The Auditor General’s 2021, 2022 reports and current performance of that institution were examined at this Committee meeting held. A group of officials including Mr. Janaka Dharmakirthi, Secretary to the Ministry of Plantation Industry, Mr. Aminda Rodrigo, Chairman of The Kalubovitiyana Tea Factory Limited, were also present at this Committee.

Addressing the Committee, the Chairman of Kalubovitiyana Tea Factory Limited stated that in 2022, the highest income of the company was Rs. 2 billion and a profit of Rs. 214 million following the payment of tax was also recorded. He pointed out that there are 4 tea factories in Matara, Galle and Kandy districts and they have successfully overcome many challenges including obtaining tea leaves. The Chairman of the company also stated that the company has shown success by adhering to the existing rules of the government as a public institution.

Although the company is small, the Auditor General said that this state-owned company has shown great progress in terms of accounts and financial statements. He appreciated the institution and mentioned that it has been a long time since he met such a progressive institution. The Auditor General pointed out that the recommendations given by COPE in 2013 have been followed to an extent of ninety-five percent and great progress has been achieved through high management skills. Here, attention was paid only to two audit questions.

Attention was directed on recovering the amount of 1.4 million rupees which is the deposit amount paid when acquiring the building where the head office was maintained by the company on a monthly rental basis. According to the said, the officials stated that a case is being filed.

In 2003, even though the loan amount given to a state company at the interest rate of twenty two percent was recovered, the interest was not charged. The officials also said that the institution has assured that it will pay the interest amount of 51 million rupees in installment basis.

Members of Parliament Nimal Lanza, Upul Mahendra Rajapaksha, Sanjeeva Edirimanna, and M. Rameshwaran were present at this Committee meeting held.

News

GCE O/L results out within 10 days

Published

on

By

Examination Commissioner General Amith Jayasundara said yesterday (23) the results of the GCE Ordinary Level Exam 2023 (2024) will be released within the next 10 days.

He stated that efforts will be made to release the exam results within this week and if it is not possible, the results will be definitely released within ten days.

(dailynews.lk)

(This story, originally published by dailynews.lk has not been edited by SLM staff)

Continue Reading

News

Non-academic staff of schools to take TU action

Published

on

By

The non-academic staff of government schools have announced a decision to engage in a Trade Union action by reporting sick today (June 24) and tomorrow (25).

According to the Education Non-Academic Employees’ Union, the TU action is being carried out in the North Central, and North Western provinces and Kandy District today (24) .

General Secretary of the association Ajith K. Thilakarathne stated that the trade union action is being carried out based on several demands including a national policy for non-academic staff in the education sector.

Meanwhile, the National Organizer of the Principal Service Union – Sisira Rajapakse has announced that a nationwide strike has been planned for June 26.

Continue Reading

News

New State Minister sworn in

Published

on

By

MP Sathasivam Viyalendiran was sworn in as the State Minister of Trade and Environment before President Ranil Wickremesinghe at the Presidential Secretariat a short while ago, the President’s Media Division (PMD) said.

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved