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Court suspends divestiture process of SLT & Lanka Hospitals

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The Court of Appeal yesterday (27) issued an interim order preventing authorities from proceeding with the divestiture process of Sri Lanka Telecom and Lanka Hospitals Corporation PLC, until March 12.

Three Petitions were filed for Sri Lanka Telecom PLC including by Lyca Mobiles, and S.M.R. M company, while two petitions were filed for Lanka Hospitals Corporation PLC including by Lyca Leasing Holdings.

Upon the oral submissions made by President’s Counsel Kuvera De Zoysa, Court of Appeal Justice D.N. Samarakoon issued notices on respondents, returnable for March 12.

The petitioners named Minister of Finance Ranil Wickremesinghe, State Minister of Finance Shehan Semasinghe, the members of the special Cabinet-appointed negotiating committee for the purpose of selecting pre-qualified bidders for the strategic divestiture pertaining to 51.34% shares of Lanka Hospitals PLC and several others as respondents.

Kuvera De Zoysa, PC with Raslka Dissanayake, Sajana de Zoysa, Dinusha Pathirana and Shablr Huzalr instructed by Sanath Wijewardane appeared for the petitioners.

The petitioners had informed the court that they had submitted bids per the required criteria for the divestiture of the Sri Lankan Government’s shares of 50.23% in Sri Lanka Telecom PLC and 51.34% in Lanka Hospitals Corporation PLC.

The petitioners alleged that, however, the Cabinet of Ministers had rejected the bids without providing any clear explanations, adding that the decision was against the law.

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World Bank group President to visit SL tomorrow

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World Bank group President – Ajay Banga will visit Sri Lanka tomorrow (May 07).

It is the first visit by the head of the multilateral lender in 20 years, following an invitation extended by President Anura Kumara Disanayake last year.

“The visit comes at a critical moment, as Sri Lanka continues its path toward economic recovery and seeks to build a more resilient, inclusive, and private sector-led future,” the World Bank says.

Banga will meet President Dissanayake, Prime Minister Harini Amarasuriya, and senior government and private sector leaders.

“These discussions will center on how Sri Lanka can overcome current challenges and seize new opportunities as it continues to recover economically and socially,” the World Bank added.

The World Bank Group currently maintains a portfolio of projects in Sri Lanka valued at $2.2 billion, encompassing both public and private sector investments. While recent reports have acknowledged Sri Lanka’s progress, the Bank continues to emphasize the need for poverty reduction and reform continuity to ensure sustained recovery.

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President casts his vote after returning from Vietnam

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President Anura Kumara Disanayake cast his vote this afternoon (May 06) at the Abesingharama Saikoji Preschool in Panchikawatta, Maradana, for the  Local Government Election 2025.

Speaking to the media after casting his vote, President Disanayake stated that following his victory in the presidential election, the people now expect a continuation of the peaceful and democratic freedoms that have been established in the country, including during all upcoming elections.

The President also noted that under the National People’s Power (NPP) government, the country has experienced a peaceful election campaign, which he believes should be integrated into Sri Lanka’s political culture.

President Disanayake voted after returning to the island this afternoon via a special aircraft of the Vietnamese government, concluding his successful three-day official visit to Vietnam, at the invitation of the President of the Socialist Republic of Vietnam, Mr. Luong Cuong.

During the visit, President Disanayake held official bilateral talks with President Cuong and engaged in wide-ranging discussions with senior leaders of Vietnam on matters of mutual interest, covering bilateral, regional, and international issues.

The President also met with Mr. To Lam, General Secretary of the Communist Party of Vietnam. The two sides emphasized the enduring friendship between the two nations, built over 55 years on strong political trust, close people-to-people ties, and a spirit of goodwill and cooperation. Both parties expressed their shared commitment to strengthening this partnership further in the years ahead, particularly in the context of national development.

During his stay, President Disanayake paid tribute at the War Heroes Monument and laid flowers at the tomb of Ho Chi Minh — Vietnam’s independence leader and first president.

He also held a series of discussions with major Vietnamese business groups, including Vingroup, Sun Group, FPT Corporation, SOVICO Group, and ROX Group, exploring opportunities for enhanced economic collaboration.

In addition, the President ceremonially opened the new Bodhi precinct at the Bai Dinh Temple, one of the largest Buddhist temples in Southeast Asia.

President Disanayake was the chief guest at the United Nations Day of Vesak celebrations and delivered the keynote address, reaffirming the long-standing Buddhist ties between Sri Lanka and Vietnam.

Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath, also accompanied the President during this visit.

(President’s Media Division)

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Man arrested after calling 119 to complain of poor quality moonshine

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A man from Milidduwa, Galle, was arrested after calling the 119 emergency hotline to complain that illicit liquor (moonshine) he had purchased was of poor quality and possibly adulterated.

After recording his statement, the suspect was released on police bail, with a court date scheduled for his appearance.

Following a complaint from the Police Emergency Unit, officers from Galle Police had visited the scene and arrested the man and seized the illicit liquor.

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