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Lanka Sathosa suffers Rs.600mn in 2022

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The loss of Lanka Sathosa in 2022 is close to Rs.600 million and the total loss by December 31, 2021 is close to Rs.15 billion, it was disclosed during a Committee on Public Enterprises (COPE) meeting.

It was discussed at the meeting held on June 22 under the chairmanship of MP Ranjith Bandara that Lanka Sathosa has suffered a colossal loss of 6 billion rupees due to the importation of rice through the institution during 2014-2015,

The imported rice has been sold for animal feed due to expiry.

A report has been prepared by the Auditor General regarding this incident and thus it was decided at the Committee to discuss this matter in the future.

Although there are 21 internal auditor staff of Sathosa, only three audit queries have been submitted for the year 2021 and none for the year 2022.

Moreover, attention was drawn to the auditor’s difficulty in obtaining information regarding the company’s accounts.

Accordingly, the Auditor General also informed that the Internal Audit Department should be notified in this regard through an internal circular.

It was revealed that there are 1,123 employee vacancies in the institution and the Auditor General pointed out the need for a re-evaluation before filling these employee vacancies.

Attention was drawn towards the fact that a concrete plan for 2021-24 was in place but it was not approved by the Ministry.

Accordingly, the Committee Chair informed the officials to prepare a comprehensive plan up until 2028 and report on its activities within 2 months followed by an action plan.

It was discussed in the Committee that instead of importing and selling goods, Lanka Sathosa has missed the opportunity to sell goods at a lower price to the customer and gain more profit for the company by buying and selling goods from the Pettah.

It was also decided to re-summon Lanka Sathosa on August 22.

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Sri Lanka to Host ICC Annual General Meeting, July 19-22

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In a statement, SLC mentioned that the mega cricket conference will bring together over 220 delegates from 108 ICC member countries from across the world, covering regions such as Africa, the Americas, Asia, East Asia Pacific, and Europe.

The pinnacle gathering of cricket administrators and stakeholders from around the globe, the ICC Annual Conference provides the platform for discussions on the strategic direction of the sport, governance, and the development of cricket worldwide, it added.

This year’s conference, themed “Capitalizing on the Olympic Opportunity,’ will discuss topics such as ‘Diversity and Inclusion,’ ‘environmental sustainability and the sport,’ and ‘Cricket’s triumphant return at LA28.

“This is a significant occasion for Sri Lanka, and we wish to warmly welcome the delegates from around the world to our beautiful island. We intend to use this conference to contribute to the future of cricket and showcase the beauty and heritage of our country to the world,” said Mr. Shammi Silva, President, Sri Lanka Cricket.

The annual conference will consist of a series of key meetings, workshops, and networking sessions, and key decisions will be taken for the benefit of the future of the game.

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Mervin Backs Wijeyadasa for President

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Former Sri Lankan Minister Mervin Silva is backing Minister (Dr) Wijeyadasa Rajapakshe and President’s Counsel Maithri Gunaratne, as potential candidates for President.

“This country needs a leader who can take it forward,” Silva asserted.

As election campaigns intensify, he highlighted the tendency of politicians to make extravagant promises. 

Drawing from his experience serving under Mahinda Rajapaksa, Silva recalled the distribution of various items, including material and undergarments, during campaigns. Despite these efforts, Mahinda Rajapaksa lost the election.

Similarly, Silva pointed out that Sajith Premadasa’s massive rallies at Galle Face Green did not secure victory. 

“We need a leader,” Silva emphasized, *”who can uphold law and order, enforce laws effectively, and collaborate with experts.”

In his opinion, Minister of Justice Wijeyadasa Rajapakshe stands out as the best candidate for the presidency. Silva also mentioned ongoing discussions with President’s Counsel Maithri Gunaratne.

“Deceitful politicians,” Silva concluded, “must be held accountable and sent home.”

newsfirst.lk

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

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Electricity tariffs reduced

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The Public Utilities Commission of Sri Lanka (PUCSL) has approved a reduction of electricity tariffs by 22.5 per cent overall, PUCSL chairman Prof. Manjula Fernando said today (July 15).

The tariff revision, which will be effective from midnight today, is as follows :

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