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Mountain of debt at Fisheries Ministry

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Several affiliated institutions under the Fisheries Ministry have accumulated a total of Rs. 2.38 billion as legally bound payments and liabilities to various institutions and are currently facing a debt crisis, Ministry sources said.

It is reported that a severe crisis has arisen in those institutions due to the huge amount of debt that exists at the moment.

This staggering debt is owed by affiliated institutions of the Ministry such as the National Aquaculture Development Authority (NAQDA), National Aquatic Resources Research and Development Agency (NARA), Ceylon Fisheries Corporation, Ceylon Fishery Harbours Corporation, Cey-Nor Foundation Limited, North Sea Limited and the Peliyagoda Central Fish Market Complex.

The debts should be paid to commercial banks, the Finance Ministry, and several other institutions as of October 31, 2024, according to a Ministry report. According to the report, NAQDA’s outstanding credit as of October 31, last year was Rs. 106.54 million and the amount of legal payments and liabilities including tender deposits, money given for welfare to be settled to the Finance Ministry and withholding money to be paid is Rs. 28.79 million.

The balance of scheduled payments including EPF and ETF to be paid by Ceylon Fishery Harbours Corporation is Rs 53.36 million.

According to this report, the largest number of legal payments and liabilities is under the Ceylon Fisheries Corporation. The arrears due under the EPF and ETF is Rs.668.7 million.

The Employee Gratuity payable is Rs.25 million. The loan amount obtained from commercial banks is Rs. 158 million. There is also a bank overdraft of Rs. 64 million. The total legal dues and liabilities of the Corporation is close to Rs. 1,530 million.

The Cey-Nor Foundation Limited has accumulated debt to the amount of Rs. 73.72 million and the total amount of liabilities of North Sea Limited is Rs. 114.19 million, including the loan amount of Rs. 152.05 million received from commercial banks and the amount of legal payments is Rs. 525.37 million.

Also the Peliyagoda fish market has taken a loan of Rs. 56.34 million from a commercial bank.

Commenting on this matter, Fisheries, Aquatic and Marine Resources Deputy Minister Rathna Gamage pointed out that the previous governments has left a mountain of debt at the Fisheries Ministry.

The Deputy Minister emphasised that the Fisheries Ministry owes a huge amount of debt to a number of institutions and that the debt handed over by the previous governments is like a garbage dump.

The Deputy Minister said that this mountain of debt will be cleared with a proper plan.

(dailynews.lk)

(This story, originally published by News1st has not been edited by SLM staff)

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Over 29,000 electricity breakdowns reported across SL

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The Ceylon Electricity Board (CEB) has said that over 29,015 electricity breakdowns have been reported across the country due to the prevailing adverse weather conditions. 

CEB teams are actively engaged in attending to these breakdowns despite challenges posed by limited staffing and resources, the statement said.

The CEB requests the public to report any outages or safety concerns via the CEBCare mobile app or by calling the ‘1987’ hotline, so that their teams can prioritize and respond swiftly.

1,757 affected

Meanwhile, the Disaster Management Center (DMC) reports that a total of 1,757 individuals from 485 families have been affected by the adverse weather conditions.

‘Red’ warning for strong winds and rough seas 

The Department of Meteorology has issued a ‘Red’ warning for strong winds and rough seas for the sea areas off the coast extending from Chilaw to Kankesanthurai via Puttalam and Mannar, and from Galle to Pottuvil via Hambanthota.

Due to the effect of the active southwest monsoon condition, the sea areas off the coast extending from Chilaw to Kankesanthurai via Puttalam and Mannar and from Galle to Pottuvil via Hambantota will be very rough at times with very strong wind gusts up to 60-70 kmph, it said. 

Naval and fishing communities are advised not to venture into the above sea areas until further notice. 

Wind speed may increase up to 50-60 kmph at times in the sea areas off the coast extending from Chilaw to Galle via Colombo and from Kankasanthurai to Trincomalee via Mullaittivu. 

The naval and fishing communities engaged in fishing and naval activities in these sea areas are requested to be vigilant in this regard. 

The advisory further states that the wave height may increase about 3.0 meters in the sea areas off the coast extending from Mannar to Pottuvil via Puttalam, Colombo, Galle and Hambantota. 

It further said there is a possibility of surges due to swell waves over the coastal areas extending from Mannar to Pottuvil via Puttalam, Colombo, Galle and Hambantota. 

Naval and fishing communities are also requested to be attentive to future forecasts issued by the Department of Meteorology in this regard.

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ADNOC representatives meet with SL delegation

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A discussion between representatives of the Abu Dhabi National Oil Company (ADNOC) and a Sri Lankan delegation led by Minister of Energy Kumara Jayakody, Minister of Labour and Deputy Minister of Economic Development Anil Jayantha Fernando, was held today (30) at the Presidential Secretariat.

The meeting focused on identifying supply and investment prospects in the petroleum industry between the two nations and initiating groundwork for potential joint projects.

Discussions also covered the possibility of swiftly forming a long-term agreement to supply crude oil to Sri Lanka at a reasonable price, improving the country’s oil refining capacity and strengthening Sri Lanka’s position in the regional petroleum market.  

Also in attendance were H.E. Khaled Nasser Al Ameri, the Ambassador of the United Arab Emirates to Sri Lanka, along with Abdulla Al Qubaisi, Senior Vice President – Crude and Condensate at ADNOC, and other senior executives from the company.

(President’s Media Division)

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Thusitha Halloluwa remanded

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Former Executive Director of the National Lotteries Board (NLB) – Thusitha Halloluwa, has been remanded until June 02 by the Fort Chief Magistrate’s Court.

The remand order is in connection with an ongoing case being heard before the court concerning the alleged criminal misappropriation of government assets belonging to the National Lotteries Board (NLB).

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