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No approval for power cuts until Feb. 17 – PUCSL

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The Public Utilities Commission of Sri Lanka (PUCSL) has said that it will not approve any scheduled power cuts until February 17 in order to protect the rights of over 331,000 students sitting for the 2022 G.C.E. Advanced Level examination.

Accordingly, PUCSL Chairman Janaka Ratnayake stated that any such power cuts imposed during this period will be considered unauthorized and illegal.

Earlier today (01 Feb.), the Ceylon Electricity Board (CEB) had requested the PUCSL permission to impose power cuts for 2 hours and 20 minutes today and tomorrow (02 Feb.) after the Water Management Secretariat has restricted the release of water from reservoirs for hydro power generation since the expected rainfall was not experienced.

PUCSL files Writ application
Meanwhile, the PUCSL has filed a writ application with the Court of Appeal against the CEB, seeking a court order preventing the power interruptions imposed during the GCE A/L examination.

In addition, the Ceylon Teachers’ Union has also filed a petition with the Supreme Court over the same matter, naming the CEB chairman, the secretary to the Power & Energy Ministry, the Ceylon Petroleum Corporation (CPC) chairman, the Human Rights Commission (HRCSL) and several others as its respondents.

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Special Unit at BIA to inform passengers of SriLankan flight delays

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Minister of Aviation Vijitha Herath has directed the Airport and Aviation Chairman and relevant officials to establish a Special Unit representing officials of the Bandaranaike International Airport (BIA) and SriLankan Airlines at the BIA premises, to coordinate and communicate flight delays.

This Special Unit at the BIA is to address domestic and foreign complaints regarding SriLankan Airline flight delays.

Minister Vijitha Herath made an observation tour of the BIA on Sunday (10) morning to investigate complaints about SriLankan Airline flight delays.

The Special Unit, which will operate 24/7, will provide passengers with instant updates on any flight delays and will further provide maximum facilities to all passengers at the BIA during flight delays.

Minister Vijitha Herath further instructed all relevant officials to work towards minimising any flight delays. Minister Vijitha Herath also instructed the authorities to provide reasonable solutions to problems in all aspects within the BIA premises.

(DailyNews)

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

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Govt. prioritizes relief for SMEs in SL

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A special meeting was held today (Nov. 11) at the Presidential Secretariat to address relief measures for Small and Medium Enterprises (SMEs) facing financial challenges.

The meeting was led by the Senior Additional Secretary to the President for Finance and Economic Affairs, Mr. G. N. R. D. Aponsu, and included officials from the Ministry of Finance, the Central Bank of Sri Lanka, and Sri Lanka Banks’ Association (Guarantee) Limited.

The discussions focused on the financial difficulties encountered by SMEs due to loan obligations.

Currently, debt recovery processes under the Parate law have been temporarily suspended for SMEs, with this suspension set to expire on December 15. The meeting considered potential steps that could be taken before the expiration date to further support struggling SMEs.

Attendees examined ways for the banking sector to provide additional support to SMEs and boost productivity in the economy. During the discussions, it was also decided to compile a comprehensive report on the loans taken by SMEs from banks. This report will serve as a basis for designing future relief measures.

Additionally, the Central Bank of Sri Lanka and various commercial banks are evaluating the steps needed for the temporary suspension of debt recovery under the Parate law for SME loans.

The discussion was attended by several key officials, including Mrs. R. R. S. De Silva Jayathilake, Director of Bank Supervision at the Central Bank of Sri Lanka, and Mr. A. M. A. D. Amarakoon, Senior Assistant Director at the Central Bank of Sri Lanka. Also present were representatives from the Sri Lanka Banks’ Association (Guarantee) Limited: Mr. Indrajith Boyagoda, Secretary General; Mr. Dilshan Rodrigo, Chief Executive Officer of Union Bank; Mr. Manoj Akmeemana, Senior Deputy General Manager of Sampath Bank; Mr. Sampath Perera, Deputy General Manager of Bank of Ceylon; Mr. Nalin Samaranayake, Assistant General Manager of Commercial Bank; Mr. Nirosh Perera, Chief Recovery and Rehabilitation Officer of Hatton National Bank; and Mr. Bingumal Thewarathanthri, Chief Executive Officer of Standard Chartered Bank.

(President’s Media Division)

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CSE to close early on Nov. 14 for Gen. election

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The Colombo Stock Exchange has stated their decision to close the market early in view of the Parliamentary Election. 

Therefore, trading hours will be from 9:30 a.m. to 12:30 p.m. on Thursday (Nov. 14).

Regular trading hours will resume on Monday, 18th November 2024.

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