The Ceylon Electricity Board (CEB) is considering a 25 to 35 percent electricity tariff increase, with the International Monetary Fund (IMF) urging Sri Lanka to implement revised rates.  

CEB sources confirmed that the proposed hikes align with a pricing formula agreed upon by the CEB and the Public Utilities Commission of Sri Lanka (PUCSL). 

The new rates will require PUCSL approval before implementation.  

Amid ongoing discussions, CEB Chairman Tilak Siyambalapitiya has resigned, reportedly due to political and regulatory interference in setting cost-reflective tariffs. Earlier this year, the PUCSL approved a 20 percent tariff reduction against the CEB’s advice, leading to renewed financial losses.  

A senior CEB official revealed that after January’s reduction, losses began rising again. 

In 2023 and 2024, tariff hikes had helped the CEB post profits of Rs. 61 billion and Rs. 141 billion, respectively, reducing accumulated losses from Rs. 473 billion to Rs. 271 billion. However, losses have climbed since February.  

The IMF had set two key conditions: cost-reflective pricing and an automatic 10 percent hike if monthly cash flow falls below Rs. 15 billion. 

The official noted that without January’s reduction, a 5 percent increase would have been needed in Q2.  

The IMF has warned Sri Lanka twice in recent weeks for breaching cost-recovery benchmarks, raising fiscal risks. 

A scheduled April tariff revision was skipped, with authorities offering unclear explanations.  

The proposed hike aims to stabilize CEB’s finances while meeting IMF demands for sustainable energy pricing.

Four names have been proposed to President Anura Kumara Dissanayake to fill two vacancies in the Court of Appeal (CA).

Chief Justice Murdu Fernando has proposed the names of High Court Judges Frank Gunawardena, Adithya Kumara Patabendi and Nawaratne Marasinghe on two occasions. Attorney General Parinda Ranasinghe, meanwhile, has proposed the name of Deputy Solicitor General Riyaz Bary.

The President is due to send two of the four names to the Constitutional Council for approval.

Two further vacancies are due to occur in the CA next month with the retirement of CA President Nissanka Bandula Karunaratne and Acting CA President Mohammed Laffar upon reaching 63 years of age. Justice Karunaratne is currently on pre-retirement leave and is due to retire on June 16, while Justice Laffar is set to retire on June 18.

The Judicial Service Commission has also recruited 50 judicial officers to fill existing vacancies in the magistrate courts. Forty-six of the newly recruited judicial officers will be appointed as magistrates, while the remaining four will be appointed as
presidents of labour
tribunals.

Meanwhile, four vacancies exist for the Additional Solicitor General positions at the Attorney General’s Department. Senior Deputy Solicitor Generals Hiranjan Peiris, Azad Nawawi, Lakmali Karunanayake and Sudarshana De Silva are expected to be appointed to fill these vacancies.

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

The State Vesak Festival for the Buddhist Year 2569 commenced today (10) at the International Buddhist Centre Temple in Nuwara Eliya, under the patronage of the Most Venerable Maha Nayaka Theros of the Three Nikayas and with the participation of President Anura Kumara Disanayake. 

This year’s State Vesak Festival is held under the theme “Bhajetha Miththe Kalyane–Bhajetha Purisuththame”  (Associate with noble friends of virtue) and will be conducted from May 10 to 16, cantered around the Nuwara Eliya District.

Organized in line with the guidance of the Most Venerable Mahanayaka Theros and the directives of the All Island Shasanarakshaka Mandalaya, the festival is  coordinated by the by the Presidential Secretariat, the Prime Minister’s Office, the Ministry of Buddhasasana, Religious and Cultural Affairs, the Department of Buddhist Affairs, the Central Provincial Council and the District Secretariat of Nuwara Eliya.

In conjunction with the declaration of the ‘Vesak Week’ from May 10 to 16, a series of Buddhist religious programmes have been organized in accordance with government policy to promote the spiritual development of the people. Additionally, on-going development work at several temples in the Nuwara Eliya District will be completed during this period with the support of the tri-forces.

Further, a number of special programmes are being implemented under the “Clean Sri Lanka” initiative to foster spiritual growth and Buddhist awareness among the public in parallel with the State Vesak Festival.

Hosting this year’s State Vesak Festival in the multi-religious and multi-cultural Nuwara Eliya District is of special significance. It aims to foster Buddhist enlightenment across the country and further strengthen ties with Buddhist nations around the world.

To mark the occasion of 2569th State Vesak Festival, a commemorative stamp was issued, with the first stamp being officially presented to the President.

The event also included the presentation of ‘Sri Sannas Patra’ (official declarations) designating the historic Maliyadeva Purana Raja Maha Viharaya in Kotmale and the Sri Vishnu Devalaya in Kurunegala as sites of religious worship, both formally handed over by the President. 

The event was graced by prominent members of the Maha Sangha, including Chief Registrar of the Malwathu Chapter of the Siam Maha Nikaya and Chief Incumbent of the Somawathi Raja Maha Viharaya Most Venerable Dr. Pahamune Sri Sumangala Nayaka Thero, Anunayake of the Asgiri Chapter of the Siam Maha Nikaya Anamaduwe Most Venerable Sri Dammadassi Nayaka Thero together with the Maha Sangha representing the three Nikayas, The Chairman of the All Island Shasanarakshaka Mandalaya, Most Venerable Professor Thubulle Seelakkhanda Nayaka Thera, the Chief Registrar of Samastha Lanka Shasanarakshaka Balamandala, Venerable Muganuwala Anuruddha Nayaka Thera, along with the Maha Sangha of the Samastha Lanka Shasanarakshaka Balamandalaya.  

Also in attendance were multi-religious clergy, Speaker of Parliament Jagath Wickramaratne, Minister of Buddhasasana, Religious, and Cultural Affairs Dr. Hiniduma Sunil Senevi, other Ministers and MPs, Secretary to the President Dr. Nandika Sanath Kumanayake, senior government officials, foreign Ambassadors, High Commissioners, and a distinguished gathering of local and international guests.

(President’s Media Division)