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Several non-profit state entities face likely closure

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A Cabinet-appointed committee that looked into reforming state-owned non-commercial institutions has recommended a string of restructuring measures, including winding up some state institutions, ending state intervention with several other institutions and amalgamation of some.

The liquidation of 12 non-commercial state entities coming under six ministries has been recommended by the committee along with the winding up of the Sri Lanka Mahaweli Authority and the Cashew Corporation. Others for which liquidation is recommended include the Galle Heritage Foundation, the National Ocean Affairs Committee Secretariat and the Information and Communication Technology Agency.

The committee has also recommended that the three state-owned media institutions, namely the Sri Lanka Broadcasting Corporation, the Rupavahini Corporation and the Independent Television Network, be placed under a single management so as to improve efficiency and make them commercially viable.

The committee said these media institutions needed significant investment for their survival, and hence its recommendation for single management.

Other institutes recommended for amalgamation are the Sri Lanka Tea Board and the Tea Small Holdings Development Authority, as well as the Coconut Cultivation Board, Coconut Development Authority and the Palmyra Development Board.

The committee headed by the Prime Minister’s Secretary, Pradeep Saputantri, was appointed in December last year to review all non-commercial state statutory institutions in the country, with a view to strengthening public service delivery and addressing inherent inefficiencies. It assessed 160 institutions coming under 24 ministries.

Prime Minister Harini Amarasuriya submitted the committee report to Cabinet on Monday, and approval was given to implement its proposals.

The committee found that some state institutions were running efficiently and should be managed in the same manner while recommending private-public partnerships to run others. The report said that the Sri Lanka Film Corporation, for example, could be run efficiently if it partnered with a private partner so that its dependency on the Treasury could be minimised.

The committee also recommended the amalgamation of the Office of the Commissioner General of Rehabilitation, the National Authority on Tobacco and Alcohol and the National Dangerous Drugs Control Board.

With regard to the Sir John Kotalawala Hospital, the committee said that the institution does not make any profits and has become a burden to the treasury and, therefore, recommends that a committee be appointed to study how it can be turned into a financially viable institution.

On the Sri Lanka Press Council, the committee recommends that it be continued with a change in name to Sri Lake Media Council to widen its reach.

The committee also noted that large extents of land that belong to different state institutions are lying idle and recommended that steps be taken to manage these in a manner for the benefit of the public.

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

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Govt. instructs to facilitate Bora Conference

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Secretary to the President Dr Nandika Sanath Kumanayake has instructed relevant officials to provide the maximum support necessary to successfully hold the Global Bora Community’s Spiritual Assembly and Convention scheduled to take place in Sri Lanka.

The Secretary to the President issued these instructions during discussions held today (12) at the Presidential Secretariat regarding the Global Bora Conference and Convention.

The Bora Conference and Convention will be held from 27 June to 05 July, coinciding with the Bora Community’s Spiritual Assembly, centred on the Bambalapitiya Bora Mosque and the Sri Lanka Exhibition and Convention Centre, with the participation of the community’s Spiritual Leader His Holiness Dr Syedna Mufaddal Saifuddin Sahib.

Approximately fifteen thousand members of the Bora Community from India and numerous other countries are expected to arrive in Sri Lanka for this Convention and Conference. Extensive discussions were held regarding the provision of all infrastructure facilities, including airport arrangements, for them.

A group of the Bora Community’s religious leaders, along with officials including the Secretary to the Foreign Ministry, Aruni Ranaraja and Senior Additional Secretary to the President Roshan Gamage, participated in this occasion.

(President’s Media Division)

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CBSL advises banks to further assist affected SMEs

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The Central Bank of Sri Lanka (CBSL), with a view to facilitating sustainable revival of businesses that were adversely affected during the recent past has advised the licensed commercial banks and licensed specialised banks (hereinafter referred to as licensed banks) to provide further concessions to those SME borrowers who commenced discussions for business revival with the respective banks by 31.03.2025. 

These relief measures are in line with Circular No. 04 of 2024 dated 19.12.2024 on Relief Measures to Assist the affected SMEs and the Addendum Circular No. 01 of 2025 dated 01.01.2025.

Accordingly, licensed banks have been advised to provide further concessions including interest reliefs and new lending to affected borrowers while the timeline given to the licensed banks in Circular No. 04 of 2024 to enter into reschedulement agreements with eligible SME borrowers has been extended from 15.06.2025 to 30.06.2025.

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Student killed & 16 Injured after tree branch falls on school building

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A tragic incident occurred in the Balangoda area this afternoon (June 12), where 

A large tree branch had fallen on a school building in Balangoda today (June 12) afternoon, resulting in the death of a student and causing injuries to 16 others.

According to Balangoda Police, the deceased was a 17-year-old student. 

The injured have been hospitalised for treatment.

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