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SLRC & SLBC will become a ‘public company’ over continuous losses

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Sri Lanka is planning to convert its state television and radio stations into a public company.

Minister of Mass Media Dr. Bandula Gunawardana said that Sri Lanka Rupavahini Corporation (SLRC) and the Sri Lanka Broadcasting Corporation (SLBC) will be converted into a public company.

The minister addressing the Ministerial Consultative Committee on Mass Media had noted that Sri Lanka Rupavahini Corporation and the Sri Lanka Broadcasting Corporation, which are continuously making losses, will be converted into a public company.

Presenting statistics from 2015, the Chair of the Committee Bandula Gunawardena pointed out how these two channels have made losses.

Accordingly, he had pointed out that the Sri Lanka Rupavahini Corporation has made a loss of 277 million rupees in the year 2023 and the Sri Lanka Broadcasting Corporation has made a loss of 457 million rupees in the year 2023.

Pointing out that it is difficult for the Treasury to provide funds for these channels, the Chair stated that there are plans to convert the Sri Lanka Rupavahini Corporation and the Sri Lanka Broadcasting Corporation into a public company.

Accordingly, the Committee Chair further commented that the Cabinet Ministers have decided to appoint a committee to take further action in this regard.

(newsfirst.lk)

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Forests on state lands to be designated as reserves

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The Ministry of Environment has decided to designate several forests located on state owned lands as official forest reserves.

Deputy Minister – Anton Jayakody has stated that such forests, each spanning 05 hectares or more, have been identified in every district.

Special priority will be given to designating forest reserves on mountain peaks.

In the first phase, 20 forests in districts including Monaragala and Ampara have been selected under the new program named ‘Vanaspathi’,  he said.

He further said the initiative aims to protect these forest areas and expand the country’s forest cover.

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No cases filed against 22 banned pyramid schemes – CBSL

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Although the Central Bank of Sri Lanka (CBSL) has banned 22 institutions operating illegal pyramid schemes, no legal action has been taken against any of them so far, according to reports.

This was disclosed during a workshop held at the CBSL yesterday (July 08) on the dangers of pyramid schemes.

According to CBSL officials, after initial investigations, the files were handed over to the Criminal Investigation Department (CID) for further inquiry.

The CID’s Financial Crimes Unit has reportedly completed its investigations and submitted findings to the Attorney General’s Department, which is responsible for filing cases.

However, it was noted that not a single case has been filed to date.

The CBSL states that investigations will be continued against companies engaged in these illegal practices and hopes at least one or two such cases would be filed by the end of this year or early next year (2026).

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NPP’s Nishantha Jayaweera sworn in as MP

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U. D. Nishantha Jayaweera was sworn in as a National People’s Power (NPP) National List Member of Parliament before the Speaker of the House – Dr. Jagath Wickramaratne, today (July 09).

He fills the Parliamentary seat left vacant following the resignation of Dr. Harshana Suriyapperuma last month.

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