Political and Social News
Public Enterprise Restructuring Policy to be implemented
The Cabinet of Ministers approved the proposal presented by the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies to proceed with the restructuring of public enterprises based on the policy Proposal which has been drawn up by the Public Enterprises Restructuring Unit.
Sydney bound gemstone theft busted at Katunayake air port
Two suspects have been arrested by the Katunayake Bandaranaike International Airport (BIA) Police for stealing 14 gemstones from the high-speed mail bags brought to the airport by the Colombo Central Mail Exchange to be sent on a flight scheduled to travel from BIA to Sydney, Australia.
Norochcholai unit to be shut down for maintenance
But Minister assures no power cuts
Minister of Power and Energy Kanchana Wijesekara says the Norochcholai Power Plant’s Unit 3 will be shut down for 100 days, from 13 June, for scheduled maintenance.
IMF says addressing corruption key aspect of its programme for SL
CPC, CEB need to recover costs until end of Fund’s loan package
The Ceylon Petroleum Corporation (CPC) and Ceylon Electricity Board (CEB) had to recover costs until the end of the IMF programme, Sarwat Jahan, IMF Resident Representative in Sri Lanka, told a press conference in Colombo yesterday.
Australia gifts KA350 King Air aircraft for SL’s aerial maritime surveillance
The Australian Government has announced that it will gift a former Royal Australian Air Force Beechcraft KA350 King Air aircraft (registration A32-673) to the Sri Lankan Government. The aircraft will be used to enhance Sri Lanka’s sovereign aerial maritime surveillance capability.
CEB reforms: Colossal debt to be transferred to new treasury-held entity
A new law to reform the power sector envisages wiping the Ceylon Electricity Board’s (CEB) colossal debt off its balance sheet and transferring it to a “special purpose vehicle” (SPV) which will be held by the Treasury, authoritative sources said.
Dhaka and Colombo keen to boost maritime cooperation
Dhaka, May 12 -- Bangladesh and Sri Lanka are discussing ways to strengthen ties in the maritime sector, said State Minister for Shipping Khalid Mahmud Chowdhury on Friday.
Sri Lanka new Electricity Act enters at final stage of drafting
The new Electricity Act, which will unbundle the Ceylon Electricity Board under restructuring process and begin the reforms, is at the final stage of drafting.
SL Airlines has initiated campaign to promote Buddhist Pilgrimage
Sri Lankan Airlines has launched a awareness campaign to promote Buddhist Overseas Pilgrimage tackling all bottles necks in consultation .compromise and consensus, Dimuthu Tennakoon, Head of Worldwide Sales & Distribution disclosed. .
Sri Lanka passport issuance suspended
The Immigration and Emigration Department Controller General I.S.H.J. Ilukpitiya announced yesterday a temporary suspension of the acceptance of passport applications, in a move to introduce a new system to issue passports.