News

House committee warns against privatisation of SLT, citing national security reasons

Published

3 years ago

2023/06/10

The Parliamentary Oversight Committee on National Security has strongly advised the Wickremesinghe-Rajapaksa government against privatising Sri Lanka Telecom (SLT).The 11-member committee, in a report, titled ‘the effects of privatisation of SLT on national security’, which was tabled in Parliament yesterday (09), warned of far reaching consequences of privatisation.

Chairman of the Committee, one-time Deputy Chief of Staff of Navy, Rear Admiral Sarath Weerasekera told The Island that the government should be mindful of the dangers emanating from the much-touted privatisation programme. “Privatisation is certainly not the panacea for all our problems,” the former Public Security Minister said, asserting that the vital telecommunications sector, in private hands, could pose quite a threat to national security.

Field Marshal Sarath Fonseka (SJB) is also a member of the Committee, set up in terms of Standing Orders No 111. Its other members are Chamal Rajapaksa, Chandima Weerakkody, (Prof.) Channa Jayasumana, Charles Nirmalanathan, Sampath Athukorala, U.K.Sumith Udukumbura, (Dr.) Major Pradeep Undugoda, Major Sudarshana Denipitiya and Nimal Piyathissa.

The UNP, which has only one National List member, is not represented in the committee. Lawmaker Weerasekera said that the loss of SLT to ‘outsiders’ could jeopardize national security and expose the country to unprecedented threats.

President Ranil Wickremesinghe has declared both in and outside Parliament the need to privatise the SLT among other public enterprises.The report warned of the grave risk of the LTTE remnants, Tamil Diaspora and others, who backed the separatist agenda here, investing in the SLT.

Declaring that anyone who has backed the LTTE, even remotely, is a terrorist, MP Weerasekera said that such persons/institutions/ groups/organisations should not be allowed to buy any shares. The SLN veteran emphasized the responsibility on the part of the government to take bold decisions. Could we have the national telecommunications provider to the State in the hands of hostile elements, MP Weerasekera asked.

The then CBK administration partially privatised the SLT in 1994. Nippon Telegraph & Telephone Corporation of Japan secured 35% of the SLT but those shares were bought by a Netherlands-based company, called Global Telecommunications Holdings wholly owned subsidiary of Malaysian Usaha Tegas Sdn Bhd. As at today the Malaysian Company holds 44.98% of the stake and the Government holds 49.50%.

With a countrywide customer base of nine mn, the income revenue of SLT in 2022 was Rs. 108 billion and the profit was Rs. 8.46 billion.

The report dealt with threats posed to economic security, energy security, food security, etc., and most importantly cyber security. The report warned the management of a foreign company that may take over the SLT, would be naturally bent to the political policies of the country they belong to.

The committee made the following recommendations:

i. SLT is already partially privatised with international companies holding 44.98% of the stake and the government holding 49.5%. Further privatisation would expose the country’s critical communication infrastructure/sensitive information to private entities whose profit-oriented interests can compromise national security. Hence privatisation of Telecom is not recommended.

ii. Anyone/organisation who had been blacklisted/helped terrorists/extremists in any form should not be allowed to buy any share and have any control over our national assets.

iii. State can buy back the other large shareholder of Telecom as provided for in the agreement, divide the segments into sensitive and vulnerable, excess lands and buildings, critical infrastructure and the business. Whilst retaining the first segments affecting National Security, the state can divest the others holding a major share through Private Public Partnership ensuring critical infrastructure is protected and all government regulations are adhered to. This way the government can exit from doing business whilst making profit and ensuring National Security.

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Heat Index at Caution Level in the Northern, North-central, North-western, Western, Sabaragamuwa, Eastern and Southern provinces and in Monaragala district

Published

3 hours ago

2026/04/18

Priyan

Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre
Issued at 3.30 p.m. on 17 April 2026, valid for 18 April 2026.

The Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in the Northern, North-central, North-western, Western, Sabaragamuwa, Eastern
and Southern provinces and in Monaragala district.

The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.

Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.

ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.

Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491.

News

Oil prices plunge as Iran says Strait of Hormuz ‘open’ during ceasefire

Published

6 hours ago

2026/04/17

Priyan

Oil prices have plummeted after Iran said the Strait of Hormuz would be “completely open” to commercial ships for the remainder of the ceasefire.

The cost of a barrel of Brent crude fell to $88 dollars a barrel, having been above $98 earlier on Friday.

The Strait of Hormuz is a narrow strip of water linking the Gulf to the Arabian sea, through which a fifth of the world’s oil and liquified natural gas is typically transported.

“The passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,” Iranian Foreign Minister Abbas Araghchi said.

Global markets also rallied on the announcement, with the major US stock indices rising in early trading. The S&P 500 rose by 0.8%, while the Nasdaq and Dow Jones Industrial Average (DJIA) were both up by more than 1%.

European shares also rose in reaction to the news. The Cac index in Paris and Dax in Frankfurt both climbed by more than 2%, while London’s FTSE 100 rose by around 0.5%.

The Strait of Hormuz has been effectively shut by Iran since the US and Israel launched military strikes in the country in late February.

Tankers have been unable to pass through, drastically reducing the amount of oil and gas available on global markets and causing prices to spike.

Before the conflict, Brent crude was trading at under $70 per barrel. It rose above $100 before reaching a peak of more than $119 per barrel in March.

Sharp rises in the price of oil have pushed up the price of petrol and diesel for drivers, as well as sparking concerns over the supply of jet fuel, leading to fears airlines will have to ground flights.

The closure of the key waterway has also cut off a major supply line of fertiliser, used by farmers, raising the prospect of higher food prices as a result of the conflict.

A third of the world’s key fertiliser chemicals pass through the Strait, and prices have risen steeply since the outbreak of war.

However, hours before Araghchi’s statement, motoring group the RAC said petrol and diesel prices had fallen slightly, in the UK for the first time since the US-Israel war with Iran began.

Pump prices began to ease on Thursday and continued on Friday, it said, though it remains far more expensive to fill up a tank than it did in February.

Iran’s decision to re-open the Strait of Hormuz followed a ceasefire agreement between Israel and Lebanon.

US President Donald Trump welcomed the move, writing on Truth Social: “IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE. THANK YOU!”

Trump added that Iran had agreed “to never close the Strait of Hormuz again… it will no longer be used as a weapon against the world”.

But, in a follow up post, he said a naval blockade of Iran will remain “in full force and effect” until a permanent deal to end the US-Israel war with the country is agreed.

Despite Iran’s announcement, one oil and gas shipping operator told the BBC it “doesn’t change anything” immediately.

“We don’t feel like we need to be taking unnecessary risks and our company approach is that we won’t be the first to go through the Strait”, the operator, who did not want to be named, said.

Another company, Stena Bulk, which operates oil tankers in the region, said it was “monitoring developments closely”.

“The safety of our crew and vessels governs every routing decision, and we will not transit until we are satisfied it is safe to do so”, the company added.

(BBC)

Latest News

Navy seize 161kg heroin shipment in high-seas operation

Published

7 hours ago

2026/04/17

Priyan

Being a key frontline stakeholder in the national mission, ‘A Nation United,’ the Navy continues to maintain a vigilant maritime shield to eradicate the drug menace from society.

During yet another successful operation on the high seas south of Sri Lanka, the Navy intercepted a local multi-day fishing trawler and apprehended four suspects in connection with the
smuggling of a stock of suspected narcotics.

The intercepted trawler, along with the suspects, was escorted to the Dikowita Fisheries Harbour today, (17 April 2026).

During a special inspection at the fisheries harbour, the Police Narcotic Bureau (PNB) confirmed the presence of over 161kg of heroin.

The Deputy Minister of Defence, Major General Aruna Jayasekera (Retd), and the Commander of the Navy, Vice Admiral Kanchana Banagoda, to inspect seized narcotics.

Addressing the media, the Deputy Minister emphasized that drug trafficking has long persisted as an organized and sophisticated criminal enterprise. He highlighted that under the current government’s national mission, ‘A Nation United,’ a robust state mechanism is now in motion, integrating the Tri-Forces, Police, Special Task Force, PNB, and international agencies to dismantle these networks.

Underscoring the Navy’s operational success, the Deputy Minister revealed that in 2025 alone, the Navy seized narcotics valued at over Rs. 75,000 million. In the first four months of 2026, the momentum has continued with nearly Rs. 50,000 million worth of drugs intercepted and produced for legal action.

During this short period, 14 local multi-day trawlers and 127 suspects have been apprehended. He issued a stern assurance that seized drugs would never find their way back into society, as they are systematically destroyed under strict protocols.
“Human capital is our nation’s most vital asset,” the Deputy Minister noted, adding that a healthy population leads to a quality workforce and a resilient economy. He further remarked that the vision of a “A Thriving Nation – A Beautiful Life”, extends beyond financial stability to include the dignity, discipline, and mindset of the citizenry.

“On the instructions of the President, new legislation is being drafted for Parliamentary approval to further empower this national mission and ensure a law-abiding, civilized society for future generations”, he stated.

Concluding the briefing, the Deputy Minister lauded the media for their role in drug prevention and urged continued responsible journalism to educate the public on the dangers of narcotics.

Meanwhile, the apprehended suspects, the multi-day trawler, and the 161kg heroin shipment were handed over to the Police Narcotic Bureau for onward investigation and legal proceedings.