News
Media industry hard-hit by economic crisis, parliamentary sub-committee told
The local media industry has been hit hard by the prevailing economic crisis as money spent on advertising decreased by around 70 percent while production costs were on an incessant rise, journalists and media organization representatives informed the National Council Sub Committee on Economic Stabilization of Parliament.
This sub-committee met on Thursday at the Committee Room I in the parliamentary complex. Due to the power cuts during prime time telecasts, the number of commercials received by TV stations has decreased and in the current economy, they have to bear high costs for the production of programmes, journalists pointed out to the committee headed by SJB MP Patali Champika Ranawaka.
Journalists representing newspapers pointed out that due to the increase in production costs including the shortage of paper, there has been a major setback in the publishing industry including newspapers. They also pointed out that because of this situation, the pages of the newspapers had to be limited and the prices increased.
They further pointed out that due to the reduction of newspaper pages, there is no space for the news sent by provincial journalists and they have not even been able to make payments for published material.It was also revealed that it is difficult to even pay salaries to the permanent staff of some newspaper organizations. They also pointed out that in this situation newspaper printing has decreased by 60%-70%.
Thus, newspaper journalists pointed out that the circulation of newspapers among the people has been greatly reduced due to economic issues, non-publication of local news, etc.In addition to the economic crisis, it was also revealed that the newspapers and radio have to face a major challenge due to the current digital media trends including social media.
It was further expressed that the government should make a joint effort to reach one goal by all media organizations to prepare the people to face the current crisis. Attention was drawn here to the need to act in the same way that the media acted in times like the tsunami disaster, defeating terrorism and overcoming the covid crisis.
Paying attention to all these comments and suggestions, the committee chairman said that based on these facts, he is expected to include proposals related to the media sector in the next report and submit them to the National Council.Journalists representing mainstream media organizations such as television, radio and newspapers as well as web media and social media were invited to this meeting.
News
CEB engineers raise alarm over power sector stability
A senior electrical engineers attached to the Ceylon Electricity Board (CEB) have warned that unresolved structural and policy issues within the power sector could threaten the long-term stability of the national grid, urging authorities to act swiftly to address mounting technical and administrative concerns.
Speaking on condition of anonymity, they said the electricity network was operating under increasing strain due to delayed infrastructure upgrades, financial constraints, and growing demand.
“The national grid is not something that can be managed casually. It requires systematic planning, preventive maintenance, and timely investment. If these are compromised, the risk to system stability increases,” the engineers said.
They noted that several transmission and substation modernisation projects were behind schedule, while ageing thermal plants continued to shoulder a significant portion of the country’s base load demand.
“Engineers are committed to ensuring an uninterrupted supply. But professional expertise must be respected in decision-making. Technical matters cannot be subjected to short-term political considerations,” the engineers added.
Meanwhile, the powerful Ceylon Electricity Board Engineers’ Union (CEBEU) echoed similar concerns, warning that failure to address long standing professional and structural issues could have serious consequences for the power sector.
In a statement, the CEBEU has said that engineers have repeatedly called for reforms that safeguard the integrity of the utility and ensure that operational decisions remain grounded in technical evaluation.
“The electricity sector is a critical national asset. Any attempt to weaken institutional safeguards or bypass professional consultation will directly impact service reliability and long-term sustainability,” the union said.
The CEBEU has stressed the importance of transparent engagement between policymakers and technical personnel, noting that morale among engineers could be affected if their concerns continue to go unheard.
Industry analysts point out that the power sector plays a central role in Sri Lanka’s economic recovery efforts, particularly as the country seeks to expand industrial activity and attract investment. Stability in electricity supply remains a key determinant of business confidence.
The senior engineer stressed d that the objective of raising concerns is not confrontation but preservation of the grid’s integrity.
“Our responsibility is to the public. Electricity powers hospitals, industries, and homes. Safeguarding the system is a national duty,” he said.
With tensions simmering within the sector, stakeholders say meaningful dialogue between authorities, engineers, and trade unions will be crucial in ensuring that Sri Lanka’s power infrastructure remains resilient in the face of growing challenges.
By Ifham Nizam
News
CB identifies 24 pyramid scams in Sri Lanka
The Central Bank (CBSL) yesterday announced that investigations had identified 24 companies and applications operating prohibited pyramid schemes.
In a public notice issued under Section 83C of the Banking Act, No. 30 of 1988 (as amended), the CBSL said the following entities had been “ascertained and determined as prohibited schemes”: Tiens Lanka Health Care (Pvt) Ltd, Best Life International (Pvt) Ltd, Mark–Wo International (Pvt) Ltd, V M L International (Pvt) Ltd, Global Lifestyle Lanka (Pvt) Ltd, Fast3Cycle International (Pvt) Ltd, Sport Chain App / Sport Chain ZS Society Sri Lanka, OnmaxDT, MTFE App / MTFE SL Group / MTFE Success Lanka / MTFE DSCC Group, Fastwin (Pvt) Ltd, Fruugo Online App / Fruugo Online (Pvt) Ltd, Ride to Three Freedom (Pvt) Ltd, Qnet / Questnet, Era Miracle (Pvt) Ltd and Genesis Business School, Ledger Block, Isimaga International (Pvt) Ltd, Beecoin App and Sunbird Foundation, Windex Trading, The Enrich Life (Pvt) Ltd, Smart Win Entrepreneur (Pvt) Ltd, Net Fore International (Pvt) Ltd / Netrrix, Pro Care (Pvt) Ltd and Shade of Procare (Pvt) Ltd, SGO / sgomine.com and I.C.A.N Advertising (Pvt) Ltd and its affiliates icanonlineadvertising.com, bannercuts.com, bannercuts.lk, bannercuts.net and bannercuts.org
The CBSL said pyramid schemes, also referred to as multi-level marketing or direct selling schemes in certain instances, operate as recruitment-based programmes in which members enlist others into an expanding “downline” structure resembling a chain letter.
Under such arrangements, a portion of the fees paid by new recruits is channelled upwards to earlier participants, known as the “upline”, who are fewer in number.
The Central Bank warned that such schemes are inherently unsustainable, with the vast majority of participants at the lower tiers eventually losing their investments, while only a small number of early entrants are able to recover or profit from the funds contributed by subsequent recruits. It noted that when a pyramid scheme collapses, up to 99 per cent of those in the lower levels risk losing their money.
News
Church urges patience, warns against interference with Easter attacks probe
Director of Communications for the Archdiocese of Colombo, Rev. Fr. Cyril Gamini Fernando, yesterday expressed confidence that ongoing investigations into the 2019 Easter Sunday terror attacks would yield meaningful results and urged the public and all stakeholders to exercise patience and allow the probe to proceed independently.
Addressing a media briefing in Colombo yesterday, Fr. Fernando called on all parties to refrain from interfering with the investigations, warning that any attempt to obstruct the process would amount to a grave injustice to the victims.
He said he believed there was credible evidence to warrant the arrest of military intelligence veteran Maj. Gen. (Retd.) Suresh Sallay.
Referring to the coordinated bombings on April 21, 2019, which targeted churches and hotels and claimed nearly 300 lives, Fr. Fernando described the attacks as a “barbaric” act and a “massacre” that killed worshippers attending Easter services as well as individuals from different religious and ethnic communities.
By Norman Palihawadane
-
Features5 days agoWhy does the state threaten Its people with yet another anti-terror law?
-
Features5 days agoReconciliation, Mood of the Nation and the NPP Government
-
Features5 days agoVictor Melder turns 90: Railwayman and bibliophile extraordinary
-
Features4 days agoLOVEABLE BUT LETHAL: When four-legged stars remind us of a silent killer
-
Features5 days agoVictor, the Friend of the Foreign Press
-
Latest News6 days agoNew Zealand meet familiar opponents Pakistan at spin-friendly Premadasa
-
Latest News6 days agoECB push back at Pakistan ‘shadow-ban’ reports ahead of Hundred auction
-
Latest News6 days agoTariffs ruling is major blow to Trump’s second-term agenda
