News
Ratnayake vows to keep fighting
PUCSL Chairman’s office sealed
By Rathindra Kuruwita
Chairman of the Public Utilities Commission of Sri Lanka (PUCSL) Janaka Ratnayake yesterday told the media that he would continue to be the head of the Commission.Addressing journalists from Australia, Ratnayake said he could remain in that position for 20 more months.
“Either a majority of MPs have to decide that I must resign. Or, they should find me guilty of a violation following an investigation,” he said.
Ratnayake said that some of the newly appointed members of the Commission had decided to approve the Cabinet approved CEB tariff proposal while he was not in the country.
“I came to Australia on 12 February and the GM went to the US on an official visit.
We appointed a director at the PUCSL to be Acting GM. At this point, some members of the commission decided to approve the CEB tariff plan. Then they called PUCSL officials to the Presidential Secretariat and asked them to place their signature on a letter addressed to the CEB, authorising the tariff hike. Politicians too were there. Officials had no option but to sign,” he said.
Ratnayake’s office at the PUCSL had been sealed yesterday by the police.
The PUCSL chairman also criticised the CEB’s decision to increase tariffs of people who consumed less than 90 units of electricity. Sri Lanka produced electricity from hydro power at around four rupees per unit and the profit made from these units must benefit the low income households, he said.
“In 2008, the CEB did something similar and the Supreme Court quashed it. The subsidies given to each segment should be decided by the PUCSL, not the CEB. About five million customers consume less than 90 units. How can they pay?” he asked.
Ratnayake added that in parallel to the increase in tariffs, the demand would drop, and the CEB would not be able to achieve its revenue targets, he said.
“We used to think that the demand for electricity was not elastic. However, after we increased tariffs in August 2022, there was a 12% drop in the demand. The CEB aims to make an additional Rs 267 billion from the tariff hike. In August 2022, the CEB made an additional Rs 180 billion rupees with the tariff hike. With these two hikes, the CEB is expected to around Rs 450 billion a year. This is about 1.2 billion US dollars. Now, the annual income of CEB will be about 700 billion. However, the question is whether the CEB has competent finance officers to mange its financial resources?” Ratnayake asked.
News
Showers will occur at times in the Western, Sabaragamuwa, Central, North-western and Northern provinces and in Anuradhapura, Galle and Matara districts
WEATHER FORECAST FOR 16 MAY 2026
Issued at 05.30 a.m. on 16 May 2026 by the Department of Meteorology
According to the today’s latest weather analysis, the low-pressure area located northeast of Sri Lanka, still persists. The Department of Meteorology is continuously monitoring the behavior, development and path of the system.
Due to the influence of the above system, Showers or thundershowers will occur at times and cloudy skies are expected in the Western, Sabaragamuwa, Central, North-western and Northern provinces and in Anuradhapura, Galle and Matara districts. Fairly heavy showers about 75 mm are likely at some places in these areas. Showers or thundershowers may occur at a few places in the Uva and Eastern provinces after 1.00 pm.
The general public is kindly requested to take adequate precautions to minimize damage caused by temporary localized strong winds and lightning during thundershowers.
News
Lanka’s eligibility to draw next IMF tranche of USD 700 mn hinges on ‘restoration of cost-recovery pricing for electricity and fuel’
The International Monetary Fund (IMF) said on Thursday that the completion of Sri Lanka’s combined Fifth and Sixth Reviews, under the Extended Fund Facility (EFF), remains subject to approval by its Executive Board, which is expected to meet in the coming weeks.
Addressing a media briefing, IMF Communications Department Director, Julie Kozack, said IMF staff and Sri Lankan authorities had reached a staff-level agreement on 09 April.
She noted that several prior actions must be completed before the programme can be submitted to the Executive Board, including the restoration of cost-recovery pricing for electricity and fuel, measures to protect vulnerable groups, and the completion of financing assurances.
Upon Board approval, Sri Lanka would gain access to approximately US$700 million in financing, Kozack said.
Responding to a question on whether the government’s fuel subsidy scheme — including the Rs. 100 per litre diesel subsidy — was consistent with the IMF’s pricing framework, Kozack declined to comment directly on the measure. However, she reiterated that the programme requires both cost-recovery pricing reforms and safeguards for vulnerable communities.
Kozack also observed that Sri Lanka had recently faced “two very large shocks”, referring to Cyclone Ditwah and the wider external impact of the Middle East conflict, which, she said, had affected both the economy and the public.
Despite these challenges, she said Sri Lanka’s reform programme was yielding positive results, citing strong fiscal performance in 2025, progress in debt restructuring, 5 percent economic growth, and inflation returning to positive territory following a period of deflation.
She reaffirmed the IMF’s commitment to supporting Sri Lanka’s reform agenda, stressing that the institution continues to work closely with the authorities to sustain economic stability and recovery.
News
Sanath Nishantha’s brother sentenced to jail over assault case
Former Arachchikattuwa Pradeshiya Sabha Chairman, Jagath Samantha, was yesterday sentenced to five-and-a-half years’ rigorous imprisonment by the Chilaw High Court after being found guilty of assaulting the Arachchikattuwa Divisional Secretary.
The court also ordered Samantha to pay Rs. 1 million as compensation to the victim, failing which he will serve an additional 24 months in prison.
The case had originally been filed against former State Minister Sanath Nishantha and his brother Jagath Samantha over the assault incident.
However, following the death of Sanath Nishantha, in a road accident on the Katunayake Expressway, on 25 January, 2024, only Samantha appeared before court for the proceedings.
The verdict was delivered after the High Court considered the evidence and submissions presented during the trial.
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