News
Conspiracy to destabilise LTL Holdings alleged
Politically motivated groups and rival interests are working together in a conspiratorial bid to destabilise LTL Holdings, senior members of the company’s staff trade union charged on Sunday, dismissing recent allegations against the firm as part of a coordinated smear campaign.
Addressing a media briefing in Colombo, Lanka Transformers Company Limited Staff Trade Union Secretary Kithsiri Egodawatte said politically aligned actors and competing institutions were behind a group “falsely claiming to represent LTL employees,” asserting that none of those individuals had any connection to the company.
Egodawatte said those factions were attempting to tarnish the company’s reputation and undermine an institution that had contributed significantly to the national economy and continued to generate strong dividends. He accused the groups behind the “Let’s Save LTL from Robbers” campaign of spreading deliberate misinformation in an attempt to fracture the institution.
He stressed that LTL Holdings had never resisted audits and fully respected the Auditor General’s constitutional authority. However, he noted that even the Committee on Public Enterprises (COPE) had acknowledged that current audit guidelines could hamper the company’s operations by slowing procurement, limiting its ability to retain skilled staff, and exposing it to undue political interference. Such constraints, he warned, could erode the company’s competitiveness against Chinese, Indian and Korean engineering firms operating locally and overseas.
“Most of our work is governed by commercial contracts,” Egodawatte said. “If we are forced to operate strictly under State Enterprise Guidelines without the flexibility needed for global competition, we risk becoming yet another loss-making entity that burdens taxpayers.”
He also alleged that individuals who had only worked temporarily on LTL projects were now circulating unfounded claims, with political groups and competitors continually striving to hinder the company’s progress. Rejecting accusations that LTL relied on CEB-related contracts for profits, he said 67% of the 2024/25 revenue was earned overseas, underscoring its global reach.
Trade union member M. Anandavel told the briefing that conspirators had filed numerous court cases against the company, most of which had either been dismissed or withdrawn due to lack of evidence. He also debunked assertions from 15 individuals claiming to own 75% of LTL Holdings, clarifying that no employee held shares in the parent company; instead, staff held shares only in subsidiary entities Teckpro Investments Limited and Peradev Limited.
Anandavel called for continued public support to strengthen LTL Holdings as a wholly Sri Lankan engineering powerhouse recognised internationally for its technical expertise, urging those with genuine concerns to pursue legal avenues rather than fuel propaganda campaigns.
Mechanical Engineer and union member Nilupa Madusankha said that the company’s commitment to transparency, professionalism and its ongoing contribution to the national economy.
As part of the official visit to London for the 43rd Commonwealth of Learning (COL) Board of Governors Meeting 2026, the Prime Minister of Sri Lanka, Dr. Harini Amarasuriya, held discussions with academic experts from the British Council on Wednesday [20 May 2026].
The discussions focused on strengthening cooperation in education, particularly in the areas of teacher training, English language programmes, education frameworks, and language acquisition skills.
The British Council shared international experience and highlighted its ongoing engagement in Sri Lanka, while expressing readiness to support the country through technical assistance, teacher development initiatives, and policy collaboration.
Discussions also included views on improving quality assurance, expanding research collaboration, and enhancing learning opportunities.
The Prime Minister appreciated the British Council’s continued engagement in Sri Lanka and reiterated the importance of deepening partnerships.
[Prime Minister’s Media Division’
Prime Minister Dr. Harini Amarasuriya, who is currently on an official visit to the United Kingdom, met with members of the Sri Lankan community living in London on Wednesday [20th] and engaged in cordial discussions.
Despite the event being held on a weekday, it was notable that nearly one thousand Sri Lankans representing the Sinhala, Tamil, and Muslim communities attended with great enthusiasm.
Addressing the gathering, Prime Minister Dr. Harini Amarasuriya stated that despite natural disasters and international crises, the present government has succeeded in stabilizing the country’s economy while providing relief to the people. She further noted that Sri Lanka’s political culture has now undergone a positive transformation that is irreversible.
Minister of Women and Child Affairs Saroja Paulraj, addressing the event, stated that a governance system has now been established in the country where all communities are treated equally and the benefits of economic development are shared fairly among all citizens.
Moving away from the traditional method of political gatherings, the event also provided an open platform for members of the Sri Lankan community to directly raise questions and express their views to the Prime Minister and the Minister.
Commenting on the organization of the event, the organizing committee stated that all expenses, including dinner, were borne by the participants themselves. The organizers further remarked that it is unsurprising that opposition groups, accustomed to organizing such events through the misuse of public funds, appear unsettled by this transparent process.
The occasion was attended by the Minister of Women and Child Affairs Saroja Paulraj and Sri Lanka’s High Commissioner to the United Kingdom, Nimal Senadheera.
[Prime Minister’s Media Division]
Prime Minister Dr Harini Amarasuriya currently undertaking an official visit to London, United Kingdom, to participate in the 43rd Commonwealth of Learning (COL) Board of Governors Meeting 2026 held a bilateral meeting with the Yvette Cooper MP, Foreign Secretary of the United Kingdom ON Wednesday [20]. The Prime Minister was accompanied by Sri Lanka’s High Commissioner to the United Kingdom, Nimal Senadheera, along with officials from the Sri Lankan High Commission.
During the meeting, the Prime Minister conveyed Sri Lanka’s appreciation to the United Kingdom for the support extended in the aftermath of Cyclone Ditwa, including ongoing rebuilding and recovery assistance. The Prime Minister also commended the United Kingdom’s support in facilitating increased bilateral trade and exports for Sri Lanka.
The Prime Minister briefed the UK delegation on Sri Lanka’s recent economic developments and policy priorities, the Government’s commitment to advancing human rights and reconciliation, as well as Sri Lanka’s positive growth trajectory.
The two sides also exchanged views on current global geopolitical developments, challenges in the energy sector, and the importance of enhancing regional connectivity and long-term energy security.
Both sides also emphasised the importance of strengthening structured academic mobility frameworks while ensuring fairness, clarity, and integrity within migration systems.
They also reaffirmed their commitment to further strengthening bilateral cooperation between the two countries in areas of mutual interest.
[Prime Minister’s Media Division]
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