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Govt. moves to appoint private advisors to sell shares of SOEs

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By Shyam Nuwan Ganewatta

The government has decided to appoint advisors on the sale of shares of State Owned Enterprises like Sri Lanka Insurance Corporation (SLIC,) Litro Gas, Colombo Hilton and Colombo Grand Hyatt.

It has asked eligible companies to forward their expressions of interest between March 30 and April 27.

These companies can submit their expressions of interest to become advisors to one or more of the above mentioned companies.



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Establishment of an Institutional Framework to Inagurate Upper Hydro Catchment Areas Management Authority

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Policy approval of the Cabinet of Ministers was granted at their meeting held on 08.06.2026 to establish the Upper Hydro Catchment Areas Management Authority for identification and
execution of a formal and long – lasting remedy to secure the central hills including the upper hydro catchment areas enabling them to sustain amidst extreme weather conditions
due to natural calamities and human activities as well as to be used for the sustainable development of the country.

Accordingly, a concept paper has been prepared including
institutional structure, activities, powers, active subject area as well as administrative and coordination mechanism for the proposed authority by an expert technical committee appointed by the Secretary to the President.

Based on the said concept paper, the Cabinet of Ministers granted approval to the resolution furnished by the President to instruct the Legal Draftsman to prepare a draft bill including legal provisions required for the establishment of Upper Hydro Catchment Areas Management Authority.

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Introduction of Flora and Fauna (Regulation of actions of the Indigenous Community within the nominated areas) Regulations

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With the objective of securing the traditional livelihood and the eco system of the indigenous community, it has been recognized the necessity of introducing a formal regulation methodology to secure their engagement in livelihood activities by being more sensitive to the existing laws.

Thereby, the  Fauna and Flora (regularizing) regulations under the Fauna and Flora Protection Ordinance (Authority 469) have been prepared so that nominated activities within the prescribed area to a member of the indigenous community
who has been registered for securing the rights acquired from law or custom or usage or traditional stance to execute an act within a certain state land that is fundamental to the survival of the indigenous community permission can be granted

Accordingly, the Cabinet of Ministers granted approval to the resolution furnished by the Minister of Environment to publish the said regulations in the government gazette notification and thereby submit to the Parliament for its concurrence.

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M. M. D. J. Senarathne, appointed Director General of the Department of National Botanical Gardens

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The Cabinet of Ministers approved the resolution furnished by the Minister of Environment to appoint  M. M. D. J. Senarathne, who is the senior most officer in Grade I of Sri Lanka Scientific Service se

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