News
In spite of surge in commuters, Railway losses mounting – GMR
‘Rs 40 mn daily diesel bill unbearable’
By Shamindra Ferdinando
General Manager, Railways, Dhammika Jayasuriya says revision of railway fares shouldn’t be delayed any further. Jayasuriya asserts that the national economy is in such a precarious state, continuing losses suffered by Railways, primarily due to steep increase in diesel price this year, cannot be sustained.
Speaking to The Island after having attended a meeting chaired by President Gotabaya Rajapaka at the President’s House on June 09 to discuss public transport issues, Jayasuriya said that their daily fuel bill amounted to Rs 40 mn while daily revenue stood at Rs 15 mn.
Jayasuriya said that a sharp increase of bus fares recently resulted in a significant surge in railway commuters. However, an increase in daily revenue wouldn’t be sufficient at all to cover mounting losses, caused by rising cost of diesel and other inputs, Jayasuriya said, underscoring the responsibility on the part of the government to decide on this matter soon. The outspoken official said that season ticket holders paid just a fraction of the real value. When compared with bus fares, railway season tickets cost just seven percent of the bus fares, Jayasuriya said, drawing the government’s attention to their dilemma.
Responding to another query, Jayasuriya said that a third class ticket should be about 50-60 percent of bus fares. According to him, the third class ticket was very much less than the bus fare and in the case of those buying return tickets even cheaper.
Referring to a recent statement attributed by Transport, Highways and Mass Media Minister Bandula Gunawardane as regards the need for an increase in the fare structure, GMR said that the dependence on the Treasury for handouts should be reduced.
Jayasuriya admitted that they would never be able to revise train fares to such an extent, where losses could be eradicated. And a significant increase was required to cut down on daily losses to sustain the loss making venture, he said, declaring that the current operation was a very heavy burden on the bankrupt national economy.
The crisis couldn’t be addressed by printing money, Jayasuriya said, urging decision-makers to take tangible measures to streamline public transport.
The meeting chaired by President Gotabaya Rajapaksa, and also attended by Minister Gunawardena, the government has discussed ways and means of ensuring an uninterrupted fuel supply to maintain train and bus services. A statement issued by the Presidential Media Division (PMD) stated that arrangements would be made to provide diesel to private buses from service stations, operated by the SLTB.
Jayasuriya said that short, medium and long term plans were required to take the Railways to the next level. Asked to explain, GMR said that they would have to significantly increase charges for fuel transportation to cut down on losses. Jayasuriya pointed out that there was a huge difference in payments made to fuel bowsers and the CGR and in spite of discussions at various levels the issues at hand remained unsolved. When pressed for their response to the developing crisis, Jayasuriya said that they had made representations to relevant authorities. “We have also drafted a Cabinet paper in this regard. We are confident the government will address this issue soon.”
According to Jayasuriya, the second class ticket is priced double the third class ticket. Railway operated a profitable special train service, Jayasuriya said, underscoring the urgent need for thorough review of the entire service to meet any eventuality.
News
NPP: Speaker won’t step down, CIABOC can investigate him
* New Auditor General should not have been sworn in before Speaker – Opp.
* Suspended House Dy. Sec. Gen. Chaminda Kularatne takes his case to CA today
General Secretary of the National People’s Power (NPP) Dr. Nihal Abeysinghe yesterday said that there was no need for Speaker Dr. Jagath Wickramaratne to step down in view of the complaint lodged against him with the CIABOC (Commission to Investigate Allegations of Bribery or Corruption).
NPP General Secretary said so in response to The Island query whether the parliamentary group of the ruling party discussed the growing Opposition calls for the Speaker, who is also the Chairman of the Constitutional Council, to step down to facilitate the investigation.
The NPP parliamentary group consists of 159 MPs, including 18 National List (NL) members.
NL member Dr. Abeysinghe asked whether any other person, who had been investigated by the CIABOC, stepped down from his or her position to facilitate the inquiry.
The top official emphasised that the CIABOC could go ahead with its investigation without any hindrance.

Chamindra and Dr. Jagath
Opposition sources said that there hadn’t been a similar situation before and the CIABOC investigation into Speaker Dr. Wickramaratne is unprecedented as he heads the 10-member CC responsible and directly involved in all key appointments, including that of members to the CIABOC.
Sources pointed out that the newly appointed Auditor General, Ms. Samudrika Jayaratne, took the oath of secrecy before the Speaker on 5 February in Parliament after suspended Deputy General Secretary of Parliament Chaminda Kularatne complained to CIABOC.
In accordance with Section 9 of the National Audit Act, No. 19 of 2018, Jayaratne took the oath of secrecy in her capacity as the Auditor General of the National Audit Office and Chairperson of the Audit Service Commission.
Sources said that Kularatne would move the Court of Appeal today (10) against his removal at the behest of the Staff Advisory Committee, headed by the Speaker.
By Shamindra Ferdinando
News
Trinco Buddha statue case: All suspects, including 4 monks re-remanded till 11 Feb.
The Trincomalee Magistrate’s Court yesterday (09) further remanded 10 persons, including four Buddhist monks, arrested on 19 January, 2026, for allegedly placing a Buddha statue in the coastal reservation, on 16 January.
The Buddhist monks, including Ven. Balangoda Kassapa Thera, and six other individuals, were further remanded until 11 February.
They have been accused of violating the Coast Conservation Act by placing a Buddha statue on a block of land belonging to the Trincomalee Bodhiraja Temple.
Of the four monks, Ven Balangoda Kassapa Thera and Ven Trincomalee Kalyanawansa Tissa Thera moved the Court of Appeal against the Magistrate’s Court decision. The case was heard on 22 January before a Bench comprising the President of the Court of Appeal, Justice Rohantha Abeysuriya, and Justice K. Priyantha Fernando.
Manohara de Silva, PC, and President’s Counsel Uditha Igalahewa, PC, appearing for the petitioners, urged the Court to take up the matter urgently, describing it as a case of exceptional importance.
However, the Court of Appeal on 3 February dismissed the petitions against the remanding of Ven Balangoda Kassapa Thera and Ven Trincomalee Kalyanawansa Tissa Thera.
The order was issued by the Court of Appeal bench consisting of the President of the Court of Appeal, Justice Rohantha Abesuriya and Justice Priyantha Fernando.
News
Pakistan HC commemorates Kashmir Solidarity Day
The Pakistan High Commission in Colombo recently organised a seminar and photo exhibition at the HC premises to commemorate Kashmir Solidarity Day. The following is the text of the statement issued by the PHC: “The event highlighted Pakistan’s continued support for the Kashmiri people and emphasised the importance of a peaceful and just resolution of the Jammu and Kashmir dispute. Members of the Pakistani community, friends of Kashmir, and local journalists attended the event.
The seminar concluded with remarks by the High Commissioner of the Islamic Republic of Pakistan, Major General (R) Faheem-ul-Aziz, HI (M). He reaffirmed Pakistan’s principled stance on the Jammu & Kashmir issue and underscored the need for sustained international engagement. He noted that the situation in Indian Illegally Occupied Jammu & Kashmir (IIOJK) has remained a matter of concern for decades and called upon the international community, particularly the United Nations, to play its role in promoting peace, stability, and respect for human rights.
The High Commissioner emphasised that the Jammu and Kashmir dispute should be resolved in accordance with international law and relevant UN Security Council resolutions, cautioning that prolonged tensions could have broader implications for regional peace and security.
The event featured keynote addresses by Shiraz Yunus and Ms. Suriya Rizvi, who highlighted the importance of dialogue, interfaith harmony, and peaceful coexistence. They also drew attention to humanitarian concerns and stressed the need for safeguarding fundamental rights in the region.
Earlier, messages from the President and the Prime Minister of Pakistan, issued on the occasion of Kashmir Solidarity Day, were read out by the Press Attaché and the Trade & Investment Attaché, respectively.
As part of the Photo Exhibition, photographs and digital presentations, depicting the humanitarian situation in IIOJK, were displayed during the seminar.”
-
Features2 days agoMy experience in turning around the Merchant Bank of Sri Lanka (MBSL) – Episode 3
-
Business3 days agoZone24x7 enters 2026 with strong momentum, reinforcing its role as an enterprise AI and automation partner
-
Business2 days agoRemotely conducted Business Forum in Paris attracts reputed French companies
-
Business2 days agoFour runs, a thousand dreams: How a small-town school bowled its way into the record books
-
Business2 days agoComBank and Hayleys Mobility redefine sustainable mobility with flexible leasing solutions
-
Business3 days agoHNB recognized among Top 10 Best Employers of 2025 at the EFC National Best Employer Awards
-
Business3 days agoGREAT 2025–2030: Sri Lanka’s Green ambition meets a grid reality check
-
Editorial5 days agoAll’s not well that ends well?
