News
LSSP, CP jointly oppose scrapping of PUCSL
The Lanka Sama Samaja Party and the Communist Party of Sri Lanka have opposed the abolition of the Public Utilities Commission.
In a joint statement, the LSSP and the CP have said that the Commission was established by the Parliament Act No. 35 of 2002 and “no institution outside Parliament has the power to abolish an institution established by an Act of Parliament, and that this can only be done by Parliament itself.”
The Joint Statement, signed by LSSP General Secretary Prof. Tissa Vitarana, and General Secretary of the CP Dr. G. Weerasinghe, said: The Lanka Sama Samaja Party and the Communist Party of Sri Lanka are objecting the decision to abolish the Public Utilities Commission of Sri Lanka.
The Secretary to the President has sent a letter to the Secretary to the Treasury on December 1, 2020 requesting that necessary steps be taken to abolish this Commission.
This Commission was established as the Government Institution for the formulation and regulation of policies for the distribution of electricity, water supply and petroleum resources and other public utilities in Sri Lanka. The Act empowered the Commission to supervise and regulate organizations, agencies and corporations engaged in the provision of public utilities in the country.
The Commission functions as an independent regulatory body. It promotes the interests of all parties involved, promotes competition, promotes operations and capital investment and efficiency in the public utility industry, promotes efficient-allocation of resources, promotes safety and service quality in those industries, and maintains utility services in accordance with international standards whenever possible. The Commission also plays a key role in managing the price control agencies efficiently so as not to unnecessarily affect their financial difficulties. In doing so, it maintains fairness, impartiality and transparency in decision making through communication and commitment with all concerned.
We emphasize that no institution outside Parliament has the power to abolish an institution established by an Act of Parliament, and that this can only be done by Parliament itself.
News
“Sri Lanka’s Economic Revival – Reflection on the Journey from Crisis to Recovery” by Mahinda Siriwardana presented to the President
The book “Sri Lanka’s Economic Revival – Reflection on the Journey from Crisis to Recovery” ,authored by Secretary to the Ministry of Finance, Mr. Mahinda Siriwardana, was officially launched this morning (08) at the Galle Face Hotel, Colombo, with the participation of President Anura Kumara Disanayake.
The first copy of the publication was formally presented to President Disanayake by Mr. Siriwardana during the event.
It has been reported that former State Minister Sivanesathurai Chandrakanthan alias ‘Pilleyan’ has been arrested by the Criminal Investigation Department (CID).
A meeting between President Anura Kumara Disanayake and senior officials of SriLankan Airlines was held this afternoon (April 8) at the Presidential Secretariat.
The discussions mainly focused on proposals to transform SriLankan Airlines into a more profitable state-owned enterprise. Special attention was also given to possible short-term and long-term solutions for the airline’s debt management.
The talks further explored new investment opportunities for the airline. The President instructed the officials to take all necessary steps to transform SriLankan Airlines into a profit-making entity.
Although the airline has recorded operational profits, due to past mismanagement and poor decision-making, it remains one of the leading loss-making state enterprises. The current government has decided to reverse the previous administration’s decision to privatize the airline. Instead, it plans to continue operating it as the national carrier while introducing a new management structure to ensure its profitability moving forward.
Minister of Labour and Deputy Minister of Economic Development Dr. Anil Jayantha Fernando, President’s Senior Advisor Duminda Hulangamuwa, Chairman of SriLankan Airlines Sarath Ganegoda along with several senior officials of SriLankan Airlines, were present at the meeting.
“Sri Lanka’s Economic Revival – Reflection on the Journey from Crisis to Recovery” by Mahinda Siriwardana presented to the President
Former state minister arrested by CID
President meets with senior officials of SriLankan Airlines
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