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Over 70% salary hike for CBSL employees: Gevindu demands explanation from FM

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Gevindu Cumaratunga

 … draws attention to discrepancy in beneficial interest rates for EPF members

By Shamindra Ferdinando

Dissident SLPP lawmaker Gevindu Cumaratunga yesterday (18) said that the Wickremesinghe-Rajapaksa government owed an explanation how the Governing Board of the Central Bank had approved a massive salary increase to CBSL employees at a time the country was experiencing developing political-economic-social crisis.

The National List MP said the recent disclosure of over 70 percent salary increase to several different categories of CBSL employees should be brought to the attention of the International Monetary Fund (IMF), bilateral and private creditors as well.The Finance Ministry confirmed the salary increase when The Island raised the issue with a senior official.

President Ranil Wickremesinghe, in his capacity as the Minister in charge of Finance portfolio should explain the circumstances relatively affluent section of public sector workers received an unprecedented salary increase against the backdrop of a large grouping of health sector trade unions resorting to trade union action in a bid to secure Rs 35,000 DAT (Disturbance, Availability and Transport) allowance granted to doctors.

Cumaratunga said: “How could CBSL employees receive over 70 percent salary increase while the Finance Ministry repeatedly declared that health sector workers’ demands couldn’t be granted for want of funds. State Finance Ministers, Ranjith Siyambalapitiya and Shehan Semasinghe, both members of the SLPP should answer public concerns in this regard.”

Responding to another query, Cumaratunga said that he intended to raise the issue at hand in Parliament. “Let us all political parties represented in Parliament, civil society and the media take up this issue vigorously,” he said, claiming that salaries and allowances of a section of top officials had been increased by as much as Rs 600,000.

“This is not fair. Such actions cannot be justified under any circumstances,” the MP said. Referring to the 2024 budget, MP Cumaratunga said that public finance was in such a precarious situation, government servants were granted a salary increase on a staggered basis.

Having suspended debt repayment in April 2022, the country was yet to start paying its debt and there was no consensus with creditors, MP Cumaratunga said. Therefore, the CBSL, faulted along with others for the current crisis by the Supreme Court, couldn’t use the Central Bank of Sri Lanka (CBSL) Act, No. 16 of 2023 to its advantage, MP Cumaratunga added.

In terms of this Act, the Governing Board (GB) of the CBSL is responsible for overseeing the administration and management of the affairs of the CBSL and determination of the general policies of the CBSL.

The leader of the Yuthukama civil society organization pointed out in 2022, the CBSL employees had received a staggering 29.27 percent interest while the other EPF members received just 9 percent. “We took up this issue both in and out of Parliament though the government turned a blind eye to the unfair practice,” MP Cumaratunga said.  The civil society activist questioned how CBSL employees received special status when EPF, managed by the Central Bank, were entitled for 9 percent interest, MP Cumaratunga said, alleging that funds amounted to Rs 21 bn that could have used to provide additional assistance were held in a special account while EPF members struggled to make ends meet.

The government had allowed an unprecedented discrepancy in what he called beneficial interest rates received by members of the Central Bank Provident Fund, MP Cumaratunga said. According to him, in terms of the Domestic Debt Optimization (DDO) plan passed on July 01, 2023, the government legitimised the flawed EPF interest payment scheme. The MP said that the ruling SLPP voted for the controversial resolution that was adopted with a majority of 60 votes. The resolution received 122 votes in favour whereas 62 voted against. Forty-one MPs skipped the vote.

Much of the 10-hour debate, on July 1, 2023, centered on how the DDO process impacted on the EPF and ETF (Employees Trust Fund). Unfortunately, Parliament never really wanted to address the issue, a vast majority of EPF members being disadvantaged by the CB-managed EPF. That is the crux of the matter, MP Cumaratunga said.



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Our objective is to ensure that the Commission to Investigate Allegations of Bribery or Corruption operates as an independent institution, free from any external influence – PM

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Prime Minister Dr. Harini Amarasuriya stated that the government’s objective is to ensure the environment for the Commission to Investigate Allegations of Bribery or Corruption [CIABOC] to function as an independent body, without influence from anyone, including Members of Parliament and Ministers.

The Prime Minister made these remarks while participating in the debate on the interim resolution concerning the determination of salaries and service conditions of the officers and employees of the Commission under the Anti-Corruption Act.

The Prime Minister stated:

“Honourable Speaker, I consider the proposal presented today on determining the remuneration and service conditions of the officers and employees of the Commission to Investigate Allegations of Bribery or Corruption to be highly important. Although the Anti-Corruption Act was passed in 2023, we only began to truly feel the presence of an active Commission from 2025.

Since then, we have had to experience a number of challenges in operationalizing the Commission. In particular, there were several obstacles, including limitations in recruiting officers, which hindered the Commission from functioning as required. It was necessary to establish several practical conditions, such as granting the Commission the freedom to determine allowances for its staff, to formulate the rules and regulations required for its operations, to recruit personnel, and to submit budget estimates relevant to its annual plans. At the time the new Director General assumed duties, there were over 4,000 investigation files within the Commission where investigations had been completed but cases had not yet been filed. Moreover, there were only about 31 legal officers.

Follow the adoption of this proposal, the Commission will be granted the authority to recruit officers, determine necessary allowances, and make independent decisions regarding financial matters. This will enable the Commission to effectively fulfill its intended mandate. This proposal plays a significant role in building a new political culture in our country, one that is anti-corruption and committed to a transparent public service that is free from bribery”.

Further commenting, the Prime Minister also addressed the country’s response to the ongoing global energy crisis.

“In the current global context, our economy and energy sector are facing multiple challenges. These conditions are constantly evolving and difficult to predict. However, it is our responsibility as a government to recognize these changes and manage their impact on our economy.

Following that, the Cabinet has decided to appoint four special committees. Accordingly, one committee will focus on ensuring the uninterrupted provision of essential services to the public; while another will make decisions on maintaining public services through energy management within the public sector; a third will work with the Procurement Commission to identify new methods of energy procurement in addition to existing mechanisms; and a fourth will examine the social impacts arising from this situation, including its effects on vulnerable groups, and recommend fair solutions, relief measures, and welfare services.

This is a situation that we, as a country, must face collectively. The public service, the private sector, the political leadership regardless of party differences and the people of our country must come together to overcome this, just as we have faced previous challenges. We are confident that, we will be able to successfully face this situation through proper leadership and management, and by making timely decisions.

[Prime Minister’s Media Division]

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Heat Index at ‘Caution Level’ in the Western, Sabaragamuwa, North-central, Southern and North-western provinces and in Monaragala, Mannar, Vavuniya and Mullaitivu districts

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Warm Weather Advisory Issued by the Natural Hazards Early Warning Centre of the Department of Meteorology at 3.30 p.m. on 18 March 2026, valid for 19 March 2026

The general public are cautioned that the Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in the Western, Sabaragamuwa, North-central, Southern and North-western provinces and in Monaragala, Mannar, Vavuniya and Mullaitivu districts.

The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.

Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.

ACTION REQUIRED

Job sites: Stay hydrated and takes breaks in the shade as often as possible.

Indoors: Check up on the elderly and the sick.

Vehicles: Never leave children unattended.

Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.

Dress: Wear lightweight and white or light-colored clothing.

Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491.

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Pay hike demand: CEB workers climb down from 40 % to 15–20%

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A salary increase in the range of 15 to 20 percent is currently under discussion within the Ceylon Electricity Board (CEB), though no official decision has yet been taken, The Island reliably learns.

A senior electrical engineer who is is privy to ongoing salary negotiations, speaking on condition of anonymity, said the proposal had been put forward as a reasonable and necessary measure, rather than a rigid demand, in light of the prolonged delay in salary revisions. Earlier they have been asking for a staggering 40% salary increase.

“We are not insisting on this as a primary demand or condition. What we are requesting is for the authorities to seriously consider the possibility of granting an increase,” he said.

He emphasised that CEB employees had not received any salary increment since 2024 due to the ongoing reform and restructuring process, leaving staff to cope with rising living costs without adjustment.

“Under normal circumstances, the next salary revision would only be due in January 2027. That creates a significant and unfair gap. This proposal is, therefore, a justified attempt to secure at least a reasonable percentage in the interim,” he said.

The engineer warned that continued inaction could have serious implications for staff morale and operational efficiency at a time when the power sector is undergoing critical reforms.

Sources said that while internal discussions have pointed towards a 15 to 20 percent increase, the matter has not yet been formally taken up at policy level.

However, pressure is mounting on authorities to reach a timely and equitable decision, as frustration grows among employees over the absence of salary adjustments for nearly three years.

By Ifham Nizam

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