News
Wimal unfazed by loss of profit-making Lanka Phospate Co.
… hopes new minister will sustain successful operations
By Shamindra Ferdinando
National Freedom Front (NFF) leader and Industries Minister Wimal Weerawansa yesterday (20) said that he hoped Lanka Phosphate Company would continue to achieve success under the purview of any other ministry.
A spokesperson for NFF quoted Minister Weerawansa as having said that he wished Phosphate deposit at Eppawela would be utilised in a way beneficial to the country for generations to come.
The Minister said so in the wake of President Gotabaya Rajapaksa bringing Lanka Phosphate under Agriculture Minister Mahindananda Aluthgamage by way of a special gazette notification. This has been done at the expense of Minister Weerawansa.
The NFF official emphasised that the loss-making Lanka Phosphate Company had been transformed during Weerawansa’s tenure as the Industries Minister and by June 2021 the state venture recorded Rs 104 mn operating profit.
The NFF also released relevant documents pertaining to losses suffered before Weerawansa took over the Industries Ministry. Pointing out that the public sector enterprise had suffered an operating loss of Rs 80.8 mn loss in 2016/2017 financial year, the NFF said that Industries Ministry under Weerawansa’s leadership proved that bankrupt institutions, too, could be turned around.
The new administration now bore the responsibility for sustaining the successful operation, the NFF said, adding that the party expected the continuation of work undertaken by Minister Weerawansa. The NFF pointed out that Lanka Phosphate Company undertook production of organic fertiliser during an initial Covid-19 eruption and was aiming to expand its operation. Had the company achieved success valuable foreign exchange could have been saved, the party said, estimating annual expenditure on fertiliser imports at Rs 33 bn.
The phosphate project has been under the Geological Survey and Mines Bureau since its inception in 1974. Having set up a Phosphate company in 1991 and an abortive attempt was made in 2000 to sell it off to a private company, the NFF said, pointing out that since then the enterprise remained under the Industries Ministry. However, the previous government brought it under the Agriculture Ministry as the then minister in charge of portfolio Duminda Dissanayake represented the area where the Eppawela phosphate deposit was, the NFF said.
After the change of government in 2019, Lanka Phosphate Company was brought back under the Industries Ministry, the NFF said.
Minister Weerawansa explained measures taken by him to transform the loss-making venture and manage the operation in a way that brought benefits to the farming community.
He said that at the time of the issuance of the gazette they were planning to launch a new product Biogenic Microbial Phosphate as part of the overall development of the enterprise. The former JVP heavyweight denied accusations that he interfered with the management or in any other way hindered the smooth running of the operations.
The NFF said that it wouldn’t worry over the transferring of Lanka Phosphate Company to the Agriculture Ministry though some believed that the development should be examined against the backdrop of emerging differences between the ruling Sri Lanka Podujana Peramuna (SLPP) and its constituents. Minister Weerawansa last week joined seven other lawmakers to issue a statement condemning the General Secretary of the SLPP Attorney-at-Law Sagara Kariyawasam for demanding Energy Minister Attorney-at-Law Udaya Gammanpila’s resignation over hike in fuel prices.
The NFF said that the government at least didn’t inform the party of the intended change. It could have been handled in a much better way, the party said, urging the SLPP administration to be mindful of the relationship among the constituents.
News
President chairs 2027 Pre-Budget talks on Agriculture Ministry
A discussion to review the progress of projects being implemented under the 2026 budget allocations for the Ministry of Agriculture, Livestock, Land and Irrigation, and to consider the Ministry’s budgetary requirements for 2027, was held on Tuesday (07) morning at the Presidential Secretariat under the chairmanship of President Anura Kumara Dissanayake.
During the meeting, the progress of projects implemented in 2026 by institutions under the Ministry, including the Department of Agriculture, the Department of Agrarian Development, the Department of Export Agriculture and the Institute of Post-Harvest Technology (IPHT), was reviewed individually. Attention was also focused on institutions requiring restructuring to enhance efficiency and effectiveness.
The President instructed that all irrigation projects maintained by various institutions, departments and local authorities should be regulated through a single district-level unit. He also directed that irrigation rehabilitation projects being implemented across the island be comprehensively mapped.
Emphasising the need to maximise the utilisation of funds allocated under the 2026 Budget, the President instructed officials to further promote concessionary bank loan facilities available to young entrepreneurs in the agriculture and industrial sectors.
The President also instructed officials to submit a report containing proposals for the integrated and systematic management of extension services currently operating under various ministries. He further highlighted the importance of holding separate discussions on individual subject areas to ensure seamless coordination between the Provincial Councils and the Central Government.
The President also directed officials to submit new proposals and projects aimed at promoting export agricultural crops and increasing the value of related products.
The meeting also reviewed projects launched in recent years with foreign loan assistance. As many had exceeded their scheduled completion dates, the President instructed officials to expedite their completion. He further emphasised that, in future, no project financed through foreign loans should be approved without a clear understanding of its intended outcomes.
It was also noted that the Government had incurred a significant financial burden due to the failure to complete certain projects initiated in previous years within the stipulated timeframe. Accordingly, it was decided to review projects that had not been completed on schedule.
The discussion also highlighted the importance of replacing outdated projects and programmes that have continued for many years without delivering tangible results with more productive agricultural programmes.
Minister of Agriculture, Livestock, Land and Irrigation K.D. Lalkantha; Minister of Labor and Deputy Minister of Finance and Planning Dr. Anil Jayantha Fernando; Deputy Minister of Agriculture and Livestock Namal Karunaratne; Deputy Minister of Land and Irrigation Aravinda Senarath; Secretary to the President Dr Nandika Sanath Kumanayake; Secretary to the Treasury and Ministry of Finance, Planning and Economic Development, Dr.Harshana Suriyapperuma; Senior Additional Secretary to the President Kapila Janaka Bandara; Secretary to the Ministry of Energy and Senior Additional Secretary to the President Russell Aponsu; Secretary to the Ministry of Agriculture, Livestock, Land and Irrigation D.P. Wickramasinghe; and officials of the Ministry of Finance, Planning and Economic Development and the Ministry of Agriculture, Livestock, Land and Irrigation were also present at the discussion.
News
Committee Appointed to investigate unrest at Negombo Prison
A Committee of Inquiry was appointed on Tuesday (07) by Secretary to the President Dr Nandika Sanath Kumanayake, with Cabinet approval, to conduct a comprehensive investigation into the unrest that occurred at Negombo Prison on 5 and 6 July and to report on the circumstances that led to the incident.
The Committee is chaired by retired Supreme Court Judge Priyantha Fernando. Its other members are Additional Solicitor General and President’s Counsel Milinda Gunatilake and President’s Counsel Mohan Weerakoon. Senior Assistant Secretary to the President K.L.D. Asela has been appointed Secretary/Convener of the Committee of Inquiry.
News
“Badhu Shakthi 2026” National Tax Week begins
The inaugural ceremony of “Badhu Shakthi 2026” (“බදු ශක්ති 2026”) National Tax Week, organised by the Revenue Administration Reform and Modernisation Unit of the Presidential Secretariat with the objective of strengthening State revenue generation and accelerating the country’s future development process, was held on Monday (06) morning at the Presidential Secretariat under the patronage of Speaker Dr Jagath Wickramaratne.
“Badhu Shakthi 2026” is a year-round national programme aimed at transforming the negative public perception of taxation into a positive one while fostering a culture of voluntary tax compliance. To mark its commencement, a National Tax Week will be observed across the island from 6 to 10 July.
A nationwide media and public awareness campaign will be conducted in parallel, including the distribution of leaflets and a range of promotional activities designed to educate the public directly and encourage greater tax compliance.
Addressing the inaugural event, Speaker Dr Jagath Wickramaratne stated that “Badhu Shakthi 2026” is not simply a tax collection campaign but a national initiative aimed at cultivating responsible citizens who love their country.
Further elaborating, the Speaker said:
“Today marks a significant milestone in our country’s future development and economic stability. The strength and sustainability of any sovereign nation depend on its economic independence. Taxation is one of the key instruments for strengthening State revenue and driving national development.
However, taxation has long been viewed negatively by many people. That perception was largely shaped by those responsible for collecting taxes and by successive administrations. When people develop a sense of national responsibility, their attitudes begin to change. For many years, taxes were regarded as a burden. History has shown us that tax evasion occurred on a significant scale, and it must be acknowledged, however reluctantly, that such practices often enjoyed political patronage.
In the past, the public had little understanding of how their tax contributions were utilised. Taxpayers lacked a clear vision of the benefits derived from the taxes they paid. The present Government has succeeded in changing this situation by fostering a more positive public attitude towards taxation. I wish to pay tribute to all taxpayers who contribute towards the Government’s national development agenda.
Today, people have confidence that the taxes they pay are being put to good use. Expressways, highways and power infrastructure projects are now being implemented using domestic funds. There is a sense of pride among the public that construction of the Kandy Expressway has commenced without obtaining loans from any external source. Cabinet approval has also been granted to commence work on the Kurunegala–Galewela Road.
Today, Sri Lanka has grown stronger as a nation capable of financing development activities through domestic resources rather than relying on foreign borrowing.
In ancient times, the country’s great stupas, reservoirs and irrigation networks were built through the collective contribution of the people. Likewise, Sri Lanka can become a prosperous and developed nation only through collective effort. The taxes collected today are being utilised for the welfare of the people. This was clearly demonstrated when the Government allocated Rs. 500 billion in response to Cyclone Ditwah. In addition, substantial benefits are now being provided to the public through the President’s Fund. Educational assistance is being extended to schoolchildren across every corner of the country. All of these initiatives are being financed through domestic resources.
It is essential that the public are made aware of the real benefits derived from tax revenue and of the development projects being implemented. This will strengthen public confidence in the transparent use of tax revenue. The primary objective of this national programme is to broaden the country’s tax base, improve tax compliance, reduce tax evasion and foster a positive attitude towards taxation. If everyone pays their fair share of taxes, the tax burden borne by others can be reduced.
We do not build a beehive with a single bee. It is created through the collective effort of thousands of bees, making it a remarkable achievement. Likewise, ‘Badhu Shakthi 2026’ is not merely a tax collection campaign. It is a national movement to cultivate responsible citizens who love their country. I extend my sincere appreciation to everyone who has dedicated themselves to making this important initiative a success.”
Labour Minister and Deputy Minister of Finance and Planning Anil Jayantha Fernando:
Labour Minister and Deputy Minister of Finance and Planning Dr. Anil Jayantha Fernando said that a proper understanding of taxation among citizens would enable Sri Lanka to make greater progress towards economic and social transformation.
He noted that while individuals naturally pursue their own personal goals and aspirations, many of these objectives cannot be achieved in isolation. The success of any society depends on cooperation and collective effort.
He further stated:
“Today, paying taxes has become a much simpler process. As a result, tax collection is now carried out more efficiently and systematically. At the same time, the Government recognises its responsibility to ensure that tax revenue collected fairly is managed prudently and utilised for the benefit of society. If the Government fails to demonstrate sound financial discipline, people will lose confidence and become reluctant to pay taxes. This was evident in the past.
Accordingly, the Government has introduced a tax administration system founded on strong fiscal discipline. We will not tolerate fraud, corruption or waste. If we are to rebuild this country, every citizen must contribute willingly and with a sense of national responsibility. This should not be driven solely by legal obligation. We are confident that the people of Sri Lanka will fulfil this responsibility.”
Deputy Minister of Economic Development Nishantha Jayaweera, Director General of Customs Wimal Liyanagama, Director General of Excise M.B.N.A. Premaratne, and Commissioner General of Inland Revenue Rukdevi Fernando also addressed the gathering.
Among those present were Director General of Public Relations to the President Dharmasiri Gamage, senior officials of the Presidential Secretariat, the Ministry of Finance, Sri Lanka Customs, the Department of Excise, the Inland Revenue Department, as well as taxpayers and other invited participants.
-
News4 days agoSingapore-based Buddhist monk marks nearly four decades of humanitarian service
-
News5 days agoFreedom 250: US Embassy celebrates America’s 250th Independence Day through magic of American cinema
-
News6 days agoCIABOC to question Harak Kata on Rs. 200 mn bribery allegation
-
News6 days agoSLAF conducts successful rescue mission under UN command in Central African Republic
-
News3 days agoAI concerned over proposed SL military deployment in Haiti
-
News6 days agoUNEP support pledged to strengthen Sri Lanka’s Environmental Priorities
-
Business6 days ago‘Dialog Air Fibre powers a new era of Ultra Fast Home WiFi’
-
Features4 days agoThe NPP’s New Challenge: Balancing Easter Lawfare and Economic Welfare
