• About us
  • Contact us
Thursday, March 30, 2023
No 1 epaper in Sri Lanka
  • News
  • Politics
  • Sports
  • Foreign
  • Entertainment
  • Business
  • Political Analysis
  • Inside Politics
  • EPAPERPDF
  • සිංහලSINHALA
No Result
View All Result
  • News
  • Politics
  • Sports
  • Foreign
  • Entertainment
  • Business
  • Political Analysis
  • Inside Politics
  • EPAPERPDF
  • සිංහලSINHALA
No Result
View All Result
Mawratanews.lk | Sri Lanka Latest Sinhala News and Headlines
No Result
View All Result
Home News

President hits out at PUCSL Chairman

December 8, 2022
in News
A A
President hits out at PUCSL Chairman

Whilst stating that authority of revising electricity tariffs is vested with the Power and Energy Minister and the Cabinet, President Ranil Wickremesinghe today requested Parliament to decide whether an inquiry should be conducted against the Chairman of the Public Utilities Commission (PUCSL).

Speaking in Parliament, the President said there was a conflict of interest when it came to PUCSL.

“The Chairman of PUCSL owns the leading real estate group Trillium Ltd. There are a number of companies under this group namely Trillium Havelock Residencies, and Trillium Negombo Villas. I would have gone against the tariff hike if I owned real estate companies. I have received many compliments against the PUCSL. It is Parliament which has the authority to take action against him. Therefore I request the House to debate it and come to a decision,” the Present said.

“Authority of revising electricity tariffs is vested with the Power and  Energy Minister and the Cabinet as per the Public Utilities Bill and the Electricity Act. No one likes to increase power tariffs but we have to do it. We have to make unpopular decisions for the sake of the country. Sri Lanka is in a crisis today as a result of our failure to make unpopular decisions. We have to find Rs 400 billion to save the Electricity Board” he added.

The President also sought the assistance of the House to save the local banking network. 

“Banks won’t survive if they can’t acquire the assets of debtors who have defaulted. We need the assistance of the Public Finance Committee for this purpose,” he said.

The President said he would make arrangements for the MPs who are members of the Executive Council to meet officials of the IMF, ADB and World Bank and discuss Sri Lanka’s economic crisis

Share50Tweet32SendShare13
Previous Post

Singer Nuwan Gunawardana no more

Next Post

BMICH says no to Human Rights Day conference tomorrow

MORE NEWS

A tremor was reported in the sea near Beruwala. There is no tsunami warning!
News

A tremor was reported in the sea near Beruwala. There is no tsunami warning!

March 30, 2023
DIG Nalaka Silva, who was arrested and imprisoned for plotting to kill Gota and Maitri, has been reinstated!
News

DIG Nalaka Silva, who was arrested and imprisoned for plotting to kill Gota and Maitri, has been reinstated!

March 30, 2023
The rupee has fallen for the fifth day in a row!
News

The rupee has fallen for the fifth day in a row!

March 30, 2023
It is a serious crime not to hold elections! It has no place in a country! The election may take place in August! Former EC discusses the LG vote! VIDEO
News

It is a serious crime not to hold elections! It has no place in a country! The election may take place in August! Former EC discusses the LG vote! VIDEO

March 30, 2023
Hearing on Mahinda Siriwardana’s contempt of court case has been rescheduled for May 22nd.
News

Hearing on Mahinda Siriwardana’s contempt of court case has been rescheduled for May 22nd.

March 30, 2023
Professional unions will take trade union action on April 3rd.The final letter to the President will be delivered today.
News

Professional unions will take trade union action on April 3rd.The final letter to the President will be delivered today.

March 30, 2023
Load More
Leave Comment

Free Newsletter

Register for our weekly epaper for latest news updates.

MORE NEWS

ComBank launches LankaPay cards in Sri Lanka
Business

ComBank launches LankaPay cards in Sri Lanka

March 30, 2023

Sri Lanka’s payment cards domain took a giant leap today when...

Read more
Revamped and refurbished Fashion Bug Bandarawela outlet offers customers an enhanced shopping experience

Revamped and refurbished Fashion Bug Bandarawela outlet offers customers an enhanced shopping experience

March 30, 2023
Butterflies and dinosaurs, spaceships and girl-power this avurudu – Tropic Of Linen drops its most fun collection yet!

Butterflies and dinosaurs, spaceships and girl-power this avurudu – Tropic Of Linen drops its most fun collection yet!

March 30, 2023
A tremor was reported in the sea near Beruwala. There is no tsunami warning!

A tremor was reported in the sea near Beruwala. There is no tsunami warning!

March 30, 2023
DIG Nalaka Silva, who was arrested and imprisoned for plotting to kill Gota and Maitri, has been reinstated!

DIG Nalaka Silva, who was arrested and imprisoned for plotting to kill Gota and Maitri, has been reinstated!

March 30, 2023
The rupee has fallen for the fifth day in a row!

The rupee has fallen for the fifth day in a row!

March 30, 2023
Load More

One of the best Sri Lanka Latest News Website and Sinhala language newspaper with Sunday editions, published by Free Media Independent Networks Pvt Ltd.

Browse by Category

  • Business
  • Entertainment
  • Foreign
  • Gurudawa
  • My Serendib
  • News
  • Politics
  • Rajya Rahas
  • Sports
  • Uncategorized

Latest news

ComBank launches LankaPay cards in Sri Lanka

ComBank launches LankaPay cards in Sri Lanka

March 30, 2023
Revamped and refurbished Fashion Bug Bandarawela outlet offers customers an enhanced shopping experience

Revamped and refurbished Fashion Bug Bandarawela outlet offers customers an enhanced shopping experience

March 30, 2023

Free Newsletter

Register for our weekly epaper for latest news updates.
  • About us
  • Contact us

Copyright © 2019 -2021 Free Media Independent Networks Pvt Ltd, All Rights Reserved.

No Result
View All Result
  • News
  • Politics
  • Sports
  • Foreign
  • Entertainment
  • Business
  • Political Analysis
  • Inside Politics
  • EPAPER
  • සිංහල

Copyright © 2019 -2021 Free Media Independent Networks Pvt Ltd, All Rights Reserved.

Go to mobile version