2024-07-12
News Categories : Committee News
The Committee on Public Enterprises disclosed that a 6-acre land belonging to the Urban Development Authority located at James Peiris Mawatha, Colombo 02 was leased for 12 billion rupees for 99 years in 2019 without the approval of the Board of Directors. when drafting the lease agreement related to this land, it was disclosed that in addition to the lease conditions submitted and approved by the Board of Directors, other conditions were included that has not been approved by the Board of Directors.
However, it was disclosed at the Committee on Public Enterprises (COPE) that disciplinary investigations are underway against the Legal Director regarding the drafting of the relevant agreements and the development of the particular land has been at a halt thus far.
Details pertaining to the said matter was disclosed when the Committee on Public Enterprises met in Parliament recently (Jul. 9) under the Chairmanship of Hon. Rohitha Abeygunawardana, Member of Parliament.
Furthermore, it was also disclosed that the Authority had to bear a loss of 330 million rupees due to the leasing of 2 acres 2 roods and 21.4 perches land bordering Fort D. R. Wijewardana Mawatha owned by the Urban Development Authority without the formal approval of the Board of Directors. Accordingly, the Chair instructed the officials to send a formal report on these incidents to the Committee within two weeks.
Presenting facts, the officials of the National Audit Department pointed out that they have identified the problematic situations in the accounting system of the Urban Development Authority. The officials pointed out that the manner in which the values of the project lands owned by the Authority have been assessed is also questionable. The officials of the audit department pointed out that the ownership of the land on which the Parliament complex stand is still held by the Urban Development Authority and gave instructions to transfer ownership of the land to the Parliament. Addressing the Committee, the Chair of the Committee instructed to send a complete report containing all the details of all the investment lands owned by the Urban Development Authority to the Committee within two weeks.
The Urban Development Authority has completed 13,602 houses in 22 housing projects using 48,156 million government funds under the Urban Revitalization Program for ghetto dwellers living around Colombo. However, the officials of the audit office pointed out that 66 houses in such apartment complexes still remain vacant. Officials of the Urban Development Authority stated that measures will be taken to settle the owners of the vacant houses as soon as possible. However, the officials of the audit office pointed out that the condominium management certificate has been obtained for only one housing project out of the completed housing projects. As a result, it was disclosed that the Urban Development Authority has borne a sum of 667.6 million rupees for the maintenance of houses in 2023 and up until May 2024. Accordingly, the officials pointed out that after transferring the ownership of the houses to the relevant personnel, the responsibility of maintaining the houses will be removed from the Urban Development Authority.
Furthermore, the attention of the Committee was also drawn to the fact that not enough attention has been paid to provide facilities for parking the vehicles of the people who come to Colombo on a daily basis. The Committee pointed out that the work of the 2 parking garages proposed to be built by the authority itself was stopped in the middle of the year 2021 and so far, 230 million rupees have been spent. Accordingly, the Urban Development Officers informed the committee that the construction work has started to complete the work in such a way that these 2 car parks can be used in their current condition.
State Minister Hon. Indika Anuruddha Herath, Member of Parliament Hon. Dayasiri Jayasekara, Hon. Madhura Withanage, Hon. Sanjeeva Edirimanna, Hon. (Major) Sudarshana Denipitiya, Hon. Upul Mahendra Rajapaksha and Hon. Premnath C. Dolawatte, government officials were present at this Committee meeting held.
2025-11-22
Approval of the Committee was granted for eight reports that must be approved by CoPF under the Ministry of Finance Act The overall financial performance up to September 2025 of the major revenue-generating institutions under the Ministry of Finance was reviewed at the meeting of the Committee on Public Finance. This review took place on the Nov. 20th, when the Committee on Public Finance, chaired by Hon. Member of Parliament Harsha de Silva, met in Parliament. Accordingly, officials representing the Inland Revenue Department, the Sri Lanka Excise Department, and the Sri Lanka Customs presented the progress of their respective institutions for review. Officials representing the Public Debt Management Office also provided clarifications regarding the Medium-Term Debt Management Strategy for the period 2026 - 2030 and the borrowing plan for 2026. Furthermore, officials representing the Board of Investment of Sri Lanka explained the progress of the institution. During this discussion, foreign direct investment was reviewed, and officials pointed out that from January to September 2025, USD 827 million in foreign direct investment had been received. Accordingly, the Committee observed that the Board of Investment and other institutions should take effective measures to ensure that foreign investment continues to grow steadily over the coming years. Furthermore, approval was granted for eight reports that must be approved by the Committee on Public Finance, prepared in accordance with the provisions of the State Finance Management Act No. 44 of 2024. Hon. Deputy Ministers Chathuranga Abeysinghe and Nishantha Jayaweera, as well as Hon. Members of Parliament Ravi Karunanayake and Chithral Fernando, Attorney at Law, together with several others, attended this meeting.
2025-11-22
The document pertaining to the proposed draft Bill of the Microfinance and Credit Regulatory Authority, which is scheduled to be presented to Parliament upon Cabinet approval in the future, was extensively discussed at the Sectoral Oversight Committee on Economic Development and International Relations, Members of the Sub Committee under the Ministerial Consultative Committee on Rural Development, Social Security and Community Empowerment established to identify future steps to resolve the microfinance debt issue, and the Women Parliamentarians' Caucus. This discussion took place on the Nov. 20th, when the Committees met in Parliament under the chairmanship of Hon. Members of Parliament Lakmali Hemachandra, Attorney at Law and Samanmalee Gunasinghe. A group of officials from the Central Bank of Sri Lanka and the Legal Department of the Treasury were also in attendance. Presenting their views, the officials stated that the initial draft related to this proposed Bill was published in January 2024. They further noted that petitions had been filed before the Supreme Court of Sri Lanka regarding the said draft, and that the new draft has been prepared including the amendments ordered to be incorporated by the Supreme Court, the Committee Stage amendments submitted by the Ministry of Finance to the Supreme Court, as well as other policy-related amendments, and the Gazette has now been prepared accordingly. It was stated further that the Bill is expected to be presented to the Tenth Parliament. Accordingly, the officials stated that the objective of the Bill is to establish the Microfinance and Credit Regulatory Authority of Sri Lanka, to regulate the business of money lending and microfinance business, to provide protection to customers of such services, and to repeal the Microfinance Act No. 6 of 2016. The composition of the Board of Directors of this Regulatory Authority was also discussed during the meeting. Hon. Member of Parliament Lakmali Hemachandra, Attorney at Law pointed out that the absence of a member representing the customers of the microfinance business within the Board composition was concerning. It was also highlighted by the Hon. Members that women have been disproportionately affected due to the lack of regulation in the microfinance sector, and therefore the importance of having a Board member representing women was emphasized. Accordingly, the view of the Hon. Members was that a representative from the National Commission on Women, or the Ministry of Women and Child Affairs, or the Secretary to the line Ministry should be appointed as a member of the Board of Directors. Meanwhile, various other matters contained in the draft Bill were also discussed at length. It was stressed that the purpose of the Bill should be to prevent the social crisis and harm that have arisen at ground level due to the operation of microfinance lending activities without any form of regulation. Accordingly, the Committee instructed the officials to incorporate the necessary amendments into the Bill that is to be introduced in the future. The officials stated that such amendments may be introduced at the Committee Stage of the Bill. Members of the Sectoral Oversight Committee on Economic Development and International Relations, members of the Women Parliamentarians’ Caucus of the Parliament of Sri Lanka, Members of the Sub Committee under the Ministerial Consultative Committee on Rural Development, Social Security and Community Empowerment established to identify future steps to resolve the microfinance debt issue, and several officials participated in this meeting.
2025-11-21
Hon. Minister of Women and Child Affairs, Saroja Savithri Paulraj stated that creating a society with an elevated mindset capable of serving humanity as human beings is the objective of the politics of the government. The Hon.Minister made these remarks during a meeting with representatives of the Eastern Social Development Foundation. She made these remarks on the occasion of the Women Parliamentarians’ Caucus in Parliament held in Parliament recently, (Nov. 17) to discuss improving the political inclusion of women’s groups who do not have representation in local politics. Attention of the Women Parliamentarians’ Caucus was also drawn to further expanding the possibility of obtaining nominations in a manner that represents special population groups living in the country. Furthermore, activities and the future work plan to be carried out under the leadership of the Women Parliamentarians’ Caucus to support the global 16 Days of Activism against Gender-Based Violence (GBV) from November 25 to December 10 were also discussed with representatives of the United Nations Population Fund (UNFPA). Members of the Caucus Hon. Deputy Chairperson of Committees Hemali Weerasekara, Samanmali Gunasingha, Krishnan Kalaichelvi, A.M.M.M. Rathwaththe, Hiruni Wijesinghe, Attorney at Law, Hasara Liyanage, Attorney at Law, Lakmali Hemachandra, Attorney at Law, Geetha Herath, Attorney at Law, and Thushari Jayasingha, Attorney at Law were present at this meeting held.
2025-11-20
The Ministry of Public Administration, Provincial Councils, and Local Government was recently summoned to the Committee Appointed to Review Non-implementation of the Recommendations of the Parliamentary Committees to inquire into the delays in implementing the recommendations made by the Committee on Public Petitions of Parliament. This matter was considered when the above committee met in Parliament on the Nov. 13th under the chairmanship of Hon. Minister Harshana Nanayakkara, Attorney-at-Law. Accordingly, the officials presented at the committee pointed out the practical problems that exist in implementing some of the said recommendations. The Committee was also informed that steps have already been taken to implement some of the recommendations. However, it was decided that the petitioner's views should also be sought regarding the problems arising in the implementation of certain recommendations, and accordingly, it was decided to summon the petitioners to the Committee on another date. The meeting was attended by the Hon. Deputy Minister Sunil Watagala, Attorney-at-Law, Hon. Members of Parliament Ravi Karunanayake, Ajith P. Perera, Attorney-at-Law, and Oshani Umanga
Handbook of Parliament
The System of Elections in Sri Lanka
How Parliament Works
Business of Parliament
Copyright © The Parliament of Sri Lanka.
All Rights Reserved.
Design & Developed by TekGeeks
