Media Minister dismisses speculation on moves to sell SLRC

31 October 2022 05:15 am Views - {{hitsCtrl.values.hits}} 11 Bookmark

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While denying speculations on moves to privatise State-owned and loss-making Sri Lanka Rupavahini Corporation (SLRC), Mass Media Minister Bandula Gunawardana said a proposal has been submitted to the Cabinet to lease out a land block owned by SLRC to a State-owned higher educational institute.

“We received SLRC as a gift from the Japanese government. We will not sell Rupavahini. However, the current debt of SLRC has risen to Rs.1 billion.

With rising debt levels, the interest cost is also rising, thereby, we are struggling to continue operations of SLRC,” Gunawardana stressed.

As the government is engaged in a national programme to reform SOEs, he said a proposal has been submitted to lease out an underutilised land block owned by SLRC to a State-owned higher education institute for 30 years.

Comments - 11

Sam Monday, 31 October 2022 08:06 AM

don't see how leasing from one loss maker to another will help the national problem much. If it runs at a loss, stop it or sell it. Plenty of other tv channels these days.

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tilak Monday, 31 October 2022 09:05 AM

With 225 brilliant people in government, show me one SOE that is making a profit

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Jude Monday, 31 October 2022 09:06 AM

Sell the damn thing!! Government wants free propaganda, biased opinion, and control of media!!

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BuffaloaCitizen Monday, 31 October 2022 09:22 AM

Leasing out that land of SLRC does not sort any issue. It only brings in resources for those who are robbing to abuse again. After that, what? Daisy archie or Bandula's grandmother are going to make another donation to SLRC? Utter bullshit Minister. No need to sell SLRC, but the Management of this institute needs to outsourced giving them targets and total independence on making it profitable. All those hench-aiya's in Rupavahini should be kicked out by this new Management. New Policies outlined keeping out all Politicians.

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BuffaloaCitizen Monday, 31 October 2022 09:22 AM

Leasing out that land of SLRC does not sort any issue. It only brings in resources for those who are robbing to abuse again. After that, what? Daisy archie or Bandula's grandmother are going to make another donation to SLRC? Utter bullshit Minister. No need to sell SLRC, but the Management of this institute needs to outsourced giving them targets and total independence on making it profitable. All those hench-aiya's in Rupavahini should be kicked out by this new Management. New Policies outlined keeping out all Politicians.

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European Monday, 31 October 2022 12:12 PM

Who said Europeans are ugly?

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Sri Wickrema Monday, 31 October 2022 01:35 PM

Now the journey of govt media institutions such as SLRC, SLBC, ITN and Lake House has come to an end. No more public interest in them. There is hardly any chance to revive.

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GHT Monday, 31 October 2022 02:00 PM

Mr. Minister, don't you know that the US's IMF has ordered to privatize the Educational, Health sectors including other government institutions before bailout of planned $2.9 Billion?

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Polle gemmba paddikam katta Rs 2500 man Monday, 31 October 2022 02:24 PM

This is a no 1 another thief always he tried to fullfil his pocket by stealing peoples money. He said by 2500 rupees a family can survive. Why he can not do it before telling to the people. He speaks like this with his corocodile mouth

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hoodwinker Tuesday, 01 November 2022 01:24 AM

It will be GOOD NEWS, if all state owned TV and Radio stations are privatised. No more blowing your own trumpet, no bribing and many more .

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Sambo Tuesday, 01 November 2022 08:48 AM

Every department and corporation run by the state is a total loss in this country. Why is that?

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