Newly appointed Acting Chief Executive Officer of SriLankan Airlines, Vipul Misra, held a special meeting with Deputy Minister of Civil Aviation Janitha Ruwan Kodithuwakku at the airline’s headquarters recently (15).

The meeting, attended by Ministry of Civil Aviation Secretary W.W.S. Mangala, focused on restructuring SriLankan Airlines, improving operational efficiency, and rebuilding public confidence in the national carrier.

According to the Ministry, during the meeting, Deputy Minister Kodithuwakku stressed that SriLankan Airlines is a national asset and cannot continue as a loss‑making enterprise. 

He said the new management, working with transparency and professionalism, must transform the airline into a profitable institution.

The Deputy Minister further assured that both he and the government are prepared to provide the necessary political leadership to achieve this goal, adding that SriLankan Airlines must become an institution accountable to the public, as it is maintained with public funds. (Newswire)

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SriLankan Airlines is continuing to operate without permanent leadership in its top two positions, raising concerns over governance and strategic direction at a time of heightened global uncertainty driven by the Middle East crisis.

The state-owned carrier has been without a confirmed full-time Chairman and Chief Executive Officer, with interim arrangements in place instead of long-term appointments.

The Government has yet to take a decision on the Chairman position following the resignation of Sarath Ganegoda in March, while the key position of Chief Executive Officer — the most critical role responsible for the day-to-day running of the organisation — has remained unfilled on a permanent basis for more than a year, raising serious concerns.

According to the airline’s own public information pages, Dimal Arandara is listed as the current Acting Chairman, while Yasantha Dissanayake is serving as Acting Chief Executive Officer.

The CEO role has effectively been in acting capacity since March 2025, while the Chairman position has been held on an acting basis since 31 March 2026.

The leadership vacuum comes as the airline navigates complex operational and financial challenges, including volatile fuel prices, route adjustments, and shifting passenger demand linked to geopolitical tensions in the Middle East.

Industry analysts note that the absence of permanent leadership at both board and executive levels can affect long-term planning, investor confidence, and critical decision-making, particularly during periods of global instability.

Airlines worldwide are currently facing pressure from rising costs, airspace disruptions, and risk assessments tied to ongoing conflicts in the Middle East, which have already forced several carriers to reroute flights and review schedules.

SriLankan Airlines reported a Group loss of LKR 2,735 million for the 2024/25 financial year.

By August 2025, the airline’s accumulated losses had reached more than Rs. 632 billion, leaving it technically insolvent and placing a significant burden on taxpayers.

Observers have also raised concerns over governance, noting that prolonged uncertainty in leadership has contributed to a lack of clear strategic direction. (Newswire)

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Nestle has abruptly dismissed its CEO Laurent Freixe for failing to disclose a romantic relationship with a subordinate, the Swiss food giant said on Monday, a dramatic removal exactly a year after he took the reins.

The maker of products ranging from KitKat to Nesquik said that it had appointed veteran insider Philipp Navratil, who had headed the Nespresso coffee unit, as Freixe’s successor with immediate effect.

The shock departure threatens more volatility for Nestle amid a tough consumer environment and the disruptive US trade tariffs.

Nestle said Freixe’s departure follows an investigation overseen by Chairman Paul Bulcke and Lead Independent Director Pablo Isla into an undisclosed romantic relationship with a direct subordinate, which breached the company’s code of business conduct.

“This was a necessary decision,” Bulcke said in a statement. “Nestle’s values and governance are strong foundations of our company. I thank Laurent for his years of service.”

The firm announced in June that Bulcke, its long-standing chairman, would stand down next year.

A company spokesman told Reuters concerns about a possible relationship between Freixe and a direct report first emerged in the spring through an internal company hotline. The board of directors immediately opened an investigation into the matter, which was however inconclusive, this person added.

As the concerns persisted, the company launched a second probe, overseen by Bulcke and Isla and with the help of an external firm, which confirmed the relationship. Freixe had initially denied the relationship to the board, the spokesperson added.

The ousted executive will not receive an exit package after his dismissal, Nestle told Reuters.

The CEO’s abrupt removal comes exactly one year after Nestle ousted his predecessor Mark Schneider, raising questions on its next course of action even though the company said it would not change course on strategy and targets.

“This new change is likely to keep afloat the question mark about the mid-term direction of the company,” JP Morgan analysts said in a note to clients.

Nestle shares have fallen 17% over the past year, lagging its rivals and the broader market.

The sudden exit is the latest management reshuffle at a global consumer goods and food company this year, including Nestle rival Unilever, Diageo and Hershey.

Top management’s conduct has come under intense scrutiny, particularly in the United States. Kohl’s fired CEO Ashley Buchanan in May after an investigation found he had pushed for deals with a vendor with whom he had a personal relationship, after little more than 100 days in the position.

And Astronomer CEO Andy Byron resigned in July after being caught on camera embracing a staffer at a Coldplay concert.

Navratil began his career with Nestle in 2001 as an internal auditor. After holding various commercial roles in Central America, he was appointed country manager for Nestle Honduras in 2009.

He assumed leadership of the coffee and beverage business in Mexico in 2013, and transitioned to Nestle’s Coffee strategic business unit in 2020.

He moved to Nespresso in July 2024, and joined the Nestle executive board on January 1 this year. (Reuters)

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A top chief executive has been accused of snatching a child tennis fan’s hat at the US Open – with his firm now facing negative online reviews.

Viral video footage revealed the moments after Polish player Kamil Majchrzak went to the crowd after the biggest win of his career.

The 29-year-old defeated ninth seed Karen Khachanov in a marathon five-set thriller on Thursday – and then was filmed removing his cap and trying to hand it to a child in the crowd on Court 11.

But in ugly scenes, a man – named as Piotr Szczerek, a millionaire CEO – standing next to the boy reached out, grabbed the cap and stuffed it into his bag.

That left the youngster looking crestfallen and asking, ‘What are you doing?’ as Majchrzak walked away, unaware of what had just happened.

Now there has been a rising backlash against the hat grabber.

And there appeared online a lengthy statement in his defence, by someone purporting to be the businessman’s lawyer.

Yet that was later deleted, with the legal official telling people he had been misrepresented. 

The clip of the hat snatch has sparked fury online, with fans branding the unidentified man ‘selfish’ and ‘a jerk’ for stealing a moment that should have belonged to a child.

Majchrzak moved to put things right on Friday, taking to Instagram to appeal for help in finding the boy. 

‘After the match I didn’t record that my cap didn’t get to the boy,’ he wrote. ‘Thanks to @asicstennis I’ve got enough caps, so I’m prepared for that.

‘Hey guys, could you help me find the kid from my match. If it’s you (or your parents see this), please send me a DM.’

Just hours later, the Polish star confirmed the boy had been located. Sharing the same pictures of the incident on his story, he added: ‘I am impressed by the power of the internet. We got it! All good now.’ 

Now focus has turned to who seized the cap from the child in the first place, with many pointing the finger at an entrepreneur.

Comments online have included ‘What a pathetic thing to do’, ‘Imagine being grown and snatching from a kid’ and ‘

Another critic wrote: ‘That is called stealing property that doesn’t belong to you, and that is no man a coward, a bully, and a cheat taking from a child?? New low.’

And yet there appeared a supposed defence of the hat grabber’s actions, from someone posting on website Go Work claiming to be the CEO’s legal representative.

A lengthy post on LinkedIn, purporting to be by a Swedish legal firm’s partner, insisted that the filmed ‘actions were neither unlawful nor reprehensible’.

The online comment added: ‘On the contrary – they can be understood as an educational gesture and a form of teaching for a young person.

‘First of all, the cap was not of such value that one could speak of any “loss”.

‘It was an everyday item, which ultimately was handed over to the child. Thus, the child was not deprived of the item but received it.

‘Secondly, the very act of temporarily taking the cap and then giving it back can be interpreted as a lesson in respect for gifted items.

‘It was therefore not about “taking away”, but about highlighting the importance of looking after what one is given.

‘In this sense, the incident takes on the character of symbolic upbringing through experience – the child, instead of passively receiving an item, was engaged in a situation that taught greater awareness and gratitude.

‘For this reason, portraying the entire event in negative terms is not only incorrect but also unfair.’

The message claimed the man shown ‘did not commit a wrongful act; rather, he set an example that even small situations can be used as a teaching moment and as an opportunity to talk about how to take care of things that are given to us.’

The statement ended by declaring: ‘Let your outrage ring out as much as it wants. It makes no difference to us.

‘We set the rules of the game, because we have the means, the knowledge, and the position.’

A post on the quoted lawyer’s LinkedIn page later said: ‘In connection with the publicly appearing statements about the incident with the cap at the US Open, I would like to inform you: I do NOT have an account on GoWork, and the opinions published there under my name are NOT my opinions.

‘I have taken legal action to block this content.’ 

There have been negative responses online, including on the Go Work site in response to the now-deleted lengthy statement: ‘One of the worst companies, not worth wasting your money.’

The Daily Mail has approached those involved for comment. (Daily Mail)

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International Cricket Council (ICC) CEO Geoff Allardice has arrived in Sri Lanka, in the backdrop of the ICC ban imposed on Sri Lanka Cricket. 

Geoff Allardice met Minister of Sports Harin Fernando today (Jan 10), during which a detailed discussion was held on the possibility of lifting the ICC ban. 

Taking to ‘X’, Sports Minister Harin Fernando said that a constructive discussion took place with the ICC CEO, which also focused on the way forward for Sri Lanka Cricket. 

According to Sports Ministry sources, the ICC CEO is also expected to meet President Ranil Wickremesinghe later today. (NewsWire)

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Sri Lanka has a final opportunity to progress and it is imperative for everyone to collaborate in creating a prosperous community for future generations, without resorting to finger-pointing, President Ranil Wickremesinghe said on Thursday (30).

According to the President’s Media Division (PMD), President Ranil Wickremesinghe made this statement during his keynote address at the ‘Economic Dialogue- IMF and Beyond’ panel discussion, which took place in Colombo this morning.

At the CEO Forum hosted by the Institute of Chartered Accountants of Sri Lanka, President Ranil Wickremesinghe expressed that the Government should surpass the IMF program and concentrate on establishing a thriving community for upcoming generations, emphasizing the Government’s dedication to this goal.

President Ranil Wickremesinghe reflected on Sri Lanka’s past missed opportunities for development, specifically highlighting the failure to implement D.S. Senanayake’s proposals and the Shenoy Report of 1965. He further added that the country’s progress was hindered by the ethnic issue of 1978, which impeded the chance to rebuild the country’s foundation for development.

He said that the ethnic issue cannot be separated from the economic issue and if the country is to prosper, this issue must be resolved.

The President highlighted Sri Lanka’s potential for a green economy and stressed the urgency for the country to embark on digitalization. He further emphasized that funding should be directed towards education, health, and social security for marginalized and underprivileged groups, rather than being spent on entities such as the Sri Lanka Petroleum Corporation, Sri Lankan Airlines, and the Ceylon Electricity Board, which have already drained a significant amount of the country’s resources.

Minister of Foreign Affairs Ali Sabry, Minister of Power and Energy Kanchana Wijesekera, Minister of State for Finance Ranjith Siyambalapitiya, Minister of State for Investment Promotion Dilum Amunugama, Members of Parliament Eran Wickramaratne, M.A. Sumanthiran, Dr. Harsha de Silva, Senior Advisor to the President on National Security and Chief of Staff to the President Sagala Ratnayake, President’s Senior Adviser on Climate Change Ruwan Wijayawardena, President’s Economic Adviser Dr. R.H.S. Samaratunga, Economic Advisor to the Ministry of Finance Deshal De Mel, Finance Ministry Secretary Dr. Mahinda Siriwardena, Central Bank Governor Dr. Nandalal Weerasinghe, and others attended the event.

The Panel discussion was moderated by Attorney at law Mohamed Adamaly and Ceylon Chamber of Commerce Chairman Vish Govindasamy, Chairman of Joint Apparel Association Forum Sri Lanka (JAAFSL) Sharad Amalean, BASL representative Attorney at law Harsha Fernando, Sri Lanka Association for Software Services Companies (SLASSCOM) Chairman Ashique M.Ali , Chartered Institute of Personnel Management Sri Lanka (CIPM) Chairman Ken Vijayakumar, President of Sri Lanka Institute of Marketing (SLIM) Nuwan Gamage, The Women’s Chamber of Industry and Commerce(WCIC) Chairperson Anoji De Silva, President of Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) Sanjaya Bandara, The Sri Lanka Institute of Directors Chairman Faizal Salieh participated in the Panel as members representing Professional Bodies and Chambers.

Following is the keynote address delivered by President Ranil Wickremesinghe;

Honourable Minister, member of the Parliament, President of the Chartered Institute, distinguished guests and friends. Minister Ranjith Siyambalapitiya gave a good description of the economic problems we face today. Therefore, I will not cover that ground again.

Today, we are having the first discussion after the announcement of the IMF program. It’s being held in a hotel, which is a symbol of our first commercial economy; the plantation economy. The British are the ones who carried the transformation from a feudal economy to a commercial economy. The first ventures in coffee collapsed. And then came the big transformation of tea, rubber, coconut and the development of the other industries services and the Colombo port.

And this is a symbol of how people would come here and discuss issues of firstly the British and later on, the Sri Lankans. So that generation in 50 years created a new economy. Now, after independence, the task has come on us to continue that work. We have done so well that today our poverty line, people living below poverty has increased from 12.5 to 25% of the population.

There are people who skip one meal. There are 500,000 who have lost their jobs. Many small and medium enterprises are on the verge of collapse. What happened? Who’s responsible? All of us are responsible for the situation we are in today. We must remember that. Whether we are the politicians, whether we are the business community, whether we are the professionals, whether we are the trade unions, whether we are the civil society and more than others, whether we are the media or we are the Government administrators, we cannot run away from that responsibility.

We must all bear that. If you still continue pointing fingers at each other, we will not succeed. But what matters to us is not merely the IMF program, but also what comes beyond that. What we have to do now is to ensure that the next generation will live in a prosperous society.

That’s all that the Government is seeking to do. The start is difficult, as the minister explained, but nevertheless we have to go along. We cannot by any mean move away from it. Our task is not merely to stabilize the economy, but to ensure growth, to grow in this new global economy, and to go ahead. These are facts that we can’t get away from.

If we are to do this, we must remember that one of the biggest issues that held back our growth is the ethnic issue. We have to think as Sri Lankans. We cannot divorce that issue from the economic issues. There are two E’s as far as I can see. And we have to address both those issues. I am not dealing with that issue now.

This is not the time or the place. But nevertheless, we have to decide. We have to acknowledge. Secondly, how do we carry on our discussions at this crucial moment? We are a democratic country. Open debate is useful and it’s good that we have members representing Government and opposition, the business community and the professions. But we have to discuss and debate these issues and the discussion must take place in the halls of discussion from Parliament downwards, not in the streets. That type of agitation is no longer suitable for a country that goes on to development. But the decision is ours to take, not for the Government to enforce. We can only ensure law and order, but otherwise, where do we hold our discussions? That’s the second issue. So from here, we have to go forward.

I will not deal with the details of the IMF package. As you all are aware, in addition to what the honourable state minister said, there are also other important objectives. It will bring about a significant revenue base, fiscal adjustment based on progressive tax reforms to raise Sri Lanka’s revenue to GDP ratio. It is a progressive one so that we gradually reduce the tax burden on the poor, who has to bear the brunt of the VAT system.

Better public expenditure and debt management through essential institutional reforms and enhanced social safety net to cushion the poor. Restoring price stability and a market determined flexible exchange rate, and rebuilding our international reserves. Then, ensuring financial stability through a healthy banking system. Now, these are some of the key objectives of this IMF reform, in addition to what the minister has mentioned.

Therefore, what we are seeking is to stabilize the economy by 2026, and come back to virtually the same ratios we had in 2019. So we have seven years to come back to 2019. Is that enough?

That is the issue. Anyway, approval of this program will allow Sri Lanka to commence negotiations with private and official creditors on restructuring its debt, in line with the parameters set by the IMF debt sustainable assessment and also the commitments that I have made with my letter of March 14. We hope to conclude the discussions and arrive at a comprehensive restructuring agreement with the creditors.

By the time the first review under the EFF in six months takes place in order to keep its part a bargain with the creditors and fully benefit from the debt restructuring, Sri Lanka will need to implement the commitment under this four years economic program. So we still have to start the debt restructuring, especially the discussions with our private creditors.

From here, do we stop at this stage and do the debt restructuring and the four-year program? That is not enough. If you want to give a future to your children, if you want a future of the youth, then we have to go forward because Sri Lanka is today at the crossroads between seizing the opportunity for growth to fix our long-standing institutions and structural problems to become a prosperous society, or denying our problems, rejecting change and stagnating as a lower middle-income country.

Implementing this program is how we seize the opportunity for a more prosperous future. The dissatisfaction with all our systems, with the Government, with the opposition, with the conventional groups, resulted in last year March of young people marching on to Galle Face Green; The start of the Aragalaya. Unfortunately, it was taken over by violent extremists.

Then what have the young people done now? They are voting with their feet and leaving the country. So this is what we have to think, not to study the IMF program and decide whether we are going to support item one, we are not support item two, how are we going to stabilize the industry or, create growth and become a prosperous society?

So this is what is most important than IMF. In addition to stabilization, is the growth enhancing structural reforms. If we don’t do these structural reforms, you can write it out and next time is going to be a far more violent uprising. And we must boldly go ahead with these structural reforms which will unlock our growth potential, put on a high growth trajectory, that’s the only way out.

So we have to reduce the role of the Government in the economy to increase efficient resource allocation, competition and productivity. We must not look at the Government to bail everything out. We cannot look at the Government as the ultimate provider of solutions to issues that cannot be resolved by the market. 

Then further trade liberalization, including rationalizing remaining Para tariffs. The world global economy is going to be more competitive, we have to adjust to it.

The labour market reforms will enable more females to join the labour force. As our population age, it is necessary that more females join the labour force. Remove the impediments to private investment, including by modernizing the regulatory and doing business environment.

Reduce electricity costs by improving the generation and the mix and distribution of power generation leading to an efficient electrical distribution network.

Addressing Climate Change, we have to go through this. There is no way out. If anyone has another system, let them get up and say so. And what I am aiming in the next two years is to lay the groundwork for a highly competitive social market economy. We have to be competitive.

So we’d like to upgrade our FTA with India to Economic and Technical Cooperation Agreement and join the RCEP, the Regional Comprehensive Economic Partnership.

I don’t think we should hesitate. If Laos can join and Cambodia can join and Myanmar can join, why can’t we join? That’s the issue. That means we are going to compete. A quite high level of competition means an efficient Government structure. And why do I say to social market economy? But we need more money. We can talk our education system covering 90% of the students having 10,000 schools.

But what is the quality of education? We need money to make it one of the best education systems in South Asia or the best education in South Asia in the next decade. That is social progress. Secondly, the health system. We spend a lot of money on health, but do we get the benefit of every rupee we spend? We need to put more money into the social safety network, to the poor, to the vulnerable.

We have to help them. So that we have to get the bulk of our money in to it and not to support the Petroleum Corporation or the CEB or Sri Lankan. And we wasted too much of our resources on those occasions. So let us look at how we go ahead. Our potential for green economy at the moment is good, not only renewable energy, but green hydrogen, green ammonia and many other outputs resulting from this green energy, especially the biomass which we have not thought of and wave energy.

We should get into it immediately, like we got into the apparels as soon as the 1978 reform started. Start the digitalization. Start with the Western Province where 50% of the economy is and spread out to the other areas of high economic activity, then cover the rest of the country. We have to look at tourism one which will get us average of $500-1000 a night.

We can start off with the low hanging fruit, and another low hanging fruit is agriculture, where productivity is small. Let us modernize agriculture and fisheries. That’s the start of another low hanging fruit. As far as manufacturing and industries is concerned, let’s not get there step by step.

Then, Government money must go to establish the infrastructure for such industries and services. These are some that I can think of but you’ll can think of more. Sri Lanka becoming a regional logistic centre, the offshore potential for the offshore economy, all these are matters to be discussed. So we must take this chance. We can’t wait.

We’ve been missing out on all the opportunities for restructuring. When we became independent, Mr. D.S. Senanayake said “let’s be independent, cultivate and let us aim to be self-sufficient in rice. When we saved that foreign exchange, we’ll be much better off.” He also called Sir John Kotelawala to start the hydroelectricity systems. Then the first round of reforms after that was not introduced by the UNP.

The most significant one was Mr. Philip Gunawardena’s Paddy Land Act. It was not a communist measure; the Americans had carried out massive land reform pertaining to paddy land in Japan, in South Korea and Taiwan.

He just adapted that and it led to the, actually the growth of production in those countries. So he brought that in together with the Agrarian Services Department, and the Government had to establish the People’s Bank. It was shot down not by the opposition. It was shot down from within the Government. And you have this watered down act, which is there today.

So we missed the first chance of building upon what Mr. D.S. Senanayake had done. The second chance came again in 1965 with Mr. Dudly Senanayake’s report and the Shenoy report. The starting of industry, the Industrial Development Board, education reforms, increasing productivity and tourism. Some of these were implemented, but the Shenoy report was not implemented, and as a result, we lost the next opportunity.

If we had gone ahead with those reforms, it was similar to what Park Chung-hee brought in South Korea and Lee Kuan Yew brought into Singapore. The third round came in 1978. J.R. Jayawardena opened up the economy and went ahead, but we had to slow down because of the ethnic situation and the conflict that broke out in the country. Nevertheless, in 1989, the second stage was done by President Premadasa and when we pushed ahead, firstly to divest ourselves on some of those corporations which are doing quite well, like Kelani Tyres and as well as the push for investments both in the apparel sector as well as the tourist sector and a lot of other new industries which we started. But then that came to an end after 1994 as a next Government focused completely on resolving the ethnic issue at the expense of the economic development. It went on. So we missed that opportunity. Those who were behind us, got ahead of us.

Then came regaining Sri Lanka. We missed that. So how many more opportunities are we going to get? We haven’t got any, this is the last chance. Are we going to take it or not? That’s all that you to decide here. The details you can work out. We have a six month review, another six month review.

But what is in the IMF program, we have to go ahead with. But on what we are doing on the growth program, yes, we can discuss that further.

And once the debate and the IMF program is over and the resolution is put to vote, thereafter we put out a sketch or a white paper on how the growth should take place, and I would like the National Council of Parliament to be engaged with the Government and for all of us to engage the rest of the sectors of society in determining what our future is going to be.

So all I request of you is to make up your mind that we are going to grow and this is the last chance and let’s press the accelerator to the floor. There is nothing else that we can do and I ask all of you to join the Government in this task we have undertaken. Thank you very much. And thank you for the Chartered Association for sponsoring this event.

Minister of State for Finance Mr. Ranjith Siyambalapitiya, delivering the guest speech said:

We experienced a dual deficit for a period of time, which some took action to address. At times, this issue was overlooked as the gap between Government revenue and spending persisted, and non-interest Government spending continued to increase over time. This created a balance of payments issue, and large infrastructure developments were undertaken through loans that did not yield dollar earnings when needed. Additionally, the country faced unexpected challenges such as the Easter attack and COVID-19, which caused the country to shut down for days and led to the collapse of the tourism industry following the Easter attack.

The fertilizer policy caused a major conflict, but by 2022, the gross domestic product had reached 8.2. We resorted to taking out another loan to manage our debt stock. Rating companies consistently reminded us of our global standing. We allocated 20 percent, but we needed to find 12 percent, and we did not have the funds locally or internationally.

Our country experienced severe shortages of goods, resulting in long queues and public unrest. Our reserves reached negative values, and the Central Bank was forced to decide not to pay creditors. We turned to the International Monetary Fund (IMF), with whom we have had 16 dealings. While we previously went to them as needed, we agreed to restructure debt with bilateral creditors. 

The public celebrated this victory, despite the many unique challenges we continue to face. Unfortunately, most previous agreements with the International Monetary Fund could not be maintained, and difficult decisions had to be made.

Currently, we face a new challenge where international organizations are scrutinizing us more than usual. Along with our regular duties, we must also control inflation. Our food inflation has risen to over 90 percent, causing great distress to the public. We cannot distribute or import goods to help alleviate this issue. One of the tough decisions we made was to raise bank interest rates, which was difficult for everyone. However, thanks to the extreme measures taken by the Central Bank, inflation is now returning to normal.

We need to increase our direct taxes to recover what we have lost. Despite our efforts, there is still a significant loss of income, either subtly taken from us or lost due to various reasons. We are currently engaged in a national exercise, and its success is crucial for us.

The Electricity Board previously functioned as a social welfare agency, so increasing electricity bills is an unpopular decision. Social security should be provided to those in need, but the selection process must be done carefully by responsible officers. Officials often avoid taking on this responsibility. 

Work-related issues can also arise despite our progress. It is necessary to make the Central Bank independent, and a bill to this effect has been introduced to Parliament. Additionally, a robust anti-corruption bill is also being proposed. To effectively address the needs of the people, loss-making public institutions must be restructured.

The Government’s move towards divesting from businesses is a positive step that must be done transparently. However, society may have a different perception, and it is important to explain the true situation to the people. These actions should be taken to help reduce the daily expenses of the common people. Chartered Accountants are highly skilled financial managers and possess great talents and responsibilities.

Their commitment and support are crucial in building the country, as they generate income from the main institutions. It is essential to view these developments positively and in good faith. (NewsWire)

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