ERAN WICKRAMARATNE YESTERDAY PARLIAMENT VEDIO CLIP.mpg - Google Drive.mp4_snapshot_09.35_[2016.04.13_08.11.49]

Colossal losses that state-run SriLankan Airlines was made to suffer since ex-President Mahinda Rajapaksa chased away Emirates Airlines, and a questionable aircraft deal, is a national financial crime, Deputy Minister Eran Wickramaratne said.

SriLankan Airlines, which made profit of 4.4 billion rupees in 2008, the year in which the management agreement with Emirates Airlines ended, has lost 107 billion rupees since, then.

The Rajapaksa administration had cancelled the visa of then Chief Executive Peter Hill because he did not bump enough paying passengers to accommodate a large entourage of the President Mahinda Rajapaksa in a single aircraft, he said.

“The CEO had said ‘We should not offload all these passengers since they are citizens and they are paying passengers where there is a contract’,” Wickramaratne told parliament.

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The reason why I said it was because people over time have tried to show that privatization is a dirty word. It is not. If you have liabilities bigger than the assets you have, you are actually better off by getting rid of it since it is the public that has to fund this to keep it running. Those who are responsible for creating the liabilities have to take it which is why I said.

Sri Lanka’s Deputy Minister of Public Enterprise Development, Eran Wickramaratne last week said the island’s State Owned Enterprises (SOEs) have been given a new lease of life after the new government assumed office and vowed that they would now be managed more efficiently under his Ministry’s watch thus maximizing public benefit.


Sri Lanka’s deputy Minister of State Enterprise Development said that internationally exposed management skills of local expatriates are the need of the hour if the island nation is to achieve its expected economic targets in the near future.

“Everyone only talks of capital and technology but in my experience it is management that is needed more; management which has been exposed internationally.” Eran Wickramaratne, deputy Minister, State Enterprise Development said.

“Nearly 300,000 nationals leave for greener pastures every year and seven percent of them are professionals,”

Sri Lanka’s public transportation is entirely outdated and needs to undergo genuine modernization as soon as possible, Deputy Minister of State Enterprise Development Eran Wickremaratne said yesterday. Speaking at the Colombo Mayor’s Conference, the Deputy Minister hailed the public transport system envisaged for the country by the former government but said it required investments to the tune of US$ 300million a year, over a 10 year period.


“A seemingly simple improvement could be the introduction of a timetable according to which public transport runs. By installing GPS systems on buses, the public could keep track of their routes, arrival times and estimated time to destination. This would save people anxiety over bus delays. Considerable amounts of time are wasted.People should no longer have to stand waiting, often in monsoonal times such as what we are experiencing now, for buses to come at times that they can only just guess,” Wickremaratne said.


Adopting a high level of service delivery that includes international standards and work place organisation methods such as the 5S system was vital to improving the country’s public sector, Deputy Minister State Enterprise Development Eran Wickramaratne said.
Speaking at the National Convention on 5S organised by the Post Graduate Institute of Management (PIM) and the Sri Lanka Association for the Advancement of Quality and Productivity, Wickramaratne said that the biggest challenge for state owned enterprises (SOEs) was improving their management and professionalism.