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The luxury BMW car allocated to the Chairman of the Ceylon Petroleum Corporation (CPC) has been sold for Rs. 30 million, with the proceeds used to purchase two buses to provide transport facilities for employees at the Kolonnawa and Muthurajawela premises. According to the Dinamina newspaper, current Chairman D.J. Rajakaruna had decided against using the vehicle, citing its high maintenance costs and heavy fuel consumption. Instead, the car was sold under the new administration, and the funds were redirected to improve staff welfare. Two buses, one valued at Rs. 19 million, were handed over to employees earlier this week under the leadership of Chairman D.J. Rajakaruna. (Newswire)

It is incumbent that those holding public office abide by the highest standards of integrity and professionalism that aspire public trust and confidence in government. Conduct that falls short of such standards must be dealt with swiftly and decisively. The indictment also comes at a time when allegations have surfaced into possible irregularities in the procurement of coal for power generation, a function that falls within the purview of Mr. Jayakody’ Ministry. Full statement https://t.co/UWDPmLtrFn

Electricity rate hike starting April 1st is not a result of a global crisis, but a direct consequence of internal mismanagement and the multi-billion rupee Coal Procurement Scam. ​While the public is forced to pay up to 25% more, the real 'System Error' lies in the lack of transparency in coal tenders. We are essentially paying a 'Corruption Tax' for a crisis that could have been avoided with competitive bidding and a liberalized energy market. ​It is time to look beyond the slogans of 'System Change' and demand accountability for the procurement failures that are now being billed to the average citizen.

What I wrote Monday: "A national policy would have to set out general principles on how the different elements of the system are to deal with disaster risk. This should address the problems posed by fully state-owned assets where the managers are immune to the pressures that work for private investors. The tariff policy should specify whether disaster-recovery costs can be covered by tariffs, as some are suggesting in the aftermath of Ditwah. Simply dumping these costs on customers without setting in place any incentives for making the system more resilient, sets the stage for future bailouts." https://t.co/q60MP5q1Ha