Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Online lottery company to pay Rs. 500 million per year to Sri Lanka's education fund
Sun, Mar 16, 2014, 07:29 pm SL Time, ColomboPage News Desk, Sri Lanka.

Mar 16, Colombo: A private company that is to operate an online lottery will pay Rs. 500 million per year to an education fund administered by the Sri Lankan government, according to a government minister.

Internal Trade Minister Johnston Fernando has said the company will make this annual payment to the Mahapola Education Fund in the next three years.

The Minister told the media that the company had already paid Rs. 100 million and would increase the contribution to Rs. 1 billion in the fifth year of operation.

The main opposition United National Party (UNP) has raised doubts over Oceanic Games (Private) Limited, which has been given management of the lottery to be operated in collaboration with eGame Solutions, a Hong Kong-based company.

According to Minister Fernando, Oceanic Games (Pvt) Limited did not have a license to operate the on-line lottery but had been given its management after open tenders were called a year ago.

He added that the government had not given a lottery license to anyone in the private sector, but a license for the Mahapola Fund.

The Minister further noted that the government has given the management of the Education Fund to the private company.

ColomboPage - Recent 10 Stories
Sri Lankan President to meet Elections Commissioner to discuss proposed electoral reforms
-- [1 hour and 9 minutes ago]
Sri Lankan government to revive investigations into allegations of stock market manipulations
-- [1 hour and 47 minutes ago]
Sri Lanka's Chief Prelates to be vested with legal powers to take disciplinary action against errant monks
-- [2 hours ago]
Buddhist prelate warns Sri Lankan government of severe consequences if promises are not honored
-- [2 hours ago]
Sri Lanka Marxist party demands general elections according to promises made by the government
-- [3 hours ago]
Former Sri Lankan minister's wife accused of making irregular recruitments to Tourism Promotions Bureau
-- [3 hours ago]
Sri Lankan President not to sign agreements that create losses for local entrepreneurs
All corrupt politicians and officials will be punished, Sri Lanka PM assures
State doctors in Sri Lanka threaten to strike demanding to resolve salary anomalies
Indonesian authorities detain 85 Sri Lankan immigrants in Medan

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.