News

SAITM shares to be offered on the stock market

20 April 2017 - 256   - 0

The ownership of the SAITM (South Asian Institute of Technology and Medicine) is to be broad-based with its shares to be made available for sale in the stock market, President Maithripala Sirisena said.

He said the decision has been taken as a further solution to the SAITM issue in addition to previous government decisions which have already been announced.

He said that the Inter University Students Federation too have complained about the ownership of SAITM and therefore the move will enable any person to purchases shares of the company. 

He said that the government's policy was to promote non-state education. The President was addressing heads of media institutions and editors. 

Health Minister Rajitha Senaratne said once a proper guidelines have been establish to administer SAITM, it would also be applicable to two other private medical colleges proposed to be set up by the Monash University in Australia and Manipal University in India. 

The President pointed out that 75,000 to 85,000 Sri Lankan students go abroad annually for higher education and if there are private institutions in Sri Lanka, it would be a great relief to them as the cost would be much less.

  Comments - 0

  • Leave a comment

Top Stories

Manager and lab controller of Horana factory further remanded

The factory manager and senior laboratory controller at the rubber factory in Horana where five people were killed last week, were remanded further...

25 April 2018 - Views : 8

Court re-issues arrest warrant on Jaliya Wickramasuriya

24 April 2018

Operation launched to catch rogue elephant inside Ridiyagama Safari Park

24 April 2018

Pakistan’s Jinnah Scholarships for 182 Sri Lankan students

24 April 2018



style="display:inline-block;width:300px;height:250px"
data-ad-client="ca-pub-6200193111498313"
data-ad-slot="1999573490">

 

Features & Analysis

Big Bad Wolf book sale enthusiasts can check out books on FB

The world’s biggest book sale, the Big Bad Wolf Book Sale, is coming back to Sri Lanka for the second time! Las...

Ministry of Crab pop up event in UK

Chef Dharshan Munidasa will return to the U.K. for a three-day Ministry of Crab Pop Up Event from  April 19 -21....

Miss Premier Ceylon with Miss England to get under way in May

Premier Ceylon, the hotels and hospitality company which has its corporate head office based in Virginia, USA, is rea...

Indian YouTube singer has tearful reunion after 40 years

An Indian man missing for 40 years has had an emotional reunion with his family after a YouTube video of him singing ...



style="display:inline-block;width:300px;height:250px"
data-ad-client="ca-pub-6200193111498313"
data-ad-slot="1999573490">