Business Times

Corporate foundation appeals to politicians to ‘stop wasting money’

The Bamunu Arachchi Foundation (BAF) is appealing to all politicians to stop wasting public resources and their money on posters and cutouts. The group, a non profit entity formed and operated for the sole purpose of executing social services and value adding projects of current importance in the country, stated that election time is when politicians and potential politicians are on a colossally wasteful spending spree on campaign promotions.

BAF stated that it has identified the dire need to have proper healthcare facilities in the country under the philosophy of the founder and present Chairman B.A. Mahipala that ‘healthcare cannot be discriminated between the rich and poor.’

BAF launched a 3 phase structured pilot development project of the Homagama base hospital with the ‘vision of making it the best hospital in South East Asia by year 2015.’ Stage one of phase one of the project, the construction of a fully equipped OPD and diagnostic centre was completed successfully at a cost of Rs.100 million and donated to the people of Sri Lanka through the President in February 2009.

The press release stated that this task was achieved purely through the private funds raised by BAF, consisting of over 90% of redirected profits of the business interests of BAM Holdings, the founder’s group of businesses in the apparel sector, and donations of like minded individuals.

Now the preliminary work of stage two of phase one which is a 280 bed in-patient facility costing Rs.110 million has commenced.

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