A management buy-out backed by Tempest two (Pvt) Ltd is gearing to acquire SLT Campus (Pvt) Ltd (popularly known as Sri Lanka Technological Campus-SLTC) from Sri Lanka Telecom PLC in order to launch SLTC towards its ultimate objective of being Sri Lanka’s first and most recognised research-oriented university, according to a SLTC media release.
Having been initiated and funded by SLT, SLTC has reached a formidable position in the higher education industry within a short span of five years, having recently won the Most Emerging Education Institute in South Asia Award in 2019. As it is imperative that an education institute is independently governed to ensure autonomous and steady growth, the management of SLTC sought to distinguish SLTC from SLT.
“Considering the propositions of the management, SLT opted for this divesture which is now taking shape.The current investors who are well known in the education spheres are keen on letting SLTC function its academic operation entirely through SLTC’s current Governing Council which consists of senior academics and eminent persons and for SLTC to be managed primarily through its Executive Committee. The Management of SLTC is confident that SLTC will be better placed to establish its identity and achieve its 5 year business plan more efficiently through this divesture and the independence that SLTC gains as a result,” the release said.
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
Gazette on new speed limit regulations to be issued within two weeks
Cabinet has approved a proposed amendment to the Constitution that a referendum would be required to extend the Presidential and Parliamentary term beyond five years.
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