Hon. K.V. Samantha Viddyarathna - Minister of Plantation and Community Infrastructure
The Minister tabled a written answer detailing Sri Lanka Tea Board-related investments, including Promotion and Marketing Levy funds, Tea Board Fund investments, and investments under the MoU with the Ceylon Petroleum Corporation, with year-wise short-term, long-term, and total amounts up to 2025. He stated that investments were made in fixed deposits in state banks and Treasury bills in line with applicable circulars and manuals, with procedures strengthened from 2022 through Investment Committee review and from 2024 through Departmental Procurement Committee approval and procurement guidelines.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Deputy Speaker, I table the answer.
¶ 02 (a) (i) Promotion and Marketing Levy investments
¶ 03 Year | Short-term (Rs.) | Long-term (Rs.) | Total (Rs.) 2020.12.31 | 6,956,839,407.93 | - | 6,956,839,407.93 2021.12.31 | 8,138,139,498.00 | - | 8,138,139,498.00 2022.12.31 | 9,145,424,351.00 | - | 9,145,424,351.00 2023.12.31 | 8,261,200,000.00 | 850,000,000.00 | 9,111,200,000.00 2024.12.31 | 7,599,999,898.33 | 500,000,000.00 | 8,099,999,898.33 2024.07.31 | 7,600,000,000.00 | 500,000,000.00 | 8,100,000,000.00
¶ 04 (ii) Sri Lanka Tea Board Fund investments
¶ 05 Year | Short-term (Rs.) | Long-term (Rs.) | Total (Rs.) 2020.12.31 | 454,409,000.00 | - | 454,409,000.00 2021.12.31 | 406,500,000.00 | - | 406,500,000.00 2022.12.31 | 536,983,997.00 | - | 536,983,997.00 2023.12.31 | 847,898,926.98 | 100,000,000.00 | 947,898,926.98 2024.12.31 | 924,021,842.85 | 100,000,000.00 | 1,024,021,842.85 2024.07.31 | 893,163,605.77 | 100,000,000.00 | 993,163,605.77
¶ 06 (iii) Investments under MoU between Sri Lanka Tea Board and Ceylon Petroleum Corporation
¶ 07 Year | Short-term (Rs.) | Long-term (Rs.) | Total (Rs.) 2023.12.31 | 3,281,113,500.00 | - | 3,281,113,500.00 2025.07.31 | 1,476,865,500.00 | - | 1,476,865,500.00
¶ 08 (ii) All investments have been made in fixed deposits in state banks and Treasury bills in accordance with State Enterprises Department Circular 02/2018 and the State-Owned Enterprises Operations Manual. Up to 2022, short-term investments were made through branches of Bank of Ceylon where the Board maintained accounts. In 2022, following internal audit recommendations and with the expectation of obtaining more competitive interest rates, quotations were called from state banks by the Investment Committee; investments were then placed upon the Committee’s recommendation and approval of the Director-General.
¶ 09 From 2024, the investment process has been further formalized by submitting to the Departmental Procurement Committee, and calling quotations in line with Procurement Guidelines. The Board of Directors has approved the process; all investments are made after Departmental Procurement Committee approval. A monthly investment variance report is submitted to the Board.
¶ 10 (iii) At present, investments are made with Departmental Procurement Committee approval.
¶ 11 (b) Not applicable.
¶ 12 MEMBERS OF PARLIAMENT: OFFICIAL RESIDENCES 118/2024
Provenance
- Source
- Hansard, Wednesday, 24 September 2025 ·No. 1759815459006615 ·English daily/uncorrected Hansard
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Cite as: Hon. K.V. Samantha Viddyarathna - Minister of Plantation and Community Infrastructure. 10th Parliament, Parliament of Sri Lanka. Hansard, 24 September 2025. No. 1759815459006615. Politick, https://staging.politick.io/lk/speeches/20773