Home / Front Page/ Govt. directs SAITM to broad-base ownership via CSE listing

Govt. directs SAITM to broad-base ownership via CSE listing


Comments / {{hitsCtrl.values.hits}} Views / Friday, 21 April 2017 00:00


President Maithripala Sirisena yesterday said the South Asian Institute of Technology and Medicine (SAITM) has been directed to broad-base its ownership via listing it on the Colombo Stock Exchange.

“A reason for the opposition to SAITM is the sole proprietorship. We will direct SAITM to list on the Colombo stock market to broad-base ownership. 

Even ordinary people can invest in SAITM if they want to,” President Sirisena told heads of media institutions yesterday.

Health Minister Dr. Rajitha Senaratne, who was with the President, said a similar strategy will be pursued with two other medical college ventures proposed by the famous Monash University of Australia, with an investment of $ 1.3 billion, and Manipal University as well. 

President Sirisena said SAITM had also been directed to set up a professional and competent Board of Governors as practised by international institutions. Furthermore, SAITM will be required to increase its number of scholarships as well as revise its fees. 

These new measures are in addition to previously announced decisions on the SAITM issue including requiring students of SAITM to face a test to be conducted under the supervision of the Sri Lanka Medical Council and the University Grants Commission, clinical training at state hospitals in Homagama or Avissawella and taking over the Dr. Neville Fernando Hospital to be operated as a Teaching Hospital.

The President and Minister Senaratne said the Government had made these decisions after a series of discussions with all the parties concerned, including SAITM management, the Government Medical Officers’ Association, education authorities, medical students, medical doctors associations, SAITM students and their parents.

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

“We will not undermine the free education system or neglect it but continue to strengthen it. However, at the same time, our policy is to encourage private universities and colleges with proper standards for the benefit of future generations,” the President emphasised.

 


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Tamil actor Kamal Haasan stars in new role as political leader

Saturday, 24 February 2018

Srinivasan Kamal Haasan is one of India’s foremost film actors. Known popularly as Kamal, the talented and versatile thespian has not only excelled as an actor onscreen, but has successfully engaged in other cinematic spheres too. The multi-faceted


Yameen’s economic offensive to counter political adversity ahead of presidential poll

Saturday, 24 February 2018

The embattled Maldivian President Abdulla Yameen, who is facing intense political opposition both in and out of the country, hopes to win the September, 2018 presidential election using a combination of political belligerence and a strong economic pr


In the end, there was nothing

Saturday, 24 February 2018

Much more than a storm in a tea cup! To a non-discerning person, it all seemed like the final battle of the counter revolution. President Sirisena was up in smoke trying to oust Prime Minister Ranil Wickremesinghe for no articulated reason. He asked


Shouldn’t Govt. prevent parliamentary system from decay and destruction?

Friday, 23 February 2018

The wrong people teach us the best lessons. As a clever nation, we had always used our ballot and chased the wrong people


Columnists More