Home / Opinion and Issues/ Really CICT, is it CSR ?

Really CICT, is it CSR ?

Comments / {{hitsCtrl.values.hits}} Views / Saturday, 21 July 2018 00:00



Recently a controversial donation made by Chinese company-run terminal in Colombo (CICT) was exposed by the media where Rs. 19.4 million was given to a foundation run by Pushpa Rajapaksa, the wife of the former all-powerful Minister Basil Rajapaksa. 

Indeed, the media and many saw it as a bribe or and an influenced payment for the fact that this terminal got 85% of the stake, which in some business circles are calling it the most valued asset of the Port of Colombo as it is the only deep-water terminal in South Asia automatically attracting big ships without competition from SAGT and JCT the other two terminals of the Port of Colombo.

However, the company in a statement said that this $ 150,000 donation was done as a CSR commitment and that they are not involved beyond that. Interestingly most companies including CICT do CSR projects to extend the goodwill and at the same time to promote its brand to show the company’s CSR commitments. 

This is indeed natural, but what is questionable is all the other CSR projects named by CICT as other commitments have had clear public visibility as they have done press releases, articles, photographs, web links etc. Its parent company being a public listed company in Hong Kong, it is obvious that shareholders need to know its CSR activities and outcome.

However, mysteriously this CSR project which is larger than any of the others we could not find any publicity, whereas as all other mentioned CSR work is available on the internet and newspapers. At least if the cheque being handed over to a powerful Minister’s wife was photographed and published at the time, nobody would have questioned the integrity of the CSR project in question, which was supposed to build many houses for the poor. 

Readers will be happy to know what the housing projects and the details of the opening ceremony for the less privileged people’s housing scheme which the media would have been invited to cover and CICT would have definitely been invited after donating such a big sum compared to its other CSR projects.

In the interest of the public we are happy to publish few photos of CSR projects CICT has done in the past with web links of newspapers, unfortunate no information is available on the Rs. 19.4 million donation and its CSR project that we could find. 

We think the company is obliged to provide more information to the government and the public of the country and its international shareholders the details that are very controversial specially at a time when the New York times have revealed other controversial massive payments related to Hambantota Port.





Share This Article

Facebook Twitter


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.


Today's Columnists

Death of a sentence?

Tuesday, 16 July 2019

Many a voice has been raised against the carrying out of the death sentence in Sri Lanka. It is inhumane, offends human rights, the State should not kill, the possibility of an error in the judicial process leading to the death of an innocent person

SL’s future depends not on outdated feudalistic system but on becoming partner of a digital economy

Monday, 15 July 2019

Calling Sri Lanka an agriculture-based country is a misnomer A widely-held view by many Sri Lankans is that Sri Lanka was an agriculture-based economy in the past and it should be so even in the future. The first part of this argument is only half-t

Competing with competencies: Developing future-proof Sri Lankans

Monday, 15 July 2019

Competencies are required to compete in an increasingly competitive global environment. Sri Lanka has slipped from 71st place to 85th on the World Economic Forum Global Competitiveness Index (GCI) last year. This shows a dismal picture as Sri Lanka i

Timing is everything

Monday, 15 July 2019

Imagine this scene – the boy totally in love decides to take the plunge and propose to her. He sets up everything perfectly. The ring, the restaurant, the menu and the post proposal music to celebrate. Everything is manicured to a fine detail. But

Columnists More