In a letter addressing to President Ranil Wickremesinghe, The Chief Prelates of the three Buddhist Chapters have raised profound concerns regarding the potential emergence of social insecurity due to the privatization of state assets.

The sale of vital institutions like Sri Lanka Telecom and the Ceylon Electricity Board, significant contributors to both the banking system and national security, to foreign companies would result in substantial socio-economic-political instability, ultimately affecting the stability of people’s lives, the letter states.