However, the financial reports of TISB and SLTB show that the above performance-related fees have yet to be implemented by both companies.
Amongst takaful operators which have been identified to implement this practice are ETB, TISB, SLTB, MATB and HATSB.
Based on the scan, the strategy formulation process will begin, with active involvement by the industry and we will evaluate all the strategic routes available to SLTB
and Ceylon Tea.
SLTB is the main passenger transport service on less profitable roads as well as in less profitable hours in busy roads in the country, he said.
According to the Minister, out of the 7,662 SLTB buses, 2,916 are not roadworthy.
He said the number of buses will be increased according to the needs in the future and added that high standard buses were purchased by the SLTB with a concern for passenger safety.
He said the SLTB earns an average daily income of nearly Rs.