header logo
Mogo Academy
Latest
Govt ready for a structural change of SOEs - President
Jan 28, 202508:37 PM
Govt ready for a structural change of SOEs - President
Mobitel Inner

President Anura Kumara Dissanayake says that the government is ready for a structural change in loss-making state-owned enterprises.

 

He further added that a study is being carried out on how to list loss-making government enterprises in the Colombo Stock Exchange (CSE) through a holdings company.

 

The President made this statement while addressing the “Sri Lanka Economic Summit - 2025,” held in Colombo this afternoon (28).

 

He emphasized that the government is prepared to implement structural changes in loss-making enterprises.

 

Speaking further on this matter, he added, “We are not viewing these enterprises from the old perspective. We are ready to make structural changes. In particular, we are currently studying whether it is possible to merge these enterprises and issue a certain number of shares on the stock market through a holdings company. We are also ready to reconsider about corporations and boards.”

 

He continued, “I will be frank, there are some enterprises, and several of them are performing the same functions. I think we will have to close some of them, merge others, and in some cases, the scope of certain enterprises will have to be changed. We are currently proceeding with the identification of these.”

 

 

 

MostRead
Mobitel Upahara
VideoStories
“AI and digital platforms reshaping global media” 'Media Fest 2026' delves on future of journalism

“AI and digital platforms reshaping global media” 'Media Fest 2026' delves on future of journalism

"Public interest must be prioritized" Govt.'s move to extend retirement age of judges hits roadblock

"Public interest must be prioritized" Govt.'s move to extend retirement age of judges hits roadblock

How can Sri Lanka bypass secondary sanctions? Ex-Foreign Sec. explains SL's options on Hyde Park

How can Sri Lanka bypass secondary sanctions? Ex-Foreign Sec. explains SL's options on Hyde Park

“Tsunami towers are not used to detect disasters”-DMC Chief bemoans lack of resources

“Tsunami towers are not used to detect disasters”-DMC Chief bemoans lack of resources

“AI and digital platforms reshaping global media”  'Media Fest 2026' delves on future of journalism

“AI and digital platforms reshaping global media” 'Media Fest 2026' delves on future of journalism

"Public interest must be prioritized" Govt.'s move to extend retirement age of judges hits roadblock

"Public interest must be prioritized" Govt.'s move to extend retirement age of judges hits roadblock

How can Sri Lanka bypass secondary sanctions? Ex-Foreign Sec. explains SL's options on Hyde Park

How can Sri Lanka bypass secondary sanctions? Ex-Foreign Sec. explains SL's options on Hyde Park

“Tsunami towers are not used to detect disasters” - DMC Chief bemoans lack of resources

“Tsunami towers are not used to detect disasters” - DMC Chief bemoans lack of resources

Govt exerting influence over country's judiciary – Opposition Leader accuses

Govt exerting influence over country's judiciary – Opposition Leader accuses

Sri Lanka to strengthen preparedness for potential El Niño-related climate changes

Sri Lanka to strengthen preparedness for potential El Niño-related climate changes

Sri Lanka’s dengue death toll rises to 47 as cases exceed 67,000

Sri Lanka’s dengue death toll rises to 47 as cases exceed 67,000

Middle East conflict disruptions weigh heavily on Asia’s economic outlook, ADB warns

Middle East conflict disruptions weigh heavily on Asia’s economic outlook, ADB warns

Dengue cases remain high in Western Provincewith nearly 35,000 cases reported

Dengue cases remain high in Western Provincewith nearly 35,000 cases reported

Appeals Court postpones further consideration of Suresh Sallay’s petition until July 14

Appeals Court postpones further consideration of Suresh Sallay’s petition until July 14

Opposition Leader accuses govt of exploiting parliamentary rules to silence MPs

Opposition Leader accuses govt of exploiting parliamentary rules to silence MPs

Lassana Flora