header logo
Asia asset finance
Latest
Govt ready for a structural change of SOEs - President
Jan 28, 202508:37 PM
Govt ready for a structural change of SOEs - President

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 5g
VideoStories
Cabinet Spokesman rejects accusations, says Suresh Sallay treated like any other detainee (English)

Cabinet Spokesman rejects accusations, says Suresh Sallay treated like any other detainee (English)

Minister claims funds transferred to foreign companies via ‘TT’ payment method, posing as importers

Minister claims funds transferred to foreign companies via ‘TT’ payment method, posing as importers

Suresh Sallay continues hunger strike; UNP calls for parliamentary review of treatment (English)

Suresh Sallay continues hunger strike; UNP calls for parliamentary review of treatment (English)

“Executive undermining judicial independence” Sajith says public trust on government is eroding

“Executive undermining judicial independence” Sajith says public trust on government is eroding

“Family & legal intervention made hospitalization possible”Suresh Sallay remains under hospital care

“Family & legal intervention made hospitalization possible”Suresh Sallay remains under hospital care

Satyagraha campaigned launched at Colombo Fort in support of Suresh Sallay who is detrained by CID

Satyagraha campaigned launched at Colombo Fort in support of Suresh Sallay who is detrained by CID

Farmers decry lack of fertilizer stocks; Fertilizer for Yala season already disbursed, Minister says

Farmers decry lack of fertilizer stocks; Fertilizer for Yala season already disbursed, Minister says

First graduation ceremony of Mogo Media Academy held in Colombo; 115 students awarded certificates

First graduation ceremony of Mogo Media Academy held in Colombo; 115 students awarded certificates

“Global & domestic pressure may challenge future stability" Steps announced to tackle rising risks

“Global & domestic pressure may challenge future stability" Steps announced to tackle rising risks

Former MP Udaya Gammanpila claims Suresh Sallay on hunger strike in CID custody

Former MP Udaya Gammanpila claims Suresh Sallay on hunger strike in CID custody

Govt assures fair paddy prices aligned with farmers' production costs

Govt assures fair paddy prices aligned with farmers' production costs

Schools must serve as safe and secure spaces for children -PM Harini Amarasuriya

Schools must serve as safe and secure spaces for children -PM Harini Amarasuriya

Sri Lanka's dengue cases cross 35,000 with 19 deaths reported so far this year

Sri Lanka's dengue cases cross 35,000 with 19 deaths reported so far this year

Sri Lanka marks World Environment Day 2026 under Presidential patronage

Sri Lanka marks World Environment Day 2026 under Presidential patronage

Govt is misusing PTA in an unprecedented manner, Dilith Jayaweera says

Govt is misusing PTA in an unprecedented manner, Dilith Jayaweera says

Lassana Flora