Focus on Government controlled entities

Ekanayake90 · 1 Focus on Government controlled entities Mon Apr 18, 2022 9:47 am

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SL to raise $ 8 bln by selling valuable assets
By Bandula Sirimanna
View(s): 15846

The Government is hoping to raise US$8 billion from the lease or sale of valuable public assets to bolster rapidly dwindling foreign reserves, the report of a newly-appointed economic advisory committee has revealed.
Among the main items in the list were the long term leases of Katunayake International Airport for $2 billion, Mattala Airport for $300 million and Ratmalana Airport for $400 million.
Arrangements have been made to hand over the Colombo North Port Development Project for an investment of $600 million while Colombo Port City lands will be leased out at a total of $4 billion.
Accordingly, Sri Lanka Ports Authority has planned to do a feasibility study for the Colombo North Port Development Project focused on expanding capacity of container handling while serving all other port services expected from industry.
Further shares of Sri Lanka Telecom will be sold at a price of $500 million and Sri Lanka Insurance Corporation shares for $300 million.
Divestment of non-strategic state-owned assets has been suggested as a part of the government’s multi-pronged plan in the short-term to improve their operational and financial efficiency while increasing the country’s reserves position.

Ekanayake90 · 2 Re: Focus on Government controlled entities Wed Aug 17, 2022 9:44 pm

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"In an interview with The Economist, the President said that the national carrier, Sri Lankan Airlines, *Sri Lanka Insurance* , and Sri Lanka Telecom may be privatized.
https://www.newswire.lk/2022/08/17/president-names-three-state-institutions-that-sl-could-privatize/

Stocks to forcus on -: SLT , PINS , LHCL

D.G.Dayaratne · 3 Re: Focus on Government controlled entities Thu Aug 18, 2022 9:26 am

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Transparent system of privatization is necessary Not like after 1977 to date under various govt.( JR,CHNADRIKA, MAHINDA SIRISENA AND GOTA)

K.R · 4 Re: Focus on Government controlled entities Fri Aug 26, 2022 10:56 pm

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පාඩු ලබන රාජ්‍ය ආයතන ප්‍රතිව්‍යුහගත කිරීම පසෙක ලා රජය ලාබ ලබන ආයතන විකිණීමේ මගඩියකට සූදානම් වෙන බව හිටපු ජනමාධ්‍ය ඇමති ආචාර්ය නාලක ගොඩහේවා පවසයි.
https://lankacnews.com/පාඩු-ලබන-රාජ්ය-ආයතන-පසෙක/

Same old politics again

Hopefully this time it wont affect the whole restructuring process.

ErangaDS · 5 Re: Focus on Government controlled entities Mon Aug 29, 2022 1:04 pm

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Aviation Minister Nimal Siripala de Silva says government has decided to sell 49% stake of Srilankan catering and ground handling to a foreign investor to pay off the Sri Lankan Airlines debt

Focus on Government controlled entities Ed01e210

ErangaDS · 6 Re: Focus on Government controlled entities Mon Aug 29, 2022 1:06 pm

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D.G.Dayaratne wrote:Transparent system of privatization is necessary Not like after 1977 to date under various govt.( JR,CHNADRIKA, MAHINDA SIRISENA AND GOTA)

Point

K.R · 7 Re: Focus on Government controlled entities Wed Aug 31, 2022 7:34 am

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SOE reforms

https://www.ft.lk/top-story/Ranil-rolls-out-reforms-and-relief-in-mini-Budget/26-739279

In terms of SOE reforms, the President proposed Rs. 200 million to establish the ‘State-Owned Enterprise Restructuring Unit’ to facilitate restructuring of Government-owned business entities. He also proposed to re-activate the Statement of Corporate Intent (SCI) process for key 50 SOEs, excluding CEB, CPC and SriLankan Airlines, as they are under different efforts to restructure, to closely monitor the set targets. SCI was a feature under the last IMF program.

Ekanayake90 · 8 Re: Focus on Government controlled entities Wed Sep 07, 2022 7:37 am

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The performance of State-owned commercial enterprises has not been satisfactory for a long time and some SOEs are incurring losses due to various reasons,” a statement of weekly Cabinet Decisions issued by the Government Information Department noted.

https://www.ft.lk/news/Finance-Ministry-to-set-up-SOE-restructuring-unit/56-739581

CSE : SLT , PINS , LHCL

Quibit · 9 Re: Focus on Government controlled entities Wed Sep 07, 2022 4:19 pm

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SLT, HDFC, MBSL, LHCL, PINS, PLC

Focus on Government controlled entities Scree134

Focus on Government controlled entities Scree132

Focus on Government controlled entities Scree133

Download Link
https://drive.google.com/file/d/1rYmBMbAQVnaMDWPaxgqjkip-XXop_wSH/view?usp=sharing

Ekanayake90 · 10 Re: Focus on Government controlled entities Thu Oct 06, 2022 11:09 am

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Sri Lanka can raise US$2-3bn by reducing SOEs: President

ECONOMYNEXT – Sri Lanka plans boost central bank reserves by reducing state owned enterprises President Ranil Wickremesinghe told parliament, in a possible reference to a rivatization drive.

“By reducing the burden of SOE we can expand the reserves by getting 2 to 3 billion US dollar,” President Wickrmesinghe told parliament.

“This is the only short term way we can get a few billions of reserves in the short term.”

Sri Lanka has a series of so-called ‘low hanging fruits’ which can be sold down.

These include Sri Lanka Insurance, *residual stakes in already listed companies like Sri Lanka Telecom, and state owned hotels*. (Colombo/Oct05/2022)

samaritan · 11 Re: Focus on Government controlled entities Thu Oct 06, 2022 12:16 pm

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Ekanayake90 wrote:Sri Lanka can raise US$2-3bn by reducing SOEs: President

ECONOMYNEXT – Sri Lanka plans boost central bank reserves by reducing state owned enterprises President Ranil Wickremesinghe told parliament, in a possible reference to a rivatization drive.

“By reducing the burden of SOE we can expand the reserves by getting 2 to 3 billion US dollar,” President Wickrmesinghe told parliament.

“This is the only short term way we can get a few billions of reserves in the short term.”

Sri Lanka has a series of so-called ‘low hanging fruits’ which can be sold down.

These include Sri Lanka Insurance, *residual stakes in already listed companies like Sri Lanka Telecom, and state owned hotels*. (Colombo/Oct05/2022)

People are fed up of this jazz performance without any action. Govt should realize that 'time is of essence'!

Focus on Government controlled entities Maxresdefault

K.R · 12 Re: Focus on Government controlled entities Thu Oct 06, 2022 6:40 pm

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Ekanayake90 wrote:Sri Lanka can raise US$2-3bn by reducing SOEs: President

ECONOMYNEXT – Sri Lanka plans boost central bank reserves by reducing state owned enterprises President Ranil Wickremesinghe told parliament, in a possible reference to a rivatization drive.

“By reducing the burden of SOE we can expand the reserves by getting 2 to 3 billion US dollar,” President Wickrmesinghe told parliament.

“This is the only short term way we can get a few billions of reserves in the short term.”

Sri Lanka has a series of so-called ‘low hanging fruits’ which can be sold down.

These include Sri Lanka Insurance, *residual stakes in already listed companies like Sri Lanka Telecom, and state owned hotels*. (Colombo/Oct05/2022)

CSE - PINS , SLT , LHCL

30/06/2022. 30/09/2022

SLT. Rs. 29 44
LHCL. Rs. 51 91
PINS. Rs. 19 21

ErangaDS · 13 Re: Focus on Government controlled entities Thu Oct 13, 2022 7:26 am

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Sri Lanka aims to raise up to US $ 3bn from SoE sell-downs to prop up reserves

Since taking over, Wickremesinghe has embarked on some bold yet much-needed reforms from raising taxes to introducing new taxes to removing tax exemptions to rationalising state expenditure to reforming to state sector institutional network to most recently the overhauling of the election system, which was accused of fostering corruption and waste at every level of the government.

https://www.dailymirror.lk/business-news/Sri-Lanka-aims-to-raise-up-to-US-3bn-from-SoE-sell-downs-to-prop-up-reserves/273-246683

suku502 · 14 Re: Focus on Government controlled entities Fri Oct 14, 2022 9:50 am

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ErangaDS wrote:Sri Lanka aims to raise up to US $ 3bn from SoE sell-downs to prop up reserves

Since taking over, Wickremesinghe has embarked on some bold yet much-needed reforms from raising taxes to introducing new taxes to removing tax exemptions to rationalising state expenditure to reforming to state sector institutional network to most recently the overhauling of the election system, which was accused of fostering corruption and waste at every level of the government.

https://www.dailymirror.lk/business-news/Sri-Lanka-aims-to-raise-up-to-US-3bn-from-SoE-sell-downs-to-prop-up-reserves/273-246683

what will happened to SLT today ?

K.R · 15 Re: Focus on Government controlled entities Fri Oct 14, 2022 10:17 am

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K.R wrote:

Ekanayake90 wrote:Sri Lanka can raise US$2-3bn by reducing SOEs: President

ECONOMYNEXT – Sri Lanka plans boost central bank reserves by reducing state owned enterprises President Ranil Wickremesinghe told parliament, in a possible reference to a rivatization drive.

“By reducing the burden of SOE we can expand the reserves by getting 2 to 3 billion US dollar,” President Wickrmesinghe told parliament.

“This is the only short term way we can get a few billions of reserves in the short term.”

Sri Lanka has a series of so-called ‘low hanging fruits’ which can be sold down.

These include Sri Lanka Insurance, *residual stakes in already listed companies like Sri Lanka Telecom, and state owned hotels*. (Colombo/Oct05/2022)

CSE - PINS , SLT , LHCL

30/06/2022. 30/09/2022

SLT. Rs. 29 44
LHCL. Rs. 51 91
PINS. Rs. 19 21

LHCL 100

SLT 56
PINS 19.60

Ekanayake90 · 16 Re: Focus on Government controlled entities Tue Oct 18, 2022 7:12 pm

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[size=35]Sri Lanka parliament nods to liberalize petroleum sector amid protests [/size]

This will allow global suppliers to enter as retail operators, eliminate CPC monopoly on Jet Fuel & liberalize energy sector

https://economynext.com/sri-lanka-parliament-nods-to-liberalize-petroleum-sector-amid-protests-101286/

Eranx · 17 Re: Focus on Government controlled entities Tue Oct 18, 2022 9:51 pm

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Now, PLC is accumulating

ErangaDS · 18 Re: Focus on Government controlled entities Wed Oct 19, 2022 7:39 am

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Sri Lanka Economic Summit 2022 to focus on SOE reforms

https://www.themorning.lk/sri-lanka-economic-summit-2022-to-focus-on-soe-reforms/

The session will focus on the ideal overall framework for SOE reform, the models that can be explored for deregulation and divestment, and the reform outlook for key State institutions, as well as addressing the pertinent questions of how to better communicate the urgent need for reform in order to ensure buy-in by the public, trade unions, and other stakeholders.

K.R · 19 Re: Focus on Government controlled entities Wed Oct 19, 2022 2:21 pm

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ErangaDS wrote:Sri Lanka Economic Summit 2022 to focus on SOE reforms

https://www.themorning.lk/sri-lanka-economic-summit-2022-to-focus-on-soe-reforms/

The session will focus on the ideal overall framework for SOE reform, the models that can be explored for deregulation and divestment, and the reform outlook for key State institutions, as well as addressing the pertinent questions of how to better communicate the urgent need for reform in order to ensure buy-in by the public, trade unions, and other stakeholders.

Foundation has been laid for much needed restructuring process

Ekanayake90 · 20 Re: Focus on Government controlled entities Sun Oct 23, 2022 8:14 am

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Implementing the Roadmap to SOE Reform – Opportunities for the Private Sector’

Participants have the opportunity to register online from https://www.chamber.lk/index.php/sles-2022 for the entire two- day summit or choose the sessions they wish to attend. Registrations for the event are now open. For further information, please contact Niroshini on niroshini@chamber.lk or 0115588852; or Alikie on alikie@chamber.lk or 0115588805.

The session will focus on the ideal overall framework for SOE reform, which models can be explored for deregulation and divestment and the reform outlook for key State institutions, as well as addressing the pertinent questions of how to better communicate the urgent need for reforms in order to ensure public, trade union and other stakeholder buy-in.

The plenary will include a presentation by Mr. Suresh Shah – Chairman of the SOE Restructuring Agency, who will be joined by an eminent international speaker, who will speak about the landscape, opportunities and way forward for SOE reforms. Session panellists will include Mr. Dumith Fernando – Chairman, Asia Securities, Mr. Murtaza Jafferjee – CEO, JB Securities Ltd., Dr. Malathy Knight – Research Associate, Verité Research (Pvt) ltd., and will be moderated by Professor Rohan Samarajiva – Chairperson LIRNEasia.

The Sri Lanka Economic Summit 2022 (SLES 2022) is scheduled to be held on 5th and 6th December as a hybrid summit, at the Shangri-La Hotel. The theme for the 22nd Sri Lanka Economic Summit is based on the theme of Resetting from Turmoil to Opportunity.

ErangaDS · 21 Re: Focus on Government controlled entities Tue Nov 01, 2022 5:14 pm

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"You should walk the talk Mr President & it has to be NOW"

President eyes $ 3-4 b via sale of SOEs; says big State sector did not help SL to grow fast
https://www.ft.lk/front-page/President-eyes-3-4-b-via-sale-of-SOEs-says-big-State-sector-did-not-help-SL-to-grow-fast/44-741523

rajini · 22 Re: Focus on Government controlled entities Wed Nov 02, 2022 9:49 am

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ErangaDS wrote:"You should walk the talk Mr President & it has to be NOW"

President eyes $ 3-4 b via sale of SOEs; says big State sector did not help SL to grow fast
https://www.ft.lk/front-page/President-eyes-3-4-b-via-sale-of-SOEs-says-big-State-sector-did-not-help-SL-to-grow-fast/44-741523

It will never going to happen. They will put the burden on the private sector.
Now it is very much clear the plan A is tax the private sector as much as possible (1000 USD has to pay 30% tax) and feed the public sector.

ErangaDS · 23 Re: Focus on Government controlled entities Thu Nov 03, 2022 6:48 am

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There is a strong pro privatization sentiment even within the government, we have never seen such in the history of SL. I believe we are on the right track but we need to fasten the process.

"Sri Lanka’s government in particular should not be in business due to severe policy uncertainty that hit state enterprises, Foreign Minister Ali Sabry said."
https://economynext.com/sri-lanka-government-in-particular-should-not-be-in-business-minister-101717/

D.G.Dayaratne · 24 Re: Focus on Government controlled entities Thu Nov 03, 2022 8:31 am

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Privatization is productive with transparency with out CRONY CAPITALISM

NOT LIKE DURING THE TIME OF JR,PEMADASA, CHADRIKA, MAHINDA MAITHREE AND GOTA.

ADVENTUS · 25 Re: Focus on Government controlled entities Fri Nov 04, 2022 12:40 am

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D.G.Dayaratne wrote:Privatization is productive with transparency with out CRONY CAPITALISM

NOT LIKE DURING THE TIME OF JR,PEMADASA, CHADRIKA, MAHINDA MAITHREE AND GOTA.

WAS LOOKING AT THIS RECENTLY. IN FACT, PREMADASA HAD THE BEST MODEL. WORKED BEST AND WAS TRANSPARENT AND WE ARE STILL BENEFITING FROM IT I.E., TEA INDUSTRY.

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Focus on Government controlled entities

1 Focus on Government controlled entities Mon Apr 18, 2022 9:47 am

Ekanayake90

2 Re: Focus on Government controlled entities Wed Aug 17, 2022 9:44 pm

Ekanayake90

3 Re: Focus on Government controlled entities Thu Aug 18, 2022 9:26 am

D.G.Dayaratne

4 Re: Focus on Government controlled entities Fri Aug 26, 2022 10:56 pm

K.R

5 Re: Focus on Government controlled entities Mon Aug 29, 2022 1:04 pm

ErangaDS

6 Re: Focus on Government controlled entities Mon Aug 29, 2022 1:06 pm

ErangaDS

7 Re: Focus on Government controlled entities Wed Aug 31, 2022 7:34 am

K.R

8 Re: Focus on Government controlled entities Wed Sep 07, 2022 7:37 am

Ekanayake90

9 Re: Focus on Government controlled entities Wed Sep 07, 2022 4:19 pm

Quibit

10 Re: Focus on Government controlled entities Thu Oct 06, 2022 11:09 am

Ekanayake90

11 Re: Focus on Government controlled entities Thu Oct 06, 2022 12:16 pm

samaritan

12 Re: Focus on Government controlled entities Thu Oct 06, 2022 6:40 pm

K.R

13 Re: Focus on Government controlled entities Thu Oct 13, 2022 7:26 am

ErangaDS

14 Re: Focus on Government controlled entities Fri Oct 14, 2022 9:50 am

suku502

15 Re: Focus on Government controlled entities Fri Oct 14, 2022 10:17 am

K.R

16 Re: Focus on Government controlled entities Tue Oct 18, 2022 7:12 pm

Ekanayake90

17 Re: Focus on Government controlled entities Tue Oct 18, 2022 9:51 pm

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18 Re: Focus on Government controlled entities Wed Oct 19, 2022 7:39 am

ErangaDS

19 Re: Focus on Government controlled entities Wed Oct 19, 2022 2:21 pm

K.R

20 Re: Focus on Government controlled entities Sun Oct 23, 2022 8:14 am

Ekanayake90

21 Re: Focus on Government controlled entities Tue Nov 01, 2022 5:14 pm

ErangaDS

22 Re: Focus on Government controlled entities Wed Nov 02, 2022 9:49 am

rajini

23 Re: Focus on Government controlled entities Thu Nov 03, 2022 6:48 am

ErangaDS

24 Re: Focus on Government controlled entities Thu Nov 03, 2022 8:31 am

D.G.Dayaratne

25 Re: Focus on Government controlled entities Fri Nov 04, 2022 12:40 am

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