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
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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
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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.
Last edited by D.G.Dayaratne on Fri Nov 04, 2022 8:34 am; edited 1 time in total (Reason for editing : to add more)
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In addition to privatisation they should stop most free handouts except for the very needy (old, weak unable to work etc) there should be a safety net. Especially they should stop free higher education. Also students should be barred from any political activity within the Universities. Private medical schools should be allowed.D.G.Dayaratne wrote:As far as i know most of companies are not managed efficiently.Lot
of corrupt and uneducated people
Plantation sector is managed by schools rejects of high school.
( Pl note that this is a general statement There are exception I mean
honest and efficient people)
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18/11/2022K.R wrote: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
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D.G.Dayaratne wrote:The government will have to face strong reactions if sell FAMILY SILVER
AS A LAST RESORT.
WHY GOVT CAN'T IMPLEMENT STRONG ANT- CORRUPTION POLICY AND
RECOVER LOCAL AND FOREIGN ASSETS OF CORRUPTED POLITICIANS AND HIGH OFFICIALS OF GOVT ?
D.G.Dayaratne wrote:The government will have to face strong reactions if sell FAMILY SILVER
AS A LAST RESORT.
WHY GOVT CAN'T IMPLEMENT STRONG ANT- CORRUPTION POLICY AND
RECOVER LOCAL AND FOREIGN ASSETS OF CORRUPTED POLITICIANS AND HIGH OFFICIALS OF GOVT ?
D.G.Dayaratne wrote:The government will have to face strong reactions if sell FAMILY SILVER
AS A LAST RESORT.
WHY GOVT CAN'T IMPLEMENT STRONG ANT- CORRUPTION POLICY AND
RECOVER LOCAL AND FOREIGN ASSETS OF CORRUPTED POLITICIANS AND HIGH OFFICIALS OF GOVT ?
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K.R likes this post
K.R wrote:18/11/2022K.R wrote: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
LHCL 95.50
SLT 70.50 :fire:
PINS 18.50 :gem:
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ErangaDS wrote:#SriLanka's Cabinet has given 'approval in principle' for the divestment of the stakes held by the Treasury in Sri Lanka Telecom & The Lanka Hospitals Corp
Divestments will be done by the Enterprise Restructuring unit of the Ministry of Finance subject to due process.
Phase 01. SLT LHCL SLIC Sri Lankan
Phase 02. _________ ? (People’s Group , Hotels)
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ErangaDS wrote:#SriLanka's Cabinet has given 'approval in principle' for the divestment of the stakes held by the Treasury in Sri Lanka Telecom & The Lanka Hospitals Corp
Divestments will be done by the Enterprise Restructuring unit of the Ministry of Finance subject to due process.
Phase 01. SLT LHCL SLIC Sri Lankan
Phase 02. _________ ? (People’s Group , Hotels)
K.R likes this post
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