Saturday, October 1, 2022
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Auditor General recommends 10 public enterprises be restructured or privatised

The Auditor General has recognised ten public enterprises known for their loss incurring nature and recommended that they be restructured or privatised.

Accordingly, the government is expected to restructure the following public enterprises;

  • Sri Lanka Rubber Manufacturing and Export Corporation
  • Janata Fertiliser Company
  • Lanka Salusala Limited
  • State Trading Incorporated Wholesale Company
  • Lanka Fabric Limited
  • North Sea Limited
  • Lanka Ceramic Company
  • Lanka Cement Company
  • Cement Corporation
  • Lakdiwa Engineering Company

After President Ranil Wickremesinghe assumed office, he proposed that loss incurring public institutions be privatised and a new unit has also been established in this regard.

The unit is entrusted with identifying loss incurring bodies to be privatised.

MIAP

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