Data & Insights on Sri Lanka's State Enterprises

Free and open access to data, analysis and evaluation of the performance of State Owned Enterprises in Sri Lanka.

The State of State enterprises in Sri Lanka

State Owned Enterprises (SOEs) play a significant role in the country’s economy .The continued underperformance of many State Owned Enterpises have accumulated enormous losses, even to the point of destabilising public finances. Our SOE dashboard will analyse the complexity of the problem and emphasise the urgency of reforms.

52 Strategic SOEs

Rs 1.8 Trillion Total SOE Debt (Includes only non financial public corporations) as at 2021

Rs 1.5 Trillion Total Cumulative Losses (2007 to 2021)

Rs 1.5 Trillion+ Total Cumulative Profits (2007 to 2021)

Newswire

Read our latest stories on State Owned Enterprises

Air Asia, SriLanka’s FITS, Hayleys bid for SriLankan Airlines

Malaysia’s AirAsia group, FITS Aviattion of Sri Lanka and Hayleys are among bidders for state-run SriLankan Airlines, a statement from the State-owned Enterprises Restructuring Unit said. Dharshaan Elite Investment Holding (Pvt) Ltd, . Sherisha Technologies Private Limited and Treasure Republic Guardians Limited are the other bidders. Read more on Economy Next

Sri Lanka to conclude most SOE sales by August; Srilankan by Sept

Sri Lanka is expecting to conclude all the transactions related to divestiture of State-Owned Enterprises (SOE) by August this year under an ambitious reform process, the government-led State-Owned Enterprises Restructuring Unit (SOERU) said. However, the divestiture of loss-making Srilankan Airlines is likely to be concluded by September, it said. The SOERU has already called for […]

Sri Lanka cabinet approves revised electricity reform bill

Sri Lanka’s cabinet of ministers have approved an revised bill to reform the country’s electricity sector, Energy Minister Kanchana Wijesekera said. The bill will be published in the government gazette this week and presented to parliament in the last week of April, Wijesekera said in a post of the social media platform X.com (twitter). The […]

Sri Lanka’s Litro Gas sale draws Vitol, Bharat Petro, China Aero among 14 investors

Fourteen investors have expressed interest in the divestiture of Litro Gas Lanka Ltd and Litro Gas Terminal (Pvt) Ltd, Sri Lanka’s State Owned Enterprises Restructuring Unit said. Read more on Economy Next