Data & Insights on Sri Lanka's State Enterprises

Sri Lanka to restructure government institutions with environmental responsibilities

The government is to restructure all State institutions with environmental responsibilities, Senior Adviser to the President on National Security Sagala Ratnayake said. A task force will be responsible for formulating, implementing and monitoring environmental protection initiatives in the country. A committee will oversee the strengthening of environmental protection laws and restructuring efforts, Ratnayake said at […]

Sri Lanka’s CPC to implement daily automated price revising system from next year

Sri Lanka’s Ceylon Petroleum Corporation (CPC) is planning to implement a daily automated price revising system from next year, Minister of Power and Energy Kanchana Wijesekera said. Sri Lanka revises the price of fuel on the first of every month. State run CPC raised the price of 92 octane petrol by 20 rupees to 348 […]

SriLankan Airlines ready to recruit foreign pilots if need arises – CEO

State-owned, loss-making SriLankan Airlines will recruit foreign pilots if the need arises, its Chief Executive Officer said, as the national carrier has suffered an exodus of pilots last year following an unprecedented economic crisis. The COVID-19 pandemic, followed by an economic crisis, hit the airline hard as it was deprived of the usual near full […]

Sri Lanka’s SEC approves new listing board and rules for SOEs

Sri Lanka’s capital market regulator has approved the creation of a separate listing board and listing rules at the Colombo Stock Exchange (CSE) for state-owned enterprises’ (SOEs) expected entry into the bourse. The salient features of the rules applicable to the new Board include a stated capital of not less that 250 million rupees revenue, […]