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)

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Read our latest stories on State Owned Enterprises

Sri Lanka Telecom, chairman, directors resign

ri Lanka Telecom Chairman Reyaz Mihular and three have resigned, the company said in stock exchange filings without giving reasons. Lalith Seneviratne, Ranjith Rubasinghe have resigned with effect from January 29 and K A Vimalenthirarajah from January 30, the filing said. Sri Lanka’s Daily FT newspaper reported earlier in the week that Mihular and other directors were […]

Sri Lanka hopes to issue first divestment RFP within a week

Sri Lanka plans to issue to first request for proposal to divest government companies within a week, Director General of State Enterprises Reform Unit, Suresh Shah said. Sri Lanka has a two-stage bidding process where expressions of interest is called, and qualified investors are given request for proposal documents to make financial bids for SOEs. […]

Sri Lanka energy minister ready for CEB employees quitting

The Ceylon Electricity Board will accept the resignation tendered by any of its employees, Sri Lanka’s Power and Energy Minister has said. “I have instructed CEB management to accept resignations of any individual without hesitation and to recover all dues to CEB,” Kanchana Wijesekera said on X Monday (22). Wijesekera was responding to reports of […]

Pettigo, India’s Jio among investors interested in Sri Lanka Telecom

Three investors have expressed interest in the sale of Sri Lanka Telecom shares, the island’s State-Owned Enterprises Restructuring Unit said. They are: Jio Platforms Ltd, Gujrat, India, Gortune International Investment Holding Ltd, submitted by Capital Alliance Limited, and Pettigo Comercio International LDA submitted by NDB Investment Bank Ltd. Jio Platforms is a unit of Reliance Industries, […]