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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.

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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

Sri Lankan Airlines in final debt negotiations: Deputy Minister

Final negotiations to restructure the debt of Srilankan Airlines is under way, Deputy Minister of Finance and Planning Harshana Suriyapperuma said. “Currently the SriLankan Airlines final debt negotiation is underway with the identified parties,” Minister Suriyapperuma told parliament Tuesday. “Once it is finalized we expect the rating assigned to Sri Lanka will be further improved.” […]
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Sri Lankan Airlines back in the red in 2024

State-run SriLankan Airlines has lost 1,960 million rupees in the 7 months to October 2024, reversing 4,133 million profit posted a year ago, a Finance Ministry report said. SriLankan Airlines’ ‘net traffic revenue fell 14.9 percent to 152.32 billion rupees from April to October 2024, against 178,818 a year ago, the report said. To “safeguard […]
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Sri Lanka Airlines to get Rs20bn to repay old debt and interest

State-run SriLankan Airlines will get 20,000 million rupees from tax payer funds to repay old debt and interest, President Anura Kumara Dissanayake said, presenting a budget for 2025. Attempts by previous administrations to sell the airline has failed due to no takers, he said. “Though funds are set aside to repay debt, there is will […]
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Sri Lanka SOE boards to decide on future direction, private capital

The Boards of directors of state-owned enterprises will decide on whether they continue or whether reforms or private capital is required, Deputy Minister of Finance and Planning Harshana Suriyapperuma said. It was not a question of whether the government should be in business or not, but the need for the government to be in a […]
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