Sri Lanka has 80 SOEs that could move out of state hands: official

Sri Lanka has about 80 state commercial entities that need not be in state hands based on several criteria, Director General of State Enterprise Restructuring Unit, Suresh Shah said.

There are about 130 commercial state-owned enterprises (SOEs) in Sri Lanka out of which 15 are non-operational and have to be closed.

There were another 80 commercial entities that did not meet the conventional arguments for being kept in state hands.

These include: having a natural monopoly, having a public service function or being an essential service.

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