The State need not engage in business as its mandate is to provide services such as education and maintain law & order, Sri Lanka President Ranil Wickremesinghe said defending plans to divest government-held shares of seven state owned enterprises (SOEs).
At a discussion held at the presidential secretariat Thursday March 23 morning, Wickremesinghe said responding to a question about the decision that Sri Lanka must no longer hold on to corporations and enterprises owned by the government.
Sri Lanka has been spending more on the state-run Ceylon Electricity Board (CEB) and the Ceylon Petroleum Corporation (CPC) than it has been on education, he said.
