This is a fully government owned company under the Treasury of Sri Lanka. Its functions include Cane Cultivation, Production of brown sugar, the Operation of its Pelwatte Distillery to process ethyl alcohol and bio-compost from molasses as by-products of the sugar manufacturing process, and the Generation of power through biogas. Founded in 1981, it is headquartered in Colombo.
Special Indicator: Performance
Sri Lanka Rupavahini Corporation
The Sri Lanka Rūpavāhinī Corporation, also known as Jathika Rupavahini or simply as Rupavahini, is the national television network of Sri Lanka. Its operations are divided into several Divisions: Programmes, Educational Programmes, News & Current Affairs, Production Services, and Others. The Programmes Division includes the Drama Unit, the Music Unit, and other entertainment units. The Educational Programmes unit involves the Education Service Unit, which broadcasts educational programmes to support students sitting for the G.C.E (A/L), G.C.E (O/L) and Grade 5 Scholarship examinations. The News Unit aims to telecast local and international news, while the Current Affairs Unit produces programmes on current political, economic and social issues. Production Services takes the forefront in providing creative services required for all productions of the SLRC both in studio and outside locations, while the Others segment includes the Engineering, Finance and Administrative Division. The Sri Lanka Rupavahini Corporation (SLRC) was created by an Act of Parliament in 1982, and is located in Colombo.
Sri Lanka Broadcasting Corporation
The Sri Lankan Broadcasting Corporation is a media institution. Its operations are divided into several services. The Sinhala National Service is the flagship national service of the Sri Lanka Broadcasting Corporation. The Education Service conducts seminars targeting students sitting the G.C.E. (Advanced Level), G.C.E. (Ordinary Level) and Grade 5 scholarship examinations. The Commercial Service of the SLBC airs a slew of current affairs and aesthetic programmes, while City FM Service of the SLBC presents a view on local and global current affairs. Other divisions include the Tamil National Service, the Thendral Service, the Muslim Service, English Service, Rajarata Service, Wayamba Handa, and the Music Division. Founded in 1967 by Edward Harper, the Sri Lanka Broadcasting Corporation is headquartered in Colombo.
Sri Lanka Handicraft Board
The Sri Lanka Handicraft Board is a Sri Lankan exporter of Sri Lankan gifts and souvenirs. Its flagship store, Laksala, is the only State owned Gift & Souvenir Boutique. Laksala’s products include clothes, fabric and accessories, gems and jewellery, arts and crafts, leather and ceramicware. Headquartered in Colombo, it was established in 1964.
State Timber Corporation
The State Timber Corporation is in the business of the extraction and construction of timber into sawn timber and finished products. Their operations include the extraction of timber from state farms, the conversion of logs into sawn timber, the treatment of transmission poles and sleepers, and the manufacture of furniture. The State Timber Corporation is a state owned business organisation which was established in 1968. The head office of State Timber Corporation is housed in “Sampathpaya”, Battaramulla, Sri Lanka.
STC General Trading Company
Sri Lanka State Trading (General) Corporation Limited is a fully government-owned institution functioning under the purview of the Ministry of Trade. STC provides a wide range of products and services including office stationery and equipment, construction and hardware items, medical equipment, educational requisites, sports goods, ICT products, electrical & electronics, office furniture, FMCG, automotive batteries & tires, agricultural products, power tools & hand tools, chemical products, etc.. Founded in 1970, it is headquartered in Colombo.
Lanka Sathosa Ltd.
Lanka Sathosa Ltd is primarily involved in the Retail and Wholesale of Consumer Products. It operates through the following segments: Retail and Essentials. The Retail segment manages a network of Lanka Sathosa outlets. The Essentials segment manufactures, produces, and markets essential items such as rice, chickpeas and garlic. Established in 2005, its Headquarters are in Colombo.
Ceylon Fisheries Corporation
The Ceylon Fisheries Corporation is a commercial organisation involved in the production and trade of fish. The Ceylon Fisheries Corporation has five main regions: Production; State Supply; Purchasing, Sales and Distribution; and Product Marketing and Sales Promotion Division. The function of the marketing regions is to distribute and sell fish at all the retail outlets. The function of the Production segment is to purchase and supply the requirements of the marketing regions according to consumer demand. State Supply involves supplying fish to state institutions besides government hospitals. Purchasing, Sales and Distribution is mainly involved in purchasing fish from the local suppliers and issue them to both the Corporation regions and the Private trade on a wholesale basis while maintaining the buffer stock. Product Marketing and Sales makes available quantities of frozen fish, cut and packeted from the Cold Room stocks for sale to the consumer through the Corporation retail outlets, Lanka Sathosa outlets, Co-op Cities and Cargills Food Cities. Established in 1964, it is headquartered in Colombo.
Ceylon Fishery Harbours Corporation
The Ceylon Fishing Harbours Corporation (CHFC) was established with the primary responsibility to deliver quality fishery-harbour related services and provide the fishing community with modern infrastructure and facilities. Its services include vessel berthing, boat lifting and other services used to aid the fishery industry and fishermen. Established in 1972, the Ceylon Fishing Harbours Corporation Headquarters is located in Colombo.
Ceylon Fertilizer Company Ltd.
The Ceylon Fertilizer Company is tasked with the responsibility to provide chemical and organic fertiliser. Some of its products include fertiliser for paddy, coconut, tea, rubber, and other crops. Established in 1957, the company is headquartered in Wattala, Sri Lanka.
Colombo Commercial Fertilizer Company Ltd
The Colombo Commercial Fertilizers Ltd is one of the two state owned organisations engaged in wholesale distribution of quality chemical fertilisers to the farmers in Sri Lanka and assisting in the growth of the agriculture economy of the country. Its main two Divisions are the Processing and Distribution Division, which is responsible for the storage and maintenance of required fertiliser as well as the formulation of fertiliser mixtures, and the Procurement and Supplies Division, responsible for all supplies, imports and shipping related activities. The company produces a variety of fertilisers for a variety of purposes- from Urea and Zinc Sulphate to Dolomite and Borate. Incorporated in 1872, it is headquartered in Wattala, Sri Lanka.
Hotel Developers Lanka Ltd.
Hotel Developers (Lanka) PLC is engaged in the business of hospitality trade, owning Hilton Colombo Hotel. The principal activity of the Company is to carry on the business as proprietor and operator of hotels and for such purpose to construct, purchase, take on lease or otherwise acquire any lands, buildings, and other property and to improve, equip and furnish the same. Its hotel offers multi-function banquet facilities and ball rooms. Headquartered in Colombo, it was founded in 1983.
State Printing Corporation
State Printing Corporation is a state-owned printing company. It operates through the following segments: Security Printing, School Book printing, Special Printing Works, Exercise Books and Packaging. Its Security printing segment provides comprehensive security printing solutions for the National Lotteries Board ,banks, railways, airlines, institutions, telecom and other industries. While its School Book printing segment involves printing all official government school textbooks, its Special Printing segment involves printing orders obtained from Ministries, Government Departments, Annual Reports, University Certificates and so on. Its Stationary and Exercise Books segment and Packaging segment includes the manufacture and export of Exercise books and packaging. Situated in Padukka, Sri Lanka, it was founded in 1982.
Kalubovitiyana Tea Factory Ltd.
Kalubowitiyana Tea Factory Ltd engages in the cultivation, manufacturing and marketing of tea. Its operations are conducted in the Kalubowitiyana CTC Tea Factory, the Derangala Tea Factory, the Hiniduma Hills Tea Factory and the Manikdewela Tea Factory. The Kalubowitiyana Factory produces CTC Teas using the “Cut, Tear and Curl” (CTC) process, whilst Derangala, Hiniduma and Manikdiwela adopt the conventional orthodox process to produce a range of leafy and small grades. Their CTC Black tea and Premium Tea are marketed and sold by the Kalubowitiyana Tea Factory to local and foreign consumers. Established in 1994, the Kalubowitiyana Tea Factory is headquartered in Pannipitiya, Sri Lanka.
Sri Lanka Cashew Corporation
The Sri Lankan Cashew Corporation (SLCC) is involved in the cultivation, processing and marketing of cashew and cashew products. Its operations are divided into five divisions: Marketing, Extension, Plantation, and Research. Its Marketing division involves running cashew processing centers to produce quality cashew kernels and supply value added products to local and international markets, selling cashew and allied products through SLCC sales outlets, providing cashew in bulk to hotels, local confectionary industries and airlines, as well as exporting processed cashew. Its Extension Division aims to help small scale farmers in rural areas through subsidy schemes, training and advising. The Plantation Division runs the plantations and commercial nurseries of the corporation, while the Research Division looks for ways to improve agro techniques and plant protection methods. It also worked with the Faculty of Agriculture and Plantation Management of the Wayamba University of Sri Lanka to develop improved varieties and quality planting materials. The SLCC was established in 1973 and is headquartered in Sri Jayawardenepura Kotte, Sri Lanka
Lanka Mineral Sands Ltd.
Lanka Mineral Sands Ltd is involved in the business of mining, processing and exporting heavy mineral sands and their by-products. Its products include Ilmenite, Rutile, Zircon and Hi-titanium-ilmenite. With its headquarters in Rajagiriya, Sri Lanka it was established in 1957.
Lanka Phosphate Ltd.
Lanka Phosphate Ltd’s (LPL) principal activities include excavating, processing and selling of Rock Phosphate. LPL currently produces two types of rock phosphate fertilizers: Eppawala Rock Phosphate (ERP) and High-Grade Eppawala Rock Phosphate (HERP), which are used as phosphate fertilizer for perennial crops in the country. It also has a Coconut Fertiliser mixing plant which is used as a fertiliser for perennial agricultural crops such as tea, rubber, coconut and export cash crops. Lanka Phosphate was established in 1992 and is headquartered in Colombo.
Kahatagaha Graphite Lanka Ltd.
The Kahatagaha Graphite Lanka Ltd manages the Kahatagaha Mines located in North Western Province of Sri Lanka at Maduragoda, Dodangaslanda in Kurunegala District. It is involved in the mining, processing and marketing of high Carbon Natural Crystalline Vein Graphite and Natural Vein Graphite from these mines. It is headquartered in Colombo, and was established in 1992.
Development Lotteries Board
The Development Lotteries Board has the primary objective of creating a sustainable scheme for the generation of funds for the President’s Fund and the Mahapola Higher Education Scholarship Trust Fund in order to contribute to poverty alleviation, educational development and other development activities. Its products include several varieties of lotteries: Saturday Fortune, Kotopathi Shanida, and others. The Development Lottery Board was founded in 1983, and its headquarters are based in Colombo.
National Lotteries Board
The National Lottery Board’s main objective includes generating funds to meet the development needs of the Government through conducting Draw and Scratch lotteries. Some of these lotteries contribute to a specific cause, such as “Neeroga”, which provides funds to alleviate kidney disease in Sri Lanka, or “Govisetha”, which contributes to the Farmers Trust Fund for the Ministry of Agriculture and Lands. The National Lottery Board was established in 1955 and is headquartered in Colombo.
State Pharmaceuticals Manufacturing Corporation
The State Pharmaceuticals Manufacturing Corp is involved in the business of manufacturing, processing, stocking, packing, repacking and marketing of drugs. Its operations are divided into five segments: Production, Quality control, Formulation Research & Development, Marketing and Other Services. Its Production segment is involved in manufacturing pharmaceutical drugs and conducting initial and in-process testing of the products. The Quality Control (QC) Department is an independent internal regulatory body of the SPMC. Its overall function includes both Quality Control and monitoring of Quality assurance processes of the organisation by implementing a total quality management system and good manufacturing practices. The Formulation R&D segment is primarily involved in the development of new products and introducing them to the current manufacturing stream, and improving existing products. The Marketing segment distributes its drugs throughout its network and also abroad, to destinations including Egypt, Myanmar, Bangladesh and other countries. Other services include its Finance, Engineering and Audit departments. Established in 1987, its headquarters are in Ratmalana, Sri Lanka.
SrI Lanka Ayurvedic Drugs Corporation
The SL Ayurvedic Drugs Corporation is the pioneer of manufacturing and marketing of Ayurvedic Drugs to the government hospitals, Ayurvedic physicians and private sector. Its operations include Production and Quality Control. Production includes producing/importing, selling and distributing Ayurvedic drugs, researching Ayurvedic drugs, raring bees and cattle for Ayurvedic drugs. Quality control involves development of specifications for standardisation of raw materials, extracts and finished products. The SL Ayurvedic Drugs Corporation was incorporated in 1969. Its Headquarters are based in Maharagama, Sri Lanka.
State Pharmaceuticals Corporation
With the largest market share in the industry supplying pharmaceuticals to the nation, SPC’s national role is to serve Sri Lanka by providing safe, efficacious and high quality medicinal products and health services at affordable prices, while promoting the usage of generic drugs. Its services include the Procurement and Supply of Drugs, Laboratory Work, and Awareness Programmes. Its first segment involves distributing drugs to both the private sector market through an open competitive tender procedure and the general public through the State Pharmaceuticals Corp network of Rajya Osu Salas, and other distributors. Its Laboratory work includes testing the drugs, and its Awareness Programmes, which include Programmes for the general public via TV Programmes and brochures, are dedicated to educate people on proper and rational use of drugs and preventive health care. SPC was founded in 1971 and is headquartered in Colombo.
Sri Jayawardenapura General Hospital
The Sri Jayewardenepura General Hospital (SJGH) is a government owned, not for profit tertiary care institute. Having operated for 37 years, this multi-specialty tertiary care centre offers a comprehensive full spectrum of care, ranging from minor ailments to complex brain and heart surgeries at a substantially low cost. Its units include a General Medical Unit, Dermatology Unit, and a Cardiology Unit, amongst others. Based in Nugegoda, the SJGH was founded in 1983.
Independent Television Network
The Independent Television Network Limited (also known as ITN or simply as ITN Sri Lanka) is a Sri Lankan state governed television and radio broadcaster. It operates two TV channels (ITN and Vasantham TV) and two radio channels (Lakhanda and Vasantham FM). ITN operates in six main divisions. Its Marketing Division is responsible for coordinating media sponsorships with various stakeholders. The Engineering segment aims to improve the technical quality of programmes and facilities for programme productions. The Programme Division introduces programmes that cater to its audience, in Sinhala, English and Tamil. News and Current Affairs is tasked with arousing humanitarian aspects. Lakhanda and Vasantham FM serve Sinhala and Tamil speaking communities in Sri Lanka through various programmes. Founded in 1979, ITN is located in Battaramulla, Sri Lanka.
Chilaw Plantation Ltd.
Chilaw Plantation Ltd is involved in Agri Business Management. Its operations are divided into three segments: Coconut and Inter Crop Production, Animal Husbandry, and Value Added Products. While its main crop is coconut, it also grows other inter crops such as cashew, mango, rambutan, and spices. In its animal husbandry segment, it conducts the Buffalo project, in which the fresh milk from buffaloes is used in the manufacture of curd and yoghurt, and the Sheep Project, in which sheep are bred and sold. Its Value Added segment involves the production and sale of cashews, coconut oil and Buffalo curd and yoghurt, which are sold through their Sales outlets and its Head Office, based in Chilaw. The Chilaw Plantations was founded in 1982.
Kurunegala Plantations Ltd.
The Kurunegala Plantations Ltd’s core business interests are in the cultivation, production, processing and sale of coconut, rubber and ancillary crops (such as pepper, cashew, cinnamon, dragon fruit and Mango) with a portfolio of 07 area estates covering over 4971.12 Hectares. Coconut is the main crop in all seven of its area estates, while rubber is confined to two areas. The products of these estates are then sold commercially. This plantation was incorporated in 1992 and has its headquarters in Kurunegala, Sri Lanka.
Janatha Estate Development Board
The Janatha Estate Development Board is responsible for the management of agricultural and estate lands owned by the Sri Lankan Government, and has two main operations: Tea and Rubber. Under its Tea segment, the JEDB owned 16 tea estates that fall into 3 groups: Galaha, Hewaheta and Nawalpitiya. The JEDB commercially sells its inhouse ‘Jana Tea’ and also supplies it to the Sri Lankan Parliament, the Central Bank, and other government stakeholders. Compost is also collected from these estates and sold commercially. The JEDB’s rubber segment produces high-quality natural latex processed products, including Sheet Rubber, Crepe Rubber and Technically Specified Rubber (TSR). The Janatha Estates Development Board was created in 1976 and is headquartered in Colombo.
Sri Lanka State Plantations Corporation
The Sri Lanka State Plantations Corp is in the business of growing, manufacturing and trading tea and rubber, managing agricultural and estate lands it has. Its operations are broken into five. First, the cultivation of crops, including tea, rubber, cardamom, cinnamon, coffee and ginger. Its Harvesting and Disposal of Timber operation involves harvesting and/or disposing matured trees. It is also involved in promoting tourism through the four holiday bungalows it owns, furnished to house local and foreign tourists. Its fourth segment is the selling of its ‘Sanstha Tea’, which is produced in the Vocational Training Centres of the SLSPC Plantations. Its fifth segment involves other activities it conducts such as leasing. With its headquarters in Colombo, the SLSPC was founded in 1958.
National Livestock Development Board
The National Livestock Development Board is primarily involved in developing and marketing livestock and its products. Its operations are divided into three segments: Products, Farms and Bungalows. Its Products segment includes all of the milk products it produces, including fresh milk, eggs, and icecream. In its Farm segment, the NLDB is presently managing 31 livestock and crop integrated farms where livestock and coconut plantations are maintained. The Board also has a training centre at their Gal Pokuna farm to impart practical and theoretical knowledge to farmers. Its Bungalow segment offers circuit bungalows for public reservation in 9 locations all over Sri Lanka. NLDB was established in 1973, and is headquartered in Kottawa, Sri Lanka.
Milco (Pvt) Ltd.
Milco Ltd is one of Sri Lanka’s largest dairy companies. Its principal activity is engaging in the business of collecting, processing, packing, distributing and marketing milk products. These products include pasteurised and sterilised milk, yoghurt, curd, butter, milk powder and others. It owns four factories to carry out the aforementioned processes: the Colombo Milk Factory, Ambewela Spray Dried Milk Factory, Digana Milk Factory, and the Polonnaruwa Condensed Milk Factory. This institution was established in 1956 as “The National Milk Board” under the purview of the Ministry of Agriculture. Its headquarters are in Colombo, Sri Lanka.
State Development and Construction Corporation
The State Development and Construction Corp. is a State organisation that undertakes heavy civil engineering construction works, falling under the purview of the Ministry of Construction, Engineering Services, Housing and Common Amenities. It undertakes the construction of Construction of Bridges, Roads & Highways, Dams, Irrigation structures/Schemes, Hydro Power Tunnels & Power Houses, Water Supply Treatment Works, Buildings & Jungle Clearing and Land preparations. It also manufactures pre- cast concrete products ranging prestressed concrete bridge beams, transmission poles, Concrete railway sleepers etc.. The State Development and Construction Corp was established in 1971 as a State organisation and has its headquarters in Mount-Lavinia, Dehiwala.
Central Engineering Consultancy Bureau
The Central Engineering Consultancy Bureau is primarily involved in the business of construction, consultancy and any engineering related activities. It operates through its Construction and Consultancy segments. Its Construction segment involves the design engineering and construction of various infrastructure projects, including dams, tunnels, and highways. Its Consultancy arm involves expertise in architectural, structural, electrical, mechanical, irrigation and environmental engineering, amongst others. It has also given consultations on nationally important infrastructure such as Kaluganga, Moragahakanda,Uma oya, and Broadlands. Central Engineering Consultancy Bureau (CECB) was established as a fully owned State Enterprise by the Government of Sri Lanka in 1973. It is headquartered in Colombo.
Sri Lanka Export Credit Insurance Corporation
The Sri Lanka Export Credit Insurance Corporation (SLECIC) provides a range of facilities to ensure the financial security of Sri Lankan exporters of goods and services trading on credit terms. The SLECIC operates its products and services in two main segments: Seller’s Risk and Export Credit Guarantees. Seller’s Risk serves the purpose of protecting the export from the risk of non-payment of delayed payment by the overseas buyer due to commercial and political risks. The Export Credit Guarantees to banks mitigate losses suffered by banks on account of non-payment of advances by the exporter owing to protracted default and insolvency of exporters. Founded in 1979, the SLECIC is headquartered in Colombo.
People’s Bank
The People’s Bank is Sri Lanka’s second largest commercial bank. As one of the four Domestically Systemically Important Banks (D-SIB) in Sri Lanka, it offers Retail banking, Enterprise banking, Corporate banking, Treasury, and International Operations. Its Retail banking involves deposit products and advances, amongst others, while its Enterprise banking deals with deposit products, SME loans, Development and Microfinance Loans, and Trade Finance. Corporate banking involves Trade Finance and other general deposit and advances services. The Treasury and Investment banking segment offers Money Market Activities, Trading in Government Securities, Repurchasing Transactions on Government Securities, Foreign Exchange Transactions, Derivative Transactions, Investment Banking, Debt Structuring, Advisory Services and Trustee Services. Its International Operations segment involves Trade Services, Foreign Currency Remittances and Deposits, and International payment and settlement services. Founded in 1961, it has its head offices in Colombo.
National Insurance Trust Fund
The National Insurance Trust Fund Board is primarily tasked with providing all government servants general insurance schemes. It is broken down into five divisions: the ‘Agrahara’ medical insurance scheme, the Strike, Riot, Civil Commotion and Terrorism Fund, Reinsurance, Motor Insurance, and General (Non Motor) insurance. The Agrahara medical insurance scheme involves hospital charge reimbursements, surgery related reimbursements as well as natural death covers. The Strike, Riot, Civil Commotion and Terrorism Fund was established to provide protection for general insurance policies issued in respect of those subjected to loss or damage to their property, setbacks to individual accidents, and bodily injuries occurring as a result of public strikes, civil commotion and terrorist activities in Sri Lanka. NITF’s Reinsurance segment has its primary objective as being an extension of support to all primary insurance companies operating in Sri Lanka while ultimately retaining foreign currency within the country. The motor division of the National Insurance Trust Fund provides comprehensive and third party insurance covers to government institutions and semi-government institutions at an affordable premium. NITF’s General Insurance (Non- Motor) business is subdivided into Fire, Marine, Medical, and Miscellaneous. NIFT was established by the National Insurance Trust Fund Act, No. 28 of 2006 and is headquartered in Colombo.
Sri Lanka Insurance Corporation
Sri Lanka Insurance Corporation engages in the business of life and general insurance services. It operates through the Life Fund and the General Fund business segments. The Life Fund segment represents all long term insurance business related products and riders. The General Fund segment includes short term insurance related to home and travel insurances. The company was founded in 1962 and is headquartered in Colombo, Sri Lanka.
Employees’ Trust Fund Board
The Employees’ Trust Fund Board currently operates under the purview of the Ministry of Finance with the objective of promoting employee ownership, employee welfare and economic democracy through participation in financing and investment. The Operational areas of ETFB can be broadly divided into Collection & Employer Relations, Member Services and Investments. The Contribution Collections and Employer Relations Division involves the timely collection of contributions from employers, collection of surcharges, finding defaulters/ non contributors, and taking legal action against defaulters. The Investment Division is set up to manage the Investment Portfolio of the Board. The prime objective of this unit is to earn optimum returns while maintaining safety of investments and liquidity. The main functions of the Member Services Division include updating and maintaining Member Accounts, issuing Annual Member Statements (AMS) to members, speedy processing of General Benefits (Normal & Death Claims) and maintaining other Welfare Benefit Schemes for the active members. The ETF was founded in 1980 and is headquartered in Colombo.
Regional Development Bank
The Regional Development Bank is involved in improving the living standards of the rural masses by providing them accessible and affordable credit facilities that in turn would contribute to strengthening the rural economy. Its products and services include savings accounts, investments, leasing, loans and advances, and money transfer services. These services aim to empower their customers in the micro, small and medium-scale industries, women entrepreneurs as well as those in the agriculture, livestock, fisheries and other small industries. Founded in 2010, the RDB is headquartered in Kelaniya, Sri Lanka.
HDFC Bank
HDFC is a licensed specialised bank under the Ministry of Finance and Planning. HDFC Bank’s core focus lies in fulfilling housing based financial needs of Sri Lankans. It specialises in loans and other forms of financial assistance related to housing purposes and real estate business. Its products include housing finance, leasing, pawning, EPF backed housing loans, deposits, and Education and SME Development loan schemes. The company was founded in 1984 and is headquartered in Colombo, Sri Lanka.
State Mortgage & Investment Bank
The State Mortgage and Investment Bank is one of the longest standing banks in Sri Lanka, and operates as a licensed specialised bank. The Bank is primarily involved in the housing finance and the SMEs and agriculture segment, but has been trying to expand to the manufacture and production of agricultural and industrial products. Its product portfolio for Consumer banking includes mortgage loans, savings accounts, fixed deposits, pawning and other loan services. Its SME segment involves tailored SME loans and microlending solutions. Headquartered in Colombo, the SMIB was founded in 1931.
National Savings Bank
NSB is a state-owned savings bank in Sri Lanka. It operates in four quintessential segments: Retail banking, Corporate, International Banking and Treasury. Its Retail banking segment provides a full range of products: savings accounts, term deposits, mortgages, personal loans, small business lending, and everyday financial and investment advice. Corporate banking comprises corporate lending, multiple finance, loan syndication, and debt origination as well as risk management products. It offers sources of funding to large corporations, banks, financial institutions, and their subsidiaries as well as state-owned enterprises. Thirdly, the International banking segment offers an array of solutions in relation to foreign currency, engaging activities of foreign currency deposits, inward and outward remittances, foreign currency exchange, issuance of import letter of credit, handling of import bills, and issuance of shipping and air freight guarantees. Treasury and dealing segment engages in investment in Government Securities, equities, FX, repo borrowings, and reverse repo lending. It also carries out fund raising activities through debentures and bonds based on the liquidity requirement of the Bank. It was incorporated in Ceylon in 1971.
Bank of Ceylon
The Bank of Ceylon is a fully state-owned, Domestic Systemically Important Bank in Sri Lanka which offers commercial banking, investment banking and other financial services. It operates through three integrated solutions: Retail Banking, Corporate and Offshore Banking, and International, Treasury, Investment and Overseas. The Retail Banking segment involves investment, lending and transactional products to individuals, SME and micro-enterprises. The Corporate and Offshore provides investment, lending and transactional solutions to corporates, projects, the Government, and state-owned enterprises. Its third segment offers fund management, financial foreign-currency related investment transactions, correspondent banking and overseas operations. It was founded by Ernest De Silva in 1939 and is headquartered at Colombo, Sri Lanka.
Agriculture and Agrarian Insurance Board
The Agriculture and Agrarian Insurance Board is responsible for protecting local agriculture and agriculturists in the face of unpreventable natural disasters caused by climatic and weather changes. The Board operates through five main segments: Operations, Insurance, Farmers’ Pension Division, Planning, and Administrative and Finance. The Operations Division is involved in operating insurance schemes with the objective of supporting local agriculture and agriculturists. These schemes include crop insurance schemes and livestock insurance schemes, amongst others. The Insurance Division deals with the compensation payments and disbursement of funds to farmers. The Farmers’ Pension Division is tasked with the payment and coordination of farmers’ pensions and their death and disability benefits. The Planning Division plays a crucial role in the preparation of the corporate plan, the action plan and all institutional plans incorporating the future programme of work expected to be implemented by the Board and is responsible for addressing all requirements in the implementation of plans so designed. The Administrative and Finance team is involved in all other administrative and funding work. Established in 1973, the Board is headquartered in Nugegoda, Sri Lanka.
Ceylon Electricity Board
As a state-owned enterprise, the Central Electricity Board is under the regulatory purview of the Public Utilities Commission of Sri Lanka. Its main operations are broken into three divisions: Electricity generation, transmission and distribution. The Generation Division is responsible to operate, maintain and rehabilitate all power plants owned by the Ceylon Electricity Board. The Transmission Division is responsible for procuring and selling electricity in bulk to distribution licensees, ensuring that there is sufficient capacity from generation plans to meet reasonable forecast demand for electricity, and maintaining system transmission voltage variations. The Distribution Division is responsible for the electricity distribution in the country. Headquartered in Colombo, the CEB was founded in 1969.
Ceylon Petroleum Corporation
The Ceylon Petroleum Corporation was established as a public corporation.It operates through two main Operations: Selling and Refining. Selling is broken down into seven segments including Transport, Aviation, Power Generation, Industries, Domestic, Agro and Exports. The Transport segment comprises auto fuels supplied through CPC’s island-wide dealer network. The Aviation segment supplies aviation fuel to all local and international airlines and other customers. The Power Generation sector provides the crucial fuel supply to the CEB and independent power producers to ensure continuous electricity supply in the country. The Industries segment provides industrial kerosene, Fuel Oil to industries, Lubricant, Bitumen and Solvent. The Domestic Sector comprises Kerosene and Liquid Petroleum Gases. The Agro segment provides high quality agro chemical products, while the Exports segment involves the export of Naphtha and Furnace oil. The CPC Refinery is involved in producing petroleum products through a refinery process which is then transferred for distribution. The Ceylon Petroleum Corporation was founded in 1961 and has its headquarters in Colombo.
Sri Lanka Ports Authority
The Sri Lanka Ports Authority is the state-owned operator of major commercial ports in Sri Lanka. It is responsible for operating ports in Colombo, Galle, Hambantota, Kankesanthurai, Oluvil, Point Pedro and Trincomalee. Its operations in these ports include Berthing, Imports, Exports, Development Projects and Procurement. The SLPA was founded in 1979 and is headquartered in Colombo.
National Water Supply and Drainage Board
The National Water Supply and Drainage Board is the National Organisation responsible for the provision of safe drinking water and facilitating the provision of sanitation to the people in Sri Lanka. It operates through the Water Supply and Sewerage segments. The Water Supply segment involves producing adequate safe drinking water. Its Sewerage segment involves conducting new and maintaining existing sewerage system projects. Founded in 1975, it is headquartered in Moratuwa, Sri Lanka.
Airport and Aviation Services (Sri Lanka) Ltd.
Airport and Aviation Services (Sri Lanka) (Private) Limited is a fully government owned company with statutory powers to manage and develop civil airports in Sri Lanka. Its operations are broken down into three main tasks, for which several divisions have been made. These three tasks include the development, operation and maintenance of the Bandaranaike International Airport, Mattala Rajapaksa International Airport, Ratmalana Airport, Batticaloa Airport and the Jaffna International Airport; the provision and maintenance of search, rescue and firefighting services and aviation security services at the above aerodromes and the provision of air traffic services, aeronautical information services, aeronautical communication services; and the provision of aeronautical aids for communication, navigation, surveillance, ensuring the safety and security of all aircraft and passengers within the Colombo Flight Information Region (FIR). Airport and Aviation Services was founded in 1982 and its Headquarters is located in Katunayaka, Sri Lanka.
SriLankan Airlines Ltd.
SriLankan Airlines is the national carrier of Sri Lanka based in Colombo. Its Business Units are divided into four segments: SriLankan Airport and Ground Services; SriLankan Aviation College (SLAC); SriLankan Engineering (SLE) and SriLankan Catering Limited. The SriLankan Airport and Ground Services is involved in handling flights, passengers, baggage and other cargo operations. The SriLankan Aviation College is the training arm of SriLankan Airlines and extends comprehensive aviation study options to students and working professionals. SriLankan Engineering is the in-house aircraft maintenance division of the carrier, while SriLankan Catering is the sole provider of inflight catering at the Bandaranaike International Airport. SriLankan Airlines was founded in 1979 and has its headquarters in Katunayake, Sri Lanka.
Sri Lanka Transport Board
The Sri Lanka Transport Board is a bus service provider in Sri Lanka. It operates in three main divisions: Operations, Engineering, and Administrative. Its Operations Division involves its operation of buses throughout the island, with special bus services for early morning and late night workers, rural areas, school children and so on. The Engineering Division is involved in repairing and maintaining the bus fleet, while the Administrative Division includes the Secretariat, Internal Audits, Human Resources, Information and Communication Technology, Supplies/Commerce, and the Training, Research and Development segment. The SLTB was founded in 1958. Its headquarters are in Pettah, Colombo.
State Engineering Corporation
The State Engineering Corporation contributes to the Nation in large scale design & Construction, Training of Engineers, Technicians and other related professionals. Founded in 1962, its Headquarters are located in Colombo, Sri Lanka.