[Opinion] SOEs fail to declare dividends to govt

Sri Lankan government expedites privatisation of state-owned enterprises, axing thousands of jobs

President Dissanayake has announced that his government will establish a state holding company, and list it on the Colombo Stock Exchange, to accelerate the restructuring of over 400 state-owned enterprises.

SOEs fail to declare dividends to govt

Mathatisi Sebusi AN alarming 60 percent of state-owned enterprises (SOEs) and companies in which the State owns shareholding have failed to pay dividends to the government as expected.  In fact, some of them, according to a parliamentary report, have never paid any dividends to the State, since their inception, raising suspicions that they might be engaging in creative accounting to prejudice Basotho However, other companies in which the governm…

President Anura Kumara Dissanayake says that this year’s budget is a budget that is implemented scientifically and in a planned manner based on data. President Anura Kumara Dissanayake stated this during a discussion held with officials of the Association of Specialist Doctors at the Presidential Secretariat. Historically, various governments have not studied the impact of borrowing and repaying loans on the economy […] The post This year’s budg…