SOE sales to continue despite MR’s call to halt
The government has no intention of halting the sale of state-owned enterprises, despite the suggestion made by the Sri Lanka Podujana Peramuna (SLPP) Leader and former President Mahinda Rajapaksa this week, official sources said. The SLPP is President Ranil Wickremesinghe’s main coalition partner.
The former President’s proposal, in view of the upcoming Presidential election, to postpone all efforts to sell state-owned assets or enterprises has been firmly rejected by the government, according to a senior official.
The former President had proposed a postponement of all efforts to sell state-owned assets or enterprises.
In a statement, Mr. Rajapaksa urged the current regime to postpone all moves to sell national assets and state-owned enterprises until a new Government is formed following the Presidential election.
A state official said that with the magnitude of the process and the quantum of things done the government has no intention to stop SOE restructuring at this juncture. In March 2023, the Cabinet of Ministers granted in-principle approval for the divestiture of shares held by the Government of Sri Lanka (GoSL) in Hotel Developers (Hilton Colombo), Canwill Holdings (Hyatt) Lanka Hospitals Corporation, Sri Lanka Telecom, SriLankan Airlines, Litro Gas, and Sri Lanka Insurance. Following GoSL’s procurement processes, Transaction Advisors (TA) was appointed for these entities.
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