Public Enterprises Development bill in Parliament next month

 
The Public Enterprises Development Bill aimed at improving the management of state-owned enterprises (SOEs) is to be presented in Parliament next month, Minister of Development Strategies and International Trade Malik Samarawickrama revealed at the final session of the 'Sri Lanka Economic Summit 2016' in Colombo 2016 on Tuesday.   

The Bill, providing provisions for efficient governance of state owned institutions and the setting up of a Public Enterprise Development Board (Board), has been prepared by the Ministry of Public Enterprises Development, he disclosed. This ministry comes under Minister Kabir Hashim and Deputy Minister Eran Wickramaratne.
This new Board comprising top officials of the public and private sectors, representatives of trade unions and professionals of the relevant fields will handle the managerial appointments of SOEs and the monitoring of the progress of the institutions constantly, he said adding that it will be set up following the model of Singapore’s Temasek and Malaysia’s best practices (Kaza model). (Bandula)