There are more than 250 loss making public institutions in the country and they together had incurred losses ruling into over Rs 600 billion in 2014, State Minister of Public Enterprise Development Eran Wickremaratne told Parliament today.
The Minister made this disclosure in response to a question raised by Matara District UNP MP Buddhika Pathirana.
Mr.Wickremaratne said that as a remedial action, the government would introduce new legislation in a bid to turn around these institutors.
He also disclosed that the country had suffered a loss of Rs. 14.5 billion due to the cancellation of an order for a super luxury air craft by SriLankan Airlines during the former regime.
(CK)
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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