The Finance Ministry has earmarked around 120 state-owned enterprises for privatization, a senior official has told ‘Lankadeepa.’
These institutions, several profit-earning entities among them, will be privatized in stages.
The transfer of their state-owned shares to the private sector is intended to raise productivity for higher revenue for the state, said the official.
Among the first to be privatized will be SriLankan Airlines, SriLankan Catering, Sri Lanka Telecom, Sri Lanka Insurance, Grand Hyatt Hotel, Hilton Hotel, Litro Lanka and Lanka Hospitals.
Meanwhile, Neth News has found during a field visit that people agree with the privatizing of loss-making state enterprises in order for them to receive concessions.
Their restructuring will prevent fraud and corruption and ensure an efficient service, said Colombo University’s economics lecturer Dr. Priyanga Dunusinghe.
Trade unions should support the government to overcome the economic crisis, he also said.