Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.

Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

Sri Lanka News
Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

You are not connected. Please login or register

Sri Lanka Equity Forum » Political and Socio-Economic Analysis » Govt. looking at privatising non-strategic investments to cut debt

Govt. looking at privatising non-strategic investments to cut debt

View previous topic View next topic Go down  Message [Page 1 of 1]


Manager - Equity Analytics
Manager - Equity Analytics
Finance Minister Ravi Karunanayake this morning told an investment forum in Singapore that the government would be looking at privatizing some of the non-strategic investments to cut public-debt. He also said that the government would be listing another set of non-strategic state-owned bodies in the Colombo Stock Exchange in the next three months. He pointed out that three-state owned entities—SriLankan Airlines, Ceylon Petroleum Corporation and the Ceylon Electricity Board— account for 75 to 80 percent of the public debt. Karunanayke said Sri Lanka is aiming at 6 to 9 percent economic growth in the next five years and cutting the country’s growing budget deficit to 3.5 percent of the GDP. Sri Lanka’s budget deficit is estimated to have hit7.2 percent in 2015 and plans to keep it under 6 percent this year. The Central Bank Governor who also spoke at the event expressed confidence Sri Lanka growing at a rate of 6.5 percent in 2016 with Chinese investments continuing. The country is estimated to have grown at 5.7 percent in the last year. (Indika Sakalasooriya in Singapore) - See more at:


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Last unp governments most of privatisation had been totally failed
Because of crony capitalism

Privatisation should be transparent and  through stock maket

According to available information MR govt was not able to misuse funds of Lanka hospital funds even though manged by Family members

It shows privatisation through stock market is better


Associate Director - Equity Analytics
Associate Director - Equity Analytics
We know how they did it in last time.

They converted good state owned bodies with lot of lands and buildings into  bad hells by mismanaging them purposely and sell the 'useless & loss making'  bodies  to friends at bargain prices , hiding real values of fixed assets.

Some of them cost the friends nothing.
For eg. They sold 100% XXX to Mr. H for 150 million LKR. The new owner issued 30 % of it to public and collected 150 million. ! Now the wealth is in many billions.

Hence, as DG said selling 51% to a good entrepreneur  , keeping some % to the Govt and issuing rest  to public is a better way.

View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum