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Acquired assets to be privatized again

17 November 2011 09:00 am - 16     - {{hitsCtrl.values.hits}}


The 37 underperforming or underutilizing ventures acquired by the government under ‘The revival of underperforming and underutilizing government assets’ Bill are up for re –lease to the previous owners or any other investor who comes up with a better corporate plan, the government said today.

The cabinet spokesman Keheliya Rambukwella addressing the weekly cabinet news briefing at the Information Department Auditorium said today the government’s intention was to revive those ventures and make them profit making commercial entities while contributing to the economy and protecting the rights of the employees.

“The government is ready to give priority and assess positively the corporate / management plans submitted by those who managed the loss making ventures by the time of the acquisition on November 9th following the debate in Parliament,” Minister Rambukwella said. (By Sandun A. Jayasekera)

  Comments - 16

  • willowsww Thursday, 17 November 2011 09:19 AM

    so who ever pays the highest commission will be given opportunity???

    malkanthi Thursday, 17 November 2011 09:22 AM

    They say, so I say so.

    Teda Thursday, 17 November 2011 09:26 AM

    Sevanagala Suger factory was making profit why was it taken?

    Sukumar Thursday, 17 November 2011 09:43 AM

    The people are also awaiting to take over under performing ministries and assign them to ministers who could presnt a better management plan

    Labby Thursday, 17 November 2011 09:54 AM

    Talking through his hat as usual.

    IND Thursday, 17 November 2011 10:30 AM

    Because it was used for illegal functions. (Not accordance to the agreement)

    HE Thursday, 17 November 2011 11:50 AM

    Because it is belongs to a Opposition MP.

    Roy Thursday, 17 November 2011 12:34 PM

    Well said! :D

    nilame Thursday, 17 November 2011 01:20 PM

    Exactly. More kickbacks.

    ampare son Thursday, 17 November 2011 01:50 PM

    I agree with you

    upul Thursday, 17 November 2011 02:09 PM

    Give Now, Take Later.

    SHAN Thursday, 17 November 2011 03:07 PM

    S K
    Please include me in the list

    Minister Thursday, 17 November 2011 03:52 PM

    Does know the difference between profits and losses?

    Maqs Thursday, 17 November 2011 04:39 PM

    Kidding??? Do you think we Sri Lankans have guts to do those??? Never....

    Thomas Friday, 18 November 2011 03:21 AM

    Is the Govt. in the spree of doing business transactions.?

    Paul Friday, 18 November 2011 05:20 AM

    Can their former owners buy them back?

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