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Last Updated : 2023-03-25 16:12:00
The total outstanding debt of t he country’s non-financial state-owned business enterprises (SOBEs) has swollen by as much as Rs.12 billion during the first five months to Rs.333.3 billion by the end of May 2013, Mirror Business observes.LAKSHIKA RUVAN Monday, 08 July 2013 07:44 AM
they should get rid of the incompetent management first and then list all the loss making govt businesses on the stock market.that way there will be more transparency and accountability from the management.by doing this we can add value to market capitalization of our tiny stock market and turn all those liabilities in to assets.ex,,harry j s running lanka milk foods,distilleries corp and ambewela dairies somewhat trouble free.if those companies were in govt hands, they would have the same fate with run down operations.
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