Published On : Wed, Aug 10th, 2016

Will never allow sale of profit-making state institutions – President

1314186941ms5President Maithripala Sirisena says that as a policy he would never allow for a profit-making state-owned institution to be sold.  He pointed out that the government would have to join together with the private sector in order to increase the profits of loss-making institutions and improve their productivity.

However, the President emphasized that he would never allow any profit-making state institutions to be sold.  The President was addressing the opening ceremony of a new warehouse at the Port of Colombo today (10).

He stated that the government has received an income of Rs 40 billion from the Colombo Port last year and that he hopes to see this progress even more in the future.

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