Sri Lanka, April 30 -- In a tweet, Shehan Semasinghe, the State Minister of Finance, celebrated the turnaround of state-owned enterprises (SoEs) in Sri Lanka, shifting from a loss of Rs. 743 billion in 2022 to a profit of Rs. 456 billion in 2023. Stressing the significance of this achievement, Semasinghe urged the continuation of the divestment process for selected SoEs to enhance private sector contributions, especially amidst global economic challenges.

Semasinghe's tweet emphasized that ongoing divestment initiatives enable the government to focus on core responsibilities while ensuring effective utilization of taxpayer money. He highlighted the importance of directing resources towards essential public services like healthcare, educa...