Sri Lanka, Oct. 29 -- Many draft laws, including the new State-Owned Enterprises (SOE) Act, have got stuck at the Legal Draftsman's Department, casting doubt on the government's plan to pass the SOE legislation by the end of the year, according to Labour Minister and Deputy Minister of Finance and Planning Dr. Anil Jayantha Fernando.

Speaking at the Institutional Investor Forum, jointly organised by the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE), Dr. Fernando noted in response to a question on the SOE Act's timeline that "lots of the drafts got stuck within the Legal Draftsman's Department". While the government hopes to have the bill approved by Parliament by the end of the year, he admit...