Sri Lanka, Nov. 3 -- The Finance, Planning, and Economic Development Ministry yesterday announced that the process to liquidate 33 selected State-Owned Enterprises (SOEs), which have remained inactive for extended periods and posed a heavy burden on the national Treasury, is currently underway.

Cabinet approval for the initiative, presented by President Anura Kumara Dissanayake in his capacity as Finance Minister, was granted in September 2025. Under this decision, the defunct entities are scheduled for liquidation in two distinct phases.

To drive the restructuring process forward, the Finance Ministry established a Special Liquidation Unit (SLU) in March 2026.

Under the initial phase being executed by the SLU, high-profile inactive en...