MONETABRIEF – Sri Lanka will set up a holding company to for 34 state enterprises, President Anura Kumara Dissnayake said.
State enterprises which made big losses in 2022 were now making profits he said.
By August the 50 largest state enterprises had made profits of over 300 billion rupees, he said.
The 2022 losses were mainly due to central bank currency depreciation which bloated the debt of Ceylon Petroleum Corporation, Ceylon Electricity Board and Sri Lankan Airlines.
The central bank also made massive losses on its swaps. (Colombo/Nov12/2026)