Spruced Up

The governments privatisation arm is streamlining its internal processes and plans to list more state corporations on the Colombo bourse to spur capital market development.
A quotation on the Colombo Stock Exchange infuses financial discipline, corporate governance and adds value to the transaction, says Manjula de Silva, Director General of the Public Enterprise Reform Commission.rn

rn”It need not be wholesale privatisation. We could have more issues like the Sri Lanka Telecom transaction, where the government retains control and offers management,” de Silva told Lanka Business Online in a recent interview.rn

rnDe Silva, who joined the organisation recently said PERC was going on a hiring spree to handle the growing number of state enterprises being offered for sale. rn

rnldblquote We want to become a fully professional organisation. The structure we have in mind is to have four teams who can handle transactions. At the moment we have three teams,
dblquote he said. rn

rnPERC is also being res