Sri Lanka should list SoE and increase transparency

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Dec 11, 2019 (LBO) – A top emerging markets investor said the Government should look at listing state enterprises to attract capital.

He said that it will expose their balance sheets and open them for scrutiny.

“Sri Lanka Insurance, state banks, rail and airport would be a good start.”

Dr. Mark Mobius, speaking at a forum in Colombo organized by Cinnamon life further stressing on the issue of privatization said, You don’t have to privatize….

“Just increase transparency of state-owned enterprises, by publicly listing the companies.”

This is a high priority, he said even if they are losing money, because only when issues are made publicly known, where these losses are coming from can be definitively pin-pointed, and as a result, addressed.