By Yoshitha PereraSri Lanka’s state-owned enterprises (SOEs) continue to suffer massive losses for a prolonged period. 69.4 billion while the other 19 SOEs made net losses amounting to Rs. The State Minister added that all governments have to follow the above procedure while providing a safeguard to those operations. According to the report, as a result, the CPC’s outstanding borrowings from two state commercial banks increased to Rs. With cabinet approval, the two state banks had also provided $ 75 million for working capital purposes in 2021.

Source: The Nation July 10, 2021 16:41 UTC