SL passes law allowing government to take over businesses

[lkdood]

Sri Lanka's Parliament has passed a law allowing the government to take over private businesses which are deemed to be underperforming.

Opposition parties opposed the Legislation, saying the move amounted to nationalization.

Authorities have listed 37 companies to be taken over under the law, titled "Revival of Underperforming Enterprises and Underutilized Assets."

Economic Development Minister Basil Rajapaksa says the law passed Wednesday seeks to acquire government assets that had been leased out to the private sector under various conditions.

Opposition parties say the law will discourage local and foreign investment.

 

[Lokka Ayya]

chaterrrrrrrrrrr...

 

[lkdood]

122 voted for the bill while 46 voted against it.

Those who opposed the bill were the UNP, JVP and TNA.

 

[coolshano]

pattaaaa, niyamai....

 

[MuslimLankan]

hari ithin okata ochchara kaa gahanna one nahane. under performing companies rajayata pawaraganana hadanne private sector ekata wade karanna bari nisane. private sector ekata wadey karanna barinam wada tika rajayata baara denna one. under performing companies me rate aarthikayata honda naha. me gana kalabala wenna one api newei international investorsla! lankawe forigen company ekak open karanna issella egollo me law eka ganath salakala balai. hondai nam lankawe wada karai! honda naththam wena ratakata yai. apata kohomath under performing companies one nahane.

 

[cresendo]

hari ithin okata ochchara kaa gahanna one nahane. under performing companies rajayata pawaraganana hadanne private sector ekata wade karanna bari nisane. private sector ekata wadey karanna barinam wada tika rajayata baara denna one. under performing companies me rate aarthikayata honda naha. me gana kalabala wenna one api newei international investorsla! lankawe forigen company ekak open karanna issella egollo me law eka ganath salakala balai. hondai nam lankawe wada karai! honda naththam wena ratakata yai. apata kohomath under performing companies one nahane.

Hmm. yeah right..
Petroleum, CEB, CTB, CGR etc.. talk about it..

 

[tharindudoo]

aasiyave ayishcharya,,,maru maru,
apitath podi kuttiyak hari dila kapiya

 

[lkdood]

Hmm. yeah right..
Petroleum, CEB, CTB, CGR etc.. talk about it..

Mihin Lanka, Sri Lanka Cricket, Rupavahini, ITN

 

[Sparxrc]

hari ithin okata ochchara kaa gahanna one nahane. under performing companies rajayata pawaraganana hadanne private sector ekata wade karanna bari nisane. private sector ekata wadey karanna barinam wada tika rajayata baara denna one. under performing companies me rate aarthikayata honda naha. me gana kalabala wenna one api newei international investorsla! lankawe forigen company ekak open karanna issella egollo me law eka ganath salakala balai. hondai nam lankawe wada karai! honda naththam wena ratakata yai. apata kohomath under performing companies one nahane.

wt abt mihin lanka !!! it wont get any btr

 

[dakshina11]

hari ithin okata ochchara kaa gahanna one nahane. under performing companies rajayata pawaraganana hadanne private sector ekata wade karanna bari nisane. private sector ekata wadey karanna barinam wada tika rajayata baara denna one. under performing companies me rate aarthikayata honda naha. me gana kalabala wenna one api newei international investorsla! lankawe forigen company ekak open karanna issella egollo me law eka ganath salakala balai. hondai nam lankawe wada karai! honda naththam wena ratakata yai. apata kohomath under performing companies one nahane.

machan one of governments main target is sewanagala sugar factory which is a profitable company currently under daya group

 

[sx1]

Mihin Lanka, Sri Lanka Cricket, Rupavahini, ITN

Is this so called list of companies published anywhere ?? as in the names of those 37..

 

[prasadana2]

so they take only the 37 listed or they can take more?

 

[urajdrlk]

එල එල සුභ අනාගතයක් ඒවටත්.....

 

[Antidote XD]

Mihin Lanka, Sri Lanka Cricket, Rupavahini, ITN

no macha..ITN is nota under performing company...

 

[lkdood]

no macha..ITN is nota under performing company...

they are government (tax payer) supported entities not private

 

[lkdood]

machan one of governments main target is sewanagala sugar factory which is a profitable company currently under daya group

that is a target because the owners have connections to the opposition (UNP)

 

[lkdood]

wt abt mihin lanka !!! it wont get any btr

elakiri member MuslimLankan says the government is doing a great job running businesses & services

so he wants the government to take over more companies from the private sector

he's in another world

all government run entities are making huge losses & are not run efficiently

tax payers are suffering because of the waste & corruption

 

[MuslimLankan]

elakiri member MuslimLankan says the government is doing a great job running businesses & services

so he wants the government to take over more companies from the private sector

he's in another world

all government run entities are making huge losses & are not run efficiently

tax payers are suffering because of the waste & corruption

i said its a good idea to take over under performing companies. these companies are not good for lankas boosting economie. remember the word "under perfoming" buddy.

Mihin Lanka, Sri Lanka Cricket, Rupavahini, ITN

* the concept of mihin lanka is good! this is just the beginning. things will change very soon. mihin is the one and only budget airlines that offers free food in asia. the future of mihin is good. now they got a new flight too.

* ITN is not an under performing company

* Cricket ? yes i accept that the cricket broad got some problem with their money management. thats why military is controlling cricket grounds now. army belongs to government too. when things are not done in the correct way! we will use the military to make it correct.


Sri Lanka got a bright future! we are doing a economic war after a 30 year civil war.

 

[u_make_me_sick_]

i said its a good idea to take over under performing companies. these companies are not good for lankas boosting economie. remember the word "under perfoming" buddy.



* the concept of mihin lanka is good! this is just the beginning. things will change very soon. mihin is the one and only budget airlines that offers free food in asia. the future of mihin is good. now they got a new flight too.

* ITN is not an under performing company

* Cricket ? yes i accept that the cricket broad got some problem with their money management. thats why military is controlling cricket grounds now. army belongs to government too. when things are not done in the correct way! we will use the military to make it correct.


Sri Lanka got a bright future! we are doing a economic war after a 30 year civil war.

Woow , u seems to be smoking weed for long time bro, where on the earth u live..Certainly neither Sevanagala nor Pelawaththa are under perfoming. Sevanagala is profiting heavily past few years,

Hehe dude, study some more, Mihin Lanka is the biggest failure of the recent history apart from Hambanthota port, ‘Mihin Lanka that gobbled Rs.5930 million within a period of five years incurred a loss of Rs.6816 within the same period. Dude, its all abt our tax money, Umba wath umbe maha ekage wath salli newe.

 

[GTRZ]

Some of the private industries they are going to take over are corrupted deals during UNP governments. Selling government assets very cheap to private friends or for commission telling underperformed government institutions must be privatized. Most of them were made to under perform by the corrupted people themselves.