6 companies submit RfQs to buy SriLankan Airlines..🛫⚡

Truth Hurts

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  • Jun 15, 2013
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    On 31st October 2023 via international and local media, The Government of Sri Lanka (GOSL) acting through The Ministry of Finance, Economic Stabilization and National Policies called for Request for Qualification (RfQ) from potential investors for the acquisition of shares in SriLankan Airlines Limited.

    The deadline for submission of proposals ended at 2pm on Monday, 22nd April 2024.

    The RfQs received were considered by the Opening Committee appointed by the Special Cabinet Appointed Negotiating Committee.

    6 RfQs were received from the following parties:

    1. AirAsia Consulting Sdn. Bhd.

    2. Dharshaan Elite Investment Holding (Pvt) Ltd

    3. FITS Aviation (Private) Limited

    4. Sherisha Technologies Private Limited

    5. Treasure Republic Guardians Limited

    6. Hayleys PLC

    The RfQs will be evaluated as per the Special Guidelines on Divestiture of State-Owned Enterprises approved by the Cabinet of Ministers in July 2023.

    International Finance Corporation, as Transaction Advisors for the divestiture of SriLankan Airlines Limited, will continue to advise GOSL.

    Newswire
     
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    monson

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  • May 7, 2007
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    Sri Lanka has a bloated public sector and loss-making state enterprises which the influential Marxists Janatha Vimukthi Peramuna (JVP) and previous Rajapaksa regimes have opposed privatizing.

    SOEs are stuffed full of political appointees and are also used by line ministers to get vehicles outside their official allocations.

    The public sector is also bloated with unemployed graduates each year, a strategy also popularized by the JVP which was picked up by then President Mahinda Rajapaksa from 2005 as an election winning strategy.

    - https://economynext.com/sri-lanka-t...-or-migrate-as-progressive-taxes-bite-107768/

    Sri Lanka’s JVP economic pillars questioned as forex shortages, default risks worsen


    ECONOMYNEXT – Three key policy pillars articulated by the Janatha Vimukthi Peramuna from 2001-2004 and embraced by a mainstream politician Mahinda Rajapaksa’s administration in 2005 are being questioned, as the country runs out of forex reserves amid money printing.

    From 2005, Sri Lanka halted privatization, started recruiting tens of thousands of unemployed graduates into the public service every year with lifetime pensions, bloating an already bloated public sector and denying any benefit of a peace dividend to the country.

    Sri Lanka also abandoned a price formula for fuel that had helped keep the rupee stable and inflation low from 2001 to 2003 even as global commodity prices went up from the ‘mother of all liquidity bubbles’ fired by the Federal Reserve from 2001.

    From 2001 to 2003, state workers fell from 1.164 million to 1.043 million. By 2020, the public sector cadre has grown to 1.58 million with another batch of 53,000 unemployed graduates being shovelled tax money.

    ....

    The JVP and statist-nationalists mainstreamed the ideology by describing privatization as ‘selling national assets’ and as the public became more aware of SOE and corruption of political appointees and consultants running them, ‘selling to foreigners’.



    - https://economynext.com/sri-lankas-...s-forex-shortages-default-risks-worsen-89221/

    Sri Lanka started to expand the state giving jobs to unemployed graduates under a policy articulated by the Janatha Vimukthi Peramuna from 2001 to 2004 and was co-opted by ex-President Mahinda Rajapaksa’s ‘Rata Perata’ economic framework to defeat current President Ranil Wickremesinghe.

    The JVP at the time slammed Wickremesinghe for ‘raj-ya sevaya kappadu kireemer’ (trimming the state service) which was embraced by the urban intelligensia who developed the Rata Perata economic framework.


    - https://economynext.com/money-to-pa...s-on-january-25-mostly-found-minister-110004/
     

    Hankook

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  • Apr 4, 2022
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    ඔය darshan elite කියන උන්ට වෙබ් එකක් වත් නෑ..කලු සල්ලි වෙන්න පුලුවන්
     

    shenat

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