Sri Lanka, March 26 -- The Cabinet of Ministers has granted approval to cancel the liquidation of the Cooperative Wholesale Establishment (CWE), to rejuvenate it and recommence commercial operations.

Speaking during the Cabinet press conference held today (26), Cabinet Spokesman Minister Dr. Nalinda Jayatissa stated that the previous government had decided to liquidate the Co-operative Wholesale Corporation Act No. 47 of 1949 and to liquidate the said establishment.

However, there is a possibility to perform a decisive role for the Co-operative Wholesale Corporation in the implementation of government roles within the market operation with the objective of a continuous supply of quality goods and services to the public under a reasonabl...