Sri Lanka, April 29 -- The Cabinet of Ministers has granted its policy approval for the State-Owned Enterprises (SOEs) Management Draft Bill prepared in order to introduce a new legal framework for the proper management and maintenance of State-Owned Enterprises.

Speaking during the Cabinet press conference held this morning (29), Cabinet Spokesman, Minister Dr. Nalinda Jayatissa said it has been recognized that the SOEs should be restructured and well-managed in a manner without making them a continued burden on the Treasury and the country's economy, with the support of local or foreign investments.

The Minister noted that it is the policy of the new government to introduce an efficient and transparent mechanism for this purpose.

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