Srilanka, Jan. 31 -- The government is making a fresh approach to revive the loss-making state institutions, which includes shutting down unviable entities, listing selected institutions on the Stock Exchange (CSE), merging certain organizations, and redefining operational mandates.

President Anura Kumara Dissanayake hinted at this when he addressed the Sri Lanka Economic Summit organized by the Ceylon Chamber of Commerce recently.

Citing an example, he said private companies carry out far more efficient work in the construction industry than the state owned enterprises. He said the government mulls the closure of such state ventures since they are redundant in the presence of an efficient private sector. However, he refrained from nam...