Sri Lanka, June 10 -- Sri Lanka's Government today signed the Statement of Corporate Intent (SCIs) with ten selected State-Owned Enterprises (SOEs) with the view of enhancing the performance of these SOEs.

The Department of Public Enterprises (PED) introduced the concept of SCI in 2017 and the concept was approved by the Cabinet of Ministers on 7 February 2017.

It was initiated by signing SCIs with five Key SOEs; Ceylon Petroleum Corporation (CPC), Ceylon Electricity Board (CEB), Sri Lanka Ports Authority (SLPA), Airport and Aviation Services (Sri Lanka) Limited (AASL) and National Water Supply and Drainage Board (NWS&DB) on 15 March 2017.

Subsequently, followed by the approval of the Cabinet of Ministers, it was planned to sign SCIs wit...