By On November 10, 2023, a formal presentation of the annual dividends from five institutions under the purview of the State Ministry of Primary Industries took place at the Presidential Secretariat, presided over by President Ranil Wickremesinghe. The ceremony marked the remittance of a total sum of Rs. 925 million to the Treasury.
The five institutions that remitted the dividends are:
- National Gems and Jewellery Authority (Rs. 350 million)
- Lanka Phosphate Company Limited (Rs. 300 million)
- B.C.C. Company (Rs. 100 million)
- National Salt Company (Rs. 100 million)
- Sri Lanka Cement Corporation (Rs. 75 million)
The remittance of these dividends is a significant contribution to the national treasury, especially in light of the current economic challenges facing the country. It is also a testament to the resilience and profitability of state-owned enterprises in the primary industry sector.
The primary industry sector is a vital sector of the Sri Lankan economy, accounting for a significant share of GDP and employment. The sector includes agriculture, fisheries, mining, and forestry. The state-owned enterprises in this sector play a key role in developing and promoting these industries.
The remittance of Rs. 925 million by five state-owned enterprises to the Treasury of Sri Lanka is a significant development. It is a testament to the resilience and profitability of the state-owned enterprises in the primary industries sector. It is also a welcome contribution to the national treasury, especially in light of the current economic challenges facing the country.
