‘Competent authorities’ for takeover appointed
The Sri Lankan government has appointed six “Competent Authorities” that will handle the 37 enterprises that are due to be taken over by the recently passed Assets Acquisition Bill.
The District Secretary of Hambantota and the District Secretary of Monaragala are set to oversee the running of two sugar companies, while the District Secretary of Badulla has been appointed as the Competent Authority for Colombo Commercial Company Limited.