President calls on SLIC to step up contribution to economy

Saturday, 8 March 2025 00:23 - - {{hitsCtrl.values.hits}}

President Anura Kumara Dissanayake

Emphasises on necessity for transformation via efficient, productive investments
Stresses need for comprehensive management practices to boost profitability, sustainability as a SOE

President Anura Kumara Dissanayake yesterday called on the Sri Lanka Insurance Corporation (SLIC) to step up its contribution to the overall economic development.

During a discussion held at the Presidential Secretariat with officials of the SLIC, he emphasised the necessity of transforming the State-Owned Enterprise (SOE) into a significant contributor to the national economy through efficient and productive investments.

The meeting included a comprehensive review of

the corporation’s current operations.

The President also highlighted that any financial losses incurred by the SLIC would directly impact the public who have invested in it, thus stressing the need for comprehensive management practices to enhance profitability and ensure its sustainability as a SOE.

The discussion was attended by SLIC Chairman Nusith Kumaratunga, members of the Board of Directors, and senior officials.