ECONOMYNEXT – Sri Lanka’s Ministry of Finance has issued a circular directing all State-Owned Enterprises (SOEs) to overhaul their processes for donations, sponsorships, Corporate Social Responsibility (CSR) activities, and indirect business-related promotional expenses, while increasing their limits, a government document showed. The Public Enterprises Circular, dated November 19 and circulated to statutory boards, SOE boards, and state banks, introduces a revised framework aimed at ensuring such expenditures align strictly with national development objectives, institutional mandates, and transparent governance standards. The new directive subject to some strict conditions will allow a member of a SOE board of director to spend Rs.…
Sri Lanka FinMin increases spending limit by SOEs on CSR, donations with conditions
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