Sri Lanka Insurance Corporation (SLIC) may exit from its investment in Distilleries Company of Sri Lanka (DCSL) in the future, according to SLIC officials. "We are now a government entity after the Supreme Court judgment in June. The government policy is 'full stop' to alcoholism (Mathata Thitha). As such we will only be considering DCSL as an ordinary investment," Dr. Nalaka Godahewa, Managing Director SLIC told the Sunday Times FT.
Explaining further, he said that SLIC's main business is in insurance but it also plays a major part as an investment company. "As such DCSL is an investment like many others in our portfolio such as DFCC, Asiri, etc. Lanka Hospitals Corporation Ltd (LHCL) is a very strategic investment, but the others are time bound," he said, hinting that DCSL may be disposed of in time to come.
The Mathata Thitha programme was taken up as the discouragement of the use of alcohol and drugs in the society by the government. Dr. Godahewa said that SLIC will strictly adhere to the government policies.
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