SIX State-owned enterprises are currently not making a profit, according to the Multi-Ethnic Affairs and Public Enterprises Minister Charan Jeath Singh.
Mr Singh said the Government was committed to turning them around rather than closing them.
“I currently oversee 22 public enterprises with eight more recently added,” he said.
Mr Singh said his main focus was improving governance and management.
“I have appointed more than two dozen capable individuals to the boards, bringing in a mix of experience and fresh ideas.”
While responding to queries from the media, he said, strengthening boards was the first step in turning around performance.
“So far, we have appointed 24 to 27 capable individuals. We want people with knowledge, experience, and the ability to drive change.”
“We are adding new directors to existing boards. It will be a combination of experienced and new members.”
He dismissed suggestions that current boards were solely responsible for losses, pointing to operational and structural challenges as key factors.
“It’s not about blaming individuals. It’s about improving systems and governance.”
He said a one-year review would monitor progress, with boards expected to improve finances, strengthen management, and deliver results.
“Within nine months, people will see real progress,” the minister said, confident that strong leadership and government support could make even struggling enterprises viable, especially in rural communities.
