Four subsidiaries of Laugfs Holdings Limited (Laugfs) are slated to raise some Rs. 2.5 billion through a public share issue by next month which will see them securing strategic investments in energy and leisure sectors together with regional expansions, according to officials.
The government is to grant some concessions through the Central Bank to tackle losses incurred by Sri Lankan apparel exporters owing to the withdrawal of the EU GSP+ facility, Finance Ministry sources said. The Central Bank has been directed to offset this loss for Small and Medium scale apparel exporters by providing some financial relief and the modalities of this relief package are being worked out.
