The United States is providing a welcome boost to Small and Medium Enterprises (SME) in Sri Lanka struggling with the impact of the pandemic.
The U.S. International Development Finance Corporation (DFC) is awarding a US$75 million funding line to NDB Bank to support its work in expanding and strengthening the SME sector, particularly among women business owners. The funding agreement directs a portion of the loan to businesses that are owned by women, led by women, or provide a product or service that empowers women, the US embassy said in a media release. Last week this line of credit was announced by NDB Bank.
“Improving access to finance will enable women business owners in Sri Lanka to realise their full economic potential and will also help the Sri Lankan economy to grow,” said U.S. Ambassador to Sri Lanka Alaina B. Teplitz. “The United States is committed to ensuring women are employed by and in senior management positions in their own organisations.”
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Cabinet has approved a proposed amendment to the Constitution that a referendum would be required to extend the Presidential and Parliamentary term beyond five years.
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
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