The Asian Development Bank (ADB) has agreed to provide working capital support to revive affected enterprises.
A number of small and medium scale enterprises engaged in manufacturing, import, export, tourism, apparel and other commercial operations have discontinued, primarily as a result of the economic downturn.
Rupees 20 billion will be provided to entrepreneurs through licensed commercial banks and licensed specialized banks at concessional interest rates, the Cabinet has decided.
Rs 15 billion will be used to strengthen existing and new enterprises and the remaining amount of rupees five billion will be used to support enterprises under the non-performing loan category.
The Cabinet approved the proposal presented by the President Ranil Wickremesinghe in his capacity as the Minister of Finance, Economic Stabilization and National Policies.
Public Security Minister Ananda Wijepala told Parliament today that the suspect in the rape of a lady doctor at the Anuradhapura teaching hospital has been identified as an army deserter and he will be apprehended shortly.
Police have arrested the suspect connected to the sexual assault on a female doctor at the Anuradhapura Teaching Hospital today morning in Galnewa.
The Dutch Public Prosecutor suspects two companies of paying bribes in the construction of hospitals in Sri Lanka, according to an investigation by FD, the Dutch financial newspaper.
The Government today tabled in the House the Report of the Commission to Inquiry into the Establishment and Maintenance of Unlawful Places of Detention and Torture Chambers in the Batalanda Housing Scheme.
Former President Ranil Wickremesinghe said today he wholly rejects the Batalanda Commission report and that it was appointed wholly with the intention slinging political mud at him.
Leader of the National People’s Party (NPP) and one time Propaganda Secretary of the JVP Wimal Weerawansa accused the Government of bringing back the “Batalanda Commission” for a media spectacle instead of a genuine concern for those who suffered during the 1988-1990 period.
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