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.
Tamar Amitai, a 25-year-old Israeli tourist who went missing in Uppuveli, Trincomalee, was found safe after a three-day joint search operation today.
The Colombo High Court today (28) sentenced former parliamentarian Hirunika Premachandra to three years of Rigorous Imprisonment over charges of the involvement of an abduction.
In his special statement, President Ranil Wickremesinghe announced that debt restructuring agreements will postpone all bilateral loan payments to foreign countries until 2028. Additionally, Sri Lanka will have until 2043 to repay these loans on concessional terms.
Leave Comments