The Cabinet of Ministers this week granted approval to establish a Youth entrepreneurship development fund to support young entrepreneurs who are facing financial difficulties and resources to start their own business startups.
The fund is to be setupped in keeping up with the government's policy framework 'Vistas of Prosperity and Splendour' along with a lottery to support the fund.
The Cabinet proposal was submitted by the Minister of Youth and Sports to initiate the fund through a Parliamentary act. The Cabinet also directed the Legal Draftsman to prepare the draft bill.
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
Cabinet has approved the appointment of Commodore (retired) M.B.N.A. Premaratne of the Sri Lanka Navy, as the new Commissioner General of Excise.
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