Foreign Employment Minister Nanayakkara says SL’s bankrupt status will be removed in a few months

Date:

The bankrupt status embodied to Sri Lanka will be lifted in a matter of a few months this year, said Labour and Foreign Employment Minister Manusha Nanayakkara, addressing a public rally.

Claiming that Sri Lanka is ‘not’ a bankrupt nation, Nanayakkara emphasised that the government has started repaying the loans and is able to bring in new investments.

He added that salaries will be increased and taxes and bank interest rates will drop, in what he described as Sri Lanka’s path to be commenced to move forward.

Many people are unable to accept this progress and hence their willingness to sabotage it, he added.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

US Tariff Cut Not Enough: Sri Lanka’s Seafood Exports Struggle to Stay Afloat

US Tariff Cut Not Enough: Sri Lanka’s Seafood Exports Struggle to Stay Afloat

Apparel Industry Warns of Cost Hike amid Renewed Threat of Hidden Port Charges

Apparel Industry Warns of Cost Hike amid Renewed Threat of Hidden Port Charges

Sri Lanka Rises in Global Investor Rankings as FDI Momentum Builds in 2025

Sri Lanka Rises in Global Investor Rankings as FDI Momentum Builds in 2025

SLPA Sets Up New Company for Colombo Port’s East Terminal amid Delays and Irregularities

SLPA Sets Up New Company for Colombo Port’s East Terminal amid Delays and Irregularities