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SMEs in trouble over 36-pct bank interest for 7 percent interest loans
Sri Lanka’s small and medium businesses are in more trouble with the increase of bank interest to 36 percent from over 7 percent loans taken during a time when interest rates were kept down by authorities, than recent tax hikes, SME associations complained.
SL’s wholesale and retail sale rebounds but transport and logistics moderate
Sri Lanka’s wholesale and retail sale rebounded while transport of Goods, Warehousing and Passenger Services recorded up and down moderate growth in value added terms, the recent auditor general’s report revealed.
Sri Lanka massive sum Rs.100mn to kick off digital policy planning
In an effort to keep up with the regional peers in technological development, Sri Lanka will allocate Rs 100 million, starting this year, to help transition towards a digital economy.
COYLE urges the government to engage business leaders in policy making process
The Chamber of Young Lankan Entrepreneurs (COYLE) has urged the Government to engage business leaders in the policy making process to ensure fair, sustainable and economically sound decisions.
Govt introduces ‘defence 2030’to upgrade the status of security forces
The cash-strapped nation is planning to reduce the military strength to 100,000 by 2030-end from its current strength of 200,783. The strength would be limited to 135,000 by next year, the Defence Ministry said.