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Govt to introduce QR code system for farmers to provide concessions
With the World Bank’s decision to extend the aid for the agriculture sector modernization project, implemented to introduce new technology in Sri Lanka, for another 18 months, the Government is developing a QR code system for farmers to provide them with the relevant allowances and subsidies.
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.