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SL Government burdened with unpaid bills of around Rs. 200 billion
The government is compelled to settle unpaid bills of about Rs. 200 billion, mainly to the construction and various other institutions, says the Secretary to the Ministry of Finance Mahinda Siriwardana.
Sri Lanka Entrepreneurs to get insights on Transform Ideas into Action
The Information and Communication Technology Agency (ICTA) of Sri Lanka and partner organizations will mark Global Entrepreneurship Week (GEW) from 14th -20th November 2022.
US$ 1.7 billion in SOE debt owed to China entered Govt books
Cash strapped government is to restructure some of the profit-making state-owned enterprises while taking over responsibility for US $ 1.7 billion owed to China by State enterprises as it seeks to sell them off and restructure its foreign debt to secure an IMF bailout.
Government to introduce public sector transformational reforms
“system works there is a level playing field and there are fewer opportunities for a mis-use of the system or even corruption,” Timmer said.
UDA unveils One-Stop-Shop unit to promote rapid approval for development
In a breakthrough step forward, the Urban Development Authority (UDA) has launched a One-Stop-Shop (OSS) to lure new investments by fast-tracking approval for development applications.