With the outbreak of the COVID-19 pandemic, the Central Bank of Sri Lanka (CBSL) has introduced several concessionary schemes since March 2020, to assist affected borrowers
Pradeep Amirthanayagam has been appointed as an Independent Non-Executive Director of the Board of the People’s Leasing and Finance PLC with effect from 15 July.
The present administration has taken every possible step to resurrect the collapsed economy amidst social unrest and unprecedented challenges to bring back the day to day activities to normalcy easing fuel and food crisis to a certain extent , official source said.
In a fresh fiscal policy stance of austerity measures, the Finance Ministry has cut down non-essential capital expenditure in ministries, departments and state institutions in a bid to save money during this economic crisis, a Ministry circular revealed.
Sri Lanka’s State Owned Enterprises (SOEs) are encountering significant operational and financial challenges for its survival in unprecedented political turmoil amidst the weakest state of the economy at present, recent report of the Finance Ministry revealed.
