Tag: SL Government
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Sri Lanka to lose US$10 billion as compensation for the the X-Press Pearl Disaster
Time is running out for Sri Lanka to take legal action for the X-Press Pearl Disaster claiming environmental damage caused by the fire that broke when the vessel approached the Port of Colombo on May 19, 2021.
ComBank launches two platforms to link local businesses to global markets
Sri Lanka’s Business enterprises have been offered opportunities to establish contacts with their counterparts in overseas via two new palt forms unveiled by the Commercial Bank.
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.
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.