Tag: SL Government
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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.
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.
SL Trade deficit narrows significantly in February amid declining imports
Sri Lanka’s deficit in the merchandise trade account witnessed a significant contraction in February, due to a significant moderation in the import expenditure, arising out of the aggregate demand conditions.
Sri Lanka’s China swap of US $1.4 billion to be extended for three years
A swap with the People Bank of China is to be extended for another three years from 2024, according to documents released with the approval of a deal with the International Monetary Fund.