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The purpose of the loan scheme was to encourage the local production, regional development and to boost the revenue streams of the small and medium businesses in Sri Lanka, especially with the aim of withstanding foreign competitors and to elevate import substitution strategies in order to expand the Gross Domestic Product and economic growth ...
The Sri Lankan Rupee (Sinhala: රුපියල්, Tamil: ரூபாய்; symbol: රු (plural) in English, රු in Sinhala, ௹ in Tamil; ISO code: LKR) is the currency of Sri Lanka. It is subdivided into 100 cents ( Sinhala : සත , Tamil : சதம் ), but cents are rarely seen in circulation due to their low value.
COPE consists of 31 Members reflecting the party composition in the House established under the Standing Order 126 at the beginning of each Parliamentary Session and the Chairman is elected by the Members of the Committee at its first session.
The Asian Development Bank said Friday that it has approved $200-million concessional loan to debt-stricken Sri Lanka to help stabilize the country’s finance sector following an unprecedented ...
People's Bank is a state-owned commercial bank in Sri Lanka. The second largest commercial bank in Sri Lanka. Established on 1 July 1961, it has its head-offices at Sir Chittampalam A. Gardiner Street in Colombo. The bank offer both retail and corporate banking services, with a network of 739 local branches, service centers and has an asset ...
Sri Lanka's president said Wednesday that he is seeking a loan repayment moratorium until 2028 as the debt-ridden county tries to emerge from bankruptcy. President Ranil Wickremesinghe told ...
The Ministry of Finance, Economic Stabilization and National Policies [2] (Sinhala: මුදල්, ආර්ථික ස්ථායිකරණ සහ ...
The International Monetary Fund (IMF) said on Tuesday it had delayed discussions on Sri Lanka's next loan tranche due to the country's political crisis. The IMF has disbursed over $1 billion out ...