News

Govt. prioritizes relief for SMEs in SL

Published

6 months ago

November 11, 2024

editor

A special meeting was held today (Nov. 11) at the Presidential Secretariat to address relief measures for Small and Medium Enterprises (SMEs) facing financial challenges.

The meeting was led by the Senior Additional Secretary to the President for Finance and Economic Affairs, Mr. G. N. R. D. Aponsu, and included officials from the Ministry of Finance, the Central Bank of Sri Lanka, and Sri Lanka Banks’ Association (Guarantee) Limited.

The discussions focused on the financial difficulties encountered by SMEs due to loan obligations.

Currently, debt recovery processes under the Parate law have been temporarily suspended for SMEs, with this suspension set to expire on December 15. The meeting considered potential steps that could be taken before the expiration date to further support struggling SMEs.

Attendees examined ways for the banking sector to provide additional support to SMEs and boost productivity in the economy. During the discussions, it was also decided to compile a comprehensive report on the loans taken by SMEs from banks. This report will serve as a basis for designing future relief measures.

Additionally, the Central Bank of Sri Lanka and various commercial banks are evaluating the steps needed for the temporary suspension of debt recovery under the Parate law for SME loans.

The discussion was attended by several key officials, including Mrs. R. R. S. De Silva Jayathilake, Director of Bank Supervision at the Central Bank of Sri Lanka, and Mr. A. M. A. D. Amarakoon, Senior Assistant Director at the Central Bank of Sri Lanka. Also present were representatives from the Sri Lanka Banks’ Association (Guarantee) Limited: Mr. Indrajith Boyagoda, Secretary General; Mr. Dilshan Rodrigo, Chief Executive Officer of Union Bank; Mr. Manoj Akmeemana, Senior Deputy General Manager of Sampath Bank; Mr. Sampath Perera, Deputy General Manager of Bank of Ceylon; Mr. Nalin Samaranayake, Assistant General Manager of Commercial Bank; Mr. Nirosh Perera, Chief Recovery and Rehabilitation Officer of Hatton National Bank; and Mr. Bingumal Thewarathanthri, Chief Executive Officer of Standard Chartered Bank.

(President’s Media Division)

News

Prasanna Ranaweera’s writ petition rejected

Published

1 hour ago

April 28, 2025

editor

The Court of Appeal has dismissed a writ petition filed by former State Minister Prasanna Ranaweera seeking an order to prevent his arrest in connection with a case against the alleged illegal acquisition of state land under the jurisdiction of the Kelaniya Divisional Secretariat.

The order was issued by a bench comprising the President of the Court of Appeal, Justice Mohammed Laffar Tahir and Justice Priyantha Fernando.

Former Minister Mervyn Silva and several others are currently in remand custody, as ordered by the Mahara Magistrate’s Court, in connection with the same incident.

News

CBK files a complaint to EC

Published

1 hour ago

April 28, 2025

editor

Former President Chandrika Bandaranaike Kumaratunga has submitted a written complaint to the Chairman of the Election Commission – R.M.A.L. Rathnayake, alleging the unauthorized use of her name and photograph in election campaigning.

In her letter, she claims that UPFA candidates in the Attanagalla electorate are distributing handouts with her photograph without her consent, alongside those of Lasantha Alagiwanna and Sarana Gunawardena,

She also mentioned that she had previously instructed all candidates not to use her name or photograph in any form.

As this constitutes a violation of election laws, she has requested to immediately halt these activities.

News

03 ex-ministers to face legal action soon – President

Published

1 hour ago

April 28, 2025

editor

President Anura Kumara Dissanayake has stated that legal action will soon be taken against 03 former ministers accused of using vehicles without proper registration.

He made this statement while addressing a public meeting held in Beruwala.

“No village would even drive a motorbike on the roads without registering it. But there was a time when ministers of this country had imported vehicles even when it was forbidden to do so. They use those vehicles without licenses and with fake number plates. They think that the law does not apply to them,” he said.