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Govt. prioritizes relief for SMEs in SL

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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)

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Major reforms planned for bus transport

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Minister of Transport, Highways, Ports, and Aviation, Bimal Rathnayake, recently held a special discussion with officials from the National Transport Commission (NTC), the Sri Lanka Transport Board (SLTB), and the Provincial Road Passenger Transport Authorities across nine provinces. The meeting led to several key decisions aimed at modernizing and improving the country’s road passenger transport sector.

Among the major initiatives discussed were:

  • Immediate implementation of an integrated bus timetable for the Puttalam route.
  • Launch of a pilot project on Route 138, where all buses operate under a single association with profit-sharing arrangements.
  • Installation of GPS and CCTV systems in buses for improved monitoring and safety.
  • Development of an online ticket booking system in collaboration with the Ministry of Digital Technology.
  • Introduction of random drug and alcohol testing for bus drivers.
  • Mandatory issuance of bus tickets through electronic ticketing machines (implementation phase in progress).
  • Formulation of specifications for buses used in passenger transport.
  • Mandatory seatbelt usage for bus drivers.
  • Identification of new roads/routes for the addition of new bus services.
  • Provision of WhatsApp numbers for passengers to report complaints about buses, with numbers prominently displayed inside buses.
  • Minister Rathnayake emphasized the need for swift action to implement these measures and instructed officials to continuously monitor and report on the progress of each initiative.

(dailynews.lk)

(Except for the headline, this story, originally published by dailynews.lk has not been edited by SLM staff)

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Chongqing gears up for 25th Lijia International Intelligent Equipment expo

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The international internet celebrity city of Chongqing in China will host a grand equipment manufacturing industry event – the 25th Lijia International Intelligent Equipment Exhibition 2025 next month.

The Expo will be held at the Chongqing International Expo Center from May 13th to 16th, 2025, attracting exhibitors and professional visitors from all over the world to discuss and showcase the latest technologies and products in the equipment manufacturing industry.

This exhibition, spanning across 100,000 sq. meters will bring together 1,400 globally renowned enterprises which will showcase their intelligent manufacturing equipment and technology, particularly the latest achievements, cutting-edge technologies, and high-end products in the fields of machine tools, industrial automation and robots, tool holders and measuring tools, sheet metal, die-casting casting, molds, rubber and plastic.

The 2025 Lijia Exhibition will also create multiple themed exhibition islands showcasing manufacturing powerhouses of China, which will comprehensively showcase solutions to industry pain points through on-site demonstrations, technical explanations, and physical displays.

In addition, the exhibition will also hold over 100 industry conferences and events. The main forum, “FIM-Future Intelligent Manufacturing Conference,” focuses on future factories, with the theme of AI+manufacturing. Industry experts are expected to provide suggestions and recommendations for manufacturing transformation.

Organizers point out that for global manufacturing enterprises, the expo is not only an excellent opportunity to learn about the latest technologies and products in China’s equipment manufacturing industry, but also also an important platform for gaining a deeper understanding of the Chinese market and expanding international cooperation. It will also open up opportunities to engage in in-depth exchanges and cooperation with Chinese counterparts, and to jointly promote the development and prosperity of the global equipment manufacturing industry.

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RW issues special statement after exiting CIABOC (Video)

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Former President Ranil Wickremesinghe has left the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) after providing a statement today (April 28).

Soon afterwards, he had also made a special statement in this regard.

(Video : VoiceTube)


(Previous news 2025 April 28 – 9.20.a.m.)

Ex-President Ranil to appear before CIABOC today

Former President Ranil Wickremesinghe is scheduled to appear before the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) today (April 28) at 9.30 a.m.

He has been summoned to record a statement over the statement he had made on MP Chamara Sampath Dassanayake.

Former President Wickremesinghe, who was initially summoned to the CIABOC on April 17 but requested a postponement. He had requested a date after April 27th to appear before CIABOC, citing that his lawyer Ronald Perera is currently abroad.

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