Politics

Govt Should Update Public on IMF Talks: Former President Wickremesinghe

  • October 30, 2024

Former President and United National Party (UNP) leader Ranil Wickremesinghe has urged the government to update the public in the coming days on the progress of its ongoing discussions with the International Monetary Fund (IMF). Speaking at a rally in Athurugiriya on October 28, he underscored the importance of transparency in significant decisions related to

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Business

Sri Lanka to Introduce New Insolvency Bill for MSMEs

  • July 22, 2024

President Ranil Wickremesinghe has announced that a new bill will be introduced to address business bankruptcies, as it is not feasible to indefinitely maintain the temporarily suspended Parate law. The bill will include provisions for restructuring loans for Micro, Small, and Medium Enterprises (MSMEs) and establish a new institution, “Enterprise Sri Lanka,” to support these

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