The Asia Foundation, backed by a $15 million Google.org grant, recently launched the APAC Cybersecurity Fund in Colombo to bolster the cybersecurity capabilities of over 300,000 MSMEs across 12 Asia-Pacific countries. This initiative aims to equip 13,000 small and medium enterprises (SMEs) in Sri Lanka with essential skills to manage digital security threats, benefiting businesses
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
President Ranil Wickremesinghe announced a Rs 13 billion financial aid package for micro, small, and medium-scale enterprises (MSMEs) in Sri Lanka. This initiative includes both investment and working capital facilities to support MSMEs ahead of local elections. The scheme offers loans at a concessional interest rate of 7% for a period of 10 years, with