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Ranil tells State banks to look at business plans, not assets – Daily Mirror

Prime Minister Ranil Wickremesinghe and Minister Mangala Samaraweera in conversation with an entrepreneur, eligible to receive concessionary loans under the present scheme in Nikaweratiya Pic by Pradeep Pathirana   By Yohan Perera State banks should change its stance specially when it comes to lending, and thereby should stop focusing on the assets which an entrepreneur … [Read more...] about Ranil tells State banks to look at business plans, not assets – Daily Mirror

More and better jobs critical for Sri Lanka to reach upper-middle income status: WB

The World Bank says that despite natural disasters, Sri Lanka is reaping the benefits of improved revenue collection and managed expenditures and, has thus recorded a primary fiscal surplus for the first time in decades.However, the current domestic political environment has slowed reforms and complicated the stable medium-term outlook, it said.In 2017, for the first time … [Read more...] about More and better jobs critical for Sri Lanka to reach upper-middle income status: WB

IMF calls for Sri Lanka airline shake-up to sustain economy

THE International Monetary Fund announced the release of the latest instalment of Sri Lanka's US$1.5 billion (RM6 billion) bailout today, but warned that restructuring the loss-making national airline was essential to sustain economic recovery.The IMF welcomed the island nation's increase in fuel prices last month – a precondition for it to receive US$252 million of the … [Read more...] about IMF calls for Sri Lanka airline shake-up to sustain economy