Sun, 03 Jul 2022 Today's Paper

Banks grant over Rs.25bn worth debt capital moratoriums to SMEs

30 March 2020 11:21 am - 0     - {{hitsCtrl.values.hits}}

A A A

The banking sector has facilitated debt capital moratorium in excess of Rs.25 billion for over 1000 struggling small and medium-sized enterprises (SMEs) under the SME recovery plan, the Treasury revealed.  


Further, the assistance package has also been extended to cover foreign currency-denominated loans targeting SME exporters and tourism sector stakeholders who have been in particular impacted by the COVID-19 pandemic.


“This package which was only for LKR denominated loans will now be extended to cover foreign currency-denominated loans as well, so as to support SME exporters and in particular, those in the tourism sector effected by the COVID-19 pandemic and the Easter Sunday Terrorist attacks of 2019,” the Treasury stated. 


Further, the government has decided not to revise fuel prices in the local market despite record low oil prices in the world market, and instead low cost of imports in fuel will be transferred through adjustments in the price of essential food items and credit support to businesses, aiming to create a better multiplier effect in the economy.


“In fact, in 2015 with the slashing of fuel prices, the country saw an influx of motor cars which created multiple issues ranging from BOP issues to road congestion and environmental issues,” the Treasury reasoned. 

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  Comments - 0

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.