Bhathiya Barukanda
- A new institution named “Enterprise Sri Lanka” has been established to empower micro, small, and medium enterprises.
- The government’s policy is to always uphold the rights of the people- The President.
President Ranil Wickremesinghe stated that it is not feasible to indefinitely maintain the temporarily suspended Parate law. Consequently, a new bill will be introduced to address bankrupt businesses.
The President also mentioned that the proposed bill includes provisions for restructuring loans taken by Micro, Small and Medium Enterprises (MSME).
Additionally, a new institution named “Enterprise Sri Lanka” will be established to provide necessary support and assistance to Micro, Small and Medium-Scale Entrepreneurs. The President emphasized that the government is committed to encouraging and empowering these entrepreneurs in Sri Lanka.
President Ranil Wickremesinghe made these remarks at the “Critical initiative to revitalize Sri Lanka’s micro, small and medium scale economy” event, organized by the Ceylon Federation of MSME, yesterday (19) at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo.
The President stated that a copy of the new bill, which has already been drafted, can be provided to the Ceylon Federation of Micro, Small, and Medium Enterprises. He requested that micro, small, and medium enterprises submit their views and suggestions on the bill.
Additionally, the President mentioned that an opportunity could be arranged to discuss the issues faced by micro, small, and medium enterprises with the International Monetary Fund delegation scheduled to visit Sri Lanka at the end of this month.
President of the Sri Lanka Micro, Small, and Medium Enterprises Federation Mrs. Sashika De Silva, presented a special commemorative gift to the President.
Text: Madhu Wicramasingha
