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Business community and govt. differ on required medicine to solve economic crisis

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3 years ago

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The government’s decision to make the economy contract has adversely impacted the small and medium enterprises (SME), Chairperson of Sri Lanka United National Businesses Alliance (SLUNBA), Tania Abeysundara said on Thursday evening, following a meeting with MPs in Parliament.

She said that all countries had achieved development by promoting SMEs, and that the Asian Tigers, and even China, had promoted SMEs to ensure that their economies could provide jobs to people.

Abeysundara said the bank interest rates had gone up from nine percent to over 30 percent.

Vehicle Importer’s Association of Sri Lanka, President Indika Sampath Merenchige, said that all the economic decisions were taken by a few people who do not listen to the views of others.

“The government does not think of the SMEs, at all,” he said.

Central Bank Governor, Dr. Nandalal Weerasinghe, addressing an event organised by the ILO and Employers’ Federation, in Colombo, on Thursday, said that they had been compelled to take painful decisions to control inflation.

Dr. Weerasinghe said that the inflation, which rose to 70 percent last year had come down to 30 percent.

“By the last quarter of this year, inflation will drop to a single digit. The decisions we took are correct but painful. High interest rates are tough on businesses. However, we need to take such decisions to ensure that there is no hyperinflation. We are reaching stability and this is needed to ensure that there is recovery,” he said.


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Cabinet aporives recruitment of Nursing Instructors for Nursing Schools under the Ministry of Health and Mass Media on Contract Basis

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2026/09/1

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There are 17 nursing schools under the Ministry of Health and Mass Media including the postgraduate primary nursing school.

There are 142 vacancies in the posts of Grade I / Special Grade Nursing Officer (Education) as on 31.03.2026 in those schools while 24 officers are to be promoted to the special grade on 31.12.2025 owing to the vacancies existing in the post of Special
Grade Nursing Officer (Education). Therefore, the number of vacancies is to be 166.

In addition, there are 24 vacancies in the post of Special Grade Nursing Officer (Education).

Although at present action has  been taken to upgrade the nursing schools to nursing colleges and upgrade the nursing diploma course to nursing degree course, no action has  been taken so far to carry out recruitment for the training relevant to the appointment for the post of Grade I / Special Grade Nursing Officer (Education).

Accordingly, the Cabinet of Ministers granted approval to the resolution furnished by the Minister of Health and Mass Media to recruit  retired nursing instructors and nursing instructors who served in the nursing schools belonging to the three armed forces and are retired or have resigned legitimately from service to the post of Grade I / Special Grade Nursing Officer (Education) on contract basis.

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Signing  agreement for the establishment of BIMSTEC Technology Transfer Facility in Sri Lanka

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7 hours ago

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2026/09/1

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It has been decided to establish a BIMSTEC technology transfer facility in Sri Lanka by entering into a Host Country Agreement at the second leaders’ summit of BIMSTEC (Bay of Bengal
Initiative for Multi-Sectoral Technical and Economic Cooperation) held in New Delhi, India, in 2008, with the objective of enhancing regional cooperation.

The relevant cooperation agreement was signed by the member countries at the 5th BIMSTEC summit on 30-03-2022 in Colombo.
The prime objective of this technology transfer facility is to provide technology, capacity building, and management of intellectual property for the micro, small, and medium-scale
enterprises of the BIMSTEC member countries.

According to the cooperation agreement, an agreement should be entered into between Sri Lanka, as the host country, and  BIMSTEC  Secretariat for formalizing the legal status, privileges, and immunities of the technology transfer facility.

The drafted agreement has received the relevant institutional approval and legal clearance.

Accordingly, the Cabinet of Ministers has approved the resolution furnished by the Minister of Science and Technology to sign the proposed agreement.

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 The cabinet approves agreement on mutual legal cooperation in criminal matters between the Republic of Sri Lanka and the Republic of Korea

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7 hours ago

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2026/09/1

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Approval has been granted at the cabinet meeting held on 11-12-2023 to sign an agreement between the Republic of Korea and the Government of Sri Lanka regarding mutual cooperation
in criminal matters.

However, according to the aforementioned approval, the relevant agreement could not be signed between both parties.

Through this agreement, opportunities will be provided
for mutual assistance to other countries in handing over judicial documents and collecting evidence for the use of criminal case matters.

Accordingly, the Cabinet of Ministers has approved the resolution provided by the Minister of Justice and National Integration to sign an agreement between the Republic of Korea and the Government of Sri Lanka to cooperate in criminal matters.

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