header logo
සිංහලதமிழ்
Rhythms of Lanka
Mogo Academy
Latest
Over 200,000 SMEs ceased operations between 2018–2022, says Deputy Minister
Apr 09, 202601:00 PM
Google NewsAdd on Google
Over 200,000 SMEs ceased operations between 2018–2022, says Deputy Minister
Mobitel Inner

More than 200,000 micro, small, and medium-scale enterprises (SMEs) in Sri Lanka ceased operations between 2018 and 2022 due to various reasons, the Deputy Minister of Finance and Planning, Dr. Anil Jayantha Fernando said.

 

Speaking in Parliament today (09), the Deputy Minister revealed that approximately 108,000 businesses ceased operations as a direct result of the economic crisis.

 

He added that a further 155,000 enterprises were shut down due to other factors.
According to the Deputy Minister, data from the Department of Census and Statistics indicates that Sri Lanka had around 1.3 million registered institutions during the 2018–2022 period. Of these, about 1.037 million remain operational.

 

He also noted that a comprehensive listing of institutions is conducted once every 10 years, with the most recent census having been carried out in 2013.

 

 

 

MostRead
Mobitel Upahara
VideoStories
Eight dead, over 11,000 affected by adverse weather Heavy rains expected after Thursday: Met. Dept.

Eight dead, over 11,000 affected by adverse weather Heavy rains expected after Thursday: Met. Dept.

Parliament heats up over judges’ retirement age 22A draft will be gazetted shortly: Justice Minister

Parliament heats up over judges’ retirement age 22A draft will be gazetted shortly: Justice Minister

“Chief Prelates did not oppose judicial reforms” Govt seeks to increase retirement age of all judges

“Chief Prelates did not oppose judicial reforms” Govt seeks to increase retirement age of all judges

Thai, Sri Lankan cultures celebrated at Thai festival 2026 held in Colombo

Thai, Sri Lankan cultures celebrated at Thai festival 2026 held in Colombo

“There is another reason behind the rush” – Lawyers’ body questions judges’ retirement age move

“There is another reason behind the rush” – Lawyers’ body questions judges’ retirement age move

New Constitution, land issues take centre stage as Tamil and Muslim leaders meet President

New Constitution, land issues take centre stage as Tamil and Muslim leaders meet President

Mahara Prison Clash: Multiple investigations launched into Rs. 150 million damage

Mahara Prison Clash: Multiple investigations launched into Rs. 150 million damage

Bad weather wreaks havoc across Sri Lanka Warning for heavy rains, strong winds & landslides issued

Bad weather wreaks havoc across Sri Lanka Warning for heavy rains, strong winds & landslides issued

“Prisoners’ safety must be guaranteed by the govt” Several factions demand answers from Minister

“Prisoners’ safety must be guaranteed by the govt” Several factions demand answers from Minister

Mahara Prison unrest damage estimated at Rs. 150 million; Video evidence and masterminds under probe

Mahara Prison unrest damage estimated at Rs. 150 million; Video evidence and masterminds under probe

"Bringing smiles to little hearts" Children learn the art of kite-making at Derana Kite Workshop

"Bringing smiles to little hearts" Children learn the art of kite-making at Derana Kite Workshop

“Need to find out if it was controlled from outside”; Justice Minister on Mahara Prison unrest

“Need to find out if it was controlled from outside”; Justice Minister on Mahara Prison unrest

ADB extends $200M to help Sri Lanka tackle economic pressures from Middle East conflict

ADB extends $200M to help Sri Lanka tackle economic pressures from Middle East conflict

Ceypetco announces that fuel prices will remain unchanged in August

Ceypetco announces that fuel prices will remain unchanged in August

'Suwa Seriya' free ambulance service marks 10 years as India pledges 100 more ambulances

'Suwa Seriya' free ambulance service marks 10 years as India pledges 100 more ambulances

Lassana Flora