04 January 2013
In an effort to deal with the increasing number of foreign investors who are defaulting on loans from state banks, the Sri Lankan government has pledged an investigation - an international one.
According to Lokuge, ten garment manufacturing factories have had to close in Biyagama, Nittambuwa and Katunayake investment zones resulting in over Rs. 5 billion in losses to state banks.
The Sri Lankan Labour minister Gamini Lokuge will meet with Mahinda Rajapaksa next week to discuss what action needs to be taken.
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