header logo
Mogo Academy
Latest
New loan scheme to be introduced for migrant workers
Dec 19, 202202:28 PM
New loan scheme to be introduced for migrant workers
Mobitel Inner

Minister of Labour and Foreign Employment Manusha Nanayakkara says that although the Cabinet has approved the provision of a duty-free allowance in relation to the amount of money sent by migrant workers to Sri Lanka, the officials of the Ministry of Finance and the Central Bank have not yet taken necessary measures for it.

 

Joining the International Migrants Day celebration held at the Sri Lanka Bureau of Foreign Employment (SLBFE), the minister mentioned that it’s been about 04 months since the cabinet approval was granted to provide a duty-free allowance for migrant workers compared to the amount of foreign exchange sent by them. 

 

Minister Nanayakkara also stated that if the officials are not working to provide the relevant allowance for the Sri Lankan migrant workers, he will continue to do what he can do to speak out against it without hesitation.

 

Meanwhile, the minister further emphasized that a new program will be implemented within a few days which allows migrant workers to obtain housing loans, adding that discussions have been completed with the banking system and the central bank, regarding the matter.

 

Sri Lankans employed overseas can obtain housing loans at lower interest rates than other people, the Minister mentioned.

 

“Everyone’s attention is focused, and I saw that even the COPE committee is also focused on the fact that we have billions of reserves. After keeping these reserves, the treasury sometimes takes white elephants to maintain them whenever it needs”, he said.

 

“We can spend money according to the powers assigned to us under the Act for the welfare of migrant workers”, the minister pointed out.

 

 

 

MostRead
Mobitel Upahara
VideoStories
Farmers struggle continues as paddy prices plummet; PMB buys over 1 million kg of ‘Yala’ paddy

Farmers struggle continues as paddy prices plummet; PMB buys over 1 million kg of ‘Yala’ paddy

“Final salute to a dedicated officer ”Former IGP Wickramaratne laid to rest with full police honours

“Final salute to a dedicated officer ”Former IGP Wickramaratne laid to rest with full police honours

 Dengue situation worsening in Sri Lanka; Caseload surpasses 76,000 with 162 MOH areas at high risk

Dengue situation worsening in Sri Lanka; Caseload surpasses 76,000 with 162 MOH areas at high risk

 12 years at the heart of every breaking story Ada Derana News Channel marks another milestone

12 years at the heart of every breaking story Ada Derana News Channel marks another milestone

“Sri Lanka reclassified as Upper-Middle Income economy” What are the benefits for the people?

“Sri Lanka reclassified as Upper-Middle Income economy” What are the benefits for the people?

Former Presidents, politicians pay last respects to ex-Police Chief; Final rites tomorrow in Borella

Former Presidents, politicians pay last respects to ex-Police Chief; Final rites tomorrow in Borella

Women account for most dengue fatalities in 2026; PHIs take legal action against 10,000 individuals

Women account for most dengue fatalities in 2026; PHIs take legal action against 10,000 individuals

“Many have lost faith and trust in God” Cardinal says modern society prefers football over religion

“Many have lost faith and trust in God” Cardinal says modern society prefers football over religion

Govt has belittled and ridiculed country's farmers - MP Dilith Jayaweera

Govt has belittled and ridiculed country's farmers - MP Dilith Jayaweera

Who supplied fake QR stickers found on liquor bottles? MP Harsha de Silva questions

Who supplied fake QR stickers found on liquor bottles? MP Harsha de Silva questions

Farmers raise concerns over unopened govt paddy warehouses

Farmers raise concerns over unopened govt paddy warehouses

Over 1,500 fatalities reported from road accidents so far this year - Sri Lanka Police

Over 1,500 fatalities reported from road accidents so far this year - Sri Lanka Police

Former IGP C.D. Wickramaratne found dead in suspected suicide at Malabe residence

Former IGP C.D. Wickramaratne found dead in suspected suicide at Malabe residence

Appeal Courts postpones further hearing of Suresh Sallay’s writ petition to July 21

Appeal Courts postpones further hearing of Suresh Sallay’s writ petition to July 21

“Democracy must be defended from elected leaders” - Former BASL President

“Democracy must be defended from elected leaders” - Former BASL President

Lassana Flora