REVIVAL OF UNDERPERFORMING ENTERPRISES (REPEALED) BILL PASSED

The Revival of Underperforming Enterprises or Underutilised Assets (Repealed) Bill was passed in Parliament today with amendments. The Bill was passed with a majority of 22 votes with 91 members voting for and 69 voting against it.

ColomboGazette.com (Date:06/20/2019 18:16) Read full article >>

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Parliament: A parliament is a legislature whose power and function are similar to those dictated by the Westminster system of the United Kingdom. More generally, "parliament" may simply refer to a democratic government's legislature. The term is derived from the French parlement, the action of parler : a parlem
Assets: In financial accounting, an asset is an economic resource. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent value of ownership that can be converted i