Sri Lanka's finance minister on Thursday announced he would be introducing tax cuts and subsidies for loans to small businesses as a result of the droughts and flooding.
"Our measures today will increase economic growth and make this country an entrepreneurs' paradise," Mangala Samaraweera was quoted by AFP as saying.
"Businesses would be offered heavy-subsided loans up to 750 million rupees ($5 million) and tax cuts for commercial vehicles to encourage entrepreneurship."
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