The Central Bank of Ceylon issuing a press release has informed that the maximum interest rates that could be offered for deposits accepted, maintained or renewed by the finance companies licensed under the Finance Business Act, No.42 of 2011 has been revised with effect from the 1st April 2014, asfollow:
At a ceremony attended by Commander of the Navy, Vice Admiral Jayanath Colombage, Sri Lanka Navy took delivery of the first Australian Bay Class patrol vessel in Cairns Australia on Saturday (29). The flag transfer ceremony, which marked the passing of responsibility, authority and accountability of command of the vessel from one Flag state to another, took place in the presence of the officials representing the Australian Customs and Border Protection, Sri Lanka’s High Commissioner to Australia, Admiral (retd) Thisara Samarasinghe, Commander of the Navy and the SLN crew, who will be manning the vessel’s 4800 nautical-mile voyage home.
Considerable progress has been made in the consolidation process during the month of March 2014. Over the past few days, in keeping with the Central Bank’s request, banks and NBFIs have commenced submitting their broad plans on consolidation and greater participation in the economic activities, thereby adhering to the already announced time line of 31 March 2014. These plans are to be reviewed by the Central Bank within the coming week, and suitable responses due to be sent thereafter.
The Minister of Cooperatives and Internal Trade Johnston Fernando said that Lak Sathosa has made arrangements to provide essential consumer items without any shortage during the Sinhala and Tamil New Year festive season.
“It is simply evident that the people have reiterated their faith in the government,” said SLFP Treasurer and Youth Affairs and Skills Development Minister Dullas Alahapperuma to the media at the SLFP headquarters yesterday.
The Economic Development Ministry after harvesting the yields of 500,000 moringa oleifera plants, distributed them among people of different districts in the island under the Divi Neguma National programme. Economic Development Minister Basil Rajapaksa on Saturday (29) examined the yields of this short murunga plant which President Mahinda Rajapaksa had planted at the Ministry of Finance and Planning premises in late 2012.
The 47 'Aluth Sahal Mangalya', offering the maiden rice gathered fresh from the field to the sacred Sri Maha Bodhiya in Anuradhapura will be held on April 2-3 with the participation of President Mahinda Rajapaksa as the Chief Guest