CB imposes lending rate caps to drive interest rates down
CB chief highlights desire for faster decline in market interest rates
Immigration thwarts another attempt by man to leave for Canada on forged visa
Adding another to the list of recent arrests, the Department of Immigration and Emigration stopped a man who tried to leave the country with a forged Canadian visa on his Sri Lankan passport at the Bandaranaike International Airport (BIA) on Wednesday evening.
Central Bank maintains policy interest rates at current levels
The Monetary Board of the Central Bank of Sri Lanka has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 11.00 per cent and 12.00 per cent, respectively.
BIA to construct pre-fabricated terminal to minimize congestion
The Bandaranaike International Airport is set to build a pre-fabricated terminal to minimize congestion at the airport.
90 percent of vehicles in Sri Lanka generate air pollution
More than 90 percent of vehicles running in Sri Lanka are not up to the proper smoke emission standards, the Sectoral Oversight Committee on Energy and Transport has revealed.
DFCC first bank to launch Green Fixed Deposits
DFCC Bank, has launched the country’s first Green Fixed Deposit aimed at supporting environmental protection, climate adaptation and other sustainability initiatives.
Founder shareholder Debug Investments exits WindForce PLC
Founder shareholder Debug Investments has exited WindForce PLC with several high-net-worth investors including H.M. Udeshi picking up quantities.
Colombo Land Valuation Indicator up by 15.2%
Land Valuation Indicator (LVI) for Colombo District recorded 215.3 during the first half of 2023 with a year-on-year increase of 15.2%.
Yevgeny Prigozhin: Was the Wagner chief a dead man walking?
Ever since he led a mutinous march on Moscow in late June Yevgeny Prigozhin was described by Russia watchers as "a dead man walking".
CB slaps banks with administrative caps to push interest rates down
The Monetary Board of the Central Bank has decided to impose administrative caps on certain lending products of financial services institutions, as interest rates charged on these products still remain at extremely high levels despite the sharp decline in policy interest rates.
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Over 7,000 health professionals to launch strike today
Professionals of Supplementary Medical Service across the country have decided to stage a 24-hour token strike commencing from 8 a.m. today (24).
Wagner chief presumed dead after Russia plane crash
Russian mercenary leader Yevgeny Prigozhin was on the passenger list of a jet which crashed in Russia killing all 10 people on board, Russia's civil aviation authority says.
Spate of shootings claims lives of 37 people so far this year
Sri Lanka has recently experienced a disturbing increase in shootings, resulting in a significant loss of lives and injuries.
‘No-objection’ letters not required for vehicle insurance claims: IRCSL
Insurance Regulatory Commission of Sri Lanka (IRCSL) yesterday said it had informed insurance companies not to ask for ‘No-objection’ letters from financiers to pay insurance claims on vehicles that are under hire purchase or lease agreements.