Gota at commission over Rakna Lanka probe

Maximum interest rate for credit cards reduced

The Central Bank of Sri Lanka (CBSL) has revised the regulated interest rates for credit cards. The CBSL also revised regulated interest rates for pre-arranged temporary overdrafts, pawning facilities, and the penal interest rate over the regular interest rate. As per the revised regulated interest rate, the maximum interest rate on credit cards is 18% and on pre-arranged temporary overdrafts 16%. The maximum interest rate on pawning facilities is 10%, while penal interest rate over the regul

20 Aug, 2020

Mahinda Yapa proposed as Speaker, Siyambalapitiya Deputy Speaker

By Vyshnavy Velrajh Sri Lanka Podujana Peramuna (SLPP) Parliamentarian Mahinda Yapa Abeywardena says his name has been proposed for the post of Speaker of the 09th Parliament of Sri Lanka. MP Abeywardena told the Colombo Gazette that his name was proposed during the Parliamentary group meeting that took place today. MP Ranjith Siyambalapitiya?s name was proposed for the post of Deputy Speaker of the House. Meanwhile, MP Angajan Ramanathan?s name was proposed for the post of Deputy Chairperso

19 Aug, 2020

Sri Lanka recognised for ensuring safety of children returning to school

Sri Lanka has been recognised as being among the first countries in South Asia to open schools and bring children back in a safe way. The United Nations Children’s Fund (UNICEF) congratulated Sri Lanka for its effective response to COVID-19. ?We congratulate Sri Lanka for its effective response to COVID-19, which has placed it in the impressive position of being among the first countries in South Asia to open schools and bring children back in a safe way??said?Mr. Tim Sutton, Representative, U

19 Aug, 2020