Banks, finance and leasing companies were directed by Sri Lanka's Central Bank on Monday to follow new leasing rates which have been set at a maximum 70 per cent per vehicle. Earlier potential vehicle owners could lease vehicles at 100 per cent of the value of the vehicle, which had led to surge in imports and traffic jams on Colombo roads. The increase in imports had also put pressure on foreign exchange reserves resulting in the authorities allowed a free float of the dollar, 10 days ago. - ENDS -
The funeral of arguably the Queen of the Sinhala cinema Malini Fonseka, will be held with state honours on Monday, May 26, 2025, at the Independence Square.
First Bishop of the Batticaloa Diocese, Retired Bishop Joseph Ponnaiya, passed away today at the age of 74, following a brief illness.
The NPP government has been at the wheel for almost 6 months now. The time to keep looking at the rear view mirror and living in the past is about over.
Leave Comments