Central Bank and the Government of Sri Lanka, under the refinance facility under the Saubagya (Prosperity) Loan Scheme, named Saubagya Covid-19 Renaissance Facility, have approved 13,861 loan applications under Phase-I of this scheme, totaling Rs. 27.9 billion.
Out of this, licensed banks have already disbursed Rs. 14.8 billion among 7,274 affected businesses island-wide as at June 24. These loans carry a concessional interest rate of 4 per cent with a grace period of 6-months and a repayment period of 24-months, the Bank said in a media release.
Further, the Central Bank said it now stands ready to provide a further Rs. 120 billion at a concessionary rate of 1 per cent to commercial banks for on-lending to the affected businesses at a concessionary rate of 4 per cent under the Phase-II of the Scheme.
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
Gazette on new speed limit regulations to be issued within two weeks
Cabinet has approved a proposed amendment to the Constitution that a referendum would be required to extend the Presidential and Parliamentary term beyond five years.
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