News
LCB Finance extends its operations to Tangalle
Lanka Credit and Business Finance Ltd opened its 10th Branch in Tangalle in keeping with its ambition to be committed to the development of the rural economy. CEO/Executive Director of LCB Finance stated that another branch in the deep south in Deiyandara is scheduled to be opened on Jan 27 which will be its 11th branch and with the Akuressa branch to opened by mid-February their branch network will reach 12 branches before March 31.
They are of the view that this initiative will contribute to uplifting the livelihood of the people in the areas to be served by these branches and revitalize the rural economy of the respective locality. Their deposit products such as “Sihina Ayojana” accounts and minor savings account “Podiththa” are designed to save for the future of the depositor, backed by lending products by way of lease, loans, and gold loans to improve existing enterprises. They plan to devote special attention to provide working capital to the unemployed youth to either enter into self-employed projects or improve their existing ventures. Through the Tangalle branch they plan to focus on catering to the financial needs of the fisheries sector and small and medium enterprises related to tourism. Deiyandara and Akuressa branches are to serve the agriculture industry in particular and other small and medium existing and new enterprises in general. The company is said to be making arrangements to expand its Branch network to reach 22 branches island wide before the end of the year 2022.
The Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to instruct the Legal Draftsman to prepare a draft bill to amend the State Mortgage and Investment Bank Law No. 13 of 1975
By Cabinet decision dated 2025-12-01, policy approval was granted to amend the definition of the term “animal” in the Animals Act No. 29 of 1958 by including, pigs, goats, and sheep, in addition to cattle and buffaloes, within the interpretation section of the act.
In accordance with the said approval, the Legal Draftsman has drafted an Amended Bill in all three languages, and the clearance of the Attorney General has also been obtained.
Accordingly, the Cabinet of Ministers has approved the
resolution furnished by the Minister of Agriculture, Livestock, Land and Irrigation to publish the draft Amendment Bill in the Government Gazette and thereafter to submit the same to the Parliament for its concurrence.
News
Cabinet approves establishment of a ‘Trust’ to carry out the management of the Jaffna Thiruvalluvar Cultural Centre
The Jaffna Thiruvalluvar Cultural Centre, comprising 11 floors, has been constructed with the assistance of the Government of India with the objective of serving as a hub for cultural activities in Sri Lanka and expanding bilateral cooperation for the promotion, preservation, and fostering the cultural heritage of Jaffna.
In accordance with the approval granted at the Cabinet meeting held on 2022-02-21, a Joint Management Committee has been appointed to make decisions relating to the affairs of the said cultural centre, in terms of the Memorandum of Understanding signed for the operation of the Jaffna Thiruvalluvar Cultural Centre.
According to the provisions of the aforementioned MOU, upon completion of the construction of the project, the cultural centre should be transferred to the Jaffna Municipal Council through the Government of Sri Lanka.
Following such transfer, the relevant parties have reached an agreement to establish a ‘trust’ for carrying out the management activities of the centre. The Attorney General’s clearance has been received for the draft trust deed prepared for that purpose.
Accordingly, the Cabinet of Ministers has approved the resolution furnished by the Minister of Buddhasasana, Religious and Cultural Affairs to establish the trust to continue the management activities of the Jaffna Thiruvalluvar Cultural Centre
UK promises jets, drones and warship for Strait of Hormuz defence mission
Eshan Malinga keeps getting them in the second half
State Mortgage and Investment Bank Law No. 13 of 1975 to be amended
Animals Act No. 29 of 1958 amended
Cabinet approves establishment of a ‘Trust’ to carry out the management of the Jaffna Thiruvalluvar Cultural Centre
Prime Minister Keir Starmer under pressure as ministers quit, 80 MPs urge him to resign
‘Dates have the highest sugar content to fight Coronavirus’
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