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Public Debt Dept. to sell Treasuries worth Rs. 106 billion

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by Sanath Nanayakkare

 

The Public Debt Department of the Central Bank of Sri Lanka will issue Treasury bonds worth of Rs. 50 billion through an auction today (13) and Treasury bills worth of Rs. 56 billion through another auction on July 14.

At the Treasury bill auction, the yield rates of 91 day and 182-day maturities will be decided below the level of 364 day maturity set at 5.25%.

The issue of Rs 50,000 million Treasury Bonds will be issued under two series: Rs. 27,500 million and Rs. 22,500 million.

The maximum yield rate for acceptance for Treasury bonds will be 6.40% and 8.06% respectively. Bids are invited from the Primary Dealers in Treasury Bonds on the basis of clean prices (exclusive of accrued interest from the date of last coupon payment to the date of settlement).

For both Treasury bonds and bills the minimum amount of a bid is Rupees five million (Rs.5,000,000) and multiples of Rupees one million (Rs.1,000,000) there onwards.

The general public can purchase Treasury bonds and bills from the following Primary Dealers or any other Licensed Commercial Banks: Acuity Securities Ltd. 2206297, NSB Fund Management Co. Ltd 2425010, Bank of Ceylon 2541938. People’s Bank 2206783, Capital Alliance Ltd 2317777, Sampath Bank PLC 2305842, Commercial Bank of Ceylon PLC 2332319, Seylan Bank PLC 2456340, First Capital Treasuries PLC 2639883, WealthTrust Securities Ltd 2675096.

Notably, the Central Bank has raised the ‘ceiling rate’ for 12-month Treasury bills by 02 basis points to 5.25 percent for this week’s auction where 56 billion rupees of bills will be offered.

The ceiling policy rate has operated as a de facto policy rate through which large volumes of government debt is monetised.

The Central Bank purchases government securities with printed money to ensure a lower yield rate, but the interest rate demand in the market for investing in government securities is higher.

 

 



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Shocking 17,500 video clips of Lankan children being sexually abused

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By Norman Palihawadane

There were over 17,500 video clips of Sri Lankan children being sexually abused, on the Internet and action had been taken to arrest those responsible, Police Spokesman Senior DIG Ajith Rohana said yesterday. The Sri Lanka Police had sought the assistance of international law enforcement agencies and the Internet service providers to track down the persons involved in uploading those video clips and child sex trafficking via internet, the SDIG said.

Crimes against children in Sri Lanka were rising at an alarming speed, the SDIG said.

The police would conduct a special awareness programme together with the National Child Protection Authority to curb the alarming trend, he said.

The first programme was held recently in Nuwara Eliya where it especially focused apprising police officers attached to that Division.

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Private buses to insist that inter-provincial commuters carry proof of vaccination?

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By Rathindra Kuruwita

A limited number of Sri Lanka Transport Board (SLTB) and National Transport Commission (NTC) buses and trains would maintain limited inter- provincial operation from 01 August, State Minister of Transport, Dilum Amunugma said.

The State Minister said that certified documents issued by the respective depot superintendents and the letters of approval by the NTC were mandatory, he added.

“The buses and trains will be permitted to operate only in the morning and in the evening for office workers,” Amunugma said.

The State Minister added that passengers should behave responsibly when using the inter-provincial transport services and understand that those services were only for commuters engaged in essential services.

“The Delta variant is spreading rapidly. If one infected passenger travels in a bus, all other commuters will contract it” he warned.

The Lanka Private Bus Owners’ Association (LPBOA) has decided to make proof of vaccination compulsory for inter provincial travel from 01 August

LPBOA President Gemunu Wijeratne said they had written to the President and Transport Minister asking for permission to enforce it.

Wijeratne said that all bus operators in the Western Province should ensure they were inoculated by August 15.

 

 

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TNA Leader complains against appointing Sinhala officers to Tamil areas

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By Dinasena Ratugamage

Tamil National Alliance (TNA) Leader, R. Sampanthan had written to President Gotabaya Rajapaksa and Prime Minister, Mahinda Rajapaksa, objecting to the appointment of Sinhala government officers to the Northern Province, former TNA MP Mavai Senathirajah told journalists on Wednesday (28.)

The President and the Prime Minister are appointing officials violating democratic principles, Senathirajah said after a meeting of party activists at Karachchi Divisional Secretariat Office, Kilinochchi.

“A lot of Sinhalese are appointed to the North and the East. They must appoint Tamils. These appointments undermine our struggle for a just language policy,” he said.

Senathirajah said that it was customary to appoint Tamil officers to Tamil majority areas. However, this tradition was being violated increasingly in recent times, the former MP said.

“The TNA has nothing against Sinhala government officers. However, appointing Sinhala state officers to majority Tamil areas is a great injustice to the people. So, our leader has written to the President and the Prime Minister asking them to stop this practice,” he said.

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