Connect with us

BIZ

New law for bank deposits

Published

on

The Central Bank of Sri Lanka has made it mandatory for licensed banks and licensed financial companies to maintain an unique identification number for customers when opening deposit accounts.

The Central Bank issued the directives under the Banking Act No. 30 of 1988 and the Finance Business Act, No. 42 of 2011.

Accordingly, it will be mandatory to record a unique identification number for each customer when making deposits with licensed banks and licensed financial companies from October 1 this year.

However, the financial institutions have been given time till 31.12.2023 to finalize the unique identification numbers for depositors already maintaining accounts.

The Central Bank further said that underage depositors can be issued a 12-digit number obtained by recording the date of birth and birth certificate number.

BIZ

“Don’t buy cakes baked with eggs from India”

Published

on

By

All Island Canteen Owners’ Association (AICOA) today advised people not to buy cakes during the new year season which are baked using eggs imported from India.

Addressing the media AICOA Chief Asela Sampath told the media that the liquid eggs received at the Colombo port had not been released as yet.

The eggs at the Colombo Port have been there for nearly seven days. These liquid eggs can rot pretty fast, and it is the responsibility of the minister to get them released from the port immediately.

It was also requested that the bakery owners not to bake cakes using these eggs for the upcoming new year.

“If bakery owners used those imported eggs, we will boycott buying the cakes during the new year” Sampath said.

The customs and the port had violated the import and export regulations by storing the eggs at the port and ensure they are not rotten. Therefore, the Public Health Inspectors (PHI) have been requested to visit the port to check the status of the eggs.

(dailymirror.lk)

(Except for the headline, this story, originally published by dailymirror.lk has not been edited by SLM staff)

Continue Reading

BIZ

China, Australia & US to enter SL fuel market

Published

on

By

Minister of Power and Energy, Kanchana Wijesekera today (27) said that cabinet approval was granted today to award licenses to Sinopec, United Petroleum, Australia and RM Parks of USA in a collaboration with Shell PLC to enter the fuel retail market in Sri Lanka.

“Energy Committee & relevant other procurement committees had given their approval & recommendation to award the 3 companies the licenses to operate. The 3 companies will be allocated 150 Dealer operated fuel stations each which are currently operated by CPC. They will be granted a license to operate for 20 years to import, store, distribute and sell petroleum products in Sri Lanka. A further 50 fuel stations at New locations will be established by each selected company,” he had further Tweeted.

Continue Reading

BIZ

Only 50 Dollars to go to India by passenger ferry!

Published

on

By

Sri Lanka will commence the operations of the passenger ferry service between Kankesanthurai and Pondicherry on April 29, the Ministry of Ports, Shipping and Aviation said.

It said a passenger terminal is currently being constructed at the Kankesanthurai Port to facilitate the ferry service by the Sri Lanka Navy.

Ferry owners have mentioned during a recent discussion that they will be charging 50 US Dollars per passenger for a one-way trip, while allowing a passenger to carry baggage weighing 100kg. 

A ferry is expected to carry 150 passengers at a time and will take around 4 hours to travel from Karaikal Port in Pondicherry to Kankesanthurai.

Minister Nimal Siripala de Silva said that any businessman in India and Sri Lanka can join this passenger ferry service.

Continue Reading

Trending

Copyright © 2022 Sri Lanka Mirror. All Rights Reserved