News

CPC obtains loans at higher interest from State Banks

Published

10 months ago

November 18, 2022

editor

The loss-making Ceylon Petroleum Corporation (CPC) has obtained a loan from a state-owned bank at 28 per cent interest on the assurance of repaying within ten months without interest in order to pay an allowance of Rs.30,000 to nearly 5,000 employees.

The employees have been given this amount to purchase books for their children.

Accordingly, the interest for this bank loan is to be borne by the CPC.

Similarly, the CPC has obtained a loan from a state bank at an interest of 22% in order to give an allowance of Rs.50,000 to the employees for the Sinhala Tamil New Year. However, it was reported that the installments have not been paid although six months have already been passed.

A higher official at the CPC said the latest allowance will be given as an employee’s right to buy books for their children.

He said that it has not been mentioned that the loan amount of Rs.50,000 will not be collected but added the collection of the installments has not been commenced yet.

News

Student caught selling moonshine at school

Published

5 hours ago

September 26, 2023

editor

A student of a popular school in Kalawana, has been nabbed for selling moonshine at his school.

Upon being discovered by a teacher, he had been handed over to the Kalawana police.

Police say that the Grade 09 student had brought moonshine into the school in his water bottle and sold cups of it to older students.

He had been released after being strongly warned.

News

One dead in explosion at Kalpitiya Air Force firing range

Published

5 hours ago

September 26, 2023

editor

An explosion reported at the Sri Lanka Air Force (SLAF) Field Firing Range in Kandakuliya, Kalpitiya earlier today (26 Sep.) resulting in one death, Sri Lanka Police has confirmed.

Accordingly, an explosion which had occurred at the Air Force Field Firing Range in Kalpitiya, has resulted in the death of an 28 year old airman while injuring another, Police Spokesman SSP Nihal Thalduwa has said.

Investigations into the cause of the explosion are underway, he added.

News

4 Excise officers interdicted for assaulting Beedi businessman

Published

5 hours ago

September 26, 2023

editor

Four Excise officers who were arrested for allegedly assaulting and soliciting a bribe from a ‘Beedi’ manufacturer in Walasmulla have been interdicted by the Commissioner General of Excise.

The decision has been taken following the instruction of State Minister of Finance Ranjith Siyambalapitiya.

The four Excise officers including the OIC of the Tangalle Excise station have been interdicted over the allegations of assault and soliciting a bribe from a ‘Beedi’ manufacturer for not implementing the law against him for possession of Beedi leaves without a valid license.