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New bonus interest scheme for seniors: Timely or populist?
Daily FT
|July 11, 2025
THE Government has launched a special interest scheme for senior citizens (60 years and above) with effect from 1 July as part of the 2025 Budget proposals.
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The program would enable individuals who are 60 years and above to obtain an additional 3% interest rate on fixed deposits opened at the 17 participating licensed banks from 1 July to 31 December.
The deposit amount is capped at Rs. 1 million per depositor, regardless of the number of participating banks and customers are required to provide a declaration confirming that the funds deposited are their own apart from claiming their monthly income is less than Rs. 150,000.
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FLERE HISTORIER FRA Daily FT
Daily FT
Zohran Mamdani sworn in as New York City Mayor, creating history
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Ferentino Tyres redefines OEM tyre market in Sri Lanka with 75% value share
FERENTINO Tyres has emerged as the undisputed leader in Sri Lanka's Original Equipment Manufacturer (OEM) tyre market, commanding an extraordinary 75% value share, the company stated.
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Daily FT
First international jewellery fair for 2026 FACETS Sri Lanka opens tomorrow
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1 mins
January 02, 2026
Daily FT
Dollar posts worst annual fall in eight years, more weakness seen in 2026
THE dollar ended 2025 with the sharpest annual retreat in eight years and investors say more declines are coming if the next Federal Reserve Chief opts for deeper interest rate cuts as anticifor deeper interest rate cu pated.
2 mins
January 02, 2026
Daily FT
PABC begins New Year defined by people, purpose, and courage to move
PAN Asia Bank yesterday marked the New Year with a moment of reflection, not on numbers alone, but on the deeper forces that shape progress over time.
1 mins
January 02, 2026
Daily FT
CEB seeks to recover Rs. 13 b from 11.7% tariff hike in 1Q
4,453 GWh net generation forecast for 1Q based on IMF GDP growth forecast of 3.1% and applied demand growth rate of 3.72% Ditwah damage to transmission towers, distribution lines and access roads adds to emergency repair and maintenance costs estimated at Rs. 20 b Rs. 5.8 b unrecovered revenue from delayed past tariff revisions and restoration of curtailed Return on Assets tighten cost recovery ahead of review by PUCSL
3 mins
January 02, 2026
Daily FT
Heshan Peiris joins Ceylinco Holdings’ Board
CEYLINCO Holdings PLC has appointed Heshan Peiris to its Board as an Independent NonExecutive Director.
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January 02, 2026
Daily FT
SLIC Life and SLIC General inaugurate business operations for 2026
SRI Lanka Insurance Corp. General inaugurates business operations for 2026
4 mins
January 02, 2026
Daily FT
SPAR Group, South Africa, pledges Rs. 35 m to 'Rebuilding Sri Lanka' Fund
SPAR Group, South Africa has pledged Rs. 35 million to the Rebuilding Sri Lanka Fund, reinforcing its support for nationwide recovery efforts following Cyclone Ditwah.
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Daily FT
Ceylon Cold Stores wins top honour at Sri Lanka National Quality Awards 2023
CEYLON Cold Stores PLC (CCS) has achieved a major national milestone by being named the Winner Award recipient at the Sri Lanka National Quality Awards 2023, under the Large, Manufacturing Category.
2 mins
January 02, 2026
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