The Central Bank yesterday said it has given notice of cancellation of the license issued to the liquidity-hit The Finance Company PLC (TFC) with effect from October 23, 2019, to safeguard the interests of depositors and other creditors.
MP Lakshman Kiriella said the Ceylon Electricity Board (CEB) has informed the Nilames and organizers of the Kandy Esala Perahera to deposit a sum of Rs. 13 million in order to supply an uninterrupted power supply for the festival.
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