U.S. Senator John McCain (R-AZ) walks out of a meeting with Prime Minister Ranil Wickremesinghe at McCain’s senate office on Capitol Hill in Washington on Thursday. McCain congratulated Wickremesinghe on his political success as well as bringing peace to Sri Lanka. REUTERS

Interest rates to fall : Central Bank says inflation declining

by Ravi Ladduwahetty

Bank interest rates are due to fall when business opens Monday after the Central Bank reduced the rate at which it disburses funds to Commercial Banks yesterday, in the first of several expected government moves to make funds cheaper for investors.
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Tyronne says peace won't be derailed easily

Sri Lankan Foreign Minister Tyronne Fernando said on Friday his country's bid to end two decades of ethnic war will not be derailed by the occasional shooting or arms smuggling case.
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CID to probe handbag issue

by Sarath Malalasekera

The preliminary investigation report by the NIB in connection with the mysterious handbag of President Chandrika Bandaranaike Kumaratunga was yesterday morning handed over to Defence Minister Tilak Marapana.
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President promises support for peace process

President Chandrika Bandaranaike Kumaratunga yesterday said that she would extend the maximum support for the ongoing peace process although the responsibilty in any final decision is vested in her as Head of State.
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Other Stories

• Tyronne holds talks with Singapore PM

• Asteroid may hit Earth, but don't panic - expert

• VAT on tea purchases through brokers suspended

• Controversy over Polonnaruwa: SLRC airtime for SLFP

• Reduction of private bus fares soon

• Minister Azwer congratulates Indian President

• Maha Sangha protected Sasana through sacrifice - Anunayaka Thera

• 'Mahapola, beacon of hope for lower income group'

• Economic activity in NE to take new turn

• People's Bank's aim to uplift living condition of rural masses

• Minister attends for PM

• New Archbishop installed today

• Bindunuwewa massacre case resumes on July 29

• America and Japan grant assistance for drug programmes

• Kelaniya felicitates Archbishop Gomis

• I will only bow to people's wishes - Ravi

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