Subject to the provisions of this Act, and any other written law, the Corporation shall have the power to do, perform and execute all such acts, matters and things whatsoever as are necessary or desirable for the promotion or furtherance of the objects of the Corporation or any one of them including the power to open, operate and close bank accounts, to borrow and raise moneys with or without security, to receive or collect grants and donations from persons in or outside Sri Lanka, to invest its funds and to engage, employ and dismiss officers and servants for the purpose of carrying out of the objects of the Corporation.