The Central Bank of Sri Lanka (CBSL), acting in its role as the country’s macroprudential authority, has announced new limits on loan-to-value (LTV) ratios for vehicle financing. The revised regulations apply to licensed commercial banks, licensed specialized banks, licensed finance companies (LFCs), and registered finance leasing establishments (RFLEs). Effective from November 8, credit facilities granted…
Sri Lanka is launching a national initiative today (November 9) to distribute 500,000 coconut plants to households across the country, aiming to strengthen rural livelihoods and promote home-based coconut cultivation. The official ceremony will take place in Uhana, Ampara, under the patronage of Minister of Plantations and Community Infrastructure Samantha Vidyaratne, alongside Deputy Minister of…
President Anura Kumara Dissanayake announced that the government has approved investment projects totaling US$1.3 billion in the area surrounding the Colombo Port City development. He said the government will introduce investor-friendly policies to support further growth and will present a new State Enterprise Management Act to Parliament next year to strengthen the governance of state-owned…
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Sri Lanka has introduced a new programme to convert old fuel-powered three-wheelers into electric vehicles, Minister of Science and Technology Chrishantha Abeysena announced. The initiative aims to cut fuel costs, reduce emissions, and extend the lifespan of the country’s widely used three-wheeler fleet. According to Minister Abeysena, converting a petrol-powered three-wheeler to electric offers major…
Sri Lanka’s overall inflation, measured by the Colombo Consumer Price Index (CCPI) on a year-on-year basis, rose to 2.1% in October 2025, up from 1.5% in September, according to the Department of Census and Statistics (DCS). The CCPI for all items increased slightly to 193.8 in October from 193.7 the previous month. Food inflation accelerated…
In line with the new education reforms, the National Institute of Education (NIE) has commenced programs to brief principals of both national and provincial schools at the district level across all provinces. Many districts across the island have already been covered under this initiative. As part of its continuation, the program to inform principals in…
Five newly appointed envoys formally presented their credentials to Sri Lankan President Anura Kumara Dissanayake at the Presidential Secretariat on Thursday (13), marking the beginning of their diplomatic assignments in the country. The diplomats who presented credentials were: President Dissanayake welcomed the new envoys and expressed his commitment to strengthening bilateral cooperation with each of…
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The Central Bank of Sri Lanka (CBSL) has issued a public notice alerting both local and international audiences about a series of illegal pyramid and prohibited investment schemes operating under various company names and online platforms. Following an investigation conducted under Section 83(C) of the Banking Act No. 30 of 1988, the CBSL confirmed that…
