Latest News
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How Sri Lanka Banking Act Section 83C Puts Plantation “Investment” Schemes Under Legal Spotlight?
Recent warnings by the Governor of the Central Bank of Sri Lanka have drawn sharp attention to a little-discussed but powerful legal provision now central to ongoing investigations into plantation and crop-cultivation “investment” schemes operating across the country: Section 83C of the Banking Act. This section of law does not focus on whether land exists, crops are
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Sri Lanka’s CPC Reduces Diesel and Petrol Prices by Rs.2 Amid Global Price Drop and Rupee Depreciation
Sri Lanka’s state-owned Ceylon Petroleum Corporation (CPC) has announced a reduction in the prices of White Diesel and Octane 92, decreasing each by Rs. 2. This adjustment comes in response to declining global oil prices and the depreciation of the Sri Lankan rupee. With this change, the price of White Diesel is now set at
- The United Nations : To Be or Not To Be
The United Nations was born from ashes. Quite literally. In… Read more: The United Nations : To Be or Not To Be - Fuel, Wheels, and the Arithmetic We Refuse to Do
Sri Lanka’s fuel crisis is discussed endlessly — and calculated… Read more: Fuel, Wheels, and the Arithmetic We Refuse to Do - IMF review money in the air, but the Central Bank keeps rates steady
The Central Bank has done what it often does in… Read more: IMF review money in the air, but the Central Bank keeps rates steady