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Sri Lanka to Revise 2016 Microfinance Act and Establish New Regulatory Authority
Sri Lanka is poised to establish an independent regulatory body to oversee the microfinance and moneylending sector. This initiative comes as part of a new bill presented to parliament this week, aiming to amend the Microfinance Act No. 06 of 2016, according to Deputy Minister of Finance and Planning, Anil Jayantha. Jayantha noted that despite
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CEB Reports Rs. 29.15 Billion Loss in Fourth Quarter of 2025
The Ceylon Electricity Board (CEB) has announced a significant financial loss of Rs. 29.15 billion for the quarter ending December 31, 2025, as detailed in its recent financial statements. This represents a stark contrast to the Rs. 603 million profit reported during the same quarter in 2024, reflecting a dramatic 4,929% decline in year-on-year profitability.
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