CBSL introduces maximum loan value for gold collateral The Central Bank of Sri Lanka (CBSL) has issued new directions imposing a maximum loan-to-value (LTV) ratio of 70% for credit facilities secured by gold collateral, in a move aimed at strengthening financial system stability and mitigating systemic risks.Under the new Central Bank of Sri Lanka Act…

Tuk-tuk driver held for allegedly fleecing tourists of Rs. 180,000   A three-wheeler driver has been arrested after allegedly attempting to overcharge two foreign tourists visiting Colombo on a brief stopover from a cruise ship. According to reports, the tourists had hired the tuk-tuk for a city tour covering several locations, including Galle Face Green…

  10 injured after Cathay Pacific flight hit by severe turbulence Cathay Pacific has confirmed that one of its flights from Australia to Hong Kong encountered severe turbulence, leaving 10 people with minor injuries. The incident occurred on Cathay Pacific Flight CX156, operated by an Airbus A350-900, travelling from Brisbane Airport to Hong Kong International…

Police issue clarification on temporary vehicle number plates Legal action is being taken only against vehicles displaying distorted or non-compliant temporary number plates amid the ongoing shortage of official vehicle number plates in Sri Lanka, Police said.Sri Lanka has been facing a severe number plate shortage after the Department of Motor Traffic (DMT) suspended the…

“No one can stop AKD becoming President again in 2029″   Minister Sunil Kumara Gamage says no one can stop President Anura Kumara Dissanayake from being re-elected in 2029, claiming the government has stabilised the country’s economy and increased public confidence.Addressing a public gathering, the Minister said Sri Lanka had previously become “directionless” due to…

Mahinda Samarasinghe resigns as envoy to US, Mexico       Former Minister Mahinda Samarasinghe has officially informed the government of his decision to resign from his post as Sri Lanka’s Ambassador to the United States and Mexico, the “Sunday Divaina” newspaper reported. His current term in office was scheduled to conclude at the end…

Money printing exceeds Rs. 2 trillion – CHR   The broad aggregate money supply (money printing) of the Central Bank of Sri Lanka has exceeded Rs. 2.1 trillion, the Center for Human Rights & Research (CHR) states. As a result, the volume of currency in circulation has increased by Rs. 303,956 million over the past…

News 2026 ‘Tea for Harmony’ Yaji Cultural Salon     A Chinese cultural event featuring tea and Intangible Cultural Heritage art from Zhejiang Province, was held last week in Sri Lanka. The event was held across three major cities in the island  from May 21- 23 : in Colombo, Galle in the Southern Province, and Kurunegala…

Tuk-tuk driver held for allegedly fleecing tourists of Rs. 180,000   A three-wheeler driver has been arrested after allegedly attempting to overcharge two foreign tourists visiting Colombo on a brief stopover from a cruise ship. According to reports, the tourists had hired the tuk-tuk for a city tour covering several locations, including Galle Face Green…

  10 injured after Cathay Pacific flight hit by severe turbulence Cathay Pacific has confirmed that one of its flights from Australia to Hong Kong encountered severe turbulence, leaving 10 people with minor injuries. The incident occurred on Cathay Pacific Flight CX156, operated by an Airbus A350-900, travelling from Brisbane Airport to Hong Kong International…

Police issue clarification on temporary vehicle number plates Legal action is being taken only against vehicles displaying distorted or non-compliant temporary number plates amid the ongoing shortage of official vehicle number plates in Sri Lanka, Police said.Sri Lanka has been facing a severe number plate shortage after the Department of Motor Traffic (DMT) suspended the…

“No one can stop AKD becoming President again in 2029″   Minister Sunil Kumara Gamage says no one can stop President Anura Kumara Dissanayake from being re-elected in 2029, claiming the government has stabilised the country’s economy and increased public confidence.Addressing a public gathering, the Minister said Sri Lanka had previously become “directionless” due to…