News
Speaker endorses Microfinance and Credit Regulatory Authority Bill
Speaker Dr. Jagath Wickramaratne yesterday (20) endorsed the certificate on the Microfinance and Credit Regulatory Authority Bill, which was recently passed by Parliament.
The Microfinance and Credit Regulatory Authority Act provides for the establishment of a new regulatory authority to introduce a strong legal framework for regulating and supervising money lending and microfinance businesses in Sri Lanka. The objective of this authority is to regulate and supervise licensed money lenders and licensed microfinance institutions, protect customers engaged with such institutions, and coordinate with the Central Bank and other regulatory bodies. Additionally, the Bill provides for the repeal of the Microfinance Act No. 6 of 2016 and includes provisions related to matters connected therewith or incidental thereto.
The Microfinance and Credit Regulatory Authority Bill was first presented to Parliament on 26th November, 2025, and was passed by Parliament on 4th March, 2026.
Accordingly, the Microfinance and Credit Regulatory Authority Bill comes into force from yesterday (20) as the Microfinance and Credit Regulatory Authority Act, No. 9 of 2026.
It has been reported that former Inspector General of Police (IGP) C.D. Wickramaratne has been found dead at his residence in Athurugiriya this morning (17)
it is suspected that he may have taken his own life.
A heated argument broke out between Jaffna District MP Archchuna Ramanathan and Fisheries Minister Ramalingam Chandrasekar during the Kilinochchi District Coordination Committee meeting held yesterday (16).
A video footage of the incident shows the MP and the Minister engaging in a heated verbal exchange, following which a physical confrontation appeared to develop when the Minister attempted to grab files reportedly in the possession of MP Ramanathan.
“If you lay a hand on me, I’ll lay a hand on you too… got it?” Ramanathan is heard telling the Minister during the exchange.
Police and officials present at the meeting intervened to prevent the situation from escalating further.
The circumstances that led to the confrontation were not immediately clear.
Archbishop of Colombo Malcolm Cardinal Ranjith has filed an intervening petition before the Court of Appeal in connection with a petition filed by former head of the State Intelligence Service, Major General (Retired) Suresh Sallay, challenging his arrest and detention under the Prevention of Terrorism Act over investigations into the Easter Sunday terror attacks.
The Cardinal has sought permission from the court to make submissions in relation to Sallay’s petition and requested that it be dismissed.
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