News
Central Bank to immediately remove cash margin requirement on non-essential imports
Ban on vehicle imports continues
by Shyam Nuwan Ganewatte
Central Bank (CBSL) Governor Ajith Nivard Cabraal unveiling the ‘Six-Month Road Map for Ensuring Macroeconomic and Financial System Stability’ on Friday (1) discontinued the cash margin deposit requirements imposed on 623 non-essential/non-urgent imports with immediate effect.
The cash margin requirement was imposed by former CBSL Governor Prof W.D. Lakshman.
Speaking at the launch of six month road map at the Atrium of the CBSL, Governor Cabraal said that the ban on the vehicle importation will continue for some more time.
The Governor said that the CBSL would ensure the maintenance of mid-single digit inflation and ensure stability of interest rates and the exchange rates.
He said the CBSL will continue with steps to curb prohibited pyramid schemes and other financial scams and also introduce directions on IT Risk Resilience of Licensed Banks.
Cabraal said that the CBSL balance sheet would be strengthened with gradual rollback measures and the buildup of external reserves.
“It will also strengthen off-site surveillance and improve risk management framework including Governance in financial institutions,” he said.
The governor said that regional development initiatives would be strengthened and new regulations on financial consumer protection will be developed under the Monetary Law Act.
The central bank will introduce user-friendly online complaint submission portal through the CBSL website and social media and a ‘Credit Counseling Centres’ and ‘Investment Advisory Centres’ would be established at Regional Offices.
It would facilitate the setting up ‘Equity Funds’ to support stressed businesses and thereby avoid the increase of non-performing loans.
Cabraal also said the possibility of buying back the entire Issue of ISBs maturing in January 2022 and/or July 2022 would be considered, if high discounts are prevalent in the market.
News
Timely and accurate data essential for effective decision making – PM
A meeting was held to discuss post-disaster planning and the reconstruction process, with special focus on flood-prone areas on Monday [8 th of December] at the Prime Minister’s Office under the patronage of the Prime Minister, and attended by representatives from the United Nations Development Programme (UNDP), the World Bank, and the United Nations Office for Project Services (UNOPS).
During the meeting, the Prime Minister emphasized the critical importance of timely and systematic information and data collection to support timely and effective decision-making on a daily basis following the post disaster situations. The Prime noted that accurate data flows are essential for guiding recovery efforts in the short and long term.
The Representatives outlined the need assessment process using RAPIDA and Global Rapid Post-Disaster Damage Estimation (GRADE), the UNDP’s post-crisis assessment initiated by integrating GIS technology, satellite imagery, and ground-level data, to deliver real-time, actionable insights after a crisis to helps identify affected locations, communities, infrastructure damage, debris estimates, and land use changes-providing crucial data.
The representatives of UNDP reaffirmed their commitment to supporting the Government and they expressed their readiness to collaborate closely and to strengthen ongoing partnerships to enhance the efficiency and effectiveness of post-disaster response and reconstruction activities.
The discussion was attended by the Country Manager for World Bank Dr. Gevorg Sargsyan, Resident Representatives for United Nations Development Programme (UNDP) Ms. Azusa Kubota, South Asia Director for United Nations Office for Project Services ((UNOPS), and Secretary to the Prime Minister Pradeep Saputhanthri, Additional Secretary (Development) Ms Sagarika Bogahawaththa and officials from the Department of National Planning.
[Prime minister’s media division]
News
Bandaranaike Memorial National Foundation donates Rs. 250 million to the Government for national recovery after the emergency situation
The Bandaranaike Memorial National Foundation has donated Rs. 250 million to the Government to support the rebuild of the country following the emergency situation caused by the Ditva cyclone.
Chairperson of the Bandaranaike Memorial National Foundation, former President Chandrika Bandaranaike, together with the Board of Directors, handed over the cheque to Prime Minister Dr. Harini Amarasuriya on 08 th of December at the Prime Minister’s Office.
Subsequently, a cordial discussion was held between the Foundation’s Chairperson, former President Chandrika Bandaranaike, and Prime Minister Dr. Harini Amarasuriya.
The occasion was attended by the secretary to the Prime Minister Pradeep Saputhanthri, Minister of Buddhasasana, Religious and Cultural Affairs Dr. Hiniduma Sunil Senevi, and representatives of the Board of Directors of the Bandaranaike Memorial National Foundation.

[Prime Minister’s Media Division]
Latest News
Level III landslide warnings issued to the Districts of Kandy, Kegalle, Kurunegala and Matale extended
The Level III RED landslide early warnings issued to the Districts of Kandy, Kegalle, Kurunegala and Matale by the Landslide Early Warning Center of the National Building Research Organisation [NBRO] have been extended until 1600hrs tomorrow [10th December 2025].
Accordingly,
The LEVEL III RED landslide early warnings issued to the Divisional Secretaries Division and surrounding areas of Panvila, Udapalatha, Minipe, Poojapitiya, Gangawata Korale, Thumpane, Doluwa, Pathadumbara, Ganga Ihala Korale, Harispattuwa, Akurana, Ududumbara, Pathahewaheta, Hatharaliyadda, Yatinuwara, Deltota, Medadumbara, Udunuwara, Kundasale and Pasbage Korale in the Kandy district, Yatiyanthota, Rambukkana, Aranayaka, Warakapola, Galigamuwa, Mawanella and Bulathkohupitiya in the Kegalle district, Mallawapitiya, Rideegama and Mawathagama in the Kurunegala district, and Ukuwela, Pallepola, Rattota, Matale, Laggala Pallegama, Yatawatta, Naula, Ambanganga Korale and Wilgamuwa in the Matale district have been extended.
LEVEL II AMBER landslide early warnings issued to the Divisional Secretaries Division and surrounding areas of Uva Paranagama, Hali_Ela, Meegahakivula, Badulla, Kandeketiya, Bandarawela, Soranathota, Ella, Haputhale, Lunugala, Welimada, Haldummulla and Passara in the Badulla district, Ruwanwella, Dehiowita, Kegalle and Deraniyagala in the Kegalle district, Alawwa and Polgahawela in the Kurunegala district and Nuwara Eliya, Nildandahinna, Thalawakele, Kothmale West, Mathurata, Ambagamuwa Korale, Hanguranketha, Walapane, Kothmale East and Norwood in the Nuwara Eliya district, and Kahawaththa, Kolonna and Godakawela in the Ratnapura district have also been extended.
LEVEL I YELLOW landslide early warnings issued to the Divisional Secretaries Divisions and surrounding areas of Mirigama, Divulapitiya and Attanagalla in the Gampaha district, Narammala in the Kurunegala district, and Kiriella, Balangoda, Kuruwita, Openayake, Nivithigala, Kaltota, Pelmadulla, Kalawana, Eheliyagoda, Elapatha, Ayagama, Imbulpe and Ratnapura in the Ratnapura district.
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