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New legislation for comprehensive regulation of microfinance institutions in Sri Lanka – Minister Wijayadasa Rajapakse

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Minister of Justice, Prison Affairs and Constitutional Reform, Wijayadasa Rajapakse, unveiled plans to introduce a new legislative framework aimed at regulating microfinance institutions operating within the country.

Expressing deep concern regarding the unregulated status of certain microfinance entities, Minister Rajapakse emphasized the necessity for decisive measures. He underscored the intention to establish an independent regulatory institution, distinct from the Central Bank, dedicated to the oversight and effective regulation of microfinance entities.

Minister Rajapakse made these remarks on Monday (04) during a Press Briefing at the President’s Media Centre (PMC), under the under the theme ‘Collective path to a stable Country’.

The Minister further commented that the Ministry of Justice presently oversees the operation of 21 institutions, encompassing a diverse range of subjects, including law enforcement and law reform. With more than 1.1 million cases pending within the courts in the country, concerted efforts have been undertaken in recent times to mitigate delays in case adjudication. Substantial measures have been implemented to address the backlog and streamline the judicial process, with a particular focus on the establishment and operation of conciliation boards aimed at facilitating the expeditious resolution of select cases.

The Minister further stated that globally recognized expedited methods for resolving criminal cases stand in contrast to our nation’s outdate legal framework, resulting in prolonged durations for case resolutions. This delay in criminal proceedings represents a substantial issue, jeopardizing the administration of justice and leaving all parties involved without timely recourse.

To address this challenge, a draft law aimed at expediting the resolution of criminal cases is currently under development and is slated for submission to Parliament in January. In advanced jurisdictions, there is a paradigm shift towards non-custodial measures for individuals involved in minor offenses. Recognizing that incarceration, in many instances, is not the most suitable recourse, the new legal framework being proposed aims to explore alternatives. Notably, some individuals find themselves incarcerated due to societal oversights, and the proposed legislation acknowledges this by providing avenues for release on bail conditions. This approach aims to strike a balance between societal concerns and individual liberties, fostering a more nuanced and equitable criminal justice system.

The Office of Missing Persons currently manages a caseload of approximately 14,000 complaints. When assuming duties of this Ministry, only 62 complaints had been investigated. Presently, we have successfully concluded investigations for 4,795 complaints, reflecting a substantial improvement in case resolution. It is noteworthy that all outstanding complaints lodged with the Office of Missing Persons are slated for resolution by the coming year.

Furthermore, to fortify and enhance the efficiency of the judicial process, a comprehensive set of eight new bills is set to be submitted to Parliament.

Efforts are underway to establish a reconciliation society within each village, where government officials and politicians do not play a direct role. The activities of these societal initiatives, referred to as reconciliation societies, are guided by the preferences of elders and religious leaders within the respective villages. The responsibilities encompass the independent execution of tasks such as infrastructure development, including road construction and provision of electricity, rendering political involvement unnecessary.

The villagers take charge of organizing religious festivals, sports events and cultural celebrations, fostering a sense of community ownership and participation. The overarching vision is to seamlessly integrate each Grama Seva Division into a unified network, operating independently from external interference. The reconciliation society is entrusted with safeguarding the welfare and interests of the village, thereby ensuring the preservation and well-being of the community.

Presently, widespread discourse revolves around the state of the country’s economy, which has been adversely affected by various factors. The extensive toll on lives and property incurred during Prabhakaran’s war and the destructive actions of the JVP, including the burning of buses, transformers and over 25 courts, have significantly impacted the economic landscape. The repercussions of these incidents continue to reverberate, influencing the nation’s economic trajectory.

One pressing issue contributing to economic challenges is the unregulated proliferation of microfinance institutions, perceived as a substantial concern in the country. The absence of legal frameworks and regulatory oversight, coupled with the lack of registration with the Central Bank, has created an environment where individuals find it challenging to secure loans through conventional financial institutions due to their stringent rules. Consequently, many turn to microfinance institutions, exacerbating the existing economic predicament.

To address this concern, there is a pressing need to establish a dedicated regulatory body, separate from the Central Bank, to oversee and govern microfinance institutions. Efforts are underway to introduce comprehensive laws aimed at regulating these entities and mitigating the potential adverse effects they pose to the country’s economic stability. The goal is to instate a regulatory framework that ensures responsible and accountable practices within the microfinance sector, thereby contributing to the overall economic well-being of the nation.

(PMD)



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A new curriculum will be introduced for preschools in 2027, while steps will also be taken to train teachers accordingly – PM

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Prime Minister Dr. Harini Amarasuriya stated that a new curriculum will be introduced for preschools in 2027, while steps will also be taken to train teachers accordingly and to regulate preschools through a regulatory authority.

The Prime Minister made these remarks while addressing an awareness programme for preschool teachers in the Hambantota District on education reforms, held  on Sunday (15) at the Ambalantota Pradeshiya Sabha Auditorium.

During the programme, preschool teachers briefed  the Prime Minister about the challenges they currently face. Responding to their concerns, Dr. Harini Amarasuriya further stated:

“The issues within the preschool system cannot be discussed separately from the broader crisis in society and in the education sector. When we assumed office in 2024, our primary challenge was to free the country from its debt burden and to establish. a  sound economic indicators.

Although 2025 was a challenging year, we were able to bring the country’s economy to a certain level of stability and manage the national budget accordingly.

While we were working towards economic recovery, the war in the Middle East began, which has had certain impacts on our country as well.

A significant amount of Sri Lanka’s foreign remittances come from our fellow citizens working in the Middle East. Today, both their livelihoods and employment are under threat. In addition, a large number of tourists travelled to Sri Lanka through Middle Eastern airspace, and the closure of those air routes and airports has reduced tourist arrivals. Another issue concerns fuel transportation. This problem has affected not only Sri Lanka but many countries around the world. If the war continues for a long period, it will have further impacts on us, and therefore we must be prepared. We also need to manage the economy carefully and reduce certain expenditures.

Although we have the ability to borrow, our intention is not to weaken the country’s economy by relying on loans.

You are aware that we have begun implementing education reforms. Within that policy framework, we are also taking steps to reform preschool education. So far, the establishment of preschools and early childhood development has not been carried out in a systematic manner. Therefore, we must regulate and standardize all preschools, which is not an easy task.

First, all preschools must be formally registered. We have already prepared a curriculum for teacher training. In addition, we plan to introduce a new curriculum for preschools in 2027, provide teacher training accordingly, and regulate preschools through a regulatory authority. A recognized curriculum has also been prepared for the preschool diploma. In the future, priority for preschool teachers will be given based on these qualifications. We will also take gradual steps to enhance the professionalism of preschool teachers and establish a proper salary structure”.

The Prime Minister further stated that preschools fall under the authority of Provincial Councils and Pradeshiya Sabhas, while the line ministry can only provide policy recommendations. She also emphasized that issues related to preschools should be addressed in a systematic manner through structural committees and District Development Committees.

Member of Parliament Nihal Galappaththi and other public representatives, along with preschool teachers from the Hambantota District attended the awareness program.

(Prime Minister’s Media Division)

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Be mindful of the accuracy of information before sharing it on social media – PM

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The Prime Minister made these remarks while addressing the “Sandeshaya” Media Awards Ceremony held on 14 March at the Kularathne Hall of Ananda College, Colombo. The event was organized with the aim of providing Sri Lankan school students with an opportunity to actively contribute to the national media discourse while promoting ethics, responsibility, and critical thinking.

During the “Sandeshaya” Awards Ceremony , lifetime awards granted only once in a lifetime were presented to distinguished veterans in the media field, while media awards were also presented to talented students in the school category. The ceremony was held under the patronage of the Prime Minister.

Expressing her views further, the Prime Minister stated:

“We live in an era where information technology and the media are changing rapidly. Along with these changes, many opportunities have emerged, but we are also confronted with numerous challenges.

We must prepare our younger generation to live in a society and a world transformed by information technology and the media.

When we observe the changes taking place in the media today, we can say that the media and information have become democratized. In the past, access to knowledge and information was largely limited to privileged or powerful groups. The authority to communicate information and decide what should be disseminated was held by a small group. However, with the advancement of technology, this has changed dramatically. As a result of this revolutionary transformation, information, data, and knowledge have now become accessible to everyone. In that sense, it is a positive development.

At the same time, we are no longer merely media viewers or consumers. As citizens, we can also become media creators. Citizens now have significant space to engage with the media and share information. While this is positive in one sense, it also carries certain dangers. There are serious questions, issues, and challenges regarding responsibility and credibility in the dissemination of information. Today, information flows so rapidly that it is sometimes difficult to determine what is true. Making decisions has become increasingly challenging. Not only in our country but globally, there have been many instances where societies have been set ablaze due to misinformation or deliberately distorted information. We have witnessed numerous occasions where people’s lives have been destroyed as a result.

Sometimes, without even realizing it, we get trapped on the internet. We share various things through our social media platforms, both necessary and unnecessary. However, what we often forget is that a large amount of personal information accumulates on the internet through these actions. Once incorrect information becomes widespread in this way, it becomes extremely difficult to erase.

The spread of false information weakens public trust in the information provided by the media, and this is extremely dangerous for a society. For the sustainability of a society, it is essential to maintain trust among citizens and trust in the institutions that influence people’s lives. Only through the trust we can safeguard the sustainability, continuity, and security of a society.

However, what has happened today due to the spread of misinformation? We no longer have confidence in our leaders. We do not even trust elders. There is doubt about whether the news we receive can be trusted. When credibility weakens within a society, it can push that society into crisis.

Therefore, it is extremely important to cultivate a culture that strengthens trust in leadership, promotes confidence in elders, and enhances awareness about reliable sources of information. In this context, those entering the field of media carry a significant responsibility.

Just like the senior professionals we honored today, you too may one day enter this field. However, there is a vast difference between the era in which they entered the profession and the era you will enter. You will carry a unique responsibility to strengthen the credibility of the media and to stand firmly behind the information you present.

You must be able to stand by the information you provide. You must reflect on whether the information you share is true and who might be affected by it. Ensuring the credibility of the information you disseminate is also your responsibility.

Similarly, as users of any form of media, we all bear a responsibility to verify the reliability of the information we receive and to be aware of how to distinguish between truth and falsehood. That is why digital literacy and media literacy are essential. It is also for this reason that we believe such subjects and concepts must be incorporated into education reforms so that our student generation can learn them.’

The Prime Minister further stated that citizens have a responsibility to be mindful of the truthfulness of information before sharing content found on the internet and social media with others.

The event was attended by the Secretary to the Ministry of Health and Mass Media Anil Jasinghe, Principal of Ananda College D.M.L.P. Dissanayake, journalists, principals, teachers, and students.


(Prime Minister’s Media Division)

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Heat Index at ‘Caution level’ at some places in the Western, Sabaragamuwa, Southern and North-western provinces and in Monaragala, Mannar, Anuradhapura and Vavuniya districts

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Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre of the Department of Meteorology  at 3.30 p.m. on 15 March 2026, valid for 16 March 2026.

The public is warned that the Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at
some places in the Western, Sabaragamuwa, Southern and North-western provinces and in Monaragala, Mannar, Anuradhapura and Vavuniya districts.

The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.


Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.

ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.

Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491

 

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