News

SEC warns public over

Published

3 months ago

2025/12/11

Securities and Exchange Commission (SEC) says that it has not licensed an entity, called ‘Gladius South Asia,’ to operate as a market participant within or outside the country.

Contrary to claims made by ‘Gladius South Asia’, the UK’s Financial Conduct Authority has confirmed that it has not registered the firm either, the SEC said.

“The Securities and Exchange Commission of Sri Lanka wishes to inform the public that “Gladius South Asia” is not licensed by the SEC to operate as a Market Participant within or outside Sri Lanka,” the Sri Lanka market watchdog said in an x.com message.

“The SEC does not regulate, nor does it grant licenses for entities to operate in foreign jurisdictions,”

“It has come to the attention of the SEC that Gladius South Asia, in some instances, informs clients that it is licensed by the Financial Conduct Authority (FCA) in the United Kingdom.

“However, the FCA has officially confirmed to the SEC that Gladius South Asia is not a registered entity with the FCA. Please note that in the United Kingdom, all financial services activities must be authorised or registered by the Financial Conduct Authority (FCA).”

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News

Cabinet nod to accept Japanese government grant of 08 used low floorboard buses

Published

5 hours ago

2026/03/4

Priyan

The Cabinet of Ministers approved the resolution furnished by the Minister of Transport, Highways and Urban Development to accept 08 used low floorboard buses offered as a grant by the Government of Japan.

News

Payment of the financial subsidy for fertilizer to farmers cultivating paddy lands for the Yala season 2026.

Published

5 hours ago

2026/03/4

Priyan

While approval has been granted at the Cabinet meeting held on 18.08.2025 to pay the financial subsidy for fertilizer to farmers cultivating paddy lands for the Maha season 2025/26, the programme is planned to be continued for the Yala season 2026 as well.

Accordingly, the Cabinet of Ministers approved the resolution furnished by the Minister of Agriculture, Livestock, Lands and Irrigation to pay a financial subsidy of Rupees 25,000/- per hectare and for a maximum of 02 hectares per farmer for paddy cultivation and to pay Rupees 15,000/- per hectare for field crops cultivated in paddy lands[maximum of 02 hectares per farmer]

News

Ministerial Committee appointed to submit recommendations on proposed program to mitigate loss of crops to wild animals

Published

5 hours ago

2026/03/4

Priyan

The rural agricultural livelihood and food security have been severely impacted due to the damage caused by wild animals such as elephants, wild boars, monkeys, toque macaque, squirrels, and peacocks roaming around human habitats and cultivated lands.

Animal-human conflicts and property destruction have mostly been reported around these areas, and serious social and economic issues have also arisen.

Therefore, the Ministry of Agriculture, Livestock, Land, and Irrigation has prepared a comprehensive program based on the opinions of all stakeholders, including the public, university community, farmers’ organizations, environmentalists, non-governmental organizations which work for environmental issues, the Department of Agriculture, the Department of Agrarian Development, and other relevant organizations.

Taking into consideration the report submitted by the Minister of Agriculture, Livestock, Land, and Irrigation, the Cabinet of Ministers has decided to appoint a ministerial committee with the participation of other relevant ministers, chaired by the Minister of Agriculture, Livestock, Land, and Irrigation, to submit appropriate recommendations on how the aforementioned program should be implemented by further reviewing the proposals included in the said program and incorporating new proposals.