News
Microfinance and Credit Regulatory Authority Bill: TISL files petition in SC
Transparency International Sri Lanka (TISL) last week petitioned the Supreme Court, challenging the ‘Microfinance and Credit Regulatory Authority Bill’. It has artgued that the Bill fails to address or introduce a fit scheme sufficiently to enable the regulation of the extortive and predatory practices that microfinance lenders engage in at the grassroots levels.
The Bill was on the Order Paper of Parliament on 9 January, 2024. TISL has argued in the Petition (SC SD 14/2024) that the Bill does not conform to the principles of reasonableness, proportionality, natural justice, separation of powers and legal certainty as required, and is thus violative of Article 83 of the Constitution as read with Article 3 and 4 of the Constitution.
The extortive and predatory practices faced by victimized customers/borrowers of microfinance schemes, among others include, sextortion/soliciting of sexual bribes, physical, mental, and emotional harassment and intimidation, and the application of extortive interest rates in the granting of loans.
The Petition states that the Bill fails to adequately regulate all entities that engage in microfinance activities in a manner that would address the pervasive issues that have adversely plagued the sector.
The Petition points out that the Bill excludes certain entities that dominate the microfinance industry, such as licensed commercial banks or licensed specialised banks, licensed finance companies, registered leasing establishments, etc.
TISL has further noted in the Petition that the provisions in the Bill grant undue sole discretion to the subject Minister by allowing the Minister to specify persons who may carry out moneylending without a license from the Microfinance and Credit Authority, and grant exemptions to a class or category of transactions.
It further states that Clause 65 of the Bill attempts to create an information-concealing regime that is in complete violation of Article 14A of the Constitution from which the Right to Information Act No. 12 of 2016 flows.Therefore, the Petition requests the Supreme Court to determine that the Bill, as a whole or in part, is inconsistent with the Constitution.
Three Sri Lankan leopard cubs that were born at the Singapore Zoo on Jan 1 have now made their public debut at the facility.
The two males and one female, born to mother Yala and father Asanka, are the first of their species yo be born at the Singapore Zoo. The last successful birth in Singapore was recorded at the Night Safari three decades ago.
The triplets, which are the pair’s first litter, are among around 80 Sri Lankan leopards in zoos worldwide.
The species is listed as vulnerable on the International Union for Conservation of Nature (IUCN) Red List, with fewer than 800 individuals estimated to remain in the wild.
Visitors can now see the triplets at the Wild Africa exhibit, said the Mandai Wildlife Group in a statement on April 16.
The cubs can be found in the exhibit with their mother daily until mid-May and, subsequently, every Wednesday, Saturday and Sunday.
Yala with her cubs in their nest box, a month after their birth on Jan 1. (Straits Times)
A leopard cub investigating a piece of meat suspended from a tree – one of the several enrichment items in the Wild Africa exhibit designed to keep the cats mentally and physically stimulated. (Straits Times)
Mandai Wildlife Group curator Anand Kumar said it took nearly three years and close collaboration across continents to bring together a compatible pair of Sri Lankan leopards.
(Straits Times)
https://www.straitstimes.com/singapore/singapore-zoos-first-sri-lankan-leopard-cubs-make-their-public-debut?ref=top-stories
The Sri Lanka Navy has seized a local multi- day fishing trawler, it’s four man crew together with a consignment suspected to be narcotics off the Southern Coast of the island.
The vessel is presently being escorted to the Dikowita fisheries harbour for further investigations and legal proceedings.
Latest News
Heat Index at Caution Level in the Northern, North-central, North-western, Western, Sabaragamuwa, Eastern and Southern provinces and in Monaragala district
Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre
Issued at 3.30 p.m. on 15 April 2026, valid for 16 April 2026.
The Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in the Northern, North-central, North-western, Western, Sabaragamuwa, Eastern
and Southern provinces and in Monaragala district.
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
Singapore Zoo’s first Sri Lankan leopard cubs make their public debut
Sri Lanka Navy seize multi day fishing craft suspected of smuggling narcotics
‘Sent to be killed’: How Russia forces migrants to fight in Ukraine
Babar Azam 71* helps Peshawar Zalmi extend lead at top
Trump threatens to fire Fed chair Jerome Powell if he doesn’t leave in May
Royal Challengers Bengaluru top the table after bowlers help thump Lucknow Super Giants
‘Dates have the highest sugar content to fight Coronavirus’
Sunday Island 27 December – Headlines
#SundayIsland 17th December – Headlines
Sunday Island – 28th March
Sunday Island Headlines – 21 March
Sunday Island – 21st February – Headlines
-
News5 days agoCEB orders temporary shutdown of large rooftop solar systems
-
Features5 days agoFrom Royal College Platoon to National Cadet Corps: 145 years of discipline, leadership, and modern challenges
-
Business7 days agoIsraeli attack on Lebanon triggers local stock market volatility
-
Business7 days agoHNB Assurance marks 25 years with strategic transformation to ‘HNB Life’
-
Latest News4 days agoPNS TAIMUR & ASLAT arrive in Colombo
-
News6 days agoAnura Solomons passes away
-
Features5 days agoCIA’s hidden weapon in Iran
-
Latest News4 days agoPrasidh, Buttler set up comfortable win for Gujarat Titans