News
New law drafted at the behest of IMF to make Central Bank an independent body
By saman Indrajith
Governor of the Central Bank Dr. Nandalal Weerasinghe told MPs on Thursday that a new Bill had been drafted to make the Central Bank an independent institution in line with IMF conditions.The Governor said that banks had been instructed to provide relief to those affected by the increase in bank interest rates.
He also said that given the existing fiscal policies, it would be possible to maintain inflation below five percent by the end of next year and that there was no reason for any inconvenience to be caused when exchanging dollars through bank The Governor said this to the members of the Ministerial Consultative Committee on Finance, Economic Stabilization and National Policies. The meeting was chaired by the State Ministers of Finance Ranjith Siyambalapitiya and Shehan Semasinghe.
MPs said that due to the increase in interest rates, the entire income of some creditors was spent on loan installments. The CBSL Governor said that customers could pay only the interest for a grace period in consultation with the bank. Instructions had been given to the banks on this, he said.
The CBSL Governor said that inflation which was 70 percent two months ago had now decreased to 66% and the food inflation which was at 95% had decreased to 85%. He stated that with the existing fiscal policies, this figure was expected to be under five percent by the end of next year.
State Minister Semasinghe said that according to a report of the Department of Public Enterprises, 22 out of 126 institutions had not submitted their annual reports for more than five years and some institutions have delayed the submission of annual reports for about seven years. Accordingly, the State Minister said that since would have to work with the International Monetary Fund in the future, he had instructed the heads of the institutions to submit the annual reports within the stipulated time.
Leader of the Opposition Sajith Premadasa, Members of the Committee Jagath Kumara Sumithraarachchi, Sahan Pradeep Withana and Parliamentarians, Secretary to the Treasury/Ministry of Finance, Economic Stabilization and National Policies. K M Mahinda Siriwardana, officials representing the Ministry and institutions affiliated to it were present at the Committee meeting.
News
Health authorities on high alert over Nipah Virus threat
Sri Lanka has stepped up efforts to detect and respond to a potential outbreak of the deadly Nipah virus (NiV), with health authorities enhancing surveillance and laboratory readiness amid growing concerns in the region.
The Medical Research Institute (MRI), the country’s premier laboratory, has upgraded its testing capacity with the latest technology to identify the Nipah virus, enabling early detection of suspected cases, an MRI source said.
Nipah virus is a highly infectious zoonotic disease that can spread from animals
to humans and also through human-to-human contact. Fruit bats are the natural hosts of the virus.
First identified in Malaysia in 1988, the virus has since caused deadly outbreaks in countries including India and Bangladesh. Experts warn that Sri Lanka, with its close human-animal interactions and tropical climate, must remain vigilant against such emerging infectious diseases.
The case fatality rate of Nipah virus ranges from 40% to 75%, making it one of the most lethal viral infections affecting humans. There are currently no specific drugs or vaccines, with treatment relying mainly on intensive supportive care, health specialists say.
Symptoms of infection initially include fever, headaches, muscle pain, vomiting, and sore throat, followed by dizziness, drowsiness, altered consciousness, and neurological signs indicating acute encephalitis. Severe cases may progress to atypical pneumonia, acute respiratory distress, seizures, and coma within 24 to 48 hours.Authorities continue to urge heightened awareness and precautionary measures, emphasizing that early detection and rapid response are key to preventing outbreaks.
by Chaminda Silva ✍️
News
Free Media Movement demands govt. accountability on free speech issues
The Free Media Movement (FMM) has demanded government accountability on many freedom of expression issues referred to in a statement issued by the Human Rights Commission in a statement issued last week.
The statement under the hands of FMM Convener Lasantha De Silva and Secretary Dileesha Abeysundera says FMM has paid close attention to the statement issued by the Human Rights Commission (HRC) under reference number HRC/S/i/E/03/02/26. It has also informed that global stakeholders, including the International Federation of Journalists—of which it is a member—that are already closely monitoring this matter.
In its statement, HRC has elaborated at length on the issues that have arisen in Sri Lanka concerning freedom of expression and online safety. It specifically points out that the actions of the Sri Lanka Police have been a major contributing factor to these concerns. The Commission notes that recent conduct of the police has indirectly interfered even with the professional activities of journalists.
HRC has also drawn attention to the practice of summoning journalists and other activists before the police without providing clear reasons, in violation of circulars issued by the IGP. In certain instances, the police have stated that journalists were summoned due to alleged defamation arising from media activities.
However, freedom of expression guaranteed by the Constitution is restricted only within constitutionally prescribed limits. Accordingly, defamation that is no longer a criminal offence cannot be acted upon by the police. Such matters constitute civil offences that must be resolved before courts of law. The Commission further observes that attempts by politicians and others to lodge complaints with the Criminal Investigation Department regarding defamation are efforts to portray defamation as a criminal offence.
The HRC statement also addresses the Online Safety Act. While emphasizing the need to be mindful of online safety, the Commission points out that the current law does not address genuine needs. Therefore, as already demanded by many stakeholders, the government has the option to repeal this Act.
In addition, HRC has outlined a three-pronged approach that should be adopted to safeguard freedom of expression, as guaranteed by the Constitution and in line with Sri Lanka’s commitments under the Universal Declaration of Human Rights of the United Nations.
FMM said it is of the view that the Government of Sri Lanka must give serious consideration to this statement and to the recommendations emphasized therein. “This is a moment in which the accountability of the Sri Lankan government is being questioned. Accordingly, the Free Media Movement urges the government to take immediate steps to implement the recommendations set out in this statement,” it said.
News
Opposition alleges Govt deliberately delaying PC polls
ITAK Batticaloa District MP Shanakiyan Rasamanickam accused the government in Parliament on Friday of deliberately delaying Provincial Council elections, pointing to its failure to nominate members to a Parliamentary Select Committee.
The committee, tasked with considering matters related to Provincial Council polls, was announced on 6 January 2026. Opposition parties submitted their nominees promptly.
However, a month later, the government has yet to name its eight members, preventing the committee from being constituted and from commencing its work, Rasamanickam alleged.
Opposition representatives argue that this delay represents intentional inaction aimed at postponing elections. They urged the government to appoint its nominees without further delay to allow the committee to proceed.
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