Category: Local News



Sarana Gunawardena’s verdict postponed to June 09, 2026

The Colombo High Court has ordered that the announcement of the verdicts in four cases filed by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) against former Deputy Minister Sarana Gunawardena, who was accused of corruption, be postponed until June 09, 2026.










Sri Lanka tightens vehicle loan limits again

The Central Bank of Sri Lanka says its decision to further reduce maximum loan values for motor vehicles has come into effect from today (May 25), lowering the loan limit for commercial vehicles to 60% and personal vehicles to 40%.



CBSL caps gold loans at 70% LTV

The Central Bank of Sri Lanka has capped loans granted against gold collateral at 70% of the gold’s value with effect from today (May 25), citing risks to financial system stability due to the rapid growth of gold-backed lending.