Central Bank of Sri Lanka Issues Relief Measures for Cyclone and Flood-Affected Borrowers
In the aftermath of the devastating cyclonic and flood disasters that struck Sri Lanka in late 2025, thousands of individuals and businesses have been left struggling to recover. Recognizing the urgent need for financial relief, the Central Bank of Sri Lanka (CBSL) issued Circular No. 04 of 2025 on December 5, 2025, directing all licensed […]
Harnessing the Sun: Why Sri Lanka Should Embrace Solar Power, Government Support or Not
Why Sri Lanka Should Embrace Solar Power? – In the sweltering heat of the tropics, where the sun beats down relentlessly year-round, Sri Lanka sits on a goldmine of untapped renewable energy. With average solar irradiance levels exceeding 5 kWh/m² per day among the highest in South Asia the island nation has the potential to […]
Sri Lanka’s Plastic Bag Levy: A Promising Start to Curbing Single-Use Waste
In a nation long plagued by the scourge of plastic pollution where beaches once pristine are now littered with discarded “sili-sili” bags Sri Lanka has taken a decisive step forward. Effective November 1, 2025, the government has banned the free distribution of plastic shopping bags in retail outlets, introducing a modest levy to discourage their […]