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Parate Law Reinstated in Sri Lanka: A Looming Threat to Small and Medium Enterprises
The reimplementation of the controversial Parate Execution Law in Sri Lanka has sparked renewed debate across the business and legal sectors. The law, under the Recovery of Loans by Banks (Special Provisions) Act No. 4 of 1990, allows licensed commercial banks to auction properties mortgaged against loans without judicial proceedings if borrowers fail to settle…
India and China Battle for Dominance in Sri Lanka’s Vehicle Market Tata, Maruti Suzuki, Mahendra, BAIC Micro, BYD etc.
Sri Lanka’s automobile market has become a focal point for competition between Indian and Chinese automobile manufacturers, each striving to establish a strong presence in this strategically located island nation. Indian Automotive Influence Indian automobile manufacturers have a longstanding relationship with Sri Lanka, historically dominating sectors such as motorcycles and three-wheelers (tuk-tuks). Prior to 2020,…
A woman to lead the Tax Department Rukdevi Fernando
A woman has been appointed as the 39th Commissioner General of the Inland Revenue Department, with the responsibility of increasing Sri Lanka’s tax revenue to 15% of the Gross Domestic Product (GDP). The new Commissioner General is Rukdevi Fernando, also known as I.R.D. Fernando. Fernando emphasized that her focus will be on expanding the tax…
Half of Sri Lanka’s Population Brushes Their Teeth Only Once a Day
Specialist Dr. Nilantha Ratnayake of the Sri Lanka Dental Association revealed that 50% of Sri Lanka’s population brushes their teeth only once a day. He expressed this observation during a press conference held to mark World Oral Health Day which falls on March 20. According to Dr. Ratnayake, oral diseases are among the most common…
Sri Lanka to Secure Biometric Data with Cryptographic Hashing New e-NIC Cards to be Issued
Sri Lanka will secure biometric data for its national ID system using cryptographic hashing, which converts data into non-reversible random values for enhanced security. Waruna Sri Dhanapala, Acting Secretary of the Ministry of Digital Economy, said this measure will protect user identities and prevent unauthorized access. Sanjaya Karunasena, ICTA Director, highlighted that biometric-backed digital identity…
New Consumer Rights Protection Initiative Launched Under “Clean Sri Lanka” Programme
On March 15, 2025, coinciding with World Consumer Rights Day, a new initiative aimed at protecting consumer rights was launched under the “Clean Sri Lanka” Programme. The launch event took place at the Presidential Secretariat, with the participation of Dr. Nandika Sanath Kumanayake, Secretary to the President, and senior officials from various ministries including Health,…