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‘Half of population in CRIB; Moving away from bankruptcy is a dream’

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Credit Information Bureau of Sri Lanka General Manager Pushpike Jayasundera has told the media that more than half of the population in Sri Lanka have been recorded in the Credit Information Bureau (CRIB) and therefore, they cannot get a loan from a recognized financial institution.

Mr. Jayasundera also said that the reason for this is the lack of knowledge about debt management of Sri Lankans compared to other countries in the South Asian region.

He pointed out that although many people have paid their loans and lease installments properly, some financial companies have not updated the information.

In order to correct this situation, Sri Lanka Credit Information Bureau has taken many steps to educate the people about debt management.

The General Manager said that any person has been provided the facility to obtain their credit information report through the website http://www.crib.lk without going to a financial institution.

Meanwhile, economic experts pointed out that although the CRIB is a tool to protect the credit and banking system, it has posed a great challenge to the country when moving away from bankruptcy.

CRIB information has especially affected the growth of informal transactions in Sri Lanka.

Since a person who has their information recorded at CRIB is unable to get a loan from the banking system, they resort to alternative investments methods eventually even destroying their business.

They pointed out that it also leads to an increase in suicides.

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CID takes over probe into Sabaragamuwa University ragging incident

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The investigations into the ragging incident at the Sabaragamuwa University have been handed over to the Criminal Investigations Department (CID).

 Some students of the Faculty of Technology at the University of Sabaragamuwa had lodged a complaint with the Samanalawewa police station on April 29, 2025 over a ragging incident.

Accordingly, the police recorded statements from 20 students who were subjected to ragging yesterday.

Further investigations into the complaint were handed over to the CID today following the instructions of the Acting IGP, Police said.

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President flags national security risk in Starlink deal

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There is a weakness in the initial agreement we made with Starlink, as it does not grant us access to its data systems in the event of a national security issue, unlike the arrangements we have with existing telecom providers in Sri Lanka, President Anura Kumara Dissanayake said.

He made these remarks while participating in a television programme last night.

He explained that the government was able to uncover several security threats—such as the Arugam Bay incident and the recent court shooting—because it has access to local telecommunications systems, under legal permissions granted to existing providers.

However, he pointed out that the government does not have access to Starlink’s data systems, as such provisions were not included in the initial agreement.

“This poses a direct threat to national security. There isn’t even a designated person to take responsibility, and we have no legal grounds to access the system,” he said.

He added that the government had raised this concern with Starlink, and in response, the company has agreed to provide a dashboard to access certain data.

“But we still don’t clearly understand the extent of access this dashboard will provide,” he said.

As a precaution, the government has allowed the release of equipment necessary to build the dashboard.

“Once it is operational, we will be able to assess how much access to data we actually have,” he concluded.

(dailymirror.lk)

(Except for the headline, this story, originally published by dailymirror.lk has not been edited by SLM staff)

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President begins historic state visit to Vietnam

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President Anura Kumara Dissanayake departed for Vietnam a short while ago, commencing his official state visit to the Socialist Republic of Vietnam, according to the President’s Media Division (PMD). 

At the invitation of the President of Vietnam, Luong Cuong, President Anura Kumara Dissanayake is undertaking a state visit to Vietnam from May 4 to 6. 

This visit marks the celebration of 55 years of diplomatic relations between Sri Lanka and Vietnam and is expected to further strengthen the long-standing bilateral ties between the two nations.

During the visit, President Dissanayake will hold official discussions with the President and Prime Minister of Vietnam. He is also scheduled to meet with senior dignitaries, including the General Secretary of the Communist Party.

President Dissanayake will also participate as the chief guest at the United Nations Day of Vesak celebrations, scheduled to commence on May 6 in Ho Chi Minh City, where he will deliver the keynote address.

Several Memoranda of Understanding and Agreements are expected to be signed during the visit and discussions will be held with the Vietnamese business community to explore avenues for enhanced cooperation.

Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath, along with a delegation of senior government officials, are accompanying President Dissanayake on this official visit.

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