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Central Bank’s ability to print money limited –Acting Finance Minister

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The ability of the Central Bank of Sri Lanka to print money has been limited with the enforcement of the new Central Bank Act.

The Central Bank of Sri Lanka Bill was passed in Parliament with amendments in July while it came into effect as an Act from yesterday.

The Act empowers the CBSL in various ways while ensuring its independence.

Acting Minister of Finance Ranjith Siyambalapitiya noted that the Act limits the ability to print money excessively, which caused major issues in the country in recent times.

According to the Act, the Central Bank will be able to print money during special circumstances such as when dealing with a national security or health emergency.

Meanwhile, with the enforcement of the Act, the Treasury will not be able involved in the process to appoint a Governor of the Central Bank.

(news radio)

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13 reservoirs reach spill level

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The Water Management Branch of the Irrigation Department has said that a total of 13 reservoirs have started spilling due to high rainfall in the catchment areas.The reservoirs of Mahakandarawa, Mahawilachchiya, Nuwara Wewa, Rajangana, Unnichchi, Muruthawela, Weerawila, Ellewela, Wemedilla, Mediyawa, Usgala, Ethimale and Wan Ela, have all reached spill level in this manner.

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Schoolgirl abducted in Kandy found in Ampara, suspect arrested

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Police have located the schoolgirl abducted in Daulagala, Kandy on Saturday (11).

The schoolgirl, along with the primary suspect involved in the abduction have been found by the police while they were boarded on a luxury bus that was scheduled to depart for Kandy near the Ampara Bus Stand today (13).

However, the suspect has now been arrested and the interrogations of the girl and the suspect are underway.

The abduction took place on the morning of January 11, 2025, in the Daulagala Police Division. Preliminary investigations had revealed that the primary suspect is a close relative—the son of the girl’s father’s sister.

Police said that the suspect abducted the girl following a disagreement over their proposed marriage. Initially, both families had consented to the union, but the girl’s father later withdrew his approval, triggering the conflict, according to police.

The schoolgirl, a resident of Handessa, was abducted on the morning of January 11 while on her way to school with a friend.

The van used in the abduction was discovered abandoned in Polonnaruwa by local police the same day. Subsequently, officers from Daulagala Police apprehended the van driver, a 30-year-old resident of Kahatapitiya, Gampola, in the Gampola area on January 12.

(adaderana.lk)

(This story, originally published by adaderana.lk has not been edited by SLM staff)

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President AKD to leave for China today

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President Anura Kumara Disanayake is set to depart the country this evening (Jan. 13) for a four-day state visit to the People’s Republic of China.

This visit, taking place from Jan. 14 -17, is undertaken at the invitation of Chinese President Xi Jinping.  

During the visit, President Disanayake will hold discussions with President Xi Jinping and Premier Li Qiang, as well as engage with other senior Chinese officials to strengthen diplomatic ties.  

The agenda includes key focus areas such as technology, agriculture, and poverty alleviation. The President is also scheduled to visit strategic facilities and participate in high-level business forums aimed at enhancing economic collaboration and investment opportunities.  

A series of bilateral agreements to deepen mutual understanding and cooperation between Sri Lanka and China will be signed during the visit.  

This marks President Disanayake’s second international state visit since assuming office and is considered a pivotal step in fortifying the longstanding partnership between Sri Lanka and China. It is anticipated that the visit will significantly advance bilateral relations, particularly in the areas of trade, investment, and economic cooperation. 

(President’s Media Division)

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