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CoPF commends decision to redraft Micro-Finance Bill

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The Committee on Public Finance (CoPF), chaired by Dr. Harsha de Silva, played a key role in advancing inclusive policymaking for the Microfinance and Credit Regulatory Authority Bill.

Following extensive consultations with a diverse range of stakeholders, including community-based organizations, transparency advocates, think tanks, and fintech companies, the CoPF’s engagement yielded a significant development.

The Ministry of Finance initially presented the Bill. However, after careful consideration of stakeholder feedback received during the CoPF meeting and recordings reviewed, the Ministry recognized that the Bill, in its current form, did not effectively address their original objectives.  Fears existed that the Bill might inadvertently stifle microfinance activities in Sri Lanka.

This decision by the Ministry of Finance to withdraw the Bill for redrafting reflects a commitment to transparent and inclusive policymaking.  By actively engaging various stakeholders, the CoPF identified potential issues and fostered a collaborative environment for achieving a positive outcome.

This episode also highlights the vital role Parliament plays within a democratic system. The CoPF, through its diligent work, demonstrates how legislative oversight can ensure proposed policies are well-rounded and serve the best interests of the public.

The Ministry of Finance has expressed its commitment to redrafting the Bill in consultation with stakeholders, ensuring that it fosters a healthy environment for both microfinance and Small and Medium Enterprises (SMEs).

State Ministers Dr. Suren Raghavan, and Members of Parliament Rauff Hakeem, Nimal Lanza, Mayantha Dissanayake, Chandima Weerakkody, Duminda Dissanayake, Dr. Major Pradeep Undugoda, Madhura Withanage were present at the Committee meeting held.

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All necessary procedures to launch Starlink services in SL competed – Dy. Minister

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The government has completed all necessary procedures to launch Starlink services in Sri Lanka, says Deputy Minister of Digital Economy Eranga Weeraratne.

According to Deputy Minister Weeraratne, once the expected information dashboard is received from Starlink, the service could be launched without any operational delays.

He made this statement while attending a bilateral meeting organized by the Sri Lankan High Commission in Singapore, held alongside the 2025 Tech Summit Asia in Singapore.

The matter was discussed during a meeting between Deputy Minister of Digital Economy Eranga Weeraratne and Ambassador Stephan Lang, the United States’ Coordinator for International Communications and Information Policy at the U.S. Department of State.

During the meeting, several strategic areas were also discussed.

Ambassador Lang emphasized the importance and urgency of these initiatives, describing them as both challenging and essential for Sri Lanka’s digital future. He reiterated the United States’ continued commitment to supporting Sri Lanka in implementing these transformative digital policies and programs.

(adaderana.lk)

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

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2 more arrested over shooting Halloluwa’s vehicle

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Two more individuals have been arrested over the shooting incident targeting the vehicle of former Executive Director of the National Lotteries Board –  Thusitha Halloluwa.

According to the police, the duo was arrested by the Colombo South Divisional Crime Detective Bureau today (02).The suspects, aged 27 and 37 have been arrested in Kadawatha and Ganemulla.

According to Police, a cache of 13 rounds of T-56 type ammunition and 10 grams of the crystal methamphetamine also known as ICE were also found in the suspects’ possession.

The suspects are scheduled to be produced before the Hulftsdorp Magistrate’s Court tomorrow (June 03).

Further investigations are underway.

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MoH issues update on Covid-19 situation

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Secretary of the Ministry of Health – Dr. Anil Jasinghe has issued a special statement with regard to the Covid-19 situation in Sri Lanka.

“According to data from the World Health Organization (WHO), a global increase in the activity of the SARS-CoV-2 virus, which causes COVID-19, has been reported since February 2025. Based on the International Respiratory Surveillance System, several countries, including several countries in Asia have reported a notable rise in COVID-19 cases in recent months, the statement states.

In May 2023, the WHO officially declared the end of the COVID-19 global pandemic status, and since then, COVID-19 has been treated as a disease that circulates endemically, similar to other common respiratory infections. It is a known phenomenon for the SARS-CoV-2 virus to undergo genetic mutations during its transmission,” the statement added.

“It is a known phenomenon for the SARS-CoV-2 virus to undergo genetic mutations during its transmission. The currently circulating variant reported in many countries in 2024 has been identified as a sub lineage of a previously known genetic variant. In 2024, this same variant has been detected in Sri Lanka as well.”

“In May 2025, specimens tested by the Medical Research Institute (MRI) confirmed the presence of these previously identified sub-lineages. Therefore, these are not novel variants, and no evidence of increased severity or complications has been reported,” the statement further notes.

Noting that seasonal increases in respiratory illnesses like influenza are commonly observed in recent times, especially under prevailing climatic conditions, the statement states that health authorities remain vigilant in monitoring disease trends, and the public need not panic unnecessarily.

“If individuals experience fever or respiratory symptoms, there is no need for hospital admission out of fear. However, if someone experiences difficulty breathing, medical attention should be sought,” Dr. Jasinghe says.

“Nevertheless, it is important to maintain good respiratory etiquette and general health practices to prevent the spread of COVID-19 and other respiratory viral infections, such as influenza. Recommended measures include covering the mouth and nose with a tissue or the elbow when coughing or sneezing, avoiding unnecessary contact with the face, and ensuring frequent hand hygiene through proper hand washing or the use of alcohol-based hand sanitizers. It is also advisable to avoid touching the face with unclean hands. Individuals exhibiting symptoms of respiratory illness should wear a face mask to minimize the risk of transmitting the infection to others and avoid crowded public settings unless essential. Special attention must be directed towards high-risk populations, as they are more susceptible to developing complications from respiratory infections. These groups include older adults, pregnant women, and infants and young children, whose immune systems are either compromised or still developing. Furthermore, individuals with underlying medical conditions such as heart disease, chronic respiratory illnesses, diabetes, renal disease, cancer, or other chronic diseases, as well as those receiving immunosuppressive therapy, are at increased risk and require additional protection,” the statement further adds.

The full statement is as follows :

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