The Central Bank of Sri Lanka (CBSL) has extended the tenure of Mr. P W D N R Rodrigo, the Administrator appointed to Nation Lanka Finance PLC (NLFP), under the Banking (Special Provisions) Act, No. 17 of 2023 (BSPA).
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Extension of the Term of the Administrator Appointed to Nation Lanka Finance PLC under the Banking (Special Provisions) Act, No. 17 of 2023
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Nation Lanka Finance PLC - Cancellation of Licence under the Banking (Special Provisions) Act, No.17 of 2023
The Central Bank of Sri Lanka (CBSL) initiated resolution actions on Nation Lanka Finance PLC (NLFP) effective from 04.07.2025 under the provisions of the Banking (Special Provisions) Act, No. 17 of 2023 (BSPA). This action was taken following NLFP’s continuous violations of the provisions of the Finance Business Act, No. 42 of 2011, despite the implementation of numerous regulatory measures by CBSL. Accordingly, Mr. P W D N R Rodrigo was appointed on the same day as the Administrator to assume full control over all assets, operations and affairs of NLFP, and to carry on the business and affairs of the company in the name and on behalf of the company.
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Notice to General Public on Prohibited Pyramid Schemes
In terms of Section 83 (C) of the Banking Act, No. 30 of 1988, as amended, the Central Bank of Sri Lanka has conducted an investigation, ascertained and determined that “Infinity Rover (Pvt) Ltd” has engaged, conducted and promoted a prohibited scheme.
Further, the following Companies/Apps have also been ascertained and determined as prohibited schemes under Section 83 (C) of the Banking Act, No. 30 of 1988, as amended.
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CCPI-based headline inflation accelerated further in June 2026
The Colombo Consumer Price Index (CCPI, 2021=100) based headline inflation (year-on-year, Y-o-Y) accelerated further in June 2026, as expected, reflecting the pass-through of continued upward adjustments to domestic energy prices due to the Middle East conflict. Accordingly, headline inflation (Y-o-Y) was recorded at 6.8% in June 2026 compared to 5.5% in May 2026.
Non-Food inflation (Y-o-Y) accelerated to 8.4% in June 2026 from 7.8% in May 2026, contributing mainly to the increase in headline inflation. Food inflation (Y-o-Y) also accelerated to 3.6% in June 2026 from 0.9% in May 2026.
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External Sector Performance - May 2026
The external sector performance continued to reflect the impact of the war in the Middle East, with the current account recording a deficit for the second consecutive month in May 2026.
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IMF Staff Concludes Visit to Sri Lanka
An International Monetary Fund (IMF) Mission team led by Mr. Evan Papageorgiou visited Sri Lanka from 24 to 30 June 2026 to assess recent macroeconomic developments and discuss the authorities’ progress in implementing the economic reform program supported by the IMF’s Extended Fund Facility (EFF) arrangement. At the conclusion of the visit, the IMF issued the following press release on 30 June 2026, which can be accessed from the link below.
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Sri Lanka PMI - Construction expanded in May 2026
The Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction), as reflected in the Total Activity Index, increased to 59.1 in May 2026, indicating an expansion in construction activities. Most survey respondents reported a resumption of construction activities during the month, following the slowdown experienced in the April festive period.
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SL Purchasing Managers’ Index (PMI) – May 2026
Purchasing Managers’ Indices indicate improvements in both Manufacturing and Services activities in May 2026.
Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 56.6 in May 2026, indicating an expansion in manufacturing activities compared to April 2026. All sub-index values recorded above the neutral threshold during the month, contributing to the overall increase in the index value. However, respondents continued to highlight the challenging operating environment associated with the Middle East conflict.
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Kasagala Green Plantation (Private) Limited: Statement made at the “Pini Viyana” TV Programme aired on ITN on 08.06.2026
It has been brought to the notice of the Central Bank of Sri Lanka (CBSL) that Mr. Malwattage Ranjith Nandana Pieris, Director of Kasagala Green Plantation (Private) Limited, on 08.06.2026 on “Pini Viyana” television programme on Independent Television Network, Sri Lanka (ITN) had stated, inter alia, that Kasagala Green Plantation (Pvt) Ltd. (KGPL):
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Cancellation of the Registration of Co-operative Leasing Company Limited as a Registered Finance Leasing Establishment under the Finance Leasing Act No. 56 of 2000
Co-operative Leasing Company Limited (CLCL), a Registered Finance Leasing Establishment under the Finance Leasing Act, No 56 of 2000, as amended (FLA), has acted in contravention of the Directions issued by the Director, Department of Supervision of Non-Bank Financial Institutions (DSNBFI) of the Central Bank of Sri Lanka by its repeated failure to comply with the Finance Leasing (Reporting Requirements) Direction No. 2 of 2010 and had also failed to meet the requirements stipulated by the Central Bank of Sri Lanka on the Masterplan for Consolidation of Non-Bank Financial Institutions (the Masterplan), despite several extensions granted to enable compliance with the same. No satisfactory progress has been made by CLCL to adhere to the Masterplan and in particular, CLCL has failed to develop a viable plan to ensure the sustainability of its business operations.