The Central Bank of Sri Lanka has issued a public warning against investing in informal plantation schemes that promise high returns, while simultaneously urging media outlets to exercise caution when publishing advertisements for such ventures.
The regulator’s intervention highlights growing concerns over unregulated investment products targeting retail investors in the country.
In recent developments, Sri Lanka’s financial sector has seen increased activity, including Sampath Bank’s listing of LKR 10 billion ($33 million) in green bonds on the Colombo Stock Exchange, offering yields of 13.
The central bank’s directive comes as part of broader efforts to protect consumers from financial fraud and misleading marketing.
By calling on media platforms to scrutinize ads more closely, authorities aim to curb the spread of information related to these potentially illegal schemes.
This move underscores the importance of regulatory oversight in maintaining market integrity and investor confidence.
In recent developments, Sri Lanka’s financial sector has seen increased activity, including Sampath Bank’s listing of LKR 10 billion ($33 million) in green bonds on the Colombo Stock Exchange, offering yields of 13.00% and 13.25%.