Sri Lanka, Jan. 6 -- National People's Power (NPP) Parliamentarian Lakshman Nipuna Arachchi has announced that a new bill has been submitted to Parliament with the objective of addressing the persistent issues associated with microfinance loans.

Speaking at an event held in Colombo, the MP emphasized the severity of the crisis, stating that about 200 women have reportedly died by suicide after being overwhelmed by microfinance-related debt.

Meanwhile, reports have surfaced regarding a large-scale financial fraud involving the unauthorized use of the name and logo of the Colombo Stock Exchange (CSE).

Niroshan Wijesundere, Senior Vice President of the CSE, confirmed that the scam was carried out through a fraudulent mobile application th...