Sri Lanka to Establish Drug-Prevention Committees in All Schools, Universities, and Government Institutions

Sri Lanka will introduce nationwide drug-prevention committees across all schools, universities, government bodies, and non-governmental organizations, Public Security Minister Ananda Wijepala announced on Sunday (16). Speaking at an event in Kalutara, the minister said the directive will be formalized through a circular to be issued today (17), as part of a broader national campaign to…

Read More

Sri Lanka Central Bank Tightens Loan Limits on Vehicle Purchases

The Central Bank of Sri Lanka (CBSL), acting in its role as the country’s macroprudential authority, has announced new limits on loan-to-value (LTV) ratios for vehicle financing. The revised regulations apply to licensed commercial banks, licensed specialized banks, licensed finance companies (LFCs), and registered finance leasing establishments (RFLEs). Effective from November 8, credit facilities granted…

Read More

Sri Lanka Announces Incentives to Boost AI and Digital Infrastructure Development

President Anura Kumara Dissanayake announced that Sri Lanka will offer several incentives to encourage the establishment of artificial intelligence (AI) data centres in the country. Speaking during the 2026 Budget Speech, he emphasized the strategic importance of AI in the global economy and said the government will provide concessions to companies investing in this sector….

Read More
free education investment zone

Sri Lanka Raises Student Allowances to Support Higher Education Amid Rising Costs

President Anura Kumara Dissanayake announced in the 2026 Budget Speech that financial allowances provided to university students will be increased by Rs. 2,500. The adjustment comes as part of the government’s efforts to ease the financial burden on students facing higher living costs. With the increase, the monthly Mahapola allowance will rise to Rs. 10,000,…

Read More