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…

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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….

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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,…

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Sri Lanka to Present Second National People’s Power Government Budget Tomorrow

Sri Lanka’s second budget under the National People’s Power (NPP) administration is set to be presented to Parliament tomorrow (7 November). This will also mark the 80th national budget since the country gained independence. President Anura Kumara Dissanayake, who also serves as Minister of Finance, will deliver the second reading of the Appropriation Bill—commonly known…

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