Sri Lanka’s Parliament has approved a new pricing formula for pharmaceutical drugs, aimed at regulating medication costs nationwide. Health and Mass Media Minister Dr. Nalinda Jayatissa announced that the new framework will set maximum price limits for each category of drugs to ensure affordability and transparency in the healthcare sector. He also confirmed that the…

Sri Lanka’s Ministry of Education has confirmed that the first phase of the third school term for all government and government-approved private schools will end tomorrow (November 7). The second phase of the term will resume on different dates based on the medium of instruction:

The Department of Examinations has announced that the GCE Advanced Level Examination has been postponed indefinitely due to the prevailing severe weather and cyclone conditions affecting many parts of Sri Lanka. Commissioner General of Examinations stated that this decision was taken to ensure the safety of students and examination staff. Most A/L subjects scheduled from…

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…