Sri Lanka Approves US$1.3 Billion in Projects Near Colombo Port City

President Anura Kumara Dissanayake announced that the government has approved investment projects totaling US$1.3 billion in the area surrounding the Colombo Port City development. He said the government will introduce investor-friendly policies to support further growth and will present a new State Enterprise Management Act to Parliament next year to strengthen the governance of state-owned…

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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 Reports USD 823 Million in FDI; New Investment Policies Planned

President Anura Kumara Dissanayake announced during the 2026 Budget Speech that Sri Lanka has received USD 823 million in Foreign Direct Investment (FDI) as of September 2025. He noted that the government aims to attract further investment by introducing investor-friendly policies. In addition, a new State Enterprise Management Act is expected to be presented to…

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Sri Lanka Says It Will Meet Debt Obligations and Continue Economic Stabilization Efforts

Sri Lankan President Anura Kumara Dissanayake has reaffirmed that the current government will remain in office through 2028 and will continue to honor the country’s foreign debt commitments. Presenting the 2026 Budget in Parliament, the President said the government is implementing a program aimed at securing long-term debt sustainability. He noted that Sri Lanka is…

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Sri Lanka Announces Nationwide Housing Programme to Address Worsening Housing Gap

Sri Lanka plans to launch a wide-reaching housing development programme in 2026 aimed at supporting families from all social and economic backgrounds who are struggling with housing challenges. The initiative seeks to respond to a variety of growing pressures, including low incomes, limited access to land, rising construction costs, migration trends, informal urban expansion, displacement,…

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Sri Lanka to Strengthen Public Service With Major Recruitment and New Employee Benefits

Sri Lankan President Anura Kumara Dissanayake announced plans to rebuild the country’s weakened state administrative system by launching a large-scale recruitment drive and introducing new welfare measures for public sector employees. The announcement was made during the presentation of the 2026 Budget in Parliament. President Dissanayake noted that the public service has faced long-term challenges…

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