President Ranil Wickremesinghe announced new plans to establish both public and private educational institutions aimed at providing Sri Lanka’s youth with globally recognised opportunities for higher education. The announcement was made at the inauguration of the “Times School of Higher Education,” launched by Wijeya Newspapers Group at the Galle Face Hotel in Colombo. The Times
United Petroleum, an Australian energy giant, has signaled its intent to expand its operations in Sri Lanka by meeting with President Ranil Wickremesinghe. The senior leadership team, including Co-Founder Avi Silver, Group CFO Nigel Simonsz, Group Procurement Head Brett Crawford, and United Petroleum Lanka Director/CEO Dr. Prabath Samarasinghe, discussed the company’s future plans in the
Sri Lanka’s President Ranil Wickremesinghe met with International Monetary Fund (IMF) Mission Chief Peter Breuer and his team on Thursday to evaluate the progress of the ongoing economic program. State Minister of Finance Shehan Semasinghe highlighted that the discussion focused on identifying areas that need additional attention to ensure the successful completion of the 3rd
Sri Lanka’s cabinet has given the green light to draft legislation for establishing a National Agency for Public-Private Partnerships (PPP), following a proposal from President Ranil Wickremesinghe, according to the state information office. The new agency will be tasked with designing and managing PPP projects, as well as coordinating with international organizations. It will focus
A ministerial sub-committee’s report on the ‘Effective RAMIS System Utilization’ has recommended using the national identity card (NIC) to identify individuals for tax collection purposes. The report, which aims to enhance the Revenue Administration Management Information System (RAMIS), was presented to President Ranil Wickremesinghe by the committee chaired by Minister of Power and Energy Kanchana
Tourism Minister Harin Fernando has identified visa-free entry as a major challenge in meeting Sri Lanka’s tourism goals. He noted that neighboring countries offering visa-free access to travelers present significant competition. “All our regional competitors are providing free visas for visitors, which makes it challenging to meet our target numbers,” Fernando said. Despite these challenges,
China has pledged to donate 1,000 smart boards to Sri Lankan schools, advancing the country’s digital education efforts. This announcement follows an Indian grant project that recently provided digital equipment for 200 smart classrooms and 2,200 smart tablets in the Southern Province, according to Education Minister Susil Premajayantha. The Sri Lankan government, led by President
President Ranil Wickremesinghe has announced that a new bill will be introduced to address business bankruptcies, as it is not feasible to indefinitely maintain the temporarily suspended Parate law. The bill will include provisions for restructuring loans for Micro, Small, and Medium Enterprises (MSMEs) and establish a new institution, “Enterprise Sri Lanka,” to support these
Sri Lanka’s cabinet has approved a law to establish village communities for descendants of former plantation workers, providing land and housing. President Ranil Wickremesinghe’s proposal includes creating villages from estate houses and line rooms in plantation areas. Minister of Water Supply and Estate Infrastructure Development, Jeevan Thondaman, announced that approximately 176,000 families will receive 10