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Rs. 6 bn allocated in 2027 Budget for 'Clean Sri Lanka'

Sri Lanka, Nov. 12 -- The government has earmarked a total allocation of Rs. 6,000 million in the 2027 Budget to roll out the comprehensive 'Clean Sri Lanka' programme, designed to drive holistic soci... Read More


2027 Budget overhauls cinema VAT: tax to be calculated on actual revenue shares

Sri Lanka, Nov. 12 -- President Anura Kumara Dissanayake has announced a structural reform in how Value Added Tax (VAT) is calculated on cinema ticket sales to establish a fairer and more equitable ta... Read More


Defense sector overhaul Rs. 250 mn Research Centre, War Hero Parent allowance hike, and major Naval & cyber modernisation in 2027 Budget

Sri Lanka, Nov. 12 -- President Anura Kumara Dissanayake has introduced a comprehensive package of strategic upgrades and welfare measures for Sri Lanka's defense sector under the 2027 Budget, present... Read More


Police officers secure Rs. 10,000 food and accommodation allowance hike in 2027 Budget

Sri Lanka, Nov. 12 -- President Anura Kumara Dissanayake has announced a monthly Rs. 10,000 increase in the food and accommodation allowance for police officers, effective July 1, 2027, under the 2027... Read More


Rs. 2,500 interim allowance for 2020-2024 retirees and final phase of pension revisions scheduled in 2027 Budget

Sri Lanka, Nov. 12 -- President Anura Kumara Dissanayake has announced a monthly interim allowance of Rs. 2,500 for public sector pensioners who retired between 2020 and 2024, effective July 1, 2027, ... Read More


3% of Sri Lanka's population remains without mobile connectivity despite 5G expansion

Sri Lanka, Nov. 11 -- While Sri Lanka is gradually moving towards embracing the 5G digital era, it is concerning that around 3% of the country's population still lacks access to mobile connectivity. ... Read More


Government revises procurement procedures to accelerate Rs. 2 trillion capital spending next year

Sri Lanka, Nov. 11 -- The Government has revised its procurement procedures for development projects in an effort to ensure the full utilisation of the Rs. 2,000 billion capital expenditure allocation... Read More


Metro Luxury Bus Service expansion to Jaffna targeted for mid-2027

Sri Lanka, Nov. 11 -- The Government initiated preliminary arrangements to extend the Metro Luxury Bus Service to the Jaffna District, with plans to commence operations by mid-2027. As part of the pr... Read More


No electricity tariff revision for fourth quarter of 2026

Sri Lanka, Nov. 11 -- Existing electricity tariffs will remain unchanged for the final quarter of 2026, despite a 2.88% increase in the cost of electricity supply, the Public Utilities Commission of S... Read More


Cabinet approves $200 million ADB financing to support Sri Lankan MSMEs

Sri Lanka, Nov. 11 -- The Cabinet of Ministers has approved the signing of financing agreements with the Asian Development Bank (ADB) to obtain $200 million for a sector development programme aimed at... Read More