News
Sri Lanka to Launch Direct PayPal Payment Access from May 15
Sri Lanka is set to take a major leap in its digital economy with the launch of direct PayPal payment receiving facilities from May 15, marking a long-awaited breakthrough for local freelancers, entrepreneurs and online service providers.
The government announced that all arrangements have been finalized to enable direct receipt of funds through PayPal, one of the world’s leading online payment platforms, following years of appeals from the country’s business and technology sectors.
The initiative became possible after months of discussions involving the Ministry of Digital Economy, the Central Bank of Sri Lanka and the private banking sector to remove legal and technical barriers that had previously blocked direct PayPal transfers into the country.
With the new system in place, local users will no longer be forced to depend on unofficial money transfer methods or overseas addresses to receive payments from international clients.
The government stated that the move is expected to provide significant support to small and medium-scale online businesses by allowing payments to be deposited directly into local bank accounts, while also strengthening official foreign exchange inflows to the country.
Authorities further noted that the entire process will operate under the supervision of the Central Bank, ensuring transparency in transactions and improving the collection of tax revenue linked to online earnings.
Economic analysts believe the introduction of the service will become a major milestone in the expansion of Sri Lanka’s digital commerce sector and create new opportunities for the country’s growing freelance and IT workforce.
Sri Lanka and Vietnam aim for $ 1B trade by 2030, direct flights to begin this year
President Anura Kumara Dissanayake announced that Vietnam Airlines will commence direct flights between Sri Lanka and Vietnam within this year.
Speaking at a joint media event held with visiting President of Vietnam, Tô Lâm, he further stated that bilateral trade between the two countries is expected to reach USD 1 billion by 2030.
President Tô Lâm, in his remarks, noted that Vietnam seeks to further strengthen relations with Sri Lanka across all sectors, reaffirming the commitment to expanding bilateral cooperation.
(Adaderana.lk)
Govt. to introduce major higher education reforms aligned with school education changes - PM
Prime Minister Dr. Harini Amarasuriya stated that the Government has planned to introduce relevant changes in the higher education sector in alignment with the new reforms being implemented in the primary and secondary education sectors.
The Prime Minister made these remarks in parliament while responding to questions raised by Member of Parliament Manjula Sugath Rathnayaka, according to the Prime Minister’s Media Division.
The Prime Minister further stated:
“A special expert committee appointed for this purpose has been in operation over the past six months, and based on the report of this panel, existing issues in the higher education sector will be identified and the necessary reforms will be implemented.
“A total number of 281,810 students sat for the 2025 G.C.E. Advanced Level Examination, of whom 176,538 qualified for university admission. Following the subject streams, the number of qualified students is as follows: 32,935 in Biological Sciences, 23,012 in Physical Sciences, 39,608 in Commerce, 58,269 in Arts, 4,199 in the General Stream, 12,472 in Engineering Technology, and 6,043 in Bio-Systems Technology and 42,937 students are expected to be admitted to universities.
“While ensuring the quality of education, the Government gives priority to improving facilities for university students. It has also been decided to maintain the intake for first-degree admissions at the same level as in previous years.
“A new course in Geographic Information Systems has been introduced at the University of Ruhuna, and a course in Electronic and Intelligent Systems Engineering has been introduced at the University of Peradeniya from the academic year 2025/2026. Fifty students will be enrolled for each of these new programmes. Steps have already been completed to release the cut-off marks and forward the registration lists to the respective universities.
“Responding to a question raised by the Member of Parliament K. Kader Mastan regarding preschool education, the Prime Minister stated:
“As most preschools in the country are managed by the private sector, the Ministry currently has no provision to offer permanent appointments or salaries to their staff. However, steps are already being taken to provide a certain allowance to volunteer teachers in selected preschools under Provincial Councils.
“By 2027, the entire preschool education system is expected to undergo comprehensive reform, with necessary measures being jointly undertaken by the Ministry of Education and the Ministry of Women and Child Affairs.
“In addition, based on the recommendations of the National Education Commission, a national policy to regulate preschool education is scheduled to be established in 2026. Under this policy, teacher guidelines and model activity manuals are being prepared, along with plans to conduct teacher training programmes at the provincial level.
“Commenting on volunteer teachers, the Prime Minister emphasized that, in accordance with the Cabinet decision dated 04.01.2007, the policy of not recruiting any volunteer teachers beyond the approved 4,700 teacher aides will continue to be implemented.”
(Adaderana.lk)
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