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New circular issued to support disaster-affected Micro, Small and Self-Employed Businesses
A new circular has been issued by the Ministry of Finance, Planning and Economic Development to provide relief to micro, small and self-employed businesses affected by the emergency situation caused by Cyclone Ditwah. The circular has been issued in line with Circular No. 08/2025, which was introduced to restore disrupted livelihoods following the disaster.
The Government programme to empower communities affected by the disaster was introduced through Budget Circular No. 08/2025 dated December 5, 2025. Expanding this relief framework further and ensuring more effective and efficient delivery of assistance, additional circulars No. 08/2025(i) dated December 20, 2025 and No. 08/2025(iii) dated January 22, 2026 have been issued.
The social empowerment programme under the newly issued circular is structured as follows.
Assistance for affected individual, small and micro businesses
A one-time grant to restore businesses damaged by the disaster to a condition suitable for reopening.
LKR 200,000 for individual, small and micro-businesses registered with the Ministry of Industry.
LKR 200,000 for individual, small and micro-businesses registered with the Divisional Secretariat as a business entity.
LKR 50,000 for unregistered home-based businesses operated from a permanent structure.
LKR 50,000 per unit for unregistered production industries, including greenhouses.
LKR 25,000 for temporary business setups, including mobile and street hawking.
A grant will be provided to owners of the commercial buildings affected by the disaster to restore their business premises to operational condition.
A grant of Rs. 500,000/- will be provided to each business building owner who voluntarily opts to receive assistance without a damage assessment.
A grant of up to Rs. 5,000,000/- will be provided to each business building owner who opts to receive assistance after a damage assessment, based on the assessed value of the building.
In addition to the above grants, the following loan facilities have also been provided.
In addition to these grants, the Treasury has introduced a new credit scheme to provide loans for business owners whose enterprises were affected by the disaster, enabling them to restart their operations and meet essential requirements.
Accordingly:
Facilities have been provided for affected businesses to obtain loans ranging from Rs. 250,000 to Rs. 25,000,000 through the banking system at an interest rate of 3%, with a 6-month grace period and repayment over 3 years to restart their operations.
As part of the investment loans for business reconstruction, entrepreneurs whose businesses were damaged can access bank loans of up to Rs. 25 million at an interest rate of 5%, with a 12-month grace period and repayment over 10 years.
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Navy seizes a consignment of narcotics and apprehends 06 suspects in offshore operation
Answering to the call of the national mission ‘A Nation United,’ the Navy has tightened its grip on the island’s maritime boundaries.
Striking deep in the southern waters, a successful naval mission
resulted in the seizure of a local fishing trawler and six (06) suspects, foiling a major drug smuggling attempt.
The intercepted trawler, carrying 02 suspicious sacks, and suspects were escorted to the Dikowita Fisheries Harbour today (08 Mar 26).
A specialised inspection conducted by the Police Narcotic
Bureau (PNB) confirmed that the sacks contained more than 102kg of heroin and over 900g of cocaine.
The detection was inspected on-site by the Deputy Minister of Defence, Major General Aruna Jayasekara (Retd), alongside the Commander of the Navy, Vice Admiral Kanchana Banagoda.
Speaking on this occasion, the Deputy Minister emphasized that under the guidance of the President and the supervision of the Ministry of Defence, the Tri-Forces, Police, and intelligence
agencies have intensified the “A Nation United” national mission, leaving no stone unturned.
He noted that during 2025, the tri-forces and police, in coordination with domestic and international agencies, conducted numerous successful operations. Notably, the Navy seized over 75 billion rupees worth of narcotics.
Despite national disasters and the escalating global conflicts
and growing reports of vessel distress in Sri Lankan waters, the Sri Lanka Navy stands vigilant around the clock, tirelessly fulfilling its critical mission in alignment with international maritime conventions.
Accordingly, the Deputy Minister commended, on behalf of the President, the Navy’s vital role in ensuring public safety and protecting the youth from drugs.
Adding further, he declared drug trafficking has become a major menace, stressing that all of society, not just authorities, must help eradicate it. He urged traffickers and dealers to quit the trade, noting that drugs cannot enter the country by sea or air. Addicts were also urged to do away with the habit, as a huge amount of money is spent on their rehabilitation.
The Deputy Minister further stated that the toxic drugs seized will remain in highly secure custody until the conclusion of legal proceedings, and arrangements have been made to destroy a large quantity of toxic drugs and case exhibits for which legal proceedings have been completed.
He also emphasized that law enforcement agencies have been granted the opportunity to operate independently. Accordingly, the public was urged to provide information regarding drug
traffickers via the hotline numbers 1818 and 1997.
Additionally, the event acknowledged the responsible journalism carried out by media institutions and journalists in raising public awareness about the drug menace.
The multi-day fishing trawler, along with the haul of narcotics and 06 suspects was handed over to the Police Narcotic Bureau for further investigation and legal proceedings.

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UK to charter flight for British nationals out of Dubai
The UK government will charter a flight from Dubai early next week for British nationals wanting to leave the region.
It comes as the United Arab Emirates (UAE) continues to be affected by the conflict.
On Saturday, a resident was killed by falling shrapnel from a “aerial interception” officials said, and a drone strike was also caught on camera near the city’s international airport.
Iran’s President Masoud Pezeshkian said earlier that Iran would not attack neighbours “unless attacked first”.
Qatar also reported missile and drone attacks on Saturday.
The government’s commercial flight will be available for a charge. British nationals, their spouse or partner and children under the age of 18 are eligible to register.
Two government-chartered flights so far have returned British citizens from Muscat, Oman.
The first landed at Stansted airport on Friday, the second at Gatwick airport on Saturday. A third flight will leave Muscat on Sunday.
The Foreign Office said the Dubai flight will be in addition to commercial routes operating out of the UAE and will leave early next week.
The government says all passengers must hold a valid travel document and non-British dependants will require a valid visa or permission to enter or remain that was granted for more than six months.
The Foreign Office will contact people directly to issue them a ticket and will prioritise those who are vulnerable, such as those with urgent medical needs.
More than 160,000 people have registered their presence in the region with the Foreign Office.
Air travel via Dubai, one of the world’s busiest airports, has been severely disrupted since Iran began launching retaliatory strikes at Gulf nations in response to the US and Israel’s offensive.
Last week, Emirates briefly suspended all flights from Dubai, which is a popular tourist destination for UK nationals.
On Saturday, footage verified by the BBC showed what appeared to be a drone striking within the perimeter of Dubai International Airport.
The footage, filmed from an industrial area just south of the airport, captured an explosion close to a terminal building.
The UAE government has not commented on the incident.
Throughout the week, British people who have been stranded in the region have told the BBC about their experiences.
On 28 February, Victoria Cameron, from Larkhall in Scotland, was queuing to get into her Dubai hotel when the first Iranian missiles struck the city.
“Then the staff said ‘run, run, leave your suitcases’. They rushed us all to the side of the hotel.
“Our phones were going off, saying ’emergency, emergency’. We were crying, we were shaking.”
Cameron arrived back in Edinburgh on Wednesday on an Emirates airline flight.
Stuart Carson was staying at Fairmont The Palm Hotel in Dubai on Saturday when it was struck, causing his “whole room to completely shake”.
“Once dawn broke, we started to feel a bit more comfortable with the situation and just gathered our thoughts and had breakfast in the hotel,” he said.
He arrived back home in Northern Ireland on Tuesday, after a number of earlier flights he had booked were cancelled by airlines.
[BBC]
Latest News
Rapper-politician Balendra Shah unseats Nepal’s ex-PM as he heads for victory
Rapper Balendra Shah has defeated the former Nepalese Prime Minister Sharma KP Oli in his parliamentary constituency, as he takes a step closer to becoming Nepal’s next prime minister.
Nepal’s Election Commission confirmed on Saturday that Shah, 35, received 68,348 votes compared to Oli’s 18,734 to unseat the former leader in his constituency.
Thursday’s general election – the first since violent youth-led protests toppled the government in September – pitted the establishment against a new generation of politicians advocating for angry, young Gen Z voters hungry for change.
Shah’s Rastriya Swatantra Party (RSP) is now seemingly on course to win the general election.
The party has a majority in directly elected seats in the general election counted so far, according to partial official results on Sunday, and could be heading for a landslide, official trends suggest.
The 35-year-old is also leading in the proportional representation vote count so far, according to the election commission.
For more than two decades, Nepal has seen a revolving door of coalition governments, largely dominated by three parties, two of them communist.
Ahead of this election, it looked set to test whether Gen Z voters had succeeded in convincing the rest of the country that it is time for a new, untested generation to shape their future, or whether veteran heavyweights – who have dominated for decades – would keep hold of power.
The country’s youth included 800,000 first-time voters, making them a key voter bloc.
Shah, who is popularly known as Balen, has been a member of the Nepali hip hop scene for several years, with one of his songs “Balidan” about sacrifice in the Nepali language cultivating millions of YouTube views.
In September 2025 unrest erupted in Nepal with so-called Gen Z demonstrations, triggered by Oli’s banning of social media platforms.
The demonstrations escalated with protesters criticising Nepal’s political system and the symbolism of class inequality “nepo babies” – children of the country’s politicians.
A total of 77 were killed during the protests, and a BBC investigation revealed the country’s police chief issued an order of lethal fire against thousands of unarmed protesters.
Shah spoke in support of the protesters and at one stage called Oli a “terrorist” who had betrayed his country.
The rapper typically shuns the media, but told the Financial Times while he was on the campaign trail he would be “the candidate for all of Nepal”.
Shah’s RSP released its manifesto in February which vowed to create 1.2 million jobs and reduce forced migration, in an effort to tap into frustration over unemployment and low wages that has pushed millions of Nepalis to move overseas.
The party has also pledged that within five years it would raise Nepal’s per capital income from $1,447 to $3,000, more than double the country’s economy to $100 billion GDP and provide safety nets such as healthcare insurance for the population.
[BBC]
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