The ownership of the SAITM (South Asian Institute of Technology and Medicine) is to be broad-based with its shares to be made available for sale in the stock market, President Maithripala Sirisena said.
He said the decision has been taken as a further solution to the SAITM issue in addition to previous government decisions which have already been announced.
He said that the Inter University Students Federation too have complained about the ownership of SAITM and therefore the move will enable any person to purchases shares of the company.
He said that the government's policy was to promote non-state education. The President was addressing heads of media institutions and editors.
Health Minister Rajitha Senaratne said once a proper guidelines have been establish to administer SAITM, it would also be applicable to two other private medical colleges proposed to be set up by the Monash University in Australia and Manipal University in India.
The President pointed out that 75,000 to 85,000 Sri Lankan students go abroad annually for higher education and if there are private institutions in Sri Lanka, it would be a great relief to them as the cost would be much less.
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
Ajith Gallage, the owner of a Bird Park in Nagarawawa, Hambantota, has been remanded over allegations of concealing illegally imported motorcycles, in a warehouse owned by him.
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