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Mammoth task to rebuild a nation: How Sri Lanka can rise from the debris

Daily FT

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December 08, 2025

THE waters are receding and leaving behind the utter destruction that has been caused across most of Sri Lanka.

- by Aubrey Joachim

Altered landscapes, lives shattered, a nation in shock and its infrastructure in ruin.It is thought that cyclone Ditwah and its fury has caused ten times the damage inflicted by the 2004 Indian Ocean Tsunami. Initial estimates by the Disaster Management Centre (DMC) indicates a reconstruction bill of between six to seven billon USD which is approximately 3 to 5% of GDP. A significant statistic by any measure. In addition, the impact of the loss of productivity and the cost of imports of essential food items resulting from the loss of agricultural crops, meat, poultry etc. must also be taken into account.

Blame game

While the above aspects as well as the intangible impact on the psyche of the nation is hurting, it has not prevented political bastardry to cease the opportunity of placing blame on the Government and its leadership for the event and immediate aftermath. At a time when one would have expected the whole nation-down to every man woman and child-to come together to lift the country out of its predicament, Opposition politicians who themselves failed miserably in the past in similar circumstances, pilfered billions of dollars from the country’s coffers and even monetised past disasters to their own benefit, are now seeking to divide the nation. While such accusations are fundamentally flawed. their ‘illusionary’ suggestions in respect of how the disaster should have been managed would have placed Sri Lanka far ahead of any nation on earth that faced a similar calamity even in the most developed world. Those making such claims should be ashamed of themselves, demonstrating their utter incompetence in any leadership role.

WEITERE GESCHICHTEN VON Daily FT

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Hela Apparel outlines Rs. 15.1 b debt restructuring terms

HELA Apparel Holdings PLC yesterday said it has reached agreements in principle with all lending banks on a debt restructuring proposal covering Rs. 15.1 billion in existing borrowings, while discussions continue with prospective strategic investors regarding a potential investment ranging from Rs. 3 billion to Rs. 4.4 billion.

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What it means to live with memory loss and dementia

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Cargills Bank announces Rs. 2.5 b rights issue

CARGILLS Bank PLC has proposed a Rs. 2.5 billion rights issue to boost its capital position and support lending expansion.

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Work in Sri Lanka to unite global talent and local industry leaders

To host networking summit on 17 December

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Daily FT

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Hemas listed in Forbes' Top 200 Under A Billion in Asia for 2025

HEMAS Holdings PLC has been recognised among Forbes Asia’s 200 Best Under A Billion companies for 2025, ranking as one of the region’s top performing organisations.

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Daily FT

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Sampath Bank powers PickMe with cutting-edge payment tech

SAMPATH Bank PLC has partnered with Digital Mobility Solutions Lanka PLC, the legal entity behind PickMe, Sri Lanka’s leading technology platform facilitating mobility, delivery and experiences, to successfully integrate Visa's CyberSource internet Payment Gateway.

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1 min

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Daily FT

MIT and Microsoft to support data collection on damages caused by Cyclone Ditwah

Nations worldwide provide financial and material support to 'Rebuilding Sri Lanka'

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1 min

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Daily FT

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Plantations veteran Sunil Poholiyadda joins Colombo Fort Land Board

THE Colombo Fort Land and Building PLC has appointed Sunil Poholiyadde to its Board as a Non-Executive Director.

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ComBank named Sri Lanka's Best Trade Finance Bank at Euromoney Awards 2025

Honoured for outstanding support to Sri Lanka's trade sector

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