Intentar ORO - Gratis
ADB approves $ 100 m support to strengthen power sector reforms
Daily FT
|December 06, 2025
THE Asian Development Bank (ADB) has approved a $ 100 million policy-based loan to further support Sri Lanka in strengthening its power sector.
This financing builds on earlier initiatives to establish a more stable and financially sustainable power sector. This second subprogram of ADB's Power Sector Reforms and Financial Sustainability Program will accelerate the unbundling of the Ceylon Electricity Board (CEB) into independent successor companies for generation, transmission, system operation, and distribution, as mandated by the Electricity Act of 2024 and its 2025 amendment. The phased approach ensures a structured transition, ensuring progress in reform actions and prioritising financial sustainability.
ADB Sri Lanka Country Director Takafumi Kadono said: "Sri Lanka has made important progress in stabilising its economy and strengthening its fiscal position.
Esta historia es de la edición December 06, 2025 de Daily FT.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Daily FT
Daily FT
Nation branding ‘earned, not advertised’: Mudadeniya
SRI Lanka Tourism Advisory Committee Chairman Dileep Mudadeniya stressed that nation branding and destination marketing are fundamentally different, whilst urging the policymakers and industry stakeholders to clearly understand this distinction when shaping Sri Lanka’s long-term tourism strategy.
2 mins
December 11, 2025
Daily FT
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.
1 mins
December 11, 2025
Daily FT
What it means to live with memory loss and dementia
IT is one of the most heartbreaking moments a child can face when a parent looks at them with confusion instead of recognition.
2 mins
December 11, 2025
Daily FT
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.
1 min
December 11, 2025
Daily FT
Work in Sri Lanka to unite global talent and local industry leaders
To host networking summit on 17 December
2 mins
December 11, 2025
Daily FT
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.
1 min
December 11, 2025
Daily FT
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.
1 min
December 11, 2025
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'
1 min
December 11, 2025
Daily FT
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.
1 min
December 11, 2025
Daily FT
ComBank named Sri Lanka's Best Trade Finance Bank at Euromoney Awards 2025
Honoured for outstanding support to Sri Lanka's trade sector
1 mins
December 11, 2025
Listen
Translate
Change font size