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CBSL urges Govt. to stay on fiscal consolidation path

Daily FT

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March 18, 2026

THE Central Bank of Sri Lanka (CBSL) yesterday urged the Government to continue its fiscal consolidation agenda, warning that rising global risks could affect macrofinancial stability.

Releasing its Financial Sector Performance 2025 report, the Central Bank said geopolitical tensions, commodity price volatility, and adverse weather conditions pose risks to the

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Banks branches open from 9 a.m. to 1 p.m.on Wednesdays

THE Central Bank of Sri Lanka and the banking sector will stay open on Wednesdays with bank branches open from 9 a.m. to 1 p.m.

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1 min

March 18, 2026

Daily FT

Cabinet awards Rs. 2.27 b contract to Hayleys Fentons, India's JSL for 220kV transmission line

THE Cabinet of Ministers on Monday approved the award of over Rs. 2.2 billion (Rs. 2,269.18 million) contract (excluding VAT), for the construction of a 28 km long, 220kV double-circuit transmission line from the Mannar Grid Substation to the Mullikulam Collection Grid Substation under Lot B of the Mullikulam Wind Power Transmission Project.

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1 min

March 18, 2026

Daily FT

Sajith says NPP Govt. has no 'Scenario Planning' 'to manage crisis

OPPOSITION Leader Sajith Premadasa yesterday told Parliament that the President Anura Kumara Dissanayake-led NPP Government has no \"scenario planning\" to deal with the crisis influenced by the war in the Middle East.

time to read

3 mins

March 18, 2026

Daily FT

Cabinet clears plans to secure $ 620 m ADB financing

THE Cabinet of Ministers on Monday approved plans to secure $ 620 million in financing from the Asian Development Bank (ADB) under five key sub-programs to accelerate the country's reform agenda and support economic recovery.

time to read

1 min

March 18, 2026

Daily FT

Daily FT

CEO of the Year 2025 Honours Sri Lanka's Outstanding Corporate Leaders

The CEO of the Year 2025 Awards Ceremony was successfully held on, 26 February 2026, at the prestigious Cinnamon Grand Colombo, bringing together an exceptional gathering of national leaders, policymakers, diplomats, and eminent corporate figures.

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2 mins

March 18, 2026

Daily FT

Economy maintains momentum with 5% GDP growth in 2025

4Q GDP growth at 4.8%, down from 5.4% in 3Q 2025 Agriculture, Industry and Services, expand by 1.4%, 7.8% and 3.3% respectively Taxes less subsidies on products contributed 11.6% to GDP in 2025

time to read

3 mins

March 18, 2026

Daily FT

Daily FT

CWIT reaches 1m TEUs in first year

Fastest Colombo Port terminal to a million containers handled

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3 mins

March 18, 2026

Daily FT

QR Fuel Pass glitches largely resolved, over 5 m users on system: Deputy Minister

Deputy Minister says most QR system issues fixed in under three days; platform now stable. Developed at no cost by MIT and Dialog; integration challenges with legacy Govt. systems highlighted. Over 5.09 m users and 5.10 m vehicles registered; nearly 440,000 new vehicles since 2023. New complaint channels to be introduced as 1919 hotline overwhelmed

time to read

1 mins

March 18, 2026

Daily FT

Daily FT

Ceylinco Life's 2024 Annual Report wins prestigious double honours

CEYLINCO Life has secured two prestigious accolades for its 2024 Annual Report, reaffirming the Company's leadership in transparent, accountable and sustainability-driven corporate reporting.

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2 mins

March 18, 2026

Daily FT

Daily FT

Cabinet approves emergency coal tender, flexible energy procurement

IN a decisive move to safeguard national energy security, the Cabinet of Ministers on Monday approved an emergency coal procurement of 300,000 tons for the Lakvijaya Power Plant and authorised a temporary deviation from standard procurement procedures to secure fuel supplies over the next three months.

time to read

2 mins

March 18, 2026

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