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AKD says IMF not external partner but integral element of SL's economic progress

Daily FT

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October 08, 2025

Meets IMF delegation in 5th mid-point review; 6th tranche under EFF program due in Dec.

PRESIDENT Anura Kumara Disanayake yesterday said that the International Monetary Fund (IMF) remains a vital partner in Sri Lanka's accelerated journey from crisis to recovery, and that the Government regards its support not merely as external assistance, but as an integral element of its comprehensive strategy for sustainable economic progress.

This is according to statement issued by the President's Media Division yesterday.

Speaking at the fifth mid-point review meeting yesterday at the Presidential Secretariat with an IMF delegation, the President said that the Government's reform agenda focused on long-term stability, inclusive growth, and investor confidence.

The sixth tranche of the IMF Extended Fund Facility is scheduled for release in December.

MEER VERHALEN VAN Daily FT

Daily FT

Zohran Mamdani sworn in as New York City Mayor, creating history

Mamdani, the US city’s first Muslim Mayor, is also youngest person to be inaugurated in generations

time to read

2 mins

January 02, 2026

Daily FT

Daily FT

Ferentino Tyres redefines OEM tyre market in Sri Lanka with 75% value share

FERENTINO Tyres has emerged as the undisputed leader in Sri Lanka's Original Equipment Manufacturer (OEM) tyre market, commanding an extraordinary 75% value share, the company stated.

time to read

1 min

January 02, 2026

Daily FT

Daily FT

First international jewellery fair for 2026 FACETS Sri Lanka opens tomorrow

SRI Lanka is set to welcome the global gem and jewellery fraternity tomorrow as FACETS Sri Lanka 2026, the country's flagship gem and jewellery exhibition, opens its doors at The Forum, Cinnamon Life at City of Dreams, Colombo.

time to read

1 mins

January 02, 2026

Daily FT

Daily FT

Dollar posts worst annual fall in eight years, more weakness seen in 2026

THE dollar ended 2025 with the sharpest annual retreat in eight years and investors say more declines are coming if the next Federal Reserve Chief opts for deeper interest rate cuts as anticifor deeper interest rate cu pated.

time to read

2 mins

January 02, 2026

Daily FT

PABC begins New Year defined by people, purpose, and courage to move

PAN Asia Bank yesterday marked the New Year with a moment of reflection, not on numbers alone, but on the deeper forces that shape progress over time.

time to read

1 mins

January 02, 2026

Daily FT

CEB seeks to recover Rs. 13 b from 11.7% tariff hike in 1Q

4,453 GWh net generation forecast for 1Q based on IMF GDP growth forecast of 3.1% and applied demand growth rate of 3.72% Ditwah damage to transmission towers, distribution lines and access roads adds to emergency repair and maintenance costs estimated at Rs. 20 b Rs. 5.8 b unrecovered revenue from delayed past tariff revisions and restoration of curtailed Return on Assets tighten cost recovery ahead of review by PUCSL

time to read

3 mins

January 02, 2026

Daily FT

Heshan Peiris joins Ceylinco Holdings’ Board

CEYLINCO Holdings PLC has appointed Heshan Peiris to its Board as an Independent NonExecutive Director.

time to read

1 min

January 02, 2026

Daily FT

Daily FT

SLIC Life and SLIC General inaugurate business operations for 2026

SRI Lanka Insurance Corp. General inaugurates business operations for 2026

time to read

4 mins

January 02, 2026

Daily FT

SPAR Group, South Africa, pledges Rs. 35 m to 'Rebuilding Sri Lanka' Fund

SPAR Group, South Africa has pledged Rs. 35 million to the Rebuilding Sri Lanka Fund, reinforcing its support for nationwide recovery efforts following Cyclone Ditwah.

time to read

1 min

January 02, 2026

Daily FT

Ceylon Cold Stores wins top honour at Sri Lanka National Quality Awards 2023

CEYLON Cold Stores PLC (CCS) has achieved a major national milestone by being named the Winner Award recipient at the Sri Lanka National Quality Awards 2023, under the Large, Manufacturing Category.

time to read

2 mins

January 02, 2026

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