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Damage from Cyclone Ditwah in Sri Lanka estimated at $ 4.1 b

Daily FT

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December 23, 2025

CYCLONE Ditwah has inflicted an estimated $ 4.1 billion (approximately Rs. 1.3 trillion) in direct physical damage to buildings, agriculture, and critical infrastructure across Sri Lanka, equivalent to around 4% of GDP, according to the highly anticipated Global Rapid Post-Disaster Damage Estimation (GRADE) report released yesterday by the World Bank Group.

Damage from Cyclone Ditwah in Sri Lanka estimated at $ 4.1 b

The cyclone, among the most intense and destructive in Sri Lanka's recent history, severely affected close to 2 million people and 500,000 families across all 25 districts, disrupting livelihoods, essential services, and the broader economy.

According to the World Bank, the estimate covers direct physical damage only. It does not include income losses, business interruption, or the full costs of recovery and reconstruction, including potential "build back better" investments. Total recovery needs are therefore expected to be significantly higher.

The Sri Lanka GRADE report provides timely and critical insights to guide the emergency response, recovery planning, and longer-term disaster risk reduction efforts. The assessment uses the World Bank's rapid, remote, model-based GRADE methodology, which estimates direct economic damage to physical assets. The report does not include losses related to income or production, nor the full costs of recovery and reconstruction.

The estimated $ 4.1 billion in direct damages represents a significant shock to affected regions. The Central Province was the hardest hit, with damages in the Kandy District estimated at $ 689 million, primarily caused by flooding and, to a lesser extent, by landslides.

Infrastructure, including roads, bridges, railways, and water supply networks, accounts for the largest share of damage, at an estimated $ 1.735 billion (42% of total damages), disrupting connectivity and access to markets and services.

MEER VERHALEN VAN Daily FT

Daily FT

Daily FT

Marikkar tears into Rs. 500 b Supplementary Estimate

SAMAGI Jana Balawegaya (SJB) MP S.M. Marikkar yesterday tore into the Government's Rs. 500 billion Supplementary Estimate for post-Ditwah recovery in 2026.

time to read

1 min

December 19, 2025

Daily FT

SSC certainly mean business

SSC certainly means business the way they have launched their campaign to win the Tier B 3-day league and gain promotion next year to the Major Clubs 3-day league.

time to read

1 mins

December 19, 2025

Daily FT

Daily FT

HNB General Insurance wins Gold award in Insurance Sector at National Management Excellence Awards 2025

HNB General Insurance has been crowned the Gold Winner in the Insurance Sector at the National Management Excellence Awards (NMEA) 2025, organised by the Institute of Management of Sri Lanka (IMSL).

time to read

2 mins

December 19, 2025

Daily FT

Sampath Bank announces two-year Rs. 20 b capital raising program

SAMPATH Bank PLC has moved to strengthen its Basel III Tier Il regulatory capital through a proposed Rs. 20 billion listed debenture program, to be implemented in phases over the next two years.

time to read

1 min

December 19, 2025

Daily FT

Daily FT

Evolution Auto launches Riddara RD6 Active

Auto has officially announced the launch of the Riddara RD6 Active, the country's latest all-electric double-cab pickup, which was unveiled at the prestigious BMICH Motor Show.

time to read

2 mins

December 19, 2025

Daily FT

Daily FT

Tourism levy revenue rises as Govt. pushes unified nation brand and community-centred growth

Tourism Minister Vijitha Herath SRI Lanka's tourism sector is being steered towards a more integrated, communityfocused, and strategically branded future, with revenues from the Tourism Development Levy (TDL) continuing to rise and a renewed policy emphasis on positioning the country under a single national brand, Foreign Affairs, Foreign Employment and Tourism Minister Vijitha Herath told Parliament.

time to read

3 mins

December 19, 2025

Daily FT

Daily FT

Colombo Shopping Festival 40th edition officially inaugurated

THE 40th edition of Colombo Shopping Festival was has inaugurated by, Aitken Spence Travels Managing Director Nalin Jayasundera with the participation of event partners and exhibitors.

time to read

1 min

December 19, 2025

Daily FT

Daily FT

HNB strengthens national response to Cyclone Ditwah with Rs. 100 m commitment

HNB PLC has contributed Rs. 100 million towards the Rebuilding Sri Lanka Fund, reinforcing its commitment to national recovery efforts following the devastation caused by Cyclone Ditwah.

time to read

1 min

December 19, 2025

Daily FT

Daily FT

Economist warns IMF RFI too costly for Sri Lanka

Verité Research Chief warns Sri Lanka poised to repeat past mistakes amid cyclone recovery funding push Argues IMF RFI financing effective rate exceeds 6% and time-based surcharges add further 2.75% after three years IMF Executive Board decides on $ 200 m RFI today

time to read

3 mins

December 19, 2025

Daily FT

Daily FT

Appeals Court clears Home LandsPentara project to proceed

Court refuses injunctions with costs, Home Lands continues with Rs. 30-35 b Pentara Residences construction Notes that Home Lands had obtained all necessary approvals from relevant authorities, and engaged in the construction process for several months Project is largest residential development investment, and Rs. 4.5 b land transaction highest in history of Colombo

time to read

3 mins

December 19, 2025

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