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Damage from Cyclone Ditwah estimated at US$ 4.1 Bn – World Bank - DailyNews

Cyclone Ditwah has caused an estimated US$ 4.1 billion in direct physical damage to buildings and contents, agriculture and critical infrastructure, according to a World Bank Group Global Rapid Post-Disaster Damage Estimation (GRADE) report released yesterday (22). This damage is equivalent to about 4 percent of Sri…

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ADB approves USD 3 Mn grant to address water shortages - DailyNews

The Asian Development Bank (ADB) has approved a $3 million grant to help address water shortages in Sri Lanka’s Northwestern and Uva provinces by constructing modern pipe distribution network (PDN) systems. The project will provide irrigation to 877 hectares (ha) of farmland, supporting improvements in the country’s…

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Sampath Bank partners Toyota Lanka to make vehicle ownership more rewarding - DailyNews

Sampath Bank PLC announced the signing of a Memorandum of Understanding (MoU) with Toyota Lanka (Private) Limited recently at the Toyota Lanka Head Office, marking a strategic collaboration aimed at providing enhanced financial and value-added benefits to customers purchasing Toyota vehicles across Sri Lanka.

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IMF approves USD 206 Mn in emergency financial support for Sri Lanka - DailyNews

The Executive Board of the International Monetary Fund (IMF) approved a disbursement of SDR150.5 million (about US$206 million, equivalent to 26 percent of quota) for Sri Lanka under the Rapid Financing Instrument (RFI). This emergency support will help address urgent balance-of-payments and fiscal pressures arising…

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Construction services business delegation builds up trade ties in Mumbai - DailyNews

Marking the first-ever focused initiative to promote Sri Lanka’s construction services in the Indian market, a sector-specific business delegation visited Mumbai from November 25 – 28, 2025. This initiative was organized by Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Consulate Genera…

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Ice worth over Rs. 90 Mn seized in Karandeniya raid - DailyNews

The Elpitiya Divisional Anti-Corruption Unit seized a stock of ‘Ice’ (crystal methamphetamine) valued at over Rs.90 million yesterday (21) morning, which was hidden in a house in the Third Mile Post area of Karandeniya. The Elpitiya Anti-Corruption Unit stated that initial Police investigations have revealed the dru…

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World Bank  approves USD 50 Mn  to support Lanka’s digital transformation - DailyNews

The World Bank Board of Executive Directors has approved a $50 million project to support Sri Lanka’s digital transformation. The project will promote innovation and investment in Sri Lanka’s digital sector, modernize government services, and make them easier to access and more responsive to the needs of people and …

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ACL FireGuard sets industry benchmark with Purple Standard - DailyNews

For over two decades, safety has been more than a requirement for ACL Cables PLC – it has been a responsibility. Long before fire safety standards were mandated or formally regulated, ACL introduced FireGuard cables to the Sri Lankan market, setting a benchmark for flame-retardant performance at a time when such mea…

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