Editor, Author at Colombo News Line

IMF Chief Reviews Sri Lanka Reform Progress

Editor
February 18, 2026
News, Political
IMF, President AKD
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President Anura Kumara Dissanayake met Kristalina Georgieva during her three-day visit to Sri Lanka to review progress under the IMF’s Extended Fund Facility program and discuss access to two pending tranches. The government said IMF-backed stabilization measures enabled a stronger response to Cyclone Ditwah, which heavily impacted rural communities. Colombo is seeking to draw additional funds to offset reconstruction costs …

Sri Lanka Strategic Project Tax Incentives Reviewed

Editor
February 18, 2026
Business News
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Sri Lanka’s tax concessions for projects designated under the Strategic Development Projects Act, No. 14 of 2008 are under review amid fiscal reforms linked to the International Monetary Fund program.

International Sovereign Bonds Yields Signal Investor Confidence

Editor
February 18, 2026
News, Political
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Yields on Sri Lanka’s restructured International Sovereign Bonds have declined steadily since the 2024 debt exchange, reflecting renewed investor confidence in the country’s reform path under the International Monetary Fund program.

Government Injects Rs. 25.2billion into SriLankan Airlenes to settle bank liabilities

Editor
February 18, 2026
Aviation news
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SriLankan Airlines has received a Rs. 25.2 billion capital infusion from the Government following completion of its state bank debt restructuring in December 2025.

Sri Lanka’s manufacturing and services expand last month at slower pace

Editor
February 18, 2026
Business News
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Sri Lanka’s manufacturing and services sectors expanded in January 2026, though at a slower pace than December’s seasonal peak, according to the Central Bank of Sri Lanka.

Wage Hike, Longer Hours in Labour Shake-Up

Editor
February 17, 2026
News, Political
0 Comments

Sri Lanka’s government has unveiled sweeping labour reforms under commitments linked to the International Monetary Fund programme, aiming to modernise outdated laws and boost investment.

Access Engineering Commissions $6.9 Million Cyclotron Facility

Editor
February 17, 2026
Investment
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Access Engineering PLC yesterday commissioned a $6.9 million cyclotron-based radiopharmaceutical production facility, marking its formal entry into advanced nuclear medicine infrastructure.

Power Tariff Proposal Triggers Industry Alarm

Editor
February 17, 2026
Power and energy
CEB
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The Ceylon Electricity Board has sought a 13.56% electricity tariff increase for April to June 2026, citing a projected Rs. 15,847 million deficit. The proposal, now before the Public Utilities Commission of Sri Lanka, aims to stabilize finances and ensure supply reliability.

Sri Lanka Coal Procurement Losses Top Rs. 2.7 Billion

Editor
February 17, 2026
Power and energy
CEB, Lanka Coal (Private) Limited
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The Ceylon Electricity Board has reported estimated direct losses of Rs. 2.796 billion linked to four coal shipments supplied to the Lakvijaya Power Plant. The losses were attributed to low-grade coal that failed to meet the required calorific value of 5,900 kcal/kg, resulting in reduced efficiency and higher fuel consumption.

SIM Re-Registration Plan Raises Privacy Concerns

Editor
February 13, 2026
Business News
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The Government has approved amendments to SIM card registration regulations requiring re-registration of mobile numbers issued before 2 August 2019.