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The Sri Lankan Report

Sri Lanka Malwathu Oya hydro project cost inflate 106-pct over 6 years

ECONOMYNEXT – Sri Lanka’s cabinet has approved the resumption of Lower Malwathu Oya multipurpose hydro power project, which was halted following the Coronavirus epidemic and a currency crisis which ended in default triggered by aggressive rate cuts to boost growth. The cabinet had given approval in July 19, 2019 for the Lower Malwathu Oya project with an estimated cost of 22.9 billion rupees. The revised cost of the project submitted to cabinet in December 2025 was 47.18 billion rupees. The revised price indicates a rise in rupee of 106.02 percent between 2019 and 2025. Between July 2029 and December 2028,…

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Japan to grant US$2.5m to 3 international agencies for Sri Lanka relief

The Government of Japan has decided to extend an emergency grant of US$2.5 million to Sri Lanka to support humanitarian relief efforts following widespread destruction caused by Cyclone Ditwah, Japanese authorities said Tuesday. The emergency assistance will be implemented through the International Organization for Migration (IOM), the World Food Programme (WFP) and the United Nations Children’s Fund (UNICEF), focusing on urgent needs including food, shelter and essential non-food items. Under the assistance package, Japan will provide US$1 million to IOM for non-food items and emergency shelter support, US$1 million to WFP for food assistance, and US$500,000 to UNICEF for water,…

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Technical issue forces Turkish Airlines flight to turn back to Colombo

Turkish Airlines flight TK 733 from Colombo to Istanbul landed safely at Bandaranaike International Airport at 12:28 a.m. following the reported technical issue. Airport authorities confirm all passengers and crew are safe. Airport officials say there is no disruption to other flights at Bandaranaike International Airport, despite the emergency situation involving the Turkish Airlines aircraft. A Turkish Airlines passenger flight bound for Istanbul reported a landing gear malfunction shortly after departing Bandaranaike International Airport (BIA) on Tuesday night, prompting emergency procedures, airport officials said. The aircraft, an Airbus A330 operating a scheduled service to Istanbul, is currently circling in the…

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7 Sri Lankan players set to feature in IPL 2026

Seven Sri Lankan cricketers will feature in the Indian Premier League (IPL) 2026 season, with three players securing contracts at Tuesday’s mini-auction, while the remaining four were retained by their respective franchises. Pathum Nissanka and Wanindu Hasaranga were picked up at the auction, with Nissanka joining Delhi Capitals and Hasaranga signed by Lucknow Super Giants. Matheesha Pathirana was also picked at the auction, with Kolkata Knight Riders securing the Sri Lanka fast bowler. The other four Sri Lankan players will return to the IPL after being retained by their teams. Delhi Capitals retained Dushmantha Chameera, while Royal Challengers Bengaluru retained…

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Media stations warned over false and misleading reports

Cabinet spokesman and Minister of Mass Media Nalinda Jayathissa on Tuesday warned media institutions against spreading unverified information, as the government rejected claims that it failed to act on early warnings about severe weather linked to Cyclone Ditwah. Speaking at a media briefing following Cabinet decisions taken on Dec. 15, Jayathissa defended the credibility of official information released to the public and dismissed opposition calls for a parliamentary selection committee to examine the issue. “They are free to go to court if necessary. Then we can show how certain media institutions edited and distorted these clips,” he said. Jayathissa said…

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Official: New Sri Lanka Cricket Selection Committee Appointed

Former Sri Lanka cricketer Pramodya Wickremasinghe has been appointed Chairman of the National Cricket Selection Committee, the Ministry of Youth Affairs and Sports said on Tuesday. The appointment was announced in an official press release issued by the ministry, which confirmed that a new five-member national selection committee has been constituted. According to the ministry, the other members appointed to the committee are Indika de Saram, Tharanga Paranavithana, Vinothan John and Rasanjali de Alwis. The appointments have been made in terms of Section 39-1 of the Sports Law No. 25 of 1973 and the Extraordinary Gazette Notification No. 2437/24 dated…

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Pathum Nissanka picked by Delhi in IPL auction

Sri Lanka opener Pathum Nissanka was signed by Delhi for INR 4 crore at the IPL auction, adding to a strong showing by Sri Lankan players, with Wanindu Hasaranga and Matheesha Pathirana also securing deals. Nissanka, who has been a regular at the top of Sri Lanka’s batting order, attracted interest following a run of consistent performances at international level. Delhi moved in to bolster their batting options as they fine-tune their squad ahead of the upcoming Indian Premier League season. All-rounder Wanindu Hasaranga was earlier picked up for INR 2 crore, while fast bowler Matheesha Pathirana commanded a significantly…

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Sri Lanka allocates Rs. 150mn to e-Court project

ECONOMYNEXT – Sri Lanka’s Cabinet of Ministers has approved a proposal to allocate 150 million rupees for e-Court project which will digitalize the island nation’s judiciary system as a national priority strategy, the government said. “As the first phase of the digital transformation process, the Supreme Court is successfully implementing a website and an electronic system for managing its case files at present,” the government said in its Cabinet Decisions document. “The e-Court Project is expected to adapt and use the website and e-CMS system developed for the Supreme Court to all courts across the island, including the Court of…

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UAE Relief Team Honoured for Cyclone Ditwah Response

An appreciation program for the humanitarian relief services carried out by the United Arab Emirates Disaster Relief Team, led by Dr. Hamoud Saeed Hareb Al Afari, comprising 74 members, was held in Negombo on Monday (15). Certificates of appreciation for their exemplary service, issued by the Commander of the Army, Lieutenant General Lasantha Rodrigo, were presented to the team by the Master General of Ordnance, Major General Sumedha Wijekoon, during the event. The relief team arrived in Sri Lanka on December 1, 2025, to provide emergency humanitarian assistance to areas affected by torrential rains, severe floods, and landslides caused by…

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Sri Lanka rupee weaker, bond yields down slightly

ECONOMYNEXT – Sri Lanka’s rupee depreciated further, closing at 309.50/60 to the US dollar in the spot market Tuesday, from 309.25/35 the previous day, dealers said, while bond yields closed slightly down. A bond maturing on 15.12.2026 closed flat at 8.35/45 percent. A bond maturing on 15.09.2027 closed at 8.80/90 percent. A bond maturing on 15.09.2029 closed at 9.40/45 percent. A bond maturing on 01.10.2032 closed at 10.22/25 percent, down from 10.22/26 percent. A bond maturing on 01.11.2033 closed at 10.37/42 percent. (Colombo/Dec16/2025)

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