November 5, 2026
4 developments
China Merchants abandons $392M Colombo logistics hub
State-owned CMPort withdrew from the South Asia Commercial and Logistics Hub joint venture, citing external circumstances and commercial reassessment. SLPA will pursue a PPP alternative.
IMF post-2027 programme talks confirmed
Deputy Finance Minister Anil Jayantha said discussions are underway for a growth-targeted successor to the current EFF, which concludes March 2027.
Foreign reserves dip to $6.85B
Reserves fell 1.1% in September despite continued CB dollar purchases; the $8B year-end target remains achievable with Q4 multilateral inflows.
Chinese JV wins two Sri Lankan energy contracts
Ceylex-Xingneng (China) awarded AIIB-funded Sampur-Kappalthurai transmission project and ADB-funded 100 MW Kolonnawa BESS — Sri Lanka's first utility-scale battery storage facility.