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Publishers’ Association Takes Privacy Law Fight to Supreme Court, with Hearing Expected Tuesday newsdive.net/2026/10/26/publ…
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Sri Lanka’s Stock Market at a Crossroads: Can the Colombo Bourse Recover in 2026? srilankachronicle.com/sri-la…
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Sri Lanka’s Stock Market at a Crossroads: Can the Colombo Bourse Recover in 2026?
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lankabizz.net/2026/10/13/sri…
NewsDive retweeted
IMF cuts Sri Lanka's medium-term Foreign Reserve projections
With recent Middle East tensions and their ripple effect on Sri Lanka, IMF has revised its projections for Gross International Reserves (GIR).
Contrary to what many experts and the media suggest, GIR is not a target. It's a projection made by @IMFNews. The actual target is not GIR, but NIR (Net International Reserves).
Summary of the GIR Projection Revisions
• Good: 2025 actual GIR was at USD 6,838 Mn, USD 288 Mn (+4%) above the projection
• Bad: 2026 GIR revised down by USD 239 Mn (-3%) to USD 8,645 Mn
• Ugly: 2027 GIR revised down by USD 1,592 Mn (-12%) to USD 11,779 Mn
Despite a higher 2025 starting base, 2026 is revised down and 2027 cut deeper still.
IMF sees reserves rising, but at a slower pace.
This is a stark reminder of how a single external shock can ripple through an economy for years to come.
If you are interested to know the story behind the cut in GIR, pls comment below. I will write a follow-up post, if there's significant interest.
#lka #IMF
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NDB Bank Fraud: Institutional Failure or a Planned Conspiracy of a Mastermind?
newsdive.net/index.php/2026/…
Alphonso Mango Shortage in Konkan: Unpredictable Weather Causes Significant Losses for Growers: The familiar scent of Hapus, or Alphonso mangoes, which typically envelops Pune’s Gultekdi market during the festival of Akshaya Tritiya, is notably absent… dlvr.it/TS0Bg9
Actor-director Ameer faces backlash for his reactions to unauthorized footage of Jana Nayagan.: As the film “Jana Nayagan” emerged on piracy websites prior to its official release, many in the Tamil film industry expressed their support for the… dlvr.it/TS0BZz
Village leader’s husband fatally shot during morning stroll in Mirzapur amid panchayat election conflict: The spouse of a village leader was fatally shot, reportedly due to a conflict stemming from panchayat elections in the Katra region of Mirzapur… dlvr.it/TS0BSN
Texas Establishes London Office to Attract Jobs and Investment with Competitive Tax Benefits: The state of Texas is intensifying its outreach to businesses in the United Kingdom by inaugurating a new office in London this month, aimed at attracting jobs… dlvr.it/TS09vZ
