Government is to proceed with talks for a massive US$ 2.5 billion loan from foreign insurance or pension funds to offset part of the accumulated fuel import bills, ministerial sources said.

Parliament yesterday approved two important finance bills including one to grant tax amnesties as well as the new Securities and Exchange Commission of Sri Lanka Bill. The Finance Bill which indemnifies persons who voluntarily disclose taxab...

It is reported that 17 of the 52 State-run institutions, including the Ceylon Electricity Board (CEB), have registered losses totalling Rs 131.62 billion in 2020.

Borrowings by the government in July from the Central Bank and licensed commercial banks amounted to a whopping Rs.320 billion, nearly double the figure in June, as the government settled a billion dollar bond from printed money while the se...