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Sri Lanka moves closer to finalising debt restructuring with Japan
Sri Lanka’s Cabinet approved a debt restructuring agreement with JICA, following bipartisan negotiations and legal clearance, aiming to boost investor confidence and secure further international financial support....
2025-02-06
Daily FT
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Revenue generated by divesting SOE’s could be ploughed back to infrastructure projects – World Bank
Senior Economist Richard Miller of the World Bank emphasized the necessity for Sri Lanka to persist with its State-Owned Enterprise (SOE) reform program, dismissing the argument against divesting profitable SOEs. He highlighted that privatiz...
2024-04-11
Daily News
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Sri Lanka Shows Signs of Recovery but Must Maintain Reform Momentum
The Asian Development Bank's (ADB) recent Asian Development Outlook (ADO) for April 2024 projects a moderate economic recovery for Sri Lanka, with growth rates estimated at 1.9% for 2024 and 2.5% for 2025 after two consecutive years of c...
2024-04-11
Asian Development Bank
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SCL tax revenue lost to Govt. as importers enjoy huge profits
The Sri Lankan government's tax revenue is experiencing a continual decline due to the inadequacy of adjusting the Special Commodity Levy (SCL) in proportion to the US dollar (USD), leading to excessive profits for traders. This has resu...
2024-04-09
The Morning
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Sri Lanka cabinet approves revised electricity reform bill
Sri Lanka's cabinet approved a revised electricity reform bill that will be presented to parliament by the end of April. This bill, linked to a $100 million loan from the Asian Development Bank, aims to restructure the Ceylon Electricity...
2024-04-09
Economy Next
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