The key point is that Sri Lanka's long-term debt sustainability will not be compromised by any upside payouts triggered by economic over-performance under the economic growth and governance-linked bond deal with bondholders. The negotiated framewor...

The Excise Department has collected Rs. 105 billion in revenue by 30 June this year, marking a Rs. 17 billion increase compared to the same period last year, despite setbacks from natural disasters and issues at a major pro...

Sri Lanka has reached an agreement to restructure US$ 12.5 billion in bonds, featuring a 28 percent cut on face value, 11 percent reduction in past interest, interest payments starting in September 2024, and governance-linked bond features.

The Cabinet approved a $100 million ADB loan to support reforms in the Ceylon Electricity Board and Ceylon Electricity Company, as part of a $300 million program to overhaul Sri Lanka's power sector.  ...