Sri Lanka reports a total of 527 State-Owned Enterprises (SOEs), with 55 deemed strategically important. However, transparency issues arise as only 11 out of 52 SOEs have published financial data up to 2022, obscuring the full extent of their losses and employment figures. Amidst public concern o...

Power and Energy Minister Kanchana Wijesekera announced that the Public Utilities Commission of Sri Lanka (PUCSL) is responsible for deciding on electricity tariff revisions and will determine the date for the next adjustment after collectin...

Sri Lanka's central bank successfully purchased $113 million from the forex markets in December 2023, culminating in a total of $1.895 billion for the year. This achievement was supported by a deflationary policy stance, initiated with r...

Bondholders involved in Sri Lanka's debt restructuring are experiencing frustration due to a perceived lack of progress in negotiations, particularly in the context of a lawsuit filed by Hamilton Reserve, a major investor. Hamilton Reserve, representing a significant stake in a billion-dollar...