Sri Lanka's Ceylon Electricity Board (CEB) used a net profit of 93 billion rupees by June 2024 to settle outstanding debts, leading to a reduction in electricity tariffs, despite a drop in revenue....

The CBSL expects continued growth in Q2-2024 driven by strong industry and services performances, but anticipates a slowdown in 2H24 due to a higher statistical base and ongoing fiscal constraints.  

Nishan de Mel, Executive Director of Verité Research, warned that Sri Lanka's debt sustainability is at risk due to flawed assumptions and shallow restructuring, advocating for a new, transparent analysis to ensu...

The Inland Revenue Department (IRD) of Sri Lanka exceeded its tax collection target for the second consecutive quarter, collecting Rs. 902 billion in the first half of 2024, surpassing the target of Rs. 826 billion.