In a significant development towards State Owned Enterprise (SOE) reforms, the Cabinet of Ministers at its meeting on Monday approved the recommended transaction advisors for seven identified entities.

The restructuring of Sri Lanka's Cooperative Wholesale Establishment (CWE), also known as Sathosa, will involve merging CWE with the state-run Lanka Sathosa retail chain. The proposed restructuring aims to improve the financial standing...

Sri Lanka is set to announce a groundbreaking domestic debt restructuring (DDR) plan that will have significant economic implications, focusing on Treasury bills held by the Central Bank. The plan, which includes maturity extensions and coup...

The Central Bank has proposed domestic debt restructuring that would primarily affect Treasury bills and bonds held by superannuation funds. Banks are excluded from the process. The plan involves converting Treasury bills into Treasury bond...