Sri Lanka’s state-run Ceylon Petroleum Corporation hit by price controls and forex shortages from call money rate targeting has racked up debt of 707.5 billion rupees by July 2021, official data showed. CPC had imported 18.4 million barrels of crude and refined...

National Chamber of Commerce of Sri Lanka (NCCSL)IN a statement yesterday recognized the efforts of the government to signal all the stakeholders that they are in a path towards managing fiscal space by estimating budget deficit for 2022 in single digit (8.8 percent)...

Government of Sri Lanka’s (GoSL’s) face value money printing (FVMP) debt breached the Rs 1.8 trillion barrier yesterday, increasing by Rs 29,882 million (1.68 per cent) to Rs 1,804,400.94 million (Rs 1.8044trillion) due to a lack of revenue. GoSL’s F...

The government plans to initiate talks with foreign parties to obtain green bond financing facilities to fund green ongoing projects, to meet the country’s climate commitments and to achieve the Sustainable Development Goals.