Sri Lanka's central bank engaged in swap transactions borrowing US dollars, reaching over $3.2 billion by December 2024. This borrowing has significantly increased the central bank's net short position by nearly $1.28 billion within two years, highlighting a growing reliance on such finan...

A Sri Lankan parliamentary committee has called central bank officials to a meeting with party leaders due to controversy over significant salary increases they awarded themselves. This action follows criticism from legislators who are concerned about the central bank's financial management s...

Sri Lanka has proposed a revised restructuring plan to its sovereign bondholders as it aims to finalize debt restructuring by mid-year, amidst a lawsuit from holdout investor Hamilton Reserve seeking bond payment enforcement. The U.S. court granted a six-month stay on the case, with the deadline...

The Ceylon Electricity Board (CEB) plans to reduce electricity tariffs by 18 percent, attributing the possibility of this reduction mainly to the increased contribution of hydropower to Sri Lanka's energy mix, thanks to recent sufficient rainfall that enhanced the power generation capacity of...