CPC owes US $165 million to suppliers for fuel imports

The CPC is yet to pay over $40 million for the already used crude oil whilst over $60 million worth of crude oil is now in storage pending payment with the total payment due to suppliers being $165 million.

https://www.sundaytimes.lk/230115/business-times/cpc-owes-us-165-million-to-suppliers-for-fuel-imports-508394.html

The Sunday Times

2023-01-18

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SriLankan loses Rs. 12.9 b in Q1

SriLankan Airlines recorded a Rs. 12.9 billion net loss in Q1 FY25, driven by cash flow challenges, legacy issues, and financial costs from past debt. ...

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SL pays $ 503 m for 1H debt servicing

By June 2024, Sri Lanka's external debt had reached $37.5 billion, with $8.19 billion in unpaid debt service accumulating since the April 2022 debt standstill on bilateral and commercial loans.

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Workers’ remittances decline in September

In September 2024, Sri Lanka’s remittances reached $556 million, tourism earnings were $181 million, and gross official reserves rose to $6 billion, covering 3.9 months of imports.

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