Sri Lanka top five SOEs lose Rs931bn amid monetary instability

Sri Lanka’s top five state enterprises have lost 931 billion rupees in the first four months of 2022, official data shows, with a collapse of a soft-peg due to aggressive open market operations of the central bank contributing to most losses.

Economy Next

2022-07-08

සබැඳි පුවත් සහ විශ්ලේෂණ

Public debt grew more slowly in the first three qu...

Sri Lanka’s public debt rose at a slower pace in the first three quarters of 2024 compared to the same period in 2023. Whilst domestic debt and foreign increased, the growth was notably lower than in the previous year.

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SL exits ’Restricted Default’ rating

Fitch Ratings upgraded Sri Lanka's Long-Term Foreign-Currency IDR to 'CCC+' from 'RD' and the Local-Currency IDR to 'CCC+' from 'CCC-', citing reduced default risk after completing in...

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CEB secures US$150 mn ADB loan for transmission ne...

The Asian Development Bank (ADB) has provided a $150 million loan to the Ceylon Electricity Board (CEB) to enhance Sri Lanka's electricity transmission infrastructure, focusing on improving grid reliability and inte...

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