Cash-strapped Sri Lanka on Wednesday announced a 15 percent increase in the electricity price to shore up revenues for the state-run utility, in line with conditions imposed by an IMF bailout.
Sri Lanka raises electricity price in line with IMF bailout
Cash-strapped Sri Lanka on Wednesday announced a 15 percent increase in the electricity price to shore up revenues for the state-run utility, in line with conditions imposed by an IMF bailout.
Top IMF Official to Visit Sri Lanka
Dr. Gita Gopinath, First Deputy Managing Director of the International Monetary Fund (IMF), will visit Sri Lanka on June 15 and 16, 2025. This marks the first visit by an IMF First Deputy Managing …
Top IMF Official to Visit Sri Lanka
Dr. Gita Gopinath, First Deputy Managing Director of the International Monetary Fund (IMF), will visit Sri Lanka on June 15 and 16, 2025. This marks the first visit by an IMF First Deputy Managing …
Vidullanka breaks new ground with Sri Lanka’s first-ever listed Sukuk
By Janani Kandaramage Renewable energy company Vidullanka PLC yesterday announced the launch of the country’s first listed Sukuk, a Shariah-compliant debt instrument, signalling a bold step towards …
CEAT voted Sri Lanka’s ‘Most Loved Tyre Brand’
CEAT has been voted Sri Lanka’s ‘Most Loved Tyre Brand’ in 2025 by the country’s leading business magazine LMD. This valuable accolade is based on the findings of a survey conducted by PepperCube …
Cash-strapped Sri Lanka tows IMF bailout line, raises electricity price by 15%
COLOMBO: Cash-strapped Sri Lanka on Wednesday announced a 15 percent increase in the electricity price to shore up revenues for the state-run utility, in line w …
Sri Lanka-Romania Business Forum signals strategic shift in bilateral trade
The Sri Lanka-Romania Business Forum, held on 26 May in Bucharest, marked a significant step forward in economic diplomacy between the two countries. ..
Sri Lanka’s Vidullanka says its Sukuk will open funding options for others
ECONOMYNEXT – Sri Lankan renewable energy firm Vidullanka’s first ever listing of Sukuk, a Shariah-complaint debt security, in the Colombo Stock Exchange will open up new opportunities through Islamic …
Sri Lanka casino bill includes no junket regulations
Draft regulations for the new Sri Lanka gaming industry do not address the licensing, taxation and regulation of casino junkets.