An Echelon Media Company
Saturday May 18th, 2024

Sri Lanka working to reach solution with bondholders: Minister

We are confident that second round of discussions will help us reach a solution

May 3, 2024 1 min read

Sri Lanka ISB restructure talks await clarity on IMF methodology: Sources

Greater understanding would speed up negotiations

May 2, 2024 2 min read

Sri Lanka's EPF net contributions turn negative in 2023

Demographers have warned that outflows from the EPF would exceed inflows as Sri Lanka's population aged

April 29, 2024 2 min read

Sri Lanka budget deficit down in 2023, tax revenue up 54-pct

Deficit lower in absolute terms and as a share of GDP

April 27, 2024 4 min read
Sri Lanka travel trade promised private visa levies would be lifted from May

We have now been assured by the Hon Minister of Tourism that the process will be reversed by 1st May

Sri Lanka planning to cut withholding tax on interest to help retirees: Minister

Withholding tax may be lifted on interest below Rs100,000 a month

Sri Lanka, Iran Presidents inaugurate Uma Oya hydro-electric project

Th irrigation and hydropower project was designed and built by Iran's Farab engineering group.

April 24, 2024 2 min read

Sri Lanka exceeds tax revenue target by 6% in first quarter

State Minister believes the 2024 revenue target is achievable

April 22, 2024 2 min read

Air Asia, SriLanka's FITS, Hayleys bid for SriLankan Airlines

Six parties bid for SriLankan stake

April 22, 2024 1 min read

Widespread support for Sri Lanka debt workout, reform progress at IMF/WB meet: Minister

The strides made in our economic recovery and financial stability have been acknowledged as significant advancements

April 21, 2024 3 min read

Sri Lanka choices recalled in Vietnam debate on monetary and fiscal options to target output

So there is an issue of policy mix which we're talking, which we've been engaging the authorities with

April 21, 2024 5 min read

Hopeful of Sri Lanka ISB restructuring deal despite 'some setbacks': IMF Official

I'm hopeful that there will be some conclusions down the road

April 19, 2024 3 min read

Sri Lanka to resume bondholder talks after IMF checks their latest proposal

Bondholders are insisting on a GDP link as they believe IMF GDP growth projections are too narrow

April 18, 2024 2 min read

Eyeing Green Bonds, Sri Lanka State FinMin takes part at WB Biodiversity Financing forum

Sri Lanka has been attempting to tap global market for Green Bonds since 2023

April 17, 2024 2 min read

Sri Lanka opposition welcomes ESG bond idea in ISB restructure, slams secrecy

Says possible to discuss a detachable value recovery instrument

April 16, 2024 5 min read

Sri Lanka agrees to state contingent factor in ISB exchange, ESG bonds also in play

Bondholders make suggestion for upside and downside bonds based on a baseline scenario

April 16, 2024 2 min read
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Sri Lanka to discuss two contentious points with bondholders: report

The matters will be discussed at round of talks in the near future

April 15, 2024 2 min read

Sri Lanka SOEs place Rs33,949 debt on each citizen: restructuring unit

52 State-Owned Enterprises in Sri Lanka incurred losses of LKR 744.6 billion in 2022

April 15, 2024 2 min read

Sri Lanka seeks parliamentary budget officer for Rs655,000

PBO will analyse every public finance document and brief MPs on costs benefits plus

April 15, 2024 2 min read

Sri Lanka adds 182,000 to get tax payer income support, Rs58bn paid

The new beneficiaries were added taking into consideration appeal

April 10, 2024 1 min read

Sri Lanka state workers, military given Rs107bn in April salaries

Usually the monthly salaries are paid starting from the 16 and 17. But for April money is paid before the New Year.

Nethmi Rajawasam
April 9, 2024 1 min read

Sri Lanka IMF, World Bank loan linked state bank reforms get cabinet nod

Reforms identified by a committee made up of IMF, World Bank and Central Bank officials

April 9, 2024 1 min read

Sri Lanka cabinet approves revised electricity reform bill

The electricity reform bill is linked to a $100mn budget support loan from the Asian Development bank

April 9, 2024 1 min read

Sri Lanka repays $1,338mn to multilateral lenders up to Feb 2024: PMD

Multilateral lender debt is serviced after a default

April 6, 2024 1 min read

IMF says "strong expectation" on Sri Lanka deal with private creditors

Domestic debt re-structuring related to SOE debt also expected to be done soon

April 5, 2024 1 min read

Sri Lanka private banks unlikely to need state recapitalization

A budget for 2024 set aside 1.5-pct of GDP in allocations for possible bank recapitalization

April 4, 2024 1 min read
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