An Echelon Media Company
Monday November 9th, 2026
Fiscal

Sri Lanka to liquidate 33 inactive SOEs

The state companies were mostly inactive with no staff

September 4, 2025 1 min read

Sri Lanka CEB offers VRS up to Rs5mn for excess workers

Short service employees to get 900,000 rupees

September 2, 2025 2 min read

Sri Lanka budget deficit down 36-pct, tax revenues up 28.2-pct

Current spending creeping up, rising 15-pct by July

September 1, 2025 2 min read

MAGA Engineering wins deal to repair Sri Lanka's Southern Expressway

MAGA Engineering (Pvt) Ltd was chosen following national competitive tender

August 27, 2025 1 min read
Sri Lanka will rebuild stronger after cyclone devastation, Rs500bn extra spend : Minister

When we reconstruct, we have to make build something that is better than what it was

World Bank provides $120mn, to help Sri Lanka find more cyclone recovery funds

GRADE assessment is already underway in partnership with the Global Facility for Disaster Risk Reduction

Sri Lanka to pay Rs6,000 to state pensioners in October after EC opposition

Elections Commission had opposed the move as polls were declared for September 21

August 12, 2024 1 min read

No decision yet on reducing Sri Lanka arrack price

Though there has been requests by various parties to reduce the price of arrack no decision has been taken yet

August 11, 2024 1 min read

ADB working on Sri Lanka $100mn tourism sector loan

A $200mn loan linked to financial sector reform is also in the works

August 9, 2024 1 min read

Sri Lanka Customs internal affairs unit opened after IMF findings

Internal Affairs Units will be set up at Inland Revenue and Excise agencies

August 9, 2024 2 min read

Sri Lanka banks owed Rs88bn to banks on past senior citizen interest subsidies

This is a time when are progressively paying them back

August 7, 2024 2 min read
2

Sri Lanka signs ADB 25-year US$100mn budget support loan

Loan linked to power sector reforms

August 6, 2024 1 min read

Sri Lanka to re-start subsidy to keep senior citizen deposit rate at 10-pct

The subsidy is coming ahead of elections

August 6, 2024 1 min read
1

Sri Lanka seeks details after getting OCC, IMF views on ISB restructure plan

The statement did not say what the initial assessments indicated

August 2, 2024 1 min read

Sri Lanka raises state pensions from September

Sri Lanka has about 700,000 pensioners.

August 2, 2024 1 min read

IMF says assessed Sri Lanka ISB deal, urge taxes in next budget

Central bank keeps inflation below target

August 2, 2024 7 min read
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Sri Lanka cabinet clears drafting bill for PPP Agency

The proposed law will give a legal basis for the PPP agency

July 30, 2024 1 min read

Sri Lanka budget deficit steeply down in May 2024

Monetary stability has been provided to run budget and ordinary people to live and work

July 29, 2024 3 min read

Sri Lanka still negotiating with Melwa sale price for Hilton building

Special Cabinet Appointed Negotiation Commitee discussing price

July 26, 2024 1 min read

Sri Lanka SRU responds to SLT, Hilton sale allegations

State-Owned Enterprises Restructuring Unit has responded to statements about sale of Hotel Developers Lanka and SLT.

July 26, 2024 5 min read

Sri Lanka banks in talks about getting ISBs repaid in rupees: Sources

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July 25, 2024 2 min read

Sri Lanka legislators go to Court against IVS-VFS Global visa deal

Patali Champika Ranawana, M A Sumanthiran and Rauff Hakeem move court over the deal

July 25, 2024 1 min read

Japan decides on immediate disbursement of suspended Sri Lanka loans

Decision taken by Japan to make immediate disbursement instead of waiting for new agreement to be singed

July 24, 2024 1 min read

Sri Lanka prepares anti-corruption agenda backed by IMF report

Several key measures identified in an IMF governance diagnosis report will be incorporated

July 24, 2024 1 min read

Sri Lanka and Japan discuss JCM de-carbornizing funding

PPPs for housing also discussed

July 20, 2024 1 min read

Sri Lanka abandons sale process of SriLankan Airlines

An alternate strategy, to be decided on

July 19, 2024 1 min read