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Government to restructure CPC to avert possible collapse
Debt-ridden Ceylon Petroleum Corporation (CPC) is to be restructured as the entity is faced with severe cash flow problems with no rupees or dollars to continue its operations, top senior officials disclosed.
SL five key SOBEs posted losses amounting to Rs. 931 billion
Sri Lanka’s five key state owned business enterprises (SOBEs) posted losses amounting to Rs. 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.
IMF to resume talks on bailout loan after the end of political crisis
Even in the wake of mass uprising, mayhem in governance and uncertainty The International Monetary Fund(IMF) has not given up hopes in extending its assistance to Sri Lanka.
Sri Lanka halts repayments of airline bond, Airport debt
Sri Lanka has suspended interest payment on a 175 million US dollar sovereign guaranteed bond of the national carrier and loans taken to build a China-backed airport and expand a runway at the main airport, a Finance Ministry report said.
SL spends colossal prices plus commissions to import fuel next week
Sri Lanka is agreeing to pay crazy prices plus commissions for a 40000 MT of fuel, SJB MP Dr. Harsha de Silva alleged