Economics

CEB Utilizes Rs. 93 Billion Profit to Settle Power Project Debts: Minister Wijesekera

Power and Energy Minister Kanchana Wijesekera announced yesterday that the Ceylon Electricity Board (CEB) used its net profit of Rs. 93 billion, registered by June 2024, to settle various power project debts. In a post on ‘X,’ Minister Wijesekera detailed that the net profit was utilized to pay outstanding amounts owed to renewable energy developers,

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Politics

Sri Lanka Achieves $8 Billion in Export Revenue and Secures $800 Million in Investments in First Half of 2024

Sri Lanka has made significant strides in its economic development, securing $8 billion in export revenue during the first half of 2024. In addition, investment agreements totaling $800 million were signed within the same period, according to Investment Promotion State Minister Dilum Amunugama. Speaking at a press briefing titled “Two Years of Progress and Advancements”

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