Economics

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

  • August 22, 2024

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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Business Entrepreneurship

Sri Lankan Businesses Demand Action: From Lack of Support to Corruption Concerns

  • June 10, 2024

Sri Lanka’s business community is calling on the government to address critical issues hindering entrepreneurship and economic growth. The Sri Lanka United Business Alliance (SLUBA), representing micro, small, and medium enterprises (MSMEs), urged officials to develop a comprehensive plan to support businesses during these challenging times. SLUBA Chairperson Tania Abeysundara criticized the lack of focus

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