Economics

Sri Lanka’s Power & Energy Sector Strengthens Under Outgoing Minister

Sri Lanka’s outgoing Power and Energy Minister Kanchana Wijesekara has announced that he leaves the ministry in a stronger financial position, with sufficient stocks of petroleum products and coal for power generation and fuel supply. In a tweet on September 23, Wijesekara emphasized that all institutions under his purview are now operating with positive balance

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Finance

Ceylon Electricity Board Reports Rs.34.35 Billion Profit for 2Q24 Amidst Tariff Reductions

Ceylon Electricity Board Reports Rs.34.35 Billion Profit for 2Q24 Amidst Tariff Reductions The state-run Ceylon Electricity Board (CEB) announced a significant profit of Rs.34.35 billion for the quarter ending June 2024, marking a 24.4 percent increase from the same period last year. In the first half of 2024 (1H24), CEB achieved a remarkable turnaround with

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