Sri Lanka breaches IMF benchmark after regulator cuts electricity prices
Tuesday March 4, 2025 12:44 pmECONOMYNEXT – Sri Lanka has breached a structural benchmark in the International Monetary Fund program after a 20 percent electricity tariff cut by the regulator, and an official said avoiding losses would be a key requirement to pass the next review.
Passing of a budget in line with program requirements would be the next important requirement.
- https://economynext.com/sri-lanka-b...ter-regulator-cuts-electricity-prices-208167/
Sri Lanka’s CEB makes operating loss in Dec 2024 quarter as revenues plunge
Wednesday March 5, 2025 11:37 amECONOMYNEXT – Sri Lanka’s state-run Ceylon Electricity Board has made an operating loss of 3.0 billion rupees in the December 2024 quarter, and made a marginal net profit with the help of other income and gains, interim accounts showed.
CEB’s revenues plunged 28 percent to 111.8 billion rupees in the December 2024 quarter, from 156.2 billion rupees, while cost of sales grew 49 percent to 116.2 billion rupees, leading to gross loss of 4.49 billion rupees, down from 78 billion in 2023.
- https://economynext.com/sri-lankas-...n-dec-2024-quarter-as-revenues-plunge-208500/
