Electricity Tariff Revision Proposal for Q1 2026: Potential Effects on Household Finances and Energy Use in Sri Lanka
Sri Lanka’s electricity sector enters 2026 with a proposed tariff adjustment from the Ceylon Electricity Board (CEB), submitted to the Public Utilities Commission of Sri Lanka (PUCSL) on December 24, 2025. The proposal outlines an overall 11.57% increase to address a projected revenue deficit of Rs. 13,094 million for January to March 2026. Based on […]
Gold Prices in Sri Lanka on December 23, 2025: Latest Rates Amid Global Record Rally
As of December 23, 2025, gold prices in Sri Lanka remain elevated, reflecting the ongoing global surge that has pushed the precious metal to unprecedented highs. According to reliable local sources like IdeaBeam, today’s gold rates show significant levels for both investment and jewelry purposes. This comes as international spot gold trades around $4,400+ per […]
World Bank’s $120 Million Emergency Support: What It Means for Sri Lanka’s Recovery and Public Confidence
A Timely Lifeline for a Country in Crisis On December 15, 2025, the World Bank confirmed up to USD $120 million in emergency support to Sri Lanka, repurposed from ongoing projects. This announcement comes in direct response to the Government’s request following Cyclone Ditwah, the worst natural disaster to hit the country in two decades. […]
Rebuilding After the Cyclone: Why Recovery Must Start With People, Not Projects
When a cyclone tears through a country, the immediate images are always the same; fallen trees, flooded homes, damaged roads, boats pushed inland, families sheltering in schools. But long after the water recedes and the news cycle shifts, the real recovery quietly begins in kitchens, shops, fields, classrooms, and tea stalls. It is a slow, […]
Proposed CEB Tariff Hike: Smart Reform or Unnecessary Shock?
Sri Lanka’s electricity pricing debate heats up again. Here’s what the 6.8% proposal means for households, the grid, and the economy. In October 2025, the Ceylon Electricity Board (CEB) proposed a 6.8% increase in electricity tariffs for the final quarter of the year, citing rising operational costs, debt burdens, and the need for cost-reflective pricing. […]
CEB Restructuring: A Turning Point for Sri Lanka’s Power Sector
Sri Lanka has embarked on a significant reform journey to restructure the Ceylon Electricity Board (CEB). The intention is clear: to transform electricity generation, transmission, and distribution into a system that is efficient, financially sustainable, and capable of supporting the country’s renewable energy ambitions. What is Being Proposed Unbundling of functionsThe CEB will be divided […]
AI in Sri Lanka’s Financial Sector: What the Central Bank’s Signal Means
On 17 September 2025, Central Bank Governor Dr P. Nandalal Weerasinghe argued that artificial intelligence is no longer optional for Sri Lanka’s financial sector. He called AI a “strategic imperative” for banks and finance companies, highlighting gains in efficiency, fraud prevention, inclusion, and sustainable finance while warning about privacy, bias, and governance risks that demand […]
Sri Lanka’s SOEs: Restructure or Risk Recovery
Sri Lanka’s loss-making state-owned enterprises (SOEs) are a persistent drain on public finances and a major obstacle to fiscal stability. Their continued losses add to national debt, crowd out spending on health, education and infrastructure, and slow the country’s economic recovery. Scale of the Losses Government and IMF data show that in 2024 the fifty-two […]
Tax Digitisation in Sri Lanka: Progress or Pitfall?
Tax Digitisation in Sri Lanka | Sri Lanka is entering a crucial phase in its economic reform journey. Among the many measures rolled out to increase state revenue, the digitisation of the tax system is one of the most ambitious. The Inland Revenue Department (IRD) has pushed forward with online filing, e-payments, and digital platforms […]
Balancing Development and Conservation: The Future of Sri Lanka’s Coastal Ecosystems
Sri Lanka’s 1,340 km coastline is both a source of immense economic potential and a delicate ecological treasure. From pristine beaches and mangroves to coral reefs and estuaries, these ecosystems sustain fisheries, tourism, and coastal livelihoods(Coastal Ecosystems). At the same time, they provide vital natural defences against erosion, storm surges, and climate change impacts. However, […]