Sri Lanka’s Banks are now facing headwinds in returning to normalcy levels following the third wave Covid -19 impact which cannot be over come any out of the box thinking or efforts, banking sector experts warned.

Asia Asset Finance PLC (AAFP) has gained stable outlook with resilience overcoming growth headwinds in Covid-19 environment, leading Credit Rating Agency ICRA Lanka Limited affirmed.

Exporters have now been grappling to convert 25 percent of their earnings into Sri Lanka Rupees claiming that this policy has increased costs and place more pressure on an already struggling sector.

Nestlé Lanka has launched an innovative solution

As a measure of upscaling the LPG availability in Sri Lanka, Litro Gas Lanka will be introducing pipe-borne LPG supply to households and consumers in Sri Lanka, giving them access to world class energy solutions.

Relatively low global oil prices and the resurgence seen in economic activities in the first three months of 2021 helped Lanka IOC PLC to deliver a profit in the period ended in March 2021 (4Q21)

Softlogic Finance Plc (SFL) has announced plans to raise Rs. 2.24 billion via a Rights Issue to boost its capital.

The Government has decided to further ease Palm oil restrictions subject to the condition of allowing importers to bring down inflatoxin free and high qukty palm oil from countries like Malaysia and Indonesia, Trade Minister Bandula Gunawadena said

South Korea will be providing a soft loan facility of US$ 500 million in accordance with the agreement signed between the Finance Ministry and the Eximbank of Korea.