Cementing its track record as the richest region in the country, the Western Province contributed the highest share of 39.1% to Sri Lanka’s nominal GDP in 2019 but was down 0.5% from the previous year, while the Central and North Western Provinces followed at a distant second and third place, latest data from the Central Bank showed.

Sri Lankan businessmen is now experiencing difficulties in importing essential items and other items needed for their value added products on credit terms as foreign banks begin reusing their Letters of Credit(LCs) opened in local banks, several business leaders said.

The Colombo Stock Exchange (CSE) announces several changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2020 year-end index rebalance.

Sri Lanka’s growth prospects for 2021 had dimmed from the 5 percent levels expected in October amid a surge in Corona virus and with the Census and statistics latest controversial data released with much delay, economic analysts said.

Low growth, macroeconomic issues, muted private sector growth to impact banks
Despite projections of 4.9% growth in 2021 underlying vulnerabilities and COVID-19 to affect profitability
Growth expected to contract 6.7% in 2020
Despite spate of relief measures by CB, impaired loan ratios on the rise

SriLankan Catering yesterday confirmed media reports stating that eight employees of the airline at SriLankan Catering operations division at the Bandaranaike International Airport had tested positive for the COVID-19 virus.

National Savings Bank (NSB) has been steered towards modernisation expansion and digitisation of operations, services, and product delivery and has witnessed its contribution towards enhancing customer experience.

The first investment within the Port City Colombo has been realised with the launching of one billion dollar Colombo International Finance Centre (CIFC) Mixed Development Project in a land mark ceremony on Thursday 17 December .

The development of the Port City took a significant step yesterday, with Browns Investments PLC entering into a landmark agreement with China Harbour Engineering Company (CHEC) to commence the Colombo International Finance Centre mixed development project, which will involve an investment of $ 450 million.