Colombo, October 2025 —The World Bank’s latest Sri Lanka Development Update projects economic growth of 4.6% for 2025, but warns that the recovery remains uneven and vulnerable to external shocks. The report, titled “Resilience in Transition,” highlights that while inflation has moderated and reserves have improved, household income levels have not returned to pre-crisis conditions. […]
Colombo, August 2025The City of Dreams Sri Lanka, formerly known as Cinnamon Life, officially opened its doors in August 2025 as Sri Lanka’s first fully integrated resort. This landmark private investment is expected to transform the island’s high-end tourism, hospitality, and MICE (meetings, incentives, conferences, exhibitions) sector. Features and Offerings: Economic and Tourism Significance: Strategic […]
Colombo, September 2025 – In a landmark development for the Sri Lankan financial sector, HSBC has announced the divestment of its retail banking operations in Sri Lanka, selling the business to Nations Trust Bank PLC (NTB). The deal underscores both a strategic shift for HSBC and a major growth opportunity for NTB. Why HSBC is […]
