Business magnate Dhammika Perera has partially divested his stake in Commercial Bank of Ceylon PLC, one of Sri Lanka’s most stable and high-performing financial institutions. The transaction, valued at approximately Rs. 5.5 billion, represents a significant portfolio move by one of the country’s most influential investors. Overview of the Transaction The partial sale of shares […]
Colombo, September 2025 —In a landmark move reshaping Sri Lanka’s financial sector, HSBC announced the sale of its retail banking business to Nations Trust Bank (NTB). The deal, expected to complete in early 2026, will transfer HSBC’s personal banking portfolio — including deposits, loans, and credit cards — to NTB, one of the country’s fastest-growing […]
Colombo, October 2025 —The Adani Group has formally withdrawn from its proposed US$440 million wind power project in Mannar and Pooneryn, citing regulatory uncertainties and environmental concerns. The exit, confirmed by the Ceylon Electricity Board (CEB), halts what would have been one of the largest renewable energy investments in Sri Lanka’s history. The Adani project, […]
