A Bold Move in the Banking LandscapeHSBC, a major global banking institution, has announced the sale of its entire retail banking operations in Sri Lanka to Nations Trust Bank (NTB) for LKR 18 billion. The transaction includes approximately 200,000 retail accounts, encompassing savings and checking accounts, credit cards, and personal loans. While the retail segment […]
A New Chapter for Sri Lanka–Maldives Travel In a positive move to boost regional tourism, the Government of the Maldives has announced that Sri Lankan citizens are now eligible to receive a free 90-day on-arrival tourist visa. The decision comes in conjunction with President Anura Kumara Dissanayake’s official visit to the Maldives, further strengthening the […]
The International Monetary Fund (IMF) has approved the release of US$ 347 million to Sri Lanka following its third successful program review, further strengthening the country’s path toward fiscal consolidation and macroeconomic stability. This latest disbursement under the Extended Fund Facility (EFF) brings the total IMF support to over US$ 1 billion since the program […]
