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Colombo, October 2025 —The Adani Group has formally withdrawn from its proposed US$440 million wind power project in Mannar and Pooneryn, citing regulatory uncertainties and environmental concerns.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, […]
Sri Lanka’s tourism industry continued its strong rebound in 2024, generating impressive foreign ticket revenues across its most popular destinations. According to the Sri Lanka Tourism Development Authority (SLTDA) 2025 Year in Review, the country’s cultural icons and wildlife parks remained the top revenue earners, reflecting the island’s rich mix of heritage, adventure, and nature-based […]
