Government & Economy Local Business Spotlights Sri Lanka Business News

World Bank: Sri Lanka’s Recovery Still Fragile — Reforms Needed to Secure Growth

The World Bank’s latest report on Sri Lanka’s economic outlook delivers a mixed message — acknowledging progress while warning that the recovery remains incomplete without deep structural reforms. Progress Since the Crisis Sri Lanka’s economy collapsed in 2022 due to severe foreign exchange shortages, spiraling inflation, and political unrest. Since then, the country has made […]

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Government & Economy Local Business Spotlights Sri Lanka Latest News

Dhammika Perera Partly Sells Commercial Bank Stake for Rs. 5.5 Billion

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 […]

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