Latest articles from Sri Lanka

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Sri Lanka seeks foreign investment support

April 19, 2022

As Sri Lanka’s foreign currency reserves dry up, the country is looking to woo international investors, but will they be tempted?

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Sri Lanka looks for external assistance

April 1, 2022

The Russia–Ukraine war is exacerbating Sri Lanka’s economic woes, while island-wide power cuts and fuel shortages have crippled day-to-day activities.

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Sri Lanka’s game plan for recovery

March 28, 2022

In the face of the worst debt crisis in decades, the government is taking action and reaching out to international donor agencies for assistance.  

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Sri Lanka’s banks face a challenging 2022

March 17, 2022

The banking sector is dealing with a devalued currency, inflationary pressures and the spectre of rising non-performing loans.

Political uncertainty weighs on Sri Lankan banks’ profits

November 9, 2021

Pre-tax profits at three of the four largest banks in the country have been falling since 2017.

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Sri Lanka looks to technology and BPO to develop its economy

May 6, 2020

Sri Lanka is adding higher skilled sectors to its traditional offerings of tourism and tea. 

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Coronavirus, consolidation and challengers: Sri Lankan banks' triple challenge

May 6, 2020

Banks in Sri Lanka are facing a triple threat that goes beyond the coronavirus pandemic.

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Sri Lanka CBG calls for strong traditional banking

May 6, 2020

The new governor of the Central Bank of Sri Lanka talks to The Banker about how he will bring his academic experience to the role. 

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Is Sri Lanka latest to fall into a China debt trap?

April 3, 2018

Indebtedness to China has obliged Sri Lanka to hand over a major port to its financier. Is this an emerging pattern in Asia? Nikkei staff writer Yuji Kuronuma reports. 

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The five-year plan to transform Sri Lanka

January 30, 2017

Sri Lanka has emerged from decades of national unrest and is now fighting to combat corruption and instil fiscal discipline. Finance minister Ravi Karunanayake outlines the government’s new vision for economic development to Jacopo Dettoni. 

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