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Trade, investment and able leadership key for Sri Lanka till 2019, despite recent political uncertainties, says Thilina Panduwawala of Frontier Research

Sri Lanka’s economy marked end-2017 with a slew of economic indicators signaling a return to stability. The consensus was that macroeconomic stability was to be maintained and the coalition government with its reform agenda, spearheaded by the Vision 2025 policy formulation,...

Sri Lanka: Banks start the countdown to consolidation

For a frontier economy of $87 billion, with moderate growth and just 21 million people, Sri Lanka has far too many banks. Customers have a choice of 25 commercial lenders, seven specialists and 47 non-banks. The bigger players include state-owned Bank of Ceylon (BoC) a...

Sri Lanka central bank keeps rates steady, says growth below potential

COLOMBO, Feb 15 (Reuters) - Sri Lanka's central bank held interest rates steady on Thursday, saying the economy is growing below potential, a widely expected decision that comes amid fresh political uncertainty after the ruling coalition government suffered a shock defeat in...