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06
Jun

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,...
26
Mar

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...
14
Feb

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...