Local News
Major Shifts in Sri Lanka: HSBC Exits Retail Banking as Stock Market Faces Foreign Outflow Pressure.
May 5, 2026 at 6:21 PM
HSBC has officially ceased its retail banking operations in Sri Lanka, transferring accounts to Nations Trust Bank, while the Colombo Stock Exchange reports record foreign outflows surpassing Rs 25 billion.
Local News
Sri Lanka Faces Significant SME Contraction: Over 200,000 Businesses Closed Between 2018 and 2022.
April 9, 2026 at 8:06 AM
Recent parliamentary disclosures reveal that over 200,000 SMEs in Sri Lanka ceased operations between 2018 and 2022, with economic instability cited as a primary driver.





