Hela Apparel raised billions through an IPO and rights issue, secured international development financing and repeatedly restructured debt. Four years after listing, it says it can no longer pay its debts. What happened between growth and the balance sheet?
Islamic finance has grown into a US$4.4 trillion global industry. Sri Lanka already has an enabling banking framework, Islamic financial institutions and a listed sukuk market, but greater scale requires stronger regulation, awareness and investable projects.
Sri Lanka’s combined merchandise and services exports exceeded US$9 billion during the first half of 2026. The milestone reflects stronger diversification, but apparel, tea and major Western markets remain under pressure.
Sri Lanka received the lower 10% US tariff rate after adopting a forced-labour import prohibition. The decision protects export competitiveness while creating opportunities for exempt product sectors.
The Central Bank kept the Overnight Policy Rate at 8.75%, choosing to assess the impact of May’s tightening while inflation, external pressures and credit growth remain key concerns.
The Central Bank of Sri Lanka’s next monetary policy decision on 22 July 2026 policy rate comes at a critical juncture. Following the 100-basis-point increase
Sri Lanka VAT changes landscape has seen significant updates effective from 1 July 2026, sparking widespread discussion across social media and business circles. While some
World Bank Approves US$150 Million to Support Sri Lanka – The World Bank Sri Lanka Reform Loan 2026 marks an important step in the country’s
The risks leading to cancellation of registration for finance leasing establishments in Sri Lanka are clearly outlined in the regulatory framework administered by the Central
Meta Description:CBSL Monetary Policy Review No 3 2026 shows the Overnight Policy Rate Raised by 100 bps by Central Bank of Sri Lanka to 8.75%
