Economics

Sri Lanka’s Export Economy Faces Challenges, IPS Calls for Diversification and Policy Reforms

  • October 22, 2024

According to the Institute of Policy Studies (IPS), Sri Lanka’s export economy remains heavily reliant on apparel, with goods and services exports accounting for approximately 20.4% of GDP in 2023. Of this, manufacturing exports contributed 14%, and a staggering 77% of export income is derived from industrial goods, primarily apparel. In contrast, agricultural exports account

Read More
Business

Sri Lanka Set to Lead Asia’s $5 Trillion Green Market,

  • July 29, 2024

Says Dilmah Chairman Sri Lanka is uniquely positioned to capitalize on Asia’s burgeoning $5 trillion green market, according to Dilmah Tea Chairman Dilhan Fernando. With global consumers increasingly prioritizing sustainability and Western companies struggling to meet these demands, Sri Lanka stands to benefit from the substantial ESG (Environmental, Social, and Governance) funds available globally. Fernando

Read More