Revival of Japanese Development Projects in Sri Lanka
As Sri Lanka approaches the completion of its debt restructuring process, optimism is rising for the resumption of long-stalled development initiatives. Eleven Japanese-funded.
International Economic Developments
Tourism
Sri Lanka’s Tourism Revenue Rises by 18.9% in September as Arrivals Surge
Sri Lanka’s tourism sector saw a significant boost in foreign exchange revenue, reaching $181 million in September 2024, an 18.9% increase from $152.2.
- October 7, 2024
Economics
IMF to Reveal Dates for Sri Lanka’s Third Review Under EFF Program
The International Monetary Fund (IMF) is set to announce the dates for the third review under the Extended Fund Facility (EFF) program for.
- October 4, 2024
Economics
CBSL Forecasts Ongoing Deflation Amid Price Cuts and Improved Supply
The Central Bank of Sri Lanka (CBSL) anticipates that deflationary trends will continue in the coming months before inflation gradually aligns with the.
- October 3, 2024
Tourism
Tourism Sector Employment Grows 11.24% YoY in 2023, Reaching 429,641 Jobs
In 2023, total employment in Sri Lanka’s tourism sector, including indirect jobs, grew by 11.24% year-on-year (YoY), reaching 429,641 employees, according to provisional.
- September 26, 2024
Economics
Exporters Call on New President to Foster Business-Friendly Environment in Sri Lanka
Sri Lanka’s export community has urged President Anura Kumara Dissanayake to streamline administrative processes and cultivate a more business-friendly environment that empowers entrepreneurs.
- September 24, 2024
Industry Analysis
Sri Lanka’s Apparel Sector Surpasses $3 Billion in Earnings Amid Growth
Sri Lanka’s apparel sector has surpassed the $3 billion mark in earnings, demonstrating impressive growth with a 22% year-on-year increase in August. According.
- September 24, 2024
Government Regulations
Sri Lanka Cabinet Approves Bill to Modernize Cross-Border Trade
In a landmark decision, Sri Lanka’s Cabinet has approved the National Trade Facilitation Roadmap bill, marking a significant advancement in the country’s efforts.
- September 23, 2024
Industry Analysis
Sri Lanka-UAE Joint Venture Enhances Graphene Processing Capabilities, Boosts Industry Ties
Inovartic Investment Lanka Ltd., a new joint venture between Sri Lanka’s Apex Asia Holdings and UAE’s Inovartic Investment LLC, is set to advance.
- September 19, 2024
Industry Analysis
COYLE Unveils Global Platform to Propel Sri Lankan Industries onto the World Stage
The Chamber of Young Lankan Entrepreneurs (COYLE) has launched an ambitious initiative known as the COYLE Global Platform, aimed at empowering Sri Lankan.
- September 11, 2024