Economics

Sri Lanka’s Export Performance in May 2024: Mixed Results with Overall Decline

In May 2024, Sri Lanka’s merchandise exports dropped by 5.81% compared to the same month last year, totaling 960.2 million dollars, according to the island’s Export Development Board. For the first five months of 2024, goods exports reached 5,016.30 million dollars, marking a 3.09% increase from the same period in the previous year. Service exports

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Business

Sri Lankan Exporters Confident of Growth Despite Global Challenges, Survey Reveals

Sri Lankan exporters are expressing optimism for the future, according to a recent survey by the Ceylon Chamber of Commerce (CCC). Despite a challenging global outlook, 39% of firms surveyed expect the Sri Lankan economy to experience moderate growth in 2024 compared to 2023. The survey, titled the “Fifth Export Barometer Survey,” showcases the resilience

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