Industry Analysis

Gem and Jewellery Sector in Sri Lanka Faces Decline Amidst Stalled Reforms

The Sri Lanka Gem and Jewellery Association (SLGJA) has issued a renewed call for urgent reforms as the domestic industry grapples with a downturn driven by skyrocketing gold prices and persistent policy challenges hindering growth. Local jewellery sales have experienced a significant decline, while exporters are contending with a complex regulatory framework that has diminished

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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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