External Sector Performance News Today

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..

External Sector Performance – March 2023 The deficit in the merchandise trade account narrowed to US dollars 412 million in March 2023, from US dollars 761 million in March 2022, mainly due to the subdued level of imports, compared to a year earlier. However, the trade deficit in March 2023 widened significantly, compared to February […]

TEXPO Pakistan, the country’s largest textile exhibition, is gearing up to present an exciting showcase of the latest innovations and trends in the textile and leather industry. The highly anticipated event will be held from May 26th to 28th, 2023 at the Expo Center in Karachi, Pakistan. The 4th edition of TEXPO will focus on […]

Amanté, Sri Lanka’s leading intimate apparel brand, has now added a 4th independent boutique to its growing repertoire of premium retail stores across the country. The occasion was marked on Wednesday the 12th of April 2023 at 9.06am, with popular actress and media personality Yureni Noshika cutting the ribbon to officially open the new outlet […]

AIA Insurance’s Higher Education Scholarships Programme, now in its 28th consecutive year, rewards the top performers from each district at the Grade 5 scholarship examination, by giving them a monthly bursary from Advanced Level (A/L) class right up to the completion of their university degree. Started in 1994, the programme was initiated to lend a hand […]

Pan Asia Bank cemented its position in the Business Today Top 40 ranking for the year 2022. The Business Today Top 40 2022 winners were recognized at a high profile corporate evening graced by President Ranil Wickramasinghe. Pan Asia Bank was recognized for showing positive financial growth amidst the turbulent situation of the country as its […]

On a working visit the Consuls of the Republic of Austria Wolfgang Gröblacher and Martin Streimelweger came to Sri Lanka and held a reception for the Austrian citizens resident in Sri Lanka and the business community members of the Austrian Association Sri Lanka. The Consul Wolfgang Gröblacher in his address thanked the former Honorary Consul […]

External Sector Performance – February 2023 • Import expenditure declined notably, compared to the reduction in export earnings in February 2023 (y-o-y), resulting into sizeable moderation in the trade deficit. • Workers’ remittances and earnings from tourism continued to improve in February 2023. • Gross official reserves strengthened further by end February 2023, compared to […]

One of the most sought after international gem and jewellery shows on the global procurement and sourcing calendar, FACETS Sri Lanka Premier Edition was inaugurated by Minister of Industries and Plantations Ramesh Pathirana. Hosted by Cinnamon Grand and organised by the National Gem & Jewellery Authority and Sri Lanka Gem and Jewellery Association, FACETS Sri […]

By Hiran H.Senewiratne CSE trading activities were negative yesterday but shares edged up in mid-day market trade as bond yield prices came down. However, there is a significant interest in the treasury counter, market analysts said. “In terms of the market sentiment there has been a gain and a lot of interest in the treasury […]