Page 2 - External Sector Performance News Today

The nation’s Truly Sri Lankan Bank, Pan Asia Bank joined hands with MasterCard to sharpen the skill set of the cards team. A full-day workshop was hosted by MasterCard at Hilton Colombo on 17th December 2022 to motivate Bank staff and to enhance their knowledge on emerging trends, to provide a glimpse of the global landscape […]

External Sector Performance – November 2022 The merchandise trade deficit continued to remain low compared to a year ago, though it widened in November 2022 over the previous month. Earnings from merchandise exports declined in November 2022, mainly due to lower global demand, particularly for garment exports. Meanwhile, merchandise import expenditure also declined for the […]

The Association of International Marketing Graduates in Sri Lanka (AIMG SL) recently honoured two marketing stalwarts with the ‘Lifetime Marketer’s Achievement Award’ at a ceremony held on 6th December 2022 at Cinnamon Grand Colombo. The Lifetime Marketer’s Achievement Award recognises the outstanding contribution and recognition key marketing individuals have brought to Sri Lanka’s Marketing Industry. […]

The Sri Lanka Telecom PLC Annual Report 2021 secured a prestigious Gold accolade at the awards ceremony hosted by the South Asian Federation of Accountant (SAFA) to recognise the Best Presented Annual Reports Awards, Integrated Reporting Awards, and SAARC Anniversary Awards for Corporate Governance Disclosures 2021. The Report won Gold under the ‘Communication and Information […]

Colombo Sri Lanka: When Nepalese billionaire Binod Chaudhary first made a significant investment in 2001 in the iconic Taj Samudra Colombo through a joint venture with Indian Hotels Corporation Limited (IHCL), it was in the middle of Sri Lanka’s debilitating war. While other investors were unwilling to consider any investment, Chaudhary saw opportunity in the […]

Cinnamon Air, Sri Lanka’s premier domestic airline, has resumed daily scheduled flights after a temporary suspension during the COVID-19 pandemic. The airline is the only domestic carrier in Sri Lanka offering daily scheduled flights and the only such airline to operate flights from the Bandaranaike International Airport (BIA) with a dedicated passenger terminal and aircraft […]

External Sector Performance – October 2022 Earnings from merchandise exports declined in October 2022, on a year-on-year basis, for the first time since March 2022, mainly due to lower earnings from garments exports. The decline in import expenditure continued in October 2022, (y-o-y), for the eighth consecutive month, despite recording an increase, compared to September […]

Sri Lankas garment exports stood at $4215.9 million during January-September 2022 which grew by 18.9 per cent over the exports of $3,544.3 million in the same period of the...

Registering an impressive growth of 20.8 per cent YoY, garment exports from Sri Lanka stood at $3,773.1 million in January-August 2022 compared to exports of $3,122.6 million...

Registering an impressive growth of 21 per cent year-on-year, garment exports from Sri Lanka stood at $3,246.4 million in January-July 2022 compared to exports of $2,683 million...