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Sri Lanka records USD 798.9 Mn exports in April 2021 May, 20, 2021 Sri Lanka’s export performance continued its upward momentum in the first three months of 2021. Due to the Covid-19 pandemic induced lockdown last year, exports were contracted by a record 64.63 per cent in April 2020. However in April this year, exports grew up by 183 per cent to US$ 798.9 Mn in comparison to the previous year. This growth could be attributed to the gradual lifting of Covid 19 restrictions imposed within the country and globally. It must be noted that the year-on-year growth in April 2021 was largely due to...

KUALA LUMPUR: The ringgit opened firmer against the US dollar today on renewed buying interest, tracking the steadier oil prices, said an analyst. At 9 am, the local currency stood at 4.0985/1015 against the greenback from Wednesday’s close of 4.1000/1050. Markets were closed on Thursday for Nuzul al-Quran public holiday. On Thursday, benchmark Brent crude rose 1.61 per cent to US$68.41-- a six-week high as the US economy’s brighter outlook and oil demand offset bearish demand prospects from the COVID crisis in India. Locally, the analyst also said Malaysia's positive trad...

Sri Lanka’s exports show remarkable rise despite pandemic situation across world – EDB Chairman April, 29, 2021 Sri Lanka’s Export Performance January - March 2021 Sri Lanka surpassed $ 1 billion exports in March 2021 after a lapse of six months period. As per the Customs statistics, earnings from merchandise exports recorded double digit growth of 62.47% in March 2021 on y-o-y comparison – the March figure being US$ 1,066.1 Mn. Earnings from merchandise exports increased by 11.51% in first quarter 2021 to US$ 2,954.53 Mn compared to first quarter 2020. This growth could be attributed...

. Export of Services The services exports estimated by EDB which includes ICT/BPM, Construction, Financial services and Transport & Logistics show exports of US $ 353.98 Mn for the month of January 2021 compared to US$ 331 Mn recorded in January 2020. Estimated service exports increased by 6.94 % in January 2021 in comparison January 2020. Search for: About Us LBO is the pioneer and leader in online business and economics news in Sri Lanka, LBO brings you a more comprehensive online news experience, integrating a host of interactive tools to keep you better informed. LBO Brands Want to r...

The US$ 13.5 billion export target set for merchandise export sectors in early 2020 remains challenging, requiring not only strong efforts from local enterprises, but also the recovery of global demand amid complicated Covid-19 situation. Amid severe impacts of the Covid-19 pandemic, Sri Lanka’s merchandise exports remain at US$ 9.9 billion in 2020, which is a 104 % achievement from the revised forecast of US$ 9.5 billion. Export Development Board (EDB) Chairman Suresh De Mel said; “Amidst the outbreak of COVID-19, a notable rebound of the export sector was recorded from mid – 2020 with...