SRI LANKA UPDATE | 04 OCTOBER TO 10 OCTOBER 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) 💰 The Economy📰 Fitch Ratings provides positive update on Sri Lanka’s debt restructuring progressFitch Ratings stated that Sri Lanka’s commitment to the IMF programme targets and debt restructuring, as agreed with international bondholders in September, reduces risks to the debt treatment process.Link: https://tinyurl.com/mr2sc4b3 📰 World Bank approves loan […]
SRI LANKA UPDATE | 27 September TO 03 OCTOBER 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) The EconomyThe Sri Lanka Rupee strengthens as USD selling rate dips below LKR 300The selling rate of the US dollar has dropped below LKR 300 for the first time since June 8, 2023. According to data released by the Central Bank of Sri Lanka (CBSL), the official selling […]
SRI LANKA UPDATE | 13 September TO 19 SEPTEMBER 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) 💰 The Economy📰 Sri Lanka Gross Domestic Product (GDP) surges by 4.7-percent in second quarter of 2024Sri Lanka’s GDP grew 4.7 percent in the second quarter of 2024, facilitated by low inflation andstrong exchange rates.Link: https://tinyurl.com/53xvh22d 📰 Government and private sector settle USD 2.58 billion in debt for […]
SRI LANKA UPDATE | 06 September TO 12 SEPTEMBER 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) 💰 The Economy📰 Expatriate workers remitted USD 577.5 million in AugustThe Sri Lanka Bureau of Foreign Employment reported an 11percent increase in remittances inAugust compared to the same month last year, with USD 577.5 million sent by expatriateworkers through legal banking channels.Link: https://tinyurl.com/hezctx59 📰 Central Bank relaxes mandatory […]
SRI LANKA UPDATE | 30 August 2024 to 5 September 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) 💰 The Economy📰 Trade deficit widens in July amidst surge in importsSri Lanka’s trade deficit widened by USD 237 million to USD 604 million in July from a yearearlier, driven by a significant rise in import expenditure, which outpaced growth in exportearnings.Link: https://tinyurl.com/2hyf4wh7 📰 Land prices for Colombo […]
SRI LANKA UPDATE | 23 August 2024 to 29 August 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) 💰 The Economy📰 Total export earnings for July exceeds USD 1 billionSri Lanka’s merchandise export earnings exceeded USD 1 billion in July, whilst propelling the total value of exports during the first seven months of the year to over USD 9 billion.Link: https://tinyurl.com/tydxns5b 📰 Hambantota International Port (HIP) […]
SRI LANKA UPDATE | 9 August 2024 to 15 August 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) 💰 The Economy📰 Sri Lanka’s economy boosted by USD 566.8 million in July remittancesIn July 2024, Sri Lanka received USD 566.8 million in foreign currency from migrant workers,contributing to a total of USD 3.71 billion in remittances for the first seven months of the year.Link: https://tinyurl.com/5n7sf3sd 📰 Sri […]
SRI LANKA UPDATE | 2 August 2024 to 8 August 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) 💰 The EconomyAsian Development Bank (ADB) grants USD 100 million budget support loan for Sri LankaSri Lanka has signed an agreement with ADB to borrow a USD 100 million budget support loan,linked to power sector policy reforms, the Finance Ministry said. The reforms supportindependent and financially sustainable electricity […]
SRI LANKA UPDATE | 26 July 2024 to 1 August 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) The EconomySri Lanka foreign exchange earnings exceed imports by USD 586 million in JuneSri Lanka’s current foreign exchange earnings from exports, remittances and grossservices, totaled USD 2,033 million in June 2024, surpassing imports by USD 586 million,according to official data released by the Central Bank of Sri Lanka […]
SRI LANKA UPDATE | 19 July 2024 to 25 July 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) 💰 The Economy📰 Sri Lanka merchandise exports top USD 6 billion for the first half of the year (1H)Sri Lanka’s merchandise export performance for the 1H totalled USD 6.098 billion,a 3.87 percent growth Year-on-Year (YoY) when compared with the correspondingperiod in 2023. Accordingly, for the January – July […]