Trump’s Tariffs Hit Garment Makers in Bangladesh and Sri Lanka Hard
Through Covid, political chaos, and economic disarray, Sri Lanka and Bangladesh kept one industry central to their hopes of prosperity afloat: the manufacturing of ready-made garments, with the United States as their main market. Then came President Trump’s tariffs. The two countries are reeling after Sri Lanka was hit with 44 percent tariffs and Bangladesh […]
SRI LANKA UPDATE | 21 March 2025 – 27 March 2025
💰 The Economy📰 Sri Lanka exports increase by 4.62 percent to USD 1.4 billion in FebruarySri Lanka’s export sector demonstrated robust growth in February 2025, with total exports,including both merchandise and services, reaching USD 1,382.53 million, marking a 4.62 percentYoY increase compared to February 2024.Link: https://tinyurl.com/3kayk3an 📰 Remittances from Sri Lankan workers surge by 16.3 […]
Fwd: Circular No : 79 /2025/ JAN / JAAF :Event Flyer Circulation – Invitation to “The Netherlands: The Gateway to Europe” Event – A Key Briefing for Exporters
Fwd: Circular No : 80/2025/Feb/ JAAF – International Women Day
SRI LANKA UPDATE | 07 March 2025 – 13 March 2025
💰 The Economy📰 Sri Lanka’s apparel exports surge by 22.7 percent to USD 428 million in January 2025Sri Lanka’s apparel exports increased by 22.7 percent to USD 428.4 million in January 2025,driven by strong demand. Textile exports increased by 3.9 percent, contributing to total textileproduct exports of USD 461.3 million, which accounted for 55.67 percent […]
SRI LANKA UPDATE | 14 February 2025 – 20 February 2025
💰 The Economy📰 Sri Lanka’s Manufacturing PMI reflects positive momentumSri Lanka’s Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded anindex value of 59 in January, signifying continued expansion in manufacturing activities. Surveyparticipants from the textiles and apparel manufacturing sector reported favorabledevelopments in January, leading to expansions in the sub-indices for new orders, production,employment, and […]
SRI LANKA UPDATE | 07 February 2025 – 13 February 2025
💰 The Economy📰 International Monetary Fund (IMF) to approve Sri Lanka’s third reviewThe Executive Board of the IMF is scheduled to convene in the forthcoming weeks to evaluatethe third review of Sri Lanka’s assistance program. According to the Director of the IMFCommunications Department, Julie Kozack, Sri Lanka will gain access to USD 333 million uponthe […]
SRI LANKA UPDATE | 24 January 2025 – 30 January 2025
💰 The Economy📰 Central Bank of Sri Lanka (CBSL) maintains Overnight Policy Rate (OPR) at current levelThe Monetary Policy Board of CBSL has decided to maintain the Overnight Policy Rate (OPR) ofthe Central Bank at its current level of 8.00 per cent.Link: https://tinyurl.com/2p8e83jh 📰 Sri Lanka apparel achieves 5 percent export growth in 2024 Sri […]
SRI LANKA UPDATE | 17 January 2025 – 23 January 2025
The EconomyManufacturing and Services sectors strengthen in December 2024Sri Lanka’s manufacturing and services sectors improved in December 2024, according to theCentral Bank’s Purchasing Managers’ Index (PMI). The Manufacturing PMI rose to 57.2,reflecting continued expansion in manufacturing activities, while the Services PMI surged to71.1, signaling a significant boost in services sector performance.Link: https://tinyurl.com/y7b4jz5t Ministry of Energy […]
SRI LANKA UPDATE | 31 January 2025 – 06 February 2025
💰 The Economy📰 Sri Lanka’s tourism sector surges to new heights in 2025Sri Lanka’s tourism sector has recorded an impressive start to 2025, with 252,761 visitors arrivingin January. This record surpasses the previous record of 238,924 visitors set in 2018.Link: https://tinyurl.com/27hj28j6 📰 Sri Lanka to import coconut kernel products to address shortageThe Government has approved […]