💰 The Economy
📰 Tourism and remittance inflows surge by 23.4 percent in Sri Lanka
Sri Lanka’s cumulative foreign inflows from tourism earnings and remittances have risen by 23.4
percent to USD 7.97 billion in the first ten months of the year compared to the same period the
previous year, latest data by the Central Bank of Sri Lanka (CBSL) indicated.
Link: https://tinyurl.com/4cvbdbtc

📰 Sri Lanka Banks’ Association (SLBA) projects the rupee to remain stable
The Sri Lanka rupee will remain steady in the coming years, with the gross foreign exchange
reserves expected to exceed USD 12 billion before the capital repayments to the creditors begin
in 2029, the SLBA stated.
Link: https://tinyurl.com/bd235bab

📰 International Monetary Fund (IMF) delegation to arrive in Sri Lanka to conduct review
An IMF team led by Peter Breuer, Senior Mission Chief for Sri Lanka, is expected to visit Colombo
next week to conduct the third review for the country’s economic reform programme supported
by the organisation’s Extended Fund Facility
Link: https://tinyurl.com/y2v5tftj

⚖ Politics & Policy
📰 Special Election Joint Disaster Operating Unit to respond to any emergency on polling day
The Disaster Management Center (DMC) and the Election Commission have implemented a
special joint mechanism to manage potential disruptions during the election week.
Link: https://tinyurl.com/y2ymbee7

📰 President issues proclamation to convene new Parliament on 21st November
President Anura Dissanayake has issued a proclamation convening the new Parliament to meet
on 21 November at 10.00 am.
Link: https://tinyurl.com/2yfwzxar

📰 Korea extends support to advance Sri Lanka’s agriculture sector
The Korean Small and Medium Enterprise (SME) Association has pledged support to Sri Lanka’s
agricultural sector and employment growth, while also committing to provide technical
assistance and training for the development of the fishing industry. These key topics were
discussed during a meeting between the association’s delegation and officials from the
President’s Office at the Presidential Secretariat on 13 November.
Link: https://tinyurl.com/4evsx9d8

📰 Government introduces digital initiative for expatriates across seven countries
The Government has announced a new initiative to issue copies of birth, marriage, and death
certificates to Sri Lankans living overseas through Sri Lankan embassies, aimed at providing
greater convenience to the expatriate community.
Link: https://tinyurl.com/myky45ke

📰 U.S. rescinds travel restrictions for Arugam Bay
The U.S. Embassy, Colombo has lifted the travel advisory issued on 23 October for Arugam Bay.
Link: https://tinyurl.com/mvmet6h5

📰 Board of Investment (BOI) Sri Lanka offers training to promote low-carbon and eco- friendly industries

The Environment Management Department of the BOI, in collaboration with the University of
Sri Jayawardenepura, has initiated an internship program for students from the Faculty of
Technology. The initiative aims to provide theoretical and practical knowledge to the new
professionals entering the field of environment management and industrial sectors in Sri Lanka.
Link: https://tinyurl.com/bdfcjmms

📰 The European Union (EU) reaffirms support for economic growth in Sri Lanka
During a recent meeting with the Export Development Board (EDB) Chairman Mangala
Wijesinghe, the EU Ambassador to Sri Lanka, Carmen Moreno, reaffirmed the EU’s commitment

to promoting economic stability in Sri Lanka. He highlighted the importance of adhering to anti-
corruption and governance reforms to attract further EU investment to Sri Lanka.

Link: https://tinyurl.com/bd8t7jze

!? What you need to know
📰 Orders surge at Sri Lankan apparel factories
The apparel industry in Sri Lanka is currently experiencing a significant increase in demand,
with order books filled until April of the following year. The industry is focusing on expanding
its capacity despite a shortage of skilled labor. Consequently, many factories have reinstated
overtime work to ensure the timely fulfillment of orders and to support the growth of the
sector.
Link: https://tinyurl.com/476884zp

📰 Consistent policy framework crucial for reaching USD 8 billion in apparel exports
The Joint Apparel Association Forum (JAAF) highlighted that policy consistency is vital for Sri
Lanka to increase its apparel exports from an estimated USD 5 billion in 2024 to USD 8 billion
in the forthcoming year.
Link: https://tinyurl.com/ydehbpvm

📰 Sri Lanka represented by 28 firms at Pakistan’s premier textile and leather event ‘Texpo’
The 2024 edition of Texpo, Pakistan’s leading textile and leather exhibition, successfully
concluded in Karachi from 23 to 25 October. Sri Lanka was represented by 28 leading companies, including Brandix Apparel Ltd., Hirdaramani International Exports Ltd., Timex
Garments Ltd., Hameedia Garments Ltd., Star Garments, Harley’s Group, BATA and DSI.
Link: https://tinyurl.com/4pzrw7mw

Disclaimer – This Advisory is intended for circulation among JAAF stakeholders only. Please do
not circulate or share on social media. This document summarises results covering significant
political and economic events. The Advisory includes economic, political, social and governance
perspectives. It draws on news reports, analyses, Government announcements and documents,
and other sources that we may be in contact with or have access to.

This Advisory was prepared
by the Strategic Communications Unit of Adfactors PR Lanka. For inquiries, contact
sarah.muiz@adfactorspr.com