Business Sentiment: Post-Budget Dip in Confide The IMF recently approved the highly anticipated disbursement of US$ 334 million – the fourth tranche under its Extended Fund Facility (EFF). Following the review, its Managing Director Kristalina Georgieva emphasised the importance of maintaining the reform agenda to decisively guide Sri Lanka towards sustainable and inclusive growth. In…
Total exports, including both merchandise and services, reached at US$ 1,382.53 Mn in February 2025, marking a notable 4.62% year-on- year growth compared to February 2024. Additionally, exports recorded a 2.58% month-on-month increase compared to January 2025. According to provisional data from Sri Lanka Customs and estimated figures for Gems & Jewellery and Petroleum Products,…
The Effects of GSP+ Withdrawal on Sri Lanka’s Exports and Labour Force Growing uncertainties on the future of global trade as President Trump seeks to impose reciprocal tariffs make programmes such as the European Union’s Generalised Scheme of Preferences Plus (GSP+) more significant for small exporters such as Sri Lanka. With a reported visit by…
Indian Prime Minister Narendra Modi who is leading the Indian economic expansion is expected to visit Sri Lanka in April. He is likely to discuss issues including connectivity & economic ties with Sri Lankan counterparts. According to legend, Prince Rama connected the two countries to send Monkeys to create chaos & conflict. To mitigate similar situations…
By Dr Asanka Wijesinghe The proposed additional tariffs on the US imports from Canada, China, and Mexico went into effect early Tuesday morning (March 4), paving the way for a trade war between the US and major trade partners. In addition, the Presidential Memorandum on Reciprocal Trade and Tariff of the United States (US) has…
Investments exit in Sri Lanka causes development dilemmas By Kishore Reddy Sri Lanka’s economic development over the years have faced significant setbacks the withdrawal of several major infrastructure and investment projects. The recent pullout of Adani Green’s USD 1 billion renewable energy project being the latest in a concerning pattern. The cancellation of the Japan…
The IMF has stated that approval of the fourth tranche of Sri Lanka’s Extended Fund Facility (EFF) is contingent upon the implementation of prior actions by local authorities. This includes recently tabled of Budget 2025, which must align with the parameters set under the programme, it maintains. Former Deputy Governor of the Central Bank of…
Sri Lanka’s exports have surged past $1.3 billion in January 2025, marking a strong and promising start to the year! This remarkable growth reflects the resilience, innovation, and competitiveness of Sri Lankan industries, paving the way for sustained economic success. The merchandise export performance in January 2025 amounted to US$ 1,004.82 million, recorded an 3.51…
Majority of the population feels economic conditions ‘getting better’ The government’s approval rating rose sharply after the election, from 24% in July 2024 to 62% in February 2025, when the latest round of the Gallup style ‘Mood of the Nation’ poll was conducted by Verité Research. For the first time since the economic crisis, a…
Verified Market Research® is thrilled to announce the release of its comprehensive and authoritative report on the Tea Extract Market – Size and Forecast. With demand for tea-based products rising globally due to their health benefits, functional ingredients, and increasing consumer preference for natural ingredients, this report provides an in-depth analysis that industry leaders can leverage…
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