Earnings from Sri Lankan apparel exports declined by 7.4% in August 2026 compared to the corresponding month in the previous year. Central Bank of Sri Lanka export figures revealed that earnings fell to 434.8 million US dollars in August 2026, down from 469.6 million US dollars recorded in August 2025. Cumulative apparel export earnings for […]
The new product stack brings together Binance AI, Binance AI Pro, and Binance Agent OS to help people understand financial information, turn ideas into strategies, and build on Binance During a livestreamed event held recently, Binance Co-CEO Richard Teng and VP of Product Jeff Li unveiled Binance Intelligence, an AI product stack built into the […]
Sri Lanka’s tourism sector has crossed the 1.7 million arrival mark for 2026, with over 23,000 visitors registered during the first four days of October, but arrivals remain about 2% below last year’s pace as the industry enters its crucial winter season. According to the latest data released by the Sri Lanka Tourism Development Authority […]
The CSE indicated very dull and but volatile conditions yesterday as external and internal environmental factors continued to clog stock trading, market analysts said. Both indices reflected downward trends. The All Share Price Index went down by 151.47 points while the S and P SL20 declined by 32.27 points. Turnover stood at Rs 3.16 billion […]
The officials of the Export Development Board (EDB) have taken measures to promote the upcoming Sri Lanka Expo scheduled to be held from 14 th to 17 January 2027. Mangala Wijesinghe, Chairman and Chief Executive Officer of the EDB together with the Director General and a team of senior officials, recently met with Hanif Yusoof […]
Plans are underway to simplify Sri Lanka’s tax system for the upcoming year, making it both highly efficient and user-friendly, according to Deputy Minister of Economic Development Nishantha Jayawardena. Speaking at the official launch of the digital signature and paperless customs declaration system, the Deputy Minister emphasized that the government is taking decisive steps to […]
Sri Lanka’s Central Bank bought a net US$64.2 million in September, official data showed, amid depreciation pressure on the local currency that touched a four-year low in the May this year. The rupee fell 0.9 percent in September, the Central Bank has said. The Central Bank bought US$85 million from the domestic foreign exchange market […]
The absence of a staff-level agreement does not mean that the International Monetary Fund’s Extended Fund Facility (EFF) programme is off track, IMF Resident Representative for Sri Lanka Martha Tesfaye Woldemichael has said. Discussions can require additional time to reach agreement on key policies and parameters she told the Sampath Bank Economic Forum 2026. Sri […]
By Michelle Therese Alles The National Gem and Jewellery Authority (NGJA) is working on policy and regulatory reforms to boost Sri Lanka’s gem and jewellery industry, including relaxing regulations that may leave room for unlawful or unethical practices. Speaking at the launch of JEWELS 2026, the International Gem and Jewellery Exhibition and Competition organised by […]
Sri Lanka’s external current account recorded a surplus of $ 133 million in August following four consecutive months of deficits. The surplus was supported by the lower trade deficit compared to recent months, reflecting lower import expenditure. The current account recorded a cumulative deficit of $ 291 million during January-August, reflecting pressures on the external […]