Construction sector continued to expand their activities through December 2024, extending their months-long expansion as reflected by the sector Purchasing Managers’ Index (PMI) for the month.
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Sri Lanka Purchasing Managers’ Index (PMI) for construction stood at 51.4 in December 2024, indicating a continued expansion in construction activities.
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The Sri Lankan government has officially lifted the temporary suspension on vehicle imports, which had been in effect since early 2020, through Gazette Extraordinary Notification No. 2421/44, dated January 31, 2025.
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Cabinet Spokesperson Minister Dr. Nalinda Jayatissa stated that the government has no intention of lifting the price control on rice.
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The Central Bank says that headline inflation deviation from the target in the second and third quarters of 2024 was due to transitory supply-side factors, especially significant reductions in energy prices.
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Sri Lanka Railways announced plans to introduce new train services to enhance tourism in the country, starting from February 01.
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Amidst several contradictory statements coming from the NPP government ministers over the ongoing rice shortage in the country, it has come to light that the government finds itself in a quandary since it has no accurate data on last year’s paddy production.
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Special investigation teams of the Consumer Affairs Authority (CAA) have raided several wholesale and retail outlets in Colombo District and detected 20 traders selling rice at prices exceeding the maximum retail price.
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The Colombo High Court has moved to February 21 to deliver its decision pertaining to the reply submissions by the Bribery Commission in relation to the case filed against former Central Bank Governor Ajith Nivard Cabraal and a group of defendants.
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Sri Lanka’s apparel exports in 2024 grew by 5% to $ 4.76 billion as per provisional data released by the Joint Apparel Association Forum.
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