Sri Lanka’s Purchasing Managers’ Index (PMI) for January 2025 recorded growth in both manufacturing and services sectors.
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Sri Lanka is on the verge of a major digital transformation as the government accelerates efforts to modernize the economy.
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In its February edition, business magazine LMD reports that “the optimistic outlook for economic sentiment prevails as confidence strengthens amid positive trends.”
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The poultry industry recently called on the Government to remove or reduce the Rs. 25 per kilo tax on imported maize in the upcoming Budget, warning that failure to do so could lead to a sharp increase in the price of eggs and chicken during the Sinhala-Hindu
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Deputy Minister of Transport and Highways, Dr. Prasanna Gunasena, has clarified that reports suggesting the construction work on the Ruwanpura Expressway has been abandoned are entirely false.
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By First Capital Research
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Inflation could possibly hover around 2 percentage points above inflation target Headline inflation is forecast to converge to targeted 5% level over medium term, supported by implementation of appropriate policy measures Economic growth is expected to continue its rebound over medium term, although at a moderate pace
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India’s Adani Group has decided to withdraw its wind power deals with Sri Lanka, the company said in a letter to the island nation’s Board of Investment (BOI), after Colombo’s recently elected government was preparing to renegotiate the project for a lower price.
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Manila-based Asian Development Bank is in talks to finance Sri Lanka with 900 million US dollars in 2025, after providing 808 million in 2024, to help the country emerge from an economic crisis, officials said.
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The country’s vehicle assembly and spare parts manufacturing industry has made significant progress over the past four years, increasing export income by USD 450 million, according to Deputy Minister of Industry and Entrepreneurship Development, Chaturanga Abeysinghe.
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