Worker remittances for October continued to come in stronger against both a month ago as well as a year ago period helping both the foreign currency reserves and the rupee to remain strong.
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Private sector credit demand in September lagged from a recent high in the previous month.
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Behind the News
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Sri Lanka has recorded an 11.7% increase in workers’ remittances from January to October 2024 compared to the same period in 2023, according to latest figures released by the Central Bank of Sri Lanka (CBSL).
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Sri Lanka’s national tea sales average for October declined to Rs. 1,172.15 (US$ 4.02) per kilogram, down by Rs. 35.84 and US$ 0.02 compared with September’s Rs. 1,207.99 (US$ 4.04), according to data from the Sri Lanka Tea Board.
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Sri Lanka’s tourism industry is off to a robust start in November, with over 30,000 tourists arriving within the first five days of the month.From 1-5 November, the island nation welcomed 30,620 tourists, marking a 38% increase from the 22,202 arrivals during the same period a year ago.
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A new project aimed at establishing an integrated solid waste management system in the Uva and Northern Provinces is to be inaugurated. The Cabinet of Ministers on Monday approvedthis project
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Despite a whirlwind news week that saw Donald Trump regain the U.S. presidency and
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Dialog Axiata PLC announced, its consolidated financial results for the nine months ended 30th September 2024. Financial results included those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group (the “Group”).
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Chinese companies have been picked to construct nearly 2000 houses in Sri Lanka for low-income families under a Chinese Government funded program.
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