Radi

Sri Lanka’s external sector performance has been resilient with high export earnings, decline in imports, lowests trade deficit, moderate foreign remittances and recovery in tourism in 2022.

Sri Lanka’s proposed electricity price increase for the second time in five months by around 60 to 65 percent in accordance with the pricing formula has resulted in a tug of war due to the single handed protest of Public Utilities Commission chairman Janaka Rathnayake.

Sri Lanka’s capital market is set to regain momentum with improvements on the macroeconomic side and once the economic reform process gets going, with external funding lines getting activated, resulting in better performance, equity market sources revealed.

Diversified blue chip John Keells Holdings (JKH) yesterday reported impressive growth in revenue and operating profit for the third quarter but profit before tax (PBT) was impacted by much higher interest costs in comparison to a year earlier.

Sri Lanka recorded a deficit in the merchandise trade account narrowed to US $ 358 million in December 2022, from $1,085 million recorded in December 2021, helped by a larger decline in imports, compared to the decline in exports, Central Bank announced.