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Apparel sector ends 2022 with 22 percent growth in exports
Sri Lanka’s apparel sector has ended 2022 with 22% growth in exports to US $ 5.6 b and higher than pre-COVID’s $ 5.3 b but suffered dip in YoY growth in last quarter
Sri Lanka’s external sector performance remains resilient in 2022
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.
Energy Ministry CEB and PUCSL in a no win tug of war
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 set to regain momentum
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.
JKH urges the government to expedite public sector reforms
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.