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.
Sri Lanka’s merchandise exports in 2022 posted US $ 13.07 billion, up by 5% from 2021 sustaining its resilience, but fell short $ 1.03 billion from the set target of $16 billion.
The Ministry of Tourism is taking measures to re-enter the meetings, incentives, conferences and exhibitions (MICE) market as the country opens for tourism amid an economic crisis in the aftermath of Coronavirus pandemic.
