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Sri Lank’s trade deficit hits a 12-year low in 2022

The deficit in the trade account in 2022 narrowed to the lowest level since 2010 to $ 5,185 million, from $8,139 million recorded in 2021. Earnings from exports in 2022…

Sri Lanka banks open Special Vostro accounts with Indian Banks to trade in INR

Sri Lankan banks opened special rupee trading accounts (SRVA) with Indian banks including the largest Indian Bank, State Bank of India (SBI) to conduct bilateral trade in Indian Rupees following…

Sri Lanka economy contracts 1.5% in 3Q

(Reuters) – Sri Lanka’s economy shrank 1.5% in the third quarter from a year earlier due to a third COVID-19 wave that peaked in August hitting industries and services, the government…

Pakistan Pitches China-backed CPEC to Sri Lankan Investors

Pakistan’s Prime Minister Imran Khan who’s currently on his maiden official visit to Sri Lanka has invited Sri Lanka’s business community to invest in the $46 billion China-Pakistan Economic Corridor (CPEC)…

Protectionism To Rise In 2021 States Attempts To Stimulate Domestic Recovery – Economist

Governments in 2021 are likely to ramp up protectionist economic measures in a bid to stimulate domestic recovery from the COVID-19 pandemic despite the interests of the private sector lying elsewhere, Kathmina…