Connect with us

News

Country’s services exports jump by 55.6 percent

Published

on

Sri Lanka’s services exports have recorded a substantial growth, surging by 55.6 percent to reach USD 2,304 million by end of last month compared to first nine months of 2022, as reported by the Export Development Board (EDB). Services exports include services such as ICT/BPO, construction, financial services, transport, and logistics.

In September, the EDB revealed that services exports up to August had increased by 12.9 percent to USD1, 409 million. However, in September, services exports saw a growth of USD 985 million, marking a 39 percent rise. The exact reason for this significant surge hasn’t been disclosed.

In the broader context of Sri Lanka’s export performance, earnings of both goods and services combined for the nine months leading up to September 2023 was USD11,262 million, a marginal decrease of 1.8 percent compared to the previous year.

Services exports do not encompass remittances. In the same period, official remittances showed impressive growth, surging by 68 percent to USD 4,345 million in the first nine months, EDB said.

This surge brought the total inflows, excluding tourism, to USD 15,610 million—a significant 68 percent increase from the previous year.This report does not include data related to tourism.

In terms of imports, they reached USD10, 974 million up to September 2023. The decline in imports was influenced by a slowdown in private credit and a halt in money printing.

Other significant outflows include tourism, remittances, interest payments on borrowings, dividends, and net debt repayments. These figures provide a comprehensive overview of Sri Lanka’s evolving economic landscape, reflecting both challenges and opportunities.



News

Navy brings fisherman in distress off Pothuvil, ashore

Published

on

By

The Sri Lanka Navy rescued a fisherman from a local fishing trawler that encountered distress due to adverse weather conditions off the eastern coast of Sri Lanka.

The rescue operation took place on 17 July 2026, approximately 15 nautical miles off Pothuvil.  The operation was launched following information received by the Maritime Rescue Coordination Centre (MRCC) Colombo.

In response, the Sri Lanka Navy deployed the Offshore Patrol Vessel SLNS Vijayabahu along with additional craft to conduct a search operation in the designated sea area, where they successfully located the distressed fisherman.

Following the rescue, the individual was brought aboard SLNS Vijayabahu, where naval personnel administered preliminary first aid. He was subsequently brought to the mainland and rushed for further medical attention.

Meanwhile, the Navy, along with the coordination of MRCC Colombo, remains constantly prepared to swiftly respond to the eventualities faced by maritime and fishing communities operating within the island’s Search and Rescue Region (SRR).

Continue Reading

News

Dengue outbreak gallops ahead: Infections surpasses 73,455, leaving 50 dead

Published

on

The countrywide dengue outbreak has intensified, with the death toll rising to 50, by July 16, as the number of reported infections surpassed 73,000, according to the National Dengue Control Unit (NDCU).

The country has recorded 73,455 dengue cases so far this year, with the case fatality rate standing at 0.07 percent, highlighting the severity of the ongoing outbreak.

The Western Province continues to remain the worst affected region, accounting for more than half of the total cases, with 38,700 infections. The Gampaha District has recorded the highest number of cases in the province with 15,341, followed closely by Colombo with 14,625.

The Southern Province has reported 11,382 cases, while the Sabaragamuwa and Central provinces have each recorded more than 6,000 infections.

Dengue cases have shown a sharp increase in recent months, with June recording the highest monthly total of 21,538 cases, while July has already reported 18,076 infections. In comparison, 8,590 cases were reported in May, and 5,651 in April.

Health authorities have identified 175 Medical Officer of Health (MOH) areas as high-risk locations during the 27th epidemiological week. An average of 2,677 new dengue cases are being reported daily, prompting authorities to intensify prevention and mosquito control measures.

Continue Reading

News

Evidence recorded in money laundering case against Yoshitha Rajapaksa

Published

on

Yoshitha

The Colombo High Court yesterday (17) resumed hearing the money laundering case filed against Yoshitha Rajapaksa, son of former President Mahinda Rajapaksa, under the Prevention of Money Laundering Act.

The proceedings were held before High Court Judge Udesh Ranatunga, where evidence was recorded from prosecution witnesses, under the direction of Deputy Solicitor General Janaka Bandara.

President’s Counsel Sampath Mendis, appearing for Yoshitha Rajapaksa, cross-examined the witnesses during the hearing.

After recording evidence, the court ordered that further examination of evidence be postponed until July 24.

The Attorney General has filed indictments, alleging that Yoshitha Rajapaksa committed an offence, under the Prevention of Money Laundering Act, by purchasing five plots of land in Dehiwala and Ratmalana, valued at more than Rs. 73 million.

Continue Reading

Trending