The Central Bank of Sri Lanka (CBSL) reports a 17.9% increase in foreign worker remittances for May 2025, bringing total remittances for the January–May period to US$ 3.1 billion.
Tourism earnings for May are estimated at US$ 164 million, contributing to a cumulative total of US$ 1.5 billion over the past year—highlighting a steady recovery in the tourism sector.
In terms of imports, US$ 118 million was spent on vehicle imports in May, with a total of US$ 312 million recorded from January to May 2025.
Sri Lanka’s gross official reserves remain stable at US$ 6.3 billion, maintaining the same level as in April.
On the domestic front, construction activity rebounded in May after a slowdown in April due to the festive season. The Sri Lanka Buyers Index rose to 59.7 points, signaling increased activity—especially in road development, which saw a notable rise in new project awards.
(dailynews.lk)
(Except for the headline, this story, originally published by dailynews.lk has not been edited by SLM staff)
