Tourism
More than 168,000 visitors arrived in October, beating a record set in 2018. But the country still needs another 838,000 in the last two months of the year to reach its 2.7 million target.
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Brent crude rebounded on Wednesday as fresh strikes on tankers in and around the Strait of Hormuz offset a surge in OPEC+ output. For oil-importing Asia, the conflict is already showing up in fuel bills and inflation.
Consumer prices in the United States rose faster than expected in October, and traders now expect the Federal Reserve to raise rates in December. With Europe also tightening, Asian economies face a stronger dollar and costlier money.
Transport and restaurant prices drove consumer inflation in Colombo higher again in October, putting it well above the central bank's new 5% target ahead of the 20 November policy decision.
The HSBC India Manufacturing PMI slipped to 54.7 from 55.1, as domestic demand cooled. Strong overseas orders and the gentlest price rises in nearly four years softened the picture.
Electronics, spices and rubber are carrying Sri Lanka's export growth this year, while the two traditional pillars — garments and tea — are slipping, with tea sales to the Middle East hit hard by the conflict in the region.
3 storiesMarketsColombo Shares Hold Above 22,000 a Day After Reclaiming the MilestoneFrancisco Gonzalez · CC BY 2.0
7 storiesEconomySri Lanka Welcomes Its Busiest October Ever, Led by Visitors From IndiaMark D · CC BY-SA 2.0
1 storyPoliticsPublic-Funds Case Against Former President Wickremesinghe Put Off to 9 DecemberPierre Blaché · CC0
4 storiesFinanceData Centres Dominate Southeast Asia's Startup Funding Rebound as India CoolsKen Lund · CC BY-SA 2.0
3 storiesTradeOil Holds Near $93 as Tanker Attacks in the Strait of Hormuz ContinuePetar Milošević · CC BY-SA 4.0
2 storiesTechData Centres Dominate Southeast Asia's Startup Funding Rebound as India CoolsPeter Shanks · CC BY 2.0
1 storyEnergyOil Holds Near $93 as Tanker Attacks in the Strait of Hormuz ContinuePartonez · CC BY-SA 4.0
3 storiesIndustrySri Lanka Flies Its First Passenger Drone at Colombo Port CityAlfred T. Palmer · Public domain
1 storyPropertyChina's Housing Market Sends Mixed Signals Ahead of Official October FiguresKidfly182 · CC BY 4.0
1 storyStartupsData Centres Dominate Southeast Asia's Startup Funding Rebound as India CoolsVmuru · CC BY-SA 4.0
1 storyAgricultureHeavy Rain Warning as Sri Lanka's Maha Paddy Season Gets Under WayJialiang Gao · CC BY-SA 3.0
1 storyCultureSri Lanka Welcomes Its Busiest October Ever, Led by Visitors From IndiaJulia Kado · CC BY-SA 4.0The day in four figures
