The garment industry is to expect a “really tough” first half next year with the US, Sri Lanka’s single biggest buyer of garments, heading deeper into recession. “The impact of the US recession will hit us in the first half of next year.
Net foreign inflows may be the highest ever to-date in the Colombo Stock Exchange (CSE) but the majority of the foreign investors do not 'enhance' the value to the market as they are one time investors, stock analysts said.
