Sri Lanka’s economy grew by 4.8 per cent year on year (YoY) in the fourth quarter (Q4) last year, with lower inflation and exchange rate stability leading to a full year growth of an estimated 5 per cent at constant prices, according to the Department of Census and Statistics under the Ministry of Finance, Planning and Economic Development.

The economy grew by 5.6 per cent in Q4 2024 at constant prices.

Sri Lanka’s economy grew by 4.8 per cent YoY in Q4 2025, with lower inflation and exchange rate stability leading to a full year growth of an estimated 5 per cent at constant prices, official statistics show.
The economy grew by 5.6 per cent in Q4 2024 at constant prices.
The industrial sector grew by 7.8 per cent YoY in Q4 2025 .
At current prices, the 2025 GDP grew by 8.8 per cent.

At current prices, GDP grew by 8.8 per cent last year.

“The economic climate surrounded in 2025 was favourable for a solid economic performance through few aspects; entrepreneur friendly inflation started to rise early in the third quarter of 2025 coupled with the mostly stabilize exchange rate amid continuously decreasing interest rate,” the department said in a release.

The industrial sector grew by 7.8 per cent YoY in Q4 2025.

Fibre2Fashion News Desk (DS)

The Department of Science and Technology-Philippine Textile Research Institute (DOST-PTRI), in collaboration with DOST Region 12, is set to launch the Regional Yarn Production and Innovation Center (RYPIC) in Cotabato, marking a major step toward revitalising Mindanao’s textile sector, according to a DOST-PTRI press release.

The facility will process natural fibres such as abaca, banana and pineapple into high-quality yarn, addressing long-standing challenges faced by local weavers who have relied on imported materials. This initiative is expected to create new markets for agricultural produce while providing additional income streams for farmers.

The DOST-PTRI, with DOST Region 12, will establish the Regional Yarn Production and Innovation Center in Philippine’s Cotabato to process natural fibres into yarn and support Mindanao’s textile industry.
The facility aims to boost farmer incomes, reduce reliance on imported yarn and strengthen local weaving communities through training, technology transfer and improved supply chain infrastructure.

During the first-quarter meeting of the Regional Research, Development, and Innovation Committee, Evangeline Flor P. Manalang, chief science research specialist of DOST-PTRI’s Technical Services Division, stated “The RYPIC will serve as a key facility to process our natural fibers into yarn and open opportunities for skills training among farmers and local stakeholders.” She also emphasised the project’s role in building a sustainable textile ecosystem in Soccsksargen.

The RYPIC complements existing facilities such as the Natural Textile Fiber Innovation Hub at Sultan Kudarat State University and forms part of broader national programmes including the Clothing and Textile Research Innovation and Investment Agenda (CATRINA) and the FRONTIER initiative. These efforts aim to strengthen the domestic textile value chain, reduce reliance on imports and support the government’s push to expand Telang Pinoy, as highlighted by President Ferdinand R. Marcos Jr. in his fourth State of the Nation Address.

Fibre2Fashion News Desk (JP)