Category: Economy
‘s inflation declines further to 0.1-pct in March 2015: Central Bank
April 01, 2015 (LBO) – Sri Lanka inflation declined to 0.1 percent in March 2015 from 0.6 percent in February on year-on-year basis as a result of the moderation of food prices during the month, the Central Bank said in a media release.The data measured by the change in the Colombo Consumers’ Price Index (CCPI) […]
Sri Lanka’s political parties should agree on a common long-term plan: PM
Mar 31, 2015 (LBO) – Sri Lanka’s politicians and parties should think of a common long-term plan to pursue its vision of becoming a successful knowledge based economy in the region, Prime Minister Ranil Wickremesinghe said.“We have to agree on a common 20 year plan to drive the island towards a knowledge based economy through […]
‘s inflation at record low of 0.1-pct in March
Mar 31, 2014 (LBO) – Sri Lanka’s consumer prices falls to 0.1 percent in March 2014 from a year earlier, against the 0.6 percent in February, the central bank said. The Colombo Consumer Price Index dropped 0.4 percent in the month, after dropping from 2.3 percent in February. The Index dropped 0.4 percent in the […]
Sri Lanka to grow as a knowledge based economy: Doors open for private sector : Eran Wickramaratne
Mar 30, 2015 (LBO) – Sri Lanka’s future should be based on a knowledge based industry which will enable the Island to attract more investors, deputy Minister of highways, higher education and investments promotions, Eran Wickramaratne said. “One of the challenges for investors in Sri Lanka is access to skilled labour and the island’s education […]
Sri Lanka’s President Sirisena calls for a new thinking on Asian growth strategy
Mar 29, 2015 (LBO) – Sri Lanka’s President Maithreepala Sirisena calls for a new thinking on growth strategy and more cooperative partnership among the community of Asia.He was speaking yesterday at the economic conference “Boao Forum for Asia 2015” held in Hainan island , China’s south and said there is an ever-growing disparity among the […]
Sri Lanka to get Chinese funded hospital for kidney patients; China to support SL on alleged human rights issues
Mar 27, 2015 (LBO) – Sri Lanka will get aid from the Government of China to build a hospital with all the modern facilities to cater to patients with kidney diseases, president Sirisena’s office said in a media release.The Chinese President Xi Jinping has agreed to provide assistance to build the hospital at the request […]
Sri Lanka’s government urge private sector wage increase: Plans not to legislate
Mar 26, 2015 (LBO) – Sri Lanka’s new rulers urged the private sector to come up with a solution to increase wages and says the government would not like to force it to be legislated, Deputy Minister of Finance and Planning Harsha De Silva said.“We are in a really dilemma right now having delivered 100 […]
Sri Lanka gets US$400mn currency swap from Reserve Bank of India
Mar 26, 2015 (LBO) – Sri Lanka’s Central Bank yesterday signed a 400 million US dollar currency swap agreement with the Reserve Bank of India (RBI), where it would allow the Central Bank to draw funds in US dollar or Euro in multiple tranches, the RBI said in a media release. The agreement is valid […]
Sri Lanka lacks skilled labor force to support socio- economic demands: Deputy Minister
Mar 25, 2015(LBO) – Sri Lanka needs to create a skilled labour force who will be able to compete with international markets in the phase of implementing new regime’s social market economy, Deputy Minister of Finance and Planning Harsha De Silva said.“We need a radical change in grade one admission in school and go beyond […]
‘s new regime’s political model to bring political stability without authoritarianism: Harsha De Silva
Mar 25, 2015 (LBO) – Sri Lanka’s new government is trying to create political stability without been authoritarian, a political model that Singapore followed, Deputy Minister of Policy Planning and Economic Affairs Harsha De Silva said. “If you look at Singapore, what you find is a government that was strong. But some people use that […]
Sri Lanka’s BOP records deficit of US $ 695.5mn: Central Bank
Mar 24, 2015 (LBO) – Sri Lanka’s Central Bank said the Island reported a Balance of Payment or BOP deficit of 695.5 million US dollars in 2014 compared to a surplus of 732.9 million US dollars, a year earlier. Worker’s remittances declined 5.8 per cent to 523.5 million US dollars in January 2015 from a […]
Sri Lanka’s exports increase 0.6-Pct in Jan 2015: Central Bank
Mar 24, 2015 (LBO) – Sri Lanka’s export earnings rose 0.6 per cent to 910 million US dollars in January 2015 form a year earlier led by industrial exports, the Central bank said.Earnings from industrial exports increased by 0.9 per cent due to an increase in export of petroleum products, machinery and mechanical appliances and […]