Tag: Sri Lanka
Central Bank says Sri Lankan Rupee was relatively stable in 2014
Jan 05, 2014 (LBO) – Sri Lanka’s Rupee was relatively stable amidst the volatility in the international currency market, the Central Bank has said. Now, in the normal condition that we have been used to, all those appreciations would have depreciated,” Nivard Cabraal , Governor of Central Bank said. “But this has taken place at […]
’s economy grew 7.8 pct in 2014 and targets 8 pct growth in 2015: Central Bank
Jan 03, 2014 (LBO) – Sri Lanka’s economy grew about 7.8 percent in 2014, the Central Bank Governor Ajith Nivard Cabraal said. Exports grew 10 percent to 11.5 billion US dollars in 2014. Textile and Garment, Tea and Coconut mainly contributed to the growth in exports. Imports increased 7.8 percent to 19.4 billion US dollars […]
’s Samurdhi payments are mostly politically driven: Governor
Jan 03, 2014 (LBO) – Sri Lanka’s Governor Nivard Cabraal said that Island’s Samurdhi (prosperity) income re-distribution scheme is mostly politically driven. The poverty headcount ratio have declined and recorded 6.7 percent in 2012/2013 data showed. It was reported 8.9 percent ratio in 2009/2010. In the western province, where infrastructure is plentiful and markets accessible, […]
‘s inflation is at 2.1-pct in December 2014: Central Bank
Jan 01, 2015 (LBO) –Sri Lanka inflation up to 2.1percent in December 2014 from to 1.5 percent in November 2014, the Central bank of Sri Lanka said in a media release. The data is based on the change in the Colombo Consumers’ Price Index (CCPI) (2006/07=100), which is computed by the Department of Census and […]
Sri Lanka‘s Colombo Stock Exchange records 105.8 million foreign purchases in 2014
Jan 01, 2015 (LBO) – Sri Lanka’s Colombo stock exchange (CSE) has reported 105,812. 5 million rupees of foreign purchases as at 31st December 2014, the CSE said in a media release. In 2014 the S&P SL20 crossed the 4000 mark for the first time since its launch, market capitalization reached 3 trillion rupees closing […]
’t remove army barriers from North: Maithripala
Jan 01, 2015 (LBO) –Sri Lanka’s common opposition Presidential candidate Maithripala Sirisena said, that his government would not remove the military barriers from one war ravaged Northern parts of the island.
Korea Exim bank to loan USD 79 mn for water supply projects in Sri Lanka
Dec 31, 2014 (LBO) – The Export-Import Bank of Korea signed a total 79 million dollars’ worth Economic Development and Cooperation Fund (EDCF) loan agreement with the Ministry of Finance and Planning of Sri Lanka to decrease the incidence of water borne diseases. The fund will be allocated to set up water supply systems in […]
’s Central bank to provide 12 pct interest scheme for senior citizens
Dec 30, 2014 (LBO) – Sri Lanka’s Central Bank to provide 12 percent annual interest rate scheme for deposits of citizens over 60 years of age, who maintain fixed deposits totaling up to 2,500,000 rupees in licensed banks, will be eligible to receive an annual interest income of up to 300,000, rupees with effect from […]
Sri Lanka Muslim Party to support Maithri
Dec 29,2014 (LBO) – Sri Lanka’s main Muslim party, Sri Lanka Muslim Congress Sunday quit the government and pledged support to the opposition Candidate Maithripala Sirisena at the forthcoming Presidential Election, a media report said. Muslims, the second largest minority in the island after Hindu Tamils, account for about 10 percent. Sri Lanka Muslim Congress […]
Opposition presidential candidate Sirisena says the govt has not given enough freedom for businesses in Sri Lanka
Dec 24, 2014 (LBO) – Opposition’s common presidential candidate Maithripala Sirisena said that the government had not given enough freedom for business community of Sri Lanka to do business activities and entertain only certain businesses who supported government policy regime. œNeither the OPEC nor any other international guru or super economist couldn’t predict the oil […]
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Dec 24,2014 (LBO)- Sri Lanka’s opposition leader Ranil Wickremesinghe said that he would deal directly with the International Monetary Fund (IMF) in Washington instead of dealing with the ˜local jokers’ if they formed a new government. He made this comment speaking about the IMF Fund assessment which was okay with the exchange rate. œYou are […]
SriLankan Airline and Mihin Lanka had become White Elephants: Maithri
Dec 24, 2014 (LBO): Sri Lanka’s State-run SriLankan Airlines and Mihin Lanka, a budget airline had become White Elephants, destroying the money of the common man, common opposition Presidential candidate Maithripala Sirisena said. œMihin Air is a massive national robbery which has been done openly, Sirisena said at a business forum yesterday. œThis was done […]