Category: Commodity
Sri Lanka to get USD165mn credit to up access to piped water servicers
June 29, 2015 (LBO) – The World Bank Board has approved a 165 million US dollars credit for Sri Lanka to increase access to piped water services and improved sanitation in the Mullaithivu, Kilinochchi, Nuwara Eliya, Badulla, Monoregala, Kegalle and Ratnapura Districts. The bank says around 450,000 people are expected to benefit under the project, […]
Plantation Association says can’t afford worker wage hike: Offers productivity linked model
June 25, 2015 (LBO) – Sri Lanka’s planters association said that they have offered a productivity based wage model than just increasing the wage which will incur further losses for the companies, so that high performing pluckers would earn more. “All over the world tea wages are based on productivity,” Roshan Rajadurai, Chairman of The […]
Sri Lanka’s pepper to discover Chinese market
June 17, 2015 (LBO) – Sri Lanka’s pepper or the king of spices to enter into Chinese market, with a view to diversify markets-and to cash in on the emerging Far-East, Export Development Board said. “Compared to many other black peppers around the world, Lankan pepper has higher “piperine” content taken for dietary applications” Yousuf […]
Sri Lanka’s inflation at 0.2-pct in May 2015
May 29, 2015 (LBO) – Sri Lanka’s consumer prices rose 0.2 percent in May 2015 from a year earlier, against the 0.1 percent recorded in April, the central bank said. The Colombo Consumer Price Index (CCPI) accelerated 0.7 percent in the month, after recording a 0.2 percent acceleration in April.CCPI increase was mainly caused by […]
Sri Lanka forex reserves rise to US$7.0bn in September
Sept 25, 2013 (LBO) – Sri Lanka’s forex reserves rose to 7.0 billion US dollars by September 23, 2013 up from 6.3 billion in July, boosted by capital inflows, the Central Bank said. Sri Lanka’s state-run National Savings Bank raised 750 million US dollars in September. In money market excess rupee reserves of banks rose […]