Tag: Finance
’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 […]
Sri Lanka policy rates kept steady, market rates up: CB
Dec 16, 2011 (LBO) – Sri Lanka’s active polity rate at which cash is injected to the market would be maintained at 8.50 percent, the Central Bank said, as defence of a dollar peg pushed market rates up. The central banks said the trade deficit was higher this year. The central bank said there would […]
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Dec 07, 2011 (LBO) – Sri Lanka’s state-run water supply agency has found about 15,000 suspected points where water is stolen in the island’s capital Colombo where 48 percent of the supplied water brings no revenue, an official said. About 30 percent of Sri Lanka’s Water Supply and Drainage Board is ‘non-revenue’ water but in […]
Sri Lanka policy rates steady
June 14, 2011 (LBO) – Sri Lanka’s central bank kept policy rates steady in June, saying credit peaked in April and money supply expansion may ease, and international commodity prices are also stabilizing, which will help inflation.Sri Lanka’s 12 month inflation fell to 8.8 percent in May from 9.8 percent in April and remains one […]
Sri Lanka Ports Authority loses US$10mn in 2010
June 12, 2011 (LBO) – State-run Sri Lanka Ports Authority has lost 1.1 billion rupees in 2010 partly due foreign exchange losses on Yen loans and a rising wage bill despite revenues rising 19 percent to 28.2 billion rupees, official data showed. The newspaper quoted SLPA additional managing director Norman Weerarathne as saying that 2,398 […]
Sri Lanka to change price index basket next year
Dec 19, 2009 (LBO) – Sri Lanka will change the basket of goods in its most widely watched price index from next year and re-base it to reflect consumption patterns of a newer survey, an official said.The revised index itself was made ‘official’ suddenly at the height of an inflation bubble in April 2008, when […]
Sri Lankan migrants intercepted off Indonesia
BANDA ACEH, May 14, 2009 (AFP) – Fifty-five Sri Lankan migrants were intercepted Thursday off the coast of western Indonesia as they tried to reach Australia to look for work, police said.Fishermen found the migrants, men aged from 25 to 30, aboard a damaged wooden boat two kilometres (just over a mile) from the coast […]
Sri Lanka negotiating US$1900mn facility from IMF: Central Bank
March 04, 2009 (LBO) – Sri Lanka has asked for a 1,900 million US dollar balance of payments support facility from the International Monetary Fund (IMF), and the first tranche was expected later this month, the central bank said. Sri Lanka also got support from the IMF after the Indian Ocean tsunami hit the country […]
Sri Lanka cautioned by Japan on military breakthrough
TOKYO, January 5, 2009 (AFP) – Japan, Sri Lanka’s top donor, was cautious Monday after the Tamil Tiger rebels’ capital fell, with an official saying that only a political solution could resolve the island’s ethnic war. Sri Lankan President Mahinda Rajapakse, part of the Sinhalese majority, vowed in a New Year’s address to crush the […]