Tag: Sri Lanka
Sri Lanka and Japan enters in to a new partnership
September 09, 2014 (LBO) – Sri Lanka and Japan enters into a new partnership to enhance the cooperation in the maritime field recognizing Sri Lanka’s potential as a maritime nation in the Indian Ocean, a statement said. Joint Statement between Sri Lanka and Japan 1.The Prime Minister of Japan, His Excellency Shinzo Abe, paid an […]
‘s inflation at 4.5-pct in August 2014: Central Bank
August 30, 2014 (LBO) –Sri Lanka inflation continued its decelerating trend observed since June 2013 and reached 4.5 per cent in August 2014 compared to 4.7 per cent in July 2014, on an annual average basis the Central bank of Sri Lanka said in a media release. Within the Non-food category, prices of items in […]
Sri Lanka and Seychelles is set to promote investments
August 29, 2014 (LBO) – Sri Lanka signed a Memorandum of Understanding with Seychelles in order to promote investment and business opportunities among the both countries. Through the MOU the two investment promotion agencies will share information to develop investments, Lakshman Yapa Abeywardane, Minister of Investment Promotion said. It will also build relationship between investors […]
Sri Lanka inflation decreased to 3.5-pct in August 2014
August 29, 2014 (LBO) – Sri Lanka’s consumer prices dropped 3.5 percent in the 12 months to August 2014, with inflation compared to 3.6 percent in July, official data showed.During the month the Colombo Consumer Price Index dropped 0.05 percent on top a 1.0 percent rise in July, the state statistics office said. Sri Lanka’s […]
Protection urged for Sri Lanka war crimes witnesses
COLOMBO, August 27, 2014 (AFP) – International rights groups have demanded protection for potential Sri Lankan witnesses at a UN-mandated war crimes investigation into the island’s ethnic war which ended five year ago.Six organisations in a joint letter expressed alarm over alleged intimidation, threats and reprisals against those likely to engage investigators probing the bloody […]
’s to set up businesses in the island
Aug 27, 2014 (LBO) – Sri Lanka invites japan small and medium entrepreneurs to set up manufacturing facilities in the island to explore Indian and Pakistan markets, an official of Ceylon Chamber of Commerce said. As for imports Japan ranks at sixth supplying four percent of Sri Lanka’s total imports. The top three Lankan exports […]
Lower external funding needs buffer, EM Asia heading into US tightening : by Fitch
A year after the taper tantrum, emerging Asian sovereigns with the biggest external funding needs are generally reducing their degree of external vulnerability, although only modestly in most cases. Fitch projects Sri Lanka (BB-/Stable) will cut its gross external funding requirement (GXFR) the most between 2012 and 2014, relative to its foreign reserves, despite the […]
Sri Lanka FDI flows reach $817mn in the first half 2014
August 21,2014 (LBO) – Foreign direct investment flows to Sri Lanka in the first half of 2014 reached 817 million US dollars up 51 percent and the full year was expected to bring 2.5 billion US dollars, investment promotion minister Lakshman Abeywardena said. The money had come mainly from Krrish, Indian mixed development projects and […]
Sri Lanka facilitates infrastructure to attract investors into rural
Aug 20, 2014 (LBO) – Sri Lanka to open up five factories in every district in the county and to widen the facilities for investors who goes into the rural areas, a minister said. The country is targeting a 7000 US dollar per capita income by 2020 and expecting 4000 US dollar per capita income […]
Sri Lanka again delays dig at suspected mass grave
COLOMBO, August 18, 2014 (AFP) – Sri Lankan officials on Monday sought more time to exhume a suspected mass grave in a former war zone after failing to secure the services of forensic experts.Some of the Tamil guerrilla leaders linked to atrocities have defected to the government since the conflict ended, and there have been […]
Sri Lanka to refuse entry to UN investigators: president
COLOMBO, August 19, 2014 (AFP) – Sri Lanka will not grant visas to UN investigators probing war crimes allegedly committed during the island’s decades-long separatist conflict, President Mahinda Rajapakse said Tuesday.“We will not allow them into the country,” said Rajapakse, who is under international pressure to cooperate with the UN-mandated investigation. Sri Lanka has refused […]
Sri Lanka policy rates to be steady: Central Bank
Aug 15, 2014 (LBO) Sri Lanka unchanged a policy rate corridor at 6.5 to 8.0 percent in order to remain broadly on target in 2014 with low inflation the Central Bank in its August monetary policy review. Credit to private sector has grown by eight million rupees in June although the private sector credit growth […]