Date: 25 February 2018
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Sri Lanka wildlife assets showcased in China
Posted on 01 Jan 1970

ECONOMYNEXT - Sri Lanka's wide variety natural assets concentrated on small area island ranging from blue whales to leopards, which makes it one of best all-around destinations in world for wildlife in the world was showcased to a Chinese audience, the consulate in Guangzhou said.


Gehan de Silva Wijeyeratne, a wildlife author who has helped popularize and take to a wide audience Sri Lanka's unique wildlife resources inclu... Read More ^

Sri Lanka to seek tourism, private investments, at fishery harbours
Posted on 01 Jan 1970

ECONOMYNEX - Sri Lanka will seek private investments to start joint ventures at fishery including tourism services which will increase commercial activities at fishery harbours around the island.

The new ventures will be set up with international and domestic investors and the fishery community.

Diversifying into new commercial activities will expand jobs at harbours and anchorages and also create entrepreneurs among fishing communities, ... Read More ^

Sri Lanka’s seafood exports up 42-pct in 2017
Posted on 01 Jan 1970

ECONOMYNEXT – Earnings from Sri Lanka’s sea food exports rose 42% to US$ 241 million in 2017 from a year ago, according to central bank data.

Seafood exports rose 23.5% to $21.5 million in December 2017 alone from the previous year.  

“Earnin... Read More ^

Sri Lanka’s textiles, garments exports exceed US$5bn in 2017
Posted on 01 Jan 1970

ECONOMYNEXT – Sri Lanka’s textiles and garments exports exceeded US$5 billion in 2017, up 3.0% from 2016 with earnings in the month of December alone up 19% after the resumption of duty free shipments to the European Union earlier that year. 

Textiles and garments exports rose 19.4% to US$470 million in December 2017 from a year ago, according to central bank data.  

“Recording the highest value for the ye... Read More ^

Sri Lanka issues over 25,000 visas for expat professionals, skilled workers
Posted on 01 Jan 1970

ECONOMYNEXT - Sri Lanka has issued over 25,000 visas for professionals and skilled workers to work in the country, a media report said, amid skill and labour shortages cropping up in many sectors.

Controller General of Immigration and Emigration in Sri Lanka Nihal Ranasinghe was quoted as saying in the Daily Mirror newspaper that in view of fast growth in some sectors the border agency was trying to approve visas without being too restrictive.

However there has been complaint... Read More ^

Sri Lanka economy stabilizing, gaining investor confidence: CB Governor
Posted on 01 Jan 1970

ECONOMYNEXT - Sri Lanka's economy is on a stabilizing path and gaining confidence of investors and domestic interest rates are also falling, Central Bank Governor Indrajit Coomaraswamy said.

"The economy continues to stabilize in broad terms," Coomaraswamy told reporters.

He said budget were improving with the deficit coming down and heading for a surplus in the current account.

He said the International Monetary F... Read More ^

Foreign investors buy US$570mn dollars of Sri Lanka stocks, bonds
Posted on 01 Jan 1970

ECONOMYNEXT - Sri Lanka's government bond and stock markets have seen 572 million US dollars flow in up to December 26, 2017, the central bank said.

Foreign investors had bought 452.1 million US dollars of government bonds and 120.1 million US dollars of stocks.

In 2015 Sri Lanka experienced capital flight as the central bank printed money to worsen a credit bubble leading to a currency collapse.

Sri Lanka is expec... Read More ^

France to help Sri Lanka build mini dairy network
Posted on 01 Jan 1970

ECONOMYNEXT - France will give a 13.9 million Euro concessional loan to Sri Lanka to build six hi tech mini dairies which can process up to 4,500 litres of milk a day, the Finance Ministry said.

The mini dairies with computerized monitoring will be able to produce homogenized pasteurized and sterilized milk. They will be operated with diary co-operatives.

A French non-profit organization will also provide technical assistance to farmers to improve breeding.

Read More ^
Sri Lanka's Colombo moves to 25 among container ports
Posted on 01 Jan 1970

ECONOMYNEXT - Sri Lanka's Colombo Port has moved up two places to become the 25th busiest container port, next to Vietnam's Ho Chi Minh City, helped by a Chinese run terminal, a global ranking has shown.

In 2016 Colombo's volumes grew 10.6 percent to 5.734 million twenty foot equivalent units (TEUs) helping it overtake Bremen/Bremerhaven (5.535 mn) in Germany and Tanjung Prion (5.515mn) in Indonesia, in a ranking of top 100 container ports by Lloyd's List.

"The significant ri... Read More ^

EU bemoans SL’s broken promises
Posted on 01 Jan 1970
  • Says lack of action to repeal PTA a concern 
  • Urges Government to move on the matter after budget process 
  • Says SL should diversify products exported to EU market 
  • Encourages SL to explore new EU markets 

 

By Chathuri Dissanayake

The visiting European Union Parliamentary Delegation yesterday expressed its “disappointment&... Read More ^