Workers clean glass panels at the West Tower of the World Trade Center in Colombo. A number of residential and mixed high-rise buildings are currently being built in Colombo with the country’s construction sector reviving after a temporary setback n 2015 (Reuters photo)
Recording a contraction for the 17th month in a row, Sri Lanka’s exports fell by 4.4 percent year-on-year (YoY) in July to US $ 891.2 million extending the first seven months’ contraction to 5.6 percent YoY to US $ 6.0 billion, the latest data released by the Central Bank showed.
The Japan International Cooperation Agency (JICA) has taken steps to grant Sri Lanka Rs.46.6 billion (JPY 33 billion) to enable the government to maintain financial stability, continue the development agenda within the next five years and achieve its development goals.
A man sits on a domestic gas tank while having his breakfast at a food stall on a road near a main market in Colombo. Sri Lanka’s inflation stood at 3.9 percent during the 12 months to September, edging down from 4 percent in August, helped by lower food prices (Reuters photo)
In order to promote and develop the domestic tourism of Sri Lanka, Sri Lanka Tourism Development Authority which is under the Ministry of Tourism Development and Christian Religious Affairs together with Sri Lanka Rupavahini Corporation is going to start an amazing and attractive TV travel programme soon.
Although private credit growth is expected to fall down to a manageable 20 percent by the end of this year and all macroeconomic targets are to be achieved, the Central Bank refused to rule out a rate hike over the next six months, while keeping rates unchanged during this month’s policy review.
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