Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka becomes one of Asia's fastest growing economies - report
Mon, Apr 14, 2014, 11:45 pm SL Time, ColomboPage News Desk, Sri Lanka.

Apr 14, Colombo: Sri Lanka's economy grew at a rate of 7.2% over the past financial year, making the island one of Asia's fastest-growing markets after China, The Financial Times of London reported.

The successful issuance of a sovereign bond suggests that no extraneous factors deterred investors against a backdrop of heightened appetite for the emerging market and frontier debt, Murtaza Jafferjee, the Head of brokerage JB Securities in Colombo has noted.

The Sri Lankan government last week sold a US$ 500 million International Sovereign Bond issue at a yield of 5.125 percent per year, its lowest rate so far, and attracted US$ 4.25 billion within six hours after opening from 287 accounts with well-diversified investors.

In January, Sri Lanka's 5-year US$ 1 billion international sovereign bond issue with a 6% yield was oversubscribed 3.2 times within 18 hours at a time of growing worries over emerging and frontier markets as the US Federal Reserve rolls back its ultra-easy monetary stance.

Sri Lanka's Central Bank projects a US$ 4,825 GDP per capita income with a 8.3 percent economic growth in 2016 while keeping inflation around 4.0 percent.

ColomboPage - Recent 10 Stories
Finance Minister is not harassed by the IMF - Deputy Minister
-- [57 minutes ago]
Five army personnel remanded over killing of two civilians in Achchuveli
-- [2 hours ago]
Sri Lanka Finance Ministry says the new VAT amendment eliminates hidden payments in existing system
-- [2 hours ago]
Lack of drinking water in several districts of Sri Lanka due to drought
-- [3 hours ago]
Court issues notice to former minister Tissa Attanayake
-- [3 hours ago]
Sri Lanka court to decide on international warrant for former diplomat
-- [4 hours ago]
Sri Lanka to host Intex sourcing show for South Asia in November
-- [4 hours ago]
U.S. supports to promote Public-Private Partnerships in Sri Lanka
-- [5 hours ago]
Czech President and Foreign Minister to visit Sri Lanka separately next year
Iranian attempting to smuggle hashish to Sri Lanka arrested in Nepal

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.