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
Gem smuggling Indian national nabbed in Sri Lanka
-- [2 hours ago]
Sri Lanka to host SAARC Film Festival 2015 in Colombo next week
-- [2 hours ago]
PM appeals to Sri Lankan youth to elect public representatives who are capable of solving their problems
Sri Lankan President calls on SLFP activists to extend support for government
Sri Lanka Navy brings home 16 fishermen released from India
Sri Lanka's former army commander to contest parliamentary elections
Sri Lanka seeks German assistance to ensure durable peace and prosperity for people
Sri Lanka's Chief Justice assures security for Jaffna Judges, lawyers
India, Sri Lanka business dialogue in July
Sri Lankan court bans protests in Jaffna over the arrests

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.