Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka's economy will grow next year - Central Bank chief
Thu, Dec 28, 2017, 10:40 pm SL Time, ColomboPage News Desk, Sri Lanka.

Dec 28, Colombo: Sri Lanka's economy will grow steadily next year, the governor of Central Bank Dr. Indrajit Coomaraswamy says.

At a media briefing today, the Central Bank Governor said when considering the total economy of Sri Lanka, a positive economic progress in the coming year can be expected.

"I think it's fair to say that the economy continues to stabilize in broad terms. In addition we have seen money continuing to flow in to the government securities account. Money has come into the stock market…Hambantota deal has gone through and that money has come in now."

The Governor said the international sovereign bond that was issued in May 2017 at a cost of 620 basis points is now trading tighter at 550 basis points.

"All this means that the degree of confidence in the Sri Lankan economy seems to be increasing as far as international capital markets, rating agencies and investors," he said

However, this year the economy will grow under 4% dragged down by the decline in agricultural output due to the two years of drought and flooding, Dr. Coomaraswamy said. He said both agriculture and agro-processing sectors had been hurt by the drought.


ColomboPage - Recent 10 Stories ::
Sri Lankan university student in Australia seeks damages after terror charges dropped against him
-- [48 minutes ago]
Despite request no hike in domestic LPG gas prices for now, Minister assures
-- [9 hours ago]
Sri Lanka Finance Minister criticizes opposition, media for disseminating false information
-- [9 hours ago]
Sri Lankan government to limit expenditures at all ministries
-- [9 hours ago]
Hector Kobbekaduwa Agrarian Research Institute assigned to find a solution for crop damage by wild animals
Report of President accusing India of assassination plot is a deliberate attempt - Minister Samarasinghe
Sri Lankan PM arrives in India for a three-day official visit
French financial assistance to Sri Lanka to implement second Tranche of Green Power Development Program
Sri Lanka Finance Minister reveals oil price formula
Sri Lanka Speaker instructs to minimize food wastage in parliament

Copyright © 2000, 2016 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.