Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka's economy is gradually recovering - Central Bank Chief
Fri, Jul 12, 2019, 11:59 pm SL Time, ColomboPage News Desk, Sri Lanka.

July 12, Colombo: The Governor of Central Bank of Sri Lanka says that the economy of Sri Lanka is recovering gradually after the Easter attacks.

Governor of the Central Bank of Sri Lanka Dr. Indrajit Coomaraswamy said in a media briefing in Colombo Thursday that a surplus in the balance of payments was recorded for the first time in 10 years.

"Inflation eased slightly in June. In the next few months, it may increase slightly. However, inflation fluctuation was only within the range we expected."

"For the first time in 10 years, in the first quarter of this year, there was a surplus in the balance of payments. It's a good sign."

The rupee appreciated by 4.1 percent against the dollar. Notably, exports continued to grow and imports fell sharply during the first four months of 2019.

The successful issuance of international sovereign bonds in June reflects investors' continued confidence in Sri Lanka's medium-term growth prospects. With the issuance of the bond, the gross official reserves at the end of June increased to US $ 8.9 billion.

The recovery of the tourism sector and the current performance of the export sector has created confidence in the recovery of the economy, he said.

 

ColomboPage - Recent 10 Stories ::
Two youths attempting to take selfie gone missing in sea
-- [9 hours ago]
Minister requests trade unions to postpone postal strike until Friday
-- [9 hours ago]
Term of Presidential Commission probing corruption and fraud extended
Paddy purchasing in Northern Province begins
UN expert to visit Sri Lanka to assess rights to freedom of peaceful assembly and of association
Sri Lanka postal workers to launch 48-hour strike from 4 pm today
Three faculties at Ruhuna University to be reopened tomorrow
Navy nabs person with over 3200 illegally harvested conch shells
CID grills former Defense Secretary Hemasiri Fernando for nine hours
National Authority on Tobacco and Alcohol Act strictly enforced island wide from today

Copyright © 2000, 2016 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.