19 June 2018
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Sri Lanka needs more FDI for high growth rate: World Bank

World Bank logoSri Lanka’s economic growth is expected to decline to 6.9% in 2015 due to slowing construction activity, while South Asia is projected to steadily increase from 7% in 2015 to 7.6% by 2017 through maintaining strong consumption and increasing investment.

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Vajira Wijegunawardene appointed as DG of Sri Lanka SEC

vijiraSri Lanka’s security exchange commission (SEC) has appointed Vajira Wijegunawardene as the Director General, a source said. Read more...

Rajan becomes the IMF's first chief from a developing country ?

ranjanAmid speculation about the uneasy relationship between Reserve Bank of India (RBI) Governor Raghuram Rajan and the finance ministry, a leading broking house has added fuel to the fire by saying the governor is seen succeeding International Monetary Fund (IMF) chief executive officer, Christine Lagarde, next year. Read more...

Cairn pulls out of Sri Lanka gas field as prices slump

oil explorationCairn India has withdrawn from Mannar Basin natural gas exploration following the global petroleum price slump, and Sri Lanka is to look for other oil companies to drill deposits found by the firm. Read more...

7.4% growth in the country's economy - Central Bank

central bank 1111According to the information provided by the census and statistics department in the year 2014 the country’s economy has increased up to 7.4%. In 2013 it was 7.2%.

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Fed Signals It May Increase Interest Rates by Midyear

fedThe Federal Reserve signaled Wednesday that it would consider raising its benchmark interest rate at its June meeting, the first increase since the Great Recession, but the central bank emphasized that it might still delay the decision until later this year. Read more...

A Trade and Commerce Conference for all local and foreign investors

ccc logoThe Sri Lanka Trade and Commerce Board is organizing a special conference for the local and foreign investors. The conference is organized to strengthen the people who wish to invest in Sri Lanka. The conference would be held on the 27th of March. Read more...

McDonald's burns prompt US inquiry

McDonaldsUS officials have launched an investigation into McDonald's after 28 employees in 19 different cities said they suffered injuries due to hazardous equipment and lax safety standards.

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IDC ranks Huawei as number 2 smartphone vendor in Sri Lanka

huweiInternational Data Corporation (IDC), announced Huawei, the leading global information and communications technology (ICT) solutions provider as the number two smartphone vendor in Sri Lanka for Q4 2014. The report stated that smartphones contributed approximately 22% to the overall mobile phone market as the demand observed a continuous surge during the year.

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Is the Market in Danger ?

stock market 123Many thought that the regime change would be the harbinger of prosperity – a thriving economy, a buoyant stock market and a flood of foreign investment. Two months into the “utopia” of change, the reality is far from that envisaged. Read more...

Government issue treasury bonds in search of money

central bank 1111In order to settle the expenditure of the ministry of highways the government is planning to issue treasury bonds during this month. The objective to issue this treasury bonds is to search money to pay the compensation for the lands acquired for road development by the previous regime. Read more...

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