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DateLine Sunday, 22 April 2007

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Visitors check out the various luxurious homeware on display at an exhibition in Beijing. China was due to report yet more blistering growth figures amid an emerging consensus that government attempts to apply the brakes have been far too weak to slow the runaway economy. AFP

Conflict not the biggest stumbling block for economic growth - Wimal Weerawansa

The war is not the sole and the most serious stumbling block for economic growth. For long lasting peace, LTTE terrorism should be defeated militarily and democracy should be restored in the North and East, said JVP parliamentarian Wimal Weerawansa.

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BOI to woo maximum investment, boost economic growth - Chairman

The Board of Investment of Sri Lanka will be transformed into an efficient and investor friendly institution to attract maximum investment that will create employment opportunities and boost economic growth, said BOI's new Chairman and Director General Dhammika Perera who assumed duties on Wednesday.

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7% growth forecasts for 2007

The growth forecast for 2007 is 7%. The contributors are 5% from the existing open economy, 1% from new investments, 0.2% from policy reform and 0.8% from the Asian buoyancy. Sri Lanka's economy expanded by 7.4% in 2006 but given the recent escalation of ethnic conflict and violence the country's growth is expected to slow down slightly in 2007, said Institute of Policy Studies Director Dr. Saman Kelegama at the launch of the ESCAP report.

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