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Sunday, 15 April 2012

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Central Bank Governor Ajith Nivard Cabraal presnts copies of the Annual report to President Mahinda Rajapakse. Economic Development Minister Basil Rajapaksa and senior Minister international monetary cooperation Sarath Amunugama look on.

Tight monetary policies and credit control, a must

The Central Bank of Sri Lanka revised economic growth forecast for 2012 to 7.2 percent from the eight percent anticipated at the beginning of the year. Governor Ajith Nivard Cabraal said that the growth forecast for the year is strong after two consecutive years with over eight percent growth.

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AmCham welcomes import tax on vehicles

The American Chamber of Commerce (AmCham ) welcomed the move by the Governmnet to raise import tax on vehicles. AmCham President Vijaya Ratnayake said that vehicle import duties had to be increased to curtail the growing trade deficit and the rising of the import bill. He said that present infrastructure which cannot cope with the increase number of vehicles and the staggering fuel import bill have been some concerns of the Government which we appreciate.

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Emirates invests in premium lounge at BIA

Emirates opened its passenger lounge at the Bandaranaike International Airport, Katunayaka (BIA), becoming the first international airline to invest in such a facility at the BIA. Completed at a cost of Rs 200 m, the Emirates lounge on the second floor of the Arrivals Terminal is exclusively for the use of the airline’s First and Business Class passengers and Gold members of Skywards, its frequent flyer program.

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