Tight monetary policy pays dividends
The Sri Lankan economy grew at a healthy rate of
6.4 percent in 2012 while inflation was maintained at single digits
for a fourth consecutive year, despite several global and domestic
challenges, the annual report of the Central Bank, 2012 stated.The
report was launched last week at a ceremony in Colombo. President
Mahinda Rajapaksa was the chief guest at the launch.
Food prices remain low
The prices of most food items remained low
amidst increasing demand during the Sinhala and Hindu New Year
festive season, market sources said. Traders said that due to
uninterrupted supply and sufficient stocks, the price of rice
declined during the festive season. Last week in the Pettah
wholesale market, Nadu rice sold at Rs. 55-58, Samba at Rs 65-67 and
red parboiled rice at 55-58, proprietor of Laxman Traders in Fourth
Cross Street said.
Legend of the Seas makes maiden voyage to Lanka
The Royal Caribbean cruise ship, Legend of the
Seas made its maiden voyage to Sri Lanka last week.The ship arrived
from a month-long US $50 million drydock in Singapore with an array
of features and amenities for its remaining Asian season.
Enormous potential for growth - Bangladesh High Commissioner
Sri Lanka and Bangladesh should explore
opportunities in the ICT, construction and ship-building sectors in
which Bangladesh has made great strides, said Bangladesh High
Commissioner to Sri Lanka, Sufiur Rahman.