Sri Lanka's external sector stable - Central Bank
Sri Lanka's external sector continues to remain
stable with increased inflows to the Current Account and Financial
Account of the Balance of Payments (BOP), according to the External
Sector Performance Report (May 2013) of the Central Bank. Earnings
from tourism and current transfers by way of workers’ remittances
increased notably,
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HVA organic farm to begin commercial operations
Work on the main project of the Sanvincent Ranch
Organic Farm of HVA Farms (Pvt) Ltd. will commence shortly, said HVA
Group Chairman, Rohan Fernando. He said that preliminary work which
includes cultivating the first 25-acre block comprises short, medium
and long-term crops. Long-term crops comprise mango, cashew and
sweet orange cultivation and short to medium-term cultivation will
comprise papaya and banana.
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Boat-building industry to make a comeback
The boat-building industry hopes to make a
vigourous come back this year with export targets set to double that
of last year.“Last year’s export revenue which recorded a drop will
recover100 percent based on projections and performances recorded so
far.
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Tourist arrivals up 12.8% in June
The number of tourist arrivals to Sri Lanka
increased from 12.8% to 73,628 in June 2013, compared to June 2012
which was 65,245, according to the latest figures released by the
Sri Lanka Tourism Development Authority (SLTDA).
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Indo-Lanka trade on growth path
Bilateral trade between Sri Lanka and India
during the first four months of this year was $ 1.17 billion, the
Department of Commerce data revealed. Trade experts said that trade
volume between the two countries will surpass last year's $ 4.087
billion. In 2008, India allowed a quota of three million pieces of
apparel products duty free from Sri Lanka without any restrictions
under ISFTA and in April 2013,
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