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Sunday, 4 August 2013

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Changing lifestyles in estates: Sri Lanka has achieved the Millennium Development Goal of halving the level of poverty before the target year, 2015 in urban and rural sectors according to government statistics. However, the estate sector was lagging behind. Analysts said that according to recent data if the prevailing conditions continue, the estate sector too will reach the target. However, they said that the risk is high because there are a large number on the cusp of the
poverty line with the risk of slipping below the poverty line. This picture captured by our staff photographer Susantha Wijegunasekara shows the changing lifestyles of the estate sector. Satellite TV antennas have been installed in line rooms although their housing conditions remain poor.

CSH has potential to attract transshipment business

The Colombo South Harbour (CSH) will bring in a large revenue if it attracts transshipment business, said Asian Development Bank, Country Head, Rita O’Sullivan at the inauguration of the Business Leaders Forum at the Postgraduate Institute of Management (PIM) on Thursday.

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Lanka's apparel exports back on track

Sri Lanka’s non-BOI apparel exporters have been integrated into the global network, Asycuda World (of UNCTAD). Apparel exports are now back on track having overcome global recession, a Ministry of Industry and Commerce spokesman said. He said that Sri Lanka’s apparel sector has entered a new phase.

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Inflation declines further in July

Inflation, as measured by the Colombo Consumers’ Price Index (CCPI) (2006/07=100) computed by the Department of Census and Statistics decreased to 6.1 percent on a year-on-year (YoY) basis in July from 6.8 percent in the previous month.

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June exports record commendable growth

The country’s exports earnings for June recorded commendable growth. However, it is necessary to have the right balance between commodity and cost. According to provisional Customs data, Sri Lanka is heading in the right direction despite challenges. Exports to our key markets the USA and EU, especially to USA have shown a satisfactory increase in June 2013,

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