EU impressed with Lanka's economic growth
The European Union (EU) is impressed with the
economic progress Sri Lanka has made after 2009. However, there is a
need for reforms and addressing key issues to increase trade
relations with the EU, EU Ambassador to Sri Lanka and the Maldives,
David Daly told a group of businessmen in Colombo last week.
Unemployment rate falls to 4.1 percent
According to latest data of the Sri Lanka labour
force survey of the Department of Census and Statistics, the
unemployment rate fell to 4.1 percent in the fourth quarter of 2013.
Unemployment rate continually declined from 5.9 percent in 2009 and
it was 4.6 percent in the first quarter of 2013 and 4.4 in the
second and third quarters of the year.
Rapid economic growth forecast in 2014 and 2015 - ADB
Asian Development Outlook 2014 (ADO 2014), the
flagship annual economic publication from the Asian Development Bank
(ADB) released last week forecasts 7.5 percent economic growth in
Sri Lanka in 2014 and expects it to remain at that level in 2015.
More awareness vital to curb circulation of fake notes
The number of fake currency notes printed and
circulated locally and globally has increased despite public
awareness of its security features. Authorities said that it is due
to security features on notes that counterfeit or dud money is being
detected fast today.
Over 80% of children are unpaid family workers
Children engaged in economic activities are
considered as child labourers but in our rural culture, children
usually help household economic activities. According to the Child
Activity Survey - 2009 conducted by the Department of Census and
Statistics, total Child Labour in Sri Lanka was estimated at 107,259
or 2.5 % of the total child population.
EDB launches Lanka's first 'Internet of Things'
Sri Lanka has officially begun assessing the
promise of the 'next big thing' in digital frontiers and Sri Lanka's
first Advanced Electronics Design Centre is now on the cards.“This
is the first ever initiative for Sri Lanka's ICT sector on the
emerging 'Internet of Things'.