People's Bank revenue tops Rs 1trillion
The People's Bank ended 2014 on a record-breaking
note, notching a balance sheet that hit the Rs 1 trillion mark and
improving its overall performance. The achievements were due to a
series of pragmatic initiatives that People's Bank infused into the
way it does business.
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EDB targets US $ 12.5b export income
The Export Development Board (EDB) targets an
export revenue of US$ 12.5 billion this year, said EDB Chairman
Bandula Egodage. He said that merchandise export revenue reached US$
11 billion in 2014, a noteworthy increase in export income to the
country.
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Tourism industry generates US $ 2.48b revenue
The country’s tourism industry has generated a
revenue of US $ 2.48 billion and surpassed the target of 1.5 million
tourist arrivals to the country in 2014. Sri Lanka earned US $ 1.6
billion from tourism for the first nine months of last year mainly
due to the peaceful environment in the country.
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Remarkable economic transformation in past five years
Sri Lanka has undergone a remarkable economic
transformation during the past five years. A conducive and
consistent policy framework put in place under the Mahinda Chintana
– Vision for the Future, has resulted in many economic achievements,
said Central Bank Governor Ajith Nivard Cabraal at the launch of the
road map,
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