IMF welcomes increase in interest rates
The IMF welcomed the increase of policy interest
rates and other measures recorded by the Central Bank to contain
credit growth.Commenting on $ 800 million last tranch of the $ 2.6
billion IMF standby agreement facility, Dr.Aitken said that after
the conclusion of this mission, the money will be available and
whether we take it or not is upto the government of Sri Lanka.
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Micro Cars to launch luxury buses next month
The Ministry of Transport in collaboration with
Micro Cars Ltd. will operate an eight low-floor air-conditioned
luxury bus service from the city of Colombo to six identified
destinations during peak hours in the morning and evening commencing
from next month.
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Deyata Kirula kicks off in grand style
Sri Lanka's annual national exhibition -Deyata
Kirula 2012 opened yesterday for the sixth consecutive year at
Oyamaduwa, Tantirimale in Anuradhapura. President Mahinda Rajapaksa
opened the exhibition which showcases development programs of the
government.
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Sri Lanka good place to invest - IESC, Vice President
Sri Lanka is a good place to invest as returns
on investments are high compared to the United States said
International Executive Services Corp (IESC) of USA Vice President
Charles Conconi at a ceremony to ink a partnership between IESC and
the American Chamber of Commerce (AmCham) to promote foreign direct
investment from USA.
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Inflation drops in January 2012
Year-on-year (YoY) inflation, as measured by the
Colombo Consumers’ PriceIndex (CCPI) (2006/07=100) computed by the
Department of Census and Statistics, decreased significantly to 3.8
per cent in January 2012 from4.9 percent in December 2011. The
annual average inflation also decreased to 6.5 per cent in January
from 6.7 per cent in December 2011.
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