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Sunday, 12 August 2012

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Tourists at a Colombo city hotel: Room occupancy rate in graded accommodations has increased to 77.1 percent in 2011 compared to 70.2 in the previous year.  Pic: Susantha Wijegunasekara

Infrastructure development:

Corporate and Banking sector to play major role

Sri Lanka's Road Development Authority (RDA) can bring the Southern Expressway to the market and raise funds for the construction of another expressway, said Director, Global Infrastructure and Project Finance of Fitch Ratings New York, Cynthia Howells.

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JIFT to build trade links

The fourth Jaffna International Trade Fair 2013 (JIFT) will be held from January 18 to 20 next year at the Alfred Durayappah Stadium, Jaffna. Over 300 companies will take part with more than 400 local and international stalls.

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India, a leading source market - TDA report

The tourism industry in Sri Lanka is booming with a marked increase in tourist arrivals, the annual report of the Sri Lanka Tourism Development Authority - 2011 stated. According to the report, tourist arrivals reached the 855,975 mark and it is the highest recorded in a year.

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Regional disparity narrows - CB

Regional disparity in economic development is narrowing with the increase of regional economic growth, the Central Bank stated last week. Provincial GDP data released by the Statistics Department of the CB revealed that the Northern province recorded the highest nominal 27.1 percent growth rate,

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Imports, credit growth curtailed, external sector strengthened - Central Bank

Policy measures implemented in February and March this year, aimed at reducing the high import growth and the high credit expansion are yielding expected results, the Central Bank (CB) stated in its monetary policy review last week.

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Top Lankan CEOs become bullish, post Indo-Lanka meet

The Sri Lankan business community and CEOs are now upbeat on the dawning new business prospects following the high level Indian trade push on Sri Lanka. Fresh initiatives by the high level Indian business delegation to Sri Lanka led by Anand Sharma, the Indian Minister of Commerce,

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