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Sunday, 10 May 2015

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A tourist paradise : Sri Lanka has a growing tourism industry and has continued to attract foreign investors and tourists to the island. The country’s geographical location also attracts transit visitors. Over the years, many beautiful resorts, hotels and spas have opened. Incorporating the diverse culture of the country, various tourist establishments offer visitors a memorable experience. The number of tourist arrivals to Sri Lanka during April rose 8.5 percent year-on-year to 122,217 with more Chinese and Indian tourists visiting the country. The cumulative number of tourist arrivals for the first four months of this year rose 12.5 percent year-on-year to 601,055. Pinnawala is a place for tourists - where orphaned elephants are taken care of. Here visitors to Pinnawala watch the elephants bathing. Pic: Susantha Wijegunasekera

SEC Chairman:

Reports on five SEC probes due in 2-3 weeks

Around five major cases of fraudulent deals of the Stock Market which had taken place between 2010 and 2012 will be completed within the next two to three weeks and the perpetrators brought to book, Chairman, Securities and Exchange Commission of Sri Lanka (SEC),

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Macroeconomic performance:

Risks on the rise

Recent macroeconomic performance has generally been strong but risks appear to be on the rise while real GDP growth registered 7.4 percent in 2014. Growth was broadbased, with the exception of agriculture which suffered from drought early in the year and heavy rains and floods in the fourth quarter.

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Reforms to increase market capitalisation vital

The Colombo Stock Exchange needs to work with all stakeholders diligently on reforms to increase the market cap to GDP ratio which is about 30% today to around of 50% of GDP by 2020, a capital market expert,

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Pensions Dept sets up one-stop service centre

The Department of Pensions which was once unpopular due to officials being lethargic and corrupt has been transformed into an orderly and efficient institution according to pension applicants who turned up at the Department last week.

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