Friday, 6th March 2015

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Business

The IMF mission said real GDP growth is estimated at 7.4 percent for 2014 and is likely to continue in the relatively robust range of 6 to 7 percent in 2015. Inflation is expected to remain in the low single-digits, although some upward pressure may emerge as higher wages and salaries translate into increase demand,IMF post-aid programme mission head Todd Schneider said last Wednesday. The external current account improved in 2014 and is likely to strengthen further in 2015 given the lower oil prices and further growth in exports, services trade and inward remittances, the IMF said. The...
Tourism and Sports Minister, Naveen Dissanayake opening the 2015 edition of the ITB Berlin Sri Lanka stand  in the presence of  Sri Lanka's Ambassador  in Germany Karunatilleke Amunugama,  Sri Lanka Tourism Promotion Bureau (SLTPB) Chairman, Rohantha Athukorala and industry stakeholders on Wednesday morning.
Berlin, Thursday: Sri Lanka is making a strong bid to be the host country of the ITB, the world's largest leisure exhibition in three years' time. This year the host country is Mongolia and the next year it's the Maldives. Tourism and Sports Minister Naveen Dissanayake addressing the opening ceremony of the ITB said that this will bring unprecedented publicity to Sri Lanka and it's a matter they are seriously considering. "We will make a bid." He also said that the Ministry would like to work jointly with the industry stake holders and he welcomes private public partnerships. "Transparency...