Akila vows 6% of GDP for education

The Education Minister vowed a gradual allocation of 6% of GDP for Education. The observation was made at a press conference held in Colombo on Monday (28). MORE...

September 28, 2015  06:00 pm|

Sri Lanka economy grows 7.4% in 2014: CB Report

Sri Lanka’s economy grew by 7.4% (Agriculture 0.3%, Industry 11.4%, service 6.5%) last year, according to the Annual Report of the Central Bank of Sri Lanka for the year 2014 which was launched today. MORE..

April 30, 2015  11:05 am|

Sri Lanka’s fiscal targets pressured by weak trend of revenues, Moody’s says

Sri Lanka’s new budget continues the fiscal consolidation, but there are risks that revenue targets are not met while higher expenditure may revive inflation in the island nation, Moody’s Investors Service said. MORE..

February 11, 2015  11:39 pm|