Economy
April
People's Bank launches 'Swashakthi' Loan supporting one million jobs program
People’s Bank has joined the ‘Swashakthi’ Loan scheme initiated by the Ministry of National Policies and Economic Affairs and the Central Bank of Sri Lanka, disbursing loans via its branch network of more than 730 branches island-wide.
April
Ministry of Industry and Commerce has initiated a program to support local small scale industries, whose annual turnover is less than Rs. 250 million and permanent employment is less than 50 on the 1st January 2017, to obtain Good Manufacturing Practice (GMP) certificate with the intention of improving industry productivity, sustainability, food safety and hygiene.
March
The Hatton National Bank has disbursed 13 Loans under the ‘Swashakthi’ Million Jobs Program, refinanced by the CBSL and launched on an initiative of Prime Minister Ranil Wickremesinghe.
March
The Department of Census and Statistics (DCS) has released the estimated Gross Domestic Product (GDP) and other macroeconomic indicators for the fourth quarter of 2016 and for the year of 2016.
February
Year 2016 has recorded the highest foreign remittances amounting to USD 7241.5 million (Rs.1054.5 billion), said Foreign Employment Minister Thalatha Athukorala.
January
GSP+ concessions would massively benefit Sri Lankan fish exports industry, said Minister of Fisheries and Aquatic Resources Development Mahinda Amaraweera.
January
Rs.10 billion released from Treasury to settle development project bills Featured
Ministry of Finance denying the news reports of not settling the bills produced by Provincial Councils and Line Ministries in the last quarter of 2016 said that Rs.10 billion was issued by the Treasury in the first quarter of this year to settle same.
December
Finance Ministry releases Rs.7 billion for fertilizer purchases
December
Minister of Megapolis and Western Development Patali Champika Ranawaka warned that we will have to be financially careful as USA has increased its interest rates yesterday.
December
The Index of Industrial Production (IIP) is an important indicator of economic performance and its main purpose is to provide a measure of the short-term changes in the volume of industrial production over a given period of time. It can be used to identify the turning points in economic development at an early stage. Monthly IIP will be released quarterly with a time lag of 63 days. The base year for the IIP compiled by DCS is 2015. IIP value of difference base years cannot be compared.
