Net foreign e Colombo Stock Exchange (CSE) amounted to US$ 18 million during February 2018, according to the Central Bank. This included net inflows to the primary and secondary markets as well. Accordingly, cumulative net inflows in the first two months of 2018 were US dollars 54 million. Meanwhile, the government securities market (Treasury bills and bonds) recorded a net foreign investment outflow of US dollars 55.6 million in February 2018, following a net inflow of US dollars 47.3 million in January 2018.
President Maithripala Sirisena said that Sri Lanka strongly supports the Belt and Road Initiative and attached great importance to the joint mega-projects of Colombo Port City as well as the Hambantota Port and Industrial Park.
The President expressed these views when Ambassador of China, Cheng Xueyuan, called upon President Maithripala Sirisena at the President’s Official Residence to exchange views on China-Sri Lanka relations and joint construction of the Belt and Road Initiative.
President Sirisena said the tremendous assistance provided by China to the economic and social development of this island nation is highly appreciated by the Sri Lankan government and its people, a release from Embassy of People’s Republic of China in Sri Lanka said.
Transport and Civil Aviation Minister Nimal Siripala de Silva said a temporary terminal would be constructed within six months at the Bandaranaike International Airport to ease congestion. He said tenders for this purpose would be closed in June and the work would be completed by the end of this year.
Sri Lanka’s Internet connections have increased substantially by 20 percent in 2017 and this rapid growth was mainly supported by an increase of 31.5 percent in fixed Internet connections, while mobile Internet connections also recorded a growth of 17.3 percent in 2017, recent data revealed.
President Maithripala Sirisena vested with the people 437 houses constructed under the Niwasak Wenuwata Jivitayak programme implemented by the Megapolis and Western Development Ministry and the Urban Development Authority, at the Siyapath Sevana new housing scheme in Dematagoda, yesterday.
With 2018, Sri Lankan apparel sector has entered a breakthrough year in its history of exports. Meanwhile, industry leaders joined by a Cabinet Minister, say that increasing apparel exports and receiving trade benefits such as GSP Plus facility, should not blind the sector but the industry should move on and face emerging challenges to advance to the next level.
Ambassador of China Cheng Xueyuan, has reaffirmed that China firmly upholds economic globalization which brings great benefits to the whole world including China and Sri Lanka.The Chinese side is committed to promote Belt and Road Initiative (BRI) with relevant countries through joint consultation, contribution and shared benefits, so as to build a community of shared future for mankind. These sentiments were expressed by the Chinese Ambassador when he called upon Speaker Karu Jayasuriya to exchange views on the economic globalization and joint construction of the Belt and Road Initiative (BRI) in Sri Lanka.
The European Union (EU) says it will continue to support the reforms process in Sri Lanka as well as the reconciliation process. The EU Ambassador to Sri Lanka and the Maldives for the Delegation of the European Union (EU), Tung-Laï Margue said that the EU is convinced progress on these issues will ensure lasting peace and prosperity for all Sri Lankans.