Economic growth expected to gradually accelerate to 7.3 percent in 2017 from 7.1 percent in 2016
WASHINGTON, October 3, 2016 – South Asia has defied a sluggish world economy and solidified its lead as the fastest growing region in the world in 2016, a new World Bank report said today. Led by solid performance in India, economic growth is expected to gradually accelerate from 7.1 percent in 2016 to 7.3 percent in 2017.
It has been an honour and indeed a privilege to welcome to Sri Lanka the Minister of Foreign Affairs of Turkey, Honourable Mevlüt Çavuşoğlu. The visit is significant as this is the very first visit by a Foreign Minister of Turkey to Sri Lanka. I am confident that over the course of this visit we will build a solid foundation for this new chapter in our bilateral relations.
ADB's interim country partnership strategy (CPS), 2015-2016 for Sri Lanka includes the agriculture, natural resources, and rural development as priority sectors to strengthen the country's drive toward inclusive growth. Other strategic thrusts and priority sectors remain the same as in the CPS, 2012-2016.
As the New Year begins, the big question on all real estate professionals’ lips is: what will 2016 hold? Migration away from capital cities, infrastructure improvements and increased international interest from investors are just some of the expected developments for real estate markets within emerging nations, including Sri Lanka.
Some two billion people have moved out of low human development levels in the last 25 years but in order to secure these gains and galvanize progress, a stronger focus to “act now” to provide decent work is needed, according to the new United Nations Human Development Report released today.
The Embassy of Sri Lanka in Kuwait hosted a gathering of businessmen and media representatives to introduce Sri Lanka’s growing $1.6 billion tea business contributing 15 percent to the nation’s foreign exchange. Kuwait imported around 12.3 million kilograms of tea in 2014 and 16.1 million kilograms in 2013.
Emerging countries are slowly opting for smart and sustainable cars
Auto manufacturers have shifted their priorities to not only meet emissions standards, but also to keep up with government policies to improve air quality in each country. Fuel-efficient cars have not yet caught on in developing markets as fast as they have in Western markets but there is a slow, apparent change of car buyers going green globally. Carmudi analyzed millions of listings on the company’s car classifieds website, and the data shows that auto demand worldwide, including in Sri Lanka is shifting towards greener rides.
UNITED NATIONS — Nine months after he was elected to bridge bitter ethnic divisions at home, Sri Lanka’s president, Maithripala Sirisena, spent the better part of this week in New York trying to reassert his country’s place in the world.
Sri Lanka’s stock is high in the international arena and no other person than United Nations Secretary General Ban Ki-moon himself fittingly summarized it when he said President Maithripala Sirisena has won the confidence of entire world. And, such a qualified statement coming from the top man of the highest global body is indeed a tribute that can be accepted universally.