China just requested 15,000 acres of land in southern Sri Lanka for the creation of a special economic zone that will reputedly create one million jobs, according to the country’s Minister of Development Strategies and International Trade...
| Human Development Reports
Sri Lanka has been placed 73rd, outranking Georgia, Brazil, China, Ukraine and Mexico and is one place below Turkey.
For reference:
India: 130th
Pakistan: 147th
Thailand: 93rd
China: 90th
Bhutan: 132nd
Nepal: 145th
Brazil: 75th
Australia: 2nd
Japan: 20th
Korea: 17th...
Source: http://pages.eiu.com/rs/783-XMC-194/images/Long-termMacroeconomicForecasts_KeyTrends.pdf
Key points:
China, India and the US in 2050 individually will be larger in GDP than the next 5 countries combined.
The Chinese economy will be ten times its current size. Per capita GDP in...
Sri Lanka : World Bank lending US$ 165 million to Sri Lanka to provide safe drinking water and improved sanitation
Around 450,000 people are expected to benefit under the project from improved access to safe piped water, contributing to the Government's national target of increasing piped water...
Sri Lanka : Sri Lanka ranks within Top 10 of the World Giving Index
Sri Lanka is one of the ten most generous countries in the world, according to the recently released 2014 World Giving Index (WGI) report.
According to the annual report released by the Charities Aid Foundation, Sri Lanka is...
Sri Lanka on track to achieve 7.8 pct growth in 2014: official - Xinhua | English.news.cn
COLOMBO, Aug. 6 (Xinhua) -- Sri Lanka is on track to achieve its growth target of 7.8 percent in 2014 and aims to hit 7,000 U.S. dollars of per capita income by 2020, said a top official on Tuesday...
Sri Lanka : Sri Lanka says country burdened with influx of asylum seekers and UNHCR too slow to act
Aug 02, Colombo: The Sri Lankan government says recent influx of asylum seekers has burdened the country and the United Nations refugee agency has been slow to address their requirements for...
Mega development projects launched in three districts
Massive development projects have been launched in Puttalam, Kegalle and Kurunegala districts at a cost of Rs 45,000 million under the Deyata Kirula 2014, exhibition Telecommunication and Information Technology Minister and Deyata Kirula...
Sri Lanka central bank expects 7.8 pct growth in 2014| Reuters
Jan 2 (Reuters) - Sri Lanka's economy is expected to grow 7.8 percent this year, compared with an estimated 7.2 percent expansion last year, Central Bank Governor Ajith Nivard Cabraal said on Thursday.
"Now we are a $67 billion...
'Unstoppable Sri Lanka 2020':
SRI LANKA IN THE YEAR 2020:
ECONOMY
GDP: PPP$470 billion by 2020 (nominal, $185 billion)
PER CAPITA: PPP$16,700 by 2020 (nominal, $8,500)
EXPORTS: $20 billion
INFLATION: 3%
TRADE TURNOVER: $50 billion
LABOUR FORCE
UNEMPLOYMENT: 3%
LITERACY: 100%
COMPUTER...
The 500 unit housing scheme will house the residents of slums that were removed to make way for the 'Mihidhu Senpura' project.
Under the first phase 20000 housing units will be built and constructions of 14764 are in progress at present.
The housing units come with all basic facilities and are...
BOP records surplus of US$ 749m, inflation contained at single digit | Daily News Online : Sri Lanka's National News
I think it's a great achievement that we have a Balance of Payment surplus considering the sheer amount of resources being spent developing nationwide infrastructure. To achieve...
The 25,000 sq. ft. facility is a partnership between EWIS and Microsoft and is aimed at manufacturing tablet PCs, laptop computers and desktop computers to meet the growing demand for innovative yet affordable computers in Sri Lanka as well as in the Asia Pacific region.
The plant has obtained...
Once completed the housing units will be distributed among the slum dwellers who are living under deplorable conditions. As the government is committed in making Colombo a showcase city free of slums and squatters, the Secretary Defence is assiduously working towards providing these people a...
Nov 02, Colombo: Sri Lanka's core inflation, which captures underlying long-term trend of the inflation, has continued its declining trend in terms of both year-on-year and annual average basis over the last few months, the Central Bank said.
The year-on-year core inflation which was over 7...
Sri Lanka was ranked 60 out of 142 countries on the Legatum Prosperity Index.
The sub-indices include, country's Economy, Entrepreneurship & Opportunity, Governance, Education, Health, Safety & Security, Personal Freedom and Social Capital.
Sri Lanka ranks 35 on the Social Capital sub-index...
The Colombo-Katunayake Expressway (E03), hoped to greatly reduce travel time to the airport from the city.
Photo Credit: ChamLuck Photography https://www.facebook.com/ClickedByChamLuck
Footage of the Expressway