Gradient Alliance News Bulletin – October 2015

Gradient Alliance News Bulletin – October 2015

The only source for a roundup of key Sri Lankan News.

Gradient Alliance
Economic News
Gradient Alliance Economic

Government expenses to reach an all time high in 2016 “revolutionary” budget.
Sri Lanka improves to 107th in Doing Business Index.
More debt approved; urges China to relook at its’ SL loans.
Private sector credit growth at over a five year high.
ASPI closes at 7,042.06 in Oct. (0.12% MoM).

Business News

Tourist arrivals in Sept. up 35.8% YoY to 143,374.
Vehicle reg. up 57.3% YoY in Sept., LTV increased to 90%.
Tea exports decline for the seventh consecutive month.
Business sentiment index at a record 204 (+29 pts MoM).

Consumer News

Nielsen consumer confidence index at 87 (+4 pts).
Inflation returns after a quarter of deflation.
Alcohol and cigarette prices increased.

Gradient Alliance News Bulletin – October 2015

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