Gradient Alliance News Bulletin February 2016
The only source for a roundup of key Sri Lankan News.
Gradient Alliance News Bulletin – February 2016
In Economic news:
- World Bank highlights SL’s progress and key challenges.
- French oil giant Total to explore oil in the East.
- ETCA under pressure due to its’ lack of transparency.
- ADB “reorients” with SL to receive about USD 2bn.
- Stock market closes at 6,192.81 in Feb. (-2.3% YoY).
In Business news:
- Tourist arrivals in Jan. 2016 up 24.4% YoY to 194,280.
- Vehicle reg. falls 34.5% YoY in Jan. 2016.
- Dialog and Airtel to merge?.
- Business sentiment index falls to 151 in Jan. (-6 pts MoM).
In Consumer news:
- Consumer confidence index falls to 70 (-5 pts MoM).
- Deflation returns in Jan 2016, -0.7% YoY.
- Imported rice prices up.
- MA’S Curry Paste and Seasoning range in new packaging.
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