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Growth to pick up 5.6 percent in 2010 :
Sri Lanka’s economic outlook to show improving trend
Despite the global economy’s slow recovery from
the worst economic downturn since the second world war, we expect
Sri Lanka’s economic outlook to show an improving trend, with growth
picking up to 5.6 percent in 2010 and 6.3 percent in 2011, said RAM
Holdings Berhad, Group Economist, Dr. Yeah Kim Leng.
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Aitken Spence shows stronger performance in 2Q
Aitken Spence PLC released its second quarter
financial results to the Colombo Stock Exchange yesterday, reporting
Rs 744mn as pre-tax profit and Rs 470mn as profit attributable to
shareholders for the quarter ended September 30, 2009; both
increasing by 16 percent over the previous year. The Sri Lanka-based
diversified conglomerate’s figures for the first six months revealed
a pre-tax profit of Rs 1.23bn and profit attributable to
shareholders of Rs 764mn, reflecting marginal declines of 1.2
percent and 3.6 percent respectively.
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Five major sectors identified:
Sri Lanka targets more electronic exports by 2020
Sri Lanka could capture 0.1 percent of the
global electronic market by 2020 by venturing into electronic
components and product manufacture said Prof Kapila Jayasinghe of
the Moratuwa University making a presentation on the National Action
Plan for the Development of value chain in the electronic sector at
the Galle Face Hotel organized by FCCISL (SMED) on Friday.
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