Daily News Online
   

Tuesday, 8 May 2012

Home

 | SHARE MARKET  | EXCHANGE RATE  | TRADING  | OTHER PUBLICATIONS   | ARCHIVES | 

dailynews
 ONLINE


OTHER PUBLICATIONS


OTHER LINKS

Marriage Proposals
Classified
Government Gazette

‘February Exports jump shows positive revival’

February 2012’a exports earnings show our export lull in January to be only temporary. “The February increase in exports by 7.6% shows the positive reversal of our exports from that of January. It also shows that the January lull is a mere passing cloud which has now cleared” said Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka.

Minister Bathiudeen announced this on 04 May while acknowledging the latest positive export growth data released by the Central Bank of Sri Lanka on the same day and also responding to reservations regarding ‘exports slowdown’.

The February 2012 export data showed an increase of 7.6% to US dollars 879 Mn in comparison to February 2011, breaking the exports lull in January 2011 and clearly lays any doubts on Sri Lanka export growth, to rest.

“I am also pleased to observe that Industrial exports taking 74.2% of total exports, while also showing an increase during the first two months of 2012. This is a sign that our export growth will continue can in the following months, showing the effectiven ess of the development vision of the President Mahinda Rajapaksa.

By contributing a 17.5% increase in comparison to 2011 February, rubber products, among all industrial products, have become the driver of this exports rise” Minister Bathiudeen stressed and added: “In fact, in the period of January to February this year alone rubber product exports increased by 19.1% showing their increasing importance in our exports basket” Minister Bathiudeen said.

EMAIL |   PRINTABLE VIEW | FEEDBACK

www.news.lk
www.defence.lk
Donate Now | defence.lk
www.apiwenuwenapi.co.uk
LANKAPUVATH - National News Agency of Sri Lanka
www.army.lk
Telecommunications Regulatory Commission of Sri Lanka (TRCSL)

| News | Editorial | Business | Features | Political | Security | Sport | World | Letters | Obituaries |

Produced by Lake House Copyright © 2012 The Associated Newspapers of Ceylon Ltd.

Comments and suggestions to : Web Editor