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Government policies bear fruit:
Deceleration in import expenditure
Policies adopted by the Central Bank and the
government earlier in the year has led to a significant deceleration
in expenditure on imports by July 2012, thereby helping contain the
deficit in the trade balance of the balance of payments. The deficit
in the trade balance declined by 33.8 percent, year-on-year, to US
dollars 535 million in July 2012, the lowest level recorded in 17
months.
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Over 94 hydro-power plants in SL
The government should step into mobilizing long
term project lending for the small hydro-power sector, especially
from state banks, with loan tenures of 15 years and longer
moratoriums at project inception up to 5 years. At present, the
typical loan tenure is 8 years. The cost of the loan and its
repayment account for over 50 % of the unit cost from a typical
small hydro-plant, the Small Hydro-Power Association said.
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Sri Lankan Corporates to list in Tokyo Stock Exchange
The Tokyo Stock Exchange (TSE), which is the
third largest equity/stock market in the world with a total market
capitalization of US $ 3.3 trillion, has expressed interest to have
Sri Lankan listed Corporates in the Colombo Stock Exchange (CSE) to
be listed in the TSE as Japanese Depository Receipts (JDRs), stated
Ambassador of Sri Lanka to Japan, Admiral (Rtd.) Wasantha
Karannagoda.
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