Sri lanka's exports rises

Your Ad Here

                               Sri Lanka’s exports during the month of June rose 32 percent to US $.620 million while the expenditure on imports also increased 50 percent to US $1.6 billion, resulting in a trade deficit of US $850 million over the same period of the previous year.

The data released by the Central Bank also showed that despite a 35 percent growth in export income, Sri Lanka’s trade deficit has expanded to US $ 4250 million for the first half of the year 2011.
For the first six months of 2011, the cumulative expenditure on imports rose 46.5 percent to US $ 9.3 billion over the first half of 2010.

President reviews progress of Southern Expressway in Sri Lanka

 Sri Lanka President Mahinda Rajapaksa Tuesday met with the officials of Ministry of Ports and Highways and reviewed the progress of Sri Lanka's first toll highway, Southern Expressway.
The President has said at the progressive meeting yesterday that the Expressway should not be opened until it is completed up to acceptable standards
                                                        

63,835 tourist arrivals in April

April saw yet another surge in tourist arrivals.
Overall April arrivals were 63,835 compared to April 2010 which was 38,300.
Total arrivals from January to April this year were 278,959.
In the period under review, the closest neighbour India generated 52,181 visitors to Sri Lanka with a 90 percent increase for April mainly due to the vacation period, followed by traditional markets UK (37022), Germany (20,928) and France (19,577).
Healthy growth was also reported from the Middle East, Eastern Europe, Scandinavia, and North America.
"A strong selling point we toss into our markets is that Sri Lanka is one of the safest destinations in the world," said Acting Director General of the Sri Lanka Tourism Development Authority Vipula Wanigasekera.
"In addition to the regular promotions to create awareness and interest and also to meet with stiff competition, the Authority has significantly focused attention on matters within the country towards Investments, Product and Infrastructure Development. Current strategy of the Tourism Authority includes 'ensuring a happy stay' taking into consideration that the tourist is the best promoter of a destination for where he had spent a holiday.