Records 13% increase in January : Exports poised for strong performance

Despite the huge damage caused by the tsunami to the economy, the country's export sector is showing signs of stronger performance during this year. The export figures of January recorded a 13% increase to Rs. 47.8 billion, surpassing the figures of the corresponding period of the last year of Rs. 42.3 billion in 2004.

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Monetary Board stresses priority for public enterprise reform program

The Central Bank of Sri Lanka in its Monetary Policy Review highlighted the need to give priority to strengthen the public enterprise reform program among other measures to contain expansion of domestic credit. The Monetary Board noted with caution that the high monetary and credit growth should be arrested to prevent further inflationary pressures being built up.

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