Gradient Alliance News Bulletin February 2016

The only source for a roundup of key Sri Lankan News.

Economic News

World Bank highlights SL’s progress and key challenges. French oil giant Total to explore oil in the East. ETCA under pressure due to its’ lack of transparency. ADB “reorients” with SL to receive about USD 2bn. Stock market closes at 6,192.81 in Feb. (-2.3% YoY).

Business News

Tourist arrivals in Jan. 2016 up 24.4% YoY to 194,280. Vehicle reg. falls 34.5% YoY in Jan. 2016. Dialog and Airtel to merge?. Business sentiment index falls to 151 in Jan. (-6 pts MoM).

Consumer News

Consumer confidence index falls to 70 (-5 pts MoM). Deflation returns in Jan 2016, -0.7% YoY. Imported rice prices up. MA’S Curry Paste and Seasoning range in new packaging.

Gradient Alliance News Bulletin – February 2016

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• World Bank highlights SL’s progress and key challenges.
• French oil giant Total to explore oil in the East.
• ETCA under pressure due to its’ lack of transparency.
• ADB “reorients” with SL to receive about USD 2bn.
• Stock market closes at 6,192.81 in Feb. (-2.3% YoY).

In Business news:

• Tourist arrivals in Jan. 2016 up 24.4% YoY to 194,280.
• Vehicle reg. falls 34.5% YoY in Jan. 2016.
• Dialog and Airtel to merge?.
• Business sentiment index falls to 151 in Jan. (-6 pts MoM).

In Consumer news:

• Consumer confidence index falls to 70 (-5 pts MoM).
• Deflation returns in Jan 2016, -0.7% YoY.
• Imported rice prices up.
• MA’S Curry Paste and Seasoning range in new packaging.

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