Gradient Alliance News Bulletin March 2016

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

Economic News

Sri Lanka to borrow another USD 3bn. Taxes galore as govt struggles to make ends meet. Port City back on, its official. Sri Lankan economy grows a slow 4.8% in 2015. Stock market closes at 6, 071.88 in March. (-1.9% YoY).

Business News

Tourist arrivals in Feb. 2016 up 19.4% YoY to 197, 697. Vehicle reg. falls 25.4% YoY in Feb. 2016. Tea production drops to 22.9m kgs in Feb 2016. Business sentiment index falls to 138 in Feb. (-13 pts MoM).

Consumer News

Consumer confidence index falls to 65 (-5 pts MoM). Inflation rises 1.7% YoY in Feb. 2016. Prima wheat flour prices increased. Body Shop comes to Sri Lanka.

Gradient Alliance News Bulletin – March 2016

In Economic news:

• Sri Lanka to borrow another USD 3bn.
• Taxes galore as govt struggles to make ends meet.
• Port City back on, its official.
• Sri Lankan economy grows a slow 4.8% in 2015.
• Stock market closes at 6,071.88 in March. (-1.9% YoY).

In Business news:

• Tourist arrivals in Feb. 2016 up 19.4% YoY to 197,697.
• Vehicle reg. falls 25.4% YoY in Feb. 2016.
• Tea production drops to 22.9m kgs in Feb 2016.
• Business sentiment index falls to 138 in Feb. (-13 pts MoM).

In Consumer news:

• Consumer confidence index falls to 65 (-5 pts MoM).
• Inflation rises 1.7% YoY in Feb. 2016.
• Prima wheat flour prices increased.
• Body Shop comes to Sri Lanka.

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