Day: January 4, 2017

Sri Lanka central bank sees higher growth in 2017 despite risks

Sri Lanka’s central bank expects the economy to expand between 5.5 and 6.0 percent in 2017, higher than last year’s estimated pace of at least 4.5 percent but lower than earlier forecast due to potential global headwinds, the governor said on Tuesday.

Volkswagen vehicle assembly plant launched in Kuliyapitiya

The ground breaking ceremony of the vehicle assembly plant of the German auto maker Volkswagen was held in Kuliyapitiya yesterday under the patronage of President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe.