Sunday, September 1, 2013

Central Bank-Finance Ministry harmonized policies has been fruitful to economy - Governor

Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal last week said that the success of the island’s journey towards a US$ 100 billion economy would depend to a great extent on harmonized policies, clarity of communication, quick implementation, and the maintenance of a vibrant momentum on a continuous basis. Delivering the 18th Annual Tax Oration of CA Sri Lanka, the governor noted that in going forward Sri Lanka must retain one of the most important features of its current economic management, which is that the Ministry of Finance (MoF) and Central Bank (CB) must have a ‘shared’ vision and ‘shared objectives’.

Three more top casinos will lift tourist arrivals by 40%

SL likely to miss 2016 tourism target by 800m, predicts TKS report

Amidst growing debate on whether or not Sri Lanka should allow the functioning of casinos due to both cultural and religious reasons, a recent report by a local brokerage firm has predicted that casinos could, in fact, help boost tourism arrivals into the country by around 40%, if a minimum of three global giants land in Sri Lanka.