Inflation to drop further

Tuesday, 03 February 2015 - 20:20

In December 2014, headline inflation on a year-on-year basis was at 2.1 percent compared to 1.5 percent in the previous month.

Core inflation, which directly measures underlying price pressures, continued to remain between 3-4 percent while decelerating to 3.2 percent in December 2014 from 3.6 percent in November.

While low inflation is mainly attributable to contained demand pressure in the economy, it was also supported by favourable supply side developments, particularly the downward revisions in domestic energy prices in the last few months of 2014.

Share market record drop
Wednesday, 05 August 2020 - 20:20

The Colombo Stock Exchange ended the day trading at 5,146.44, indicating a decline.30.4 million shares traded during the day, with a daily turnover of... Read More

Cashew Corporation opens new outlet in Ambepussa
Wednesday, 05 August 2020 - 14:12

The Cashew Corporation has opened a new outlet in front of the Ambepussa Rest House, which is frequented by local and foreign tourists.Its Chairperson,... Read More

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Tuesday, 04 August 2020 - 15:21

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