The Department of Census and Statistics (DCS) has released the estimated Gross Domestic Product at current prices and at constant (2010) prices in Production approach and other macroeconomic indicators for the third quarter of 2016.
The Management Accountancy profession has come a long way in Sri Lanka, having spread its wings across many local sectors-then why not a management accountant for Sri Lanka’s widespread cooperative sector too, asked the Sri Lankan Minister in charge of Cooperative Policy on 15 December.
The Index of Industrial Production (IIP) is an important indicator of economic performance and its main purpose is to provide a measure of the short-term changes in the volume of industrial production over a given period of time. It can be used to identify the turning points in economic development at an early stage. DCS is pleased to release the Monthly IIP for October 2016 and from this point this index will be released monthly with a time lag of 45 days. The base year for the IIP compiled by DCS is 2015. IIP value of difference base years cannot be compared.
“Identified areas of bilateral cooperation could be strengthened through public private partnership” said Minister of Industry and Commerce Rishad Bathiudeen on 14 December in Colombo. Minister Bathiudeen was addressing the Tajikistan Business Meeting (with the participation of Tajikistan President Emomali Rahmon at Cinnamon Grand on 14 December.
The World Bank Board has approved a $75 million credit from the International Development Association (IDA) to support Sri Lanka’s main welfare programs by developing an integrated system to better manage the selection, administration, and payments to beneficiaries of the programs. The project will contribute to improving the equity, efficiency and transparency of the social safety net.
Republic of Tajikistan which has the same protection for both local and foreign businessmen under its law is willing to strengthen economic ties with Sri Lanka, said visiting Tajikistani President Emomali Rahman yesterday in Colombo.