November 11, 2014 SL slips in World Prosperity Index but best in South Asia Sri Lanka has slipped for the second consecutive year in the World Prosperity Index compiled by Legatum Institute. As per the latest measurement of well-being of country’s people and its wealth, Sri Lanka was placed at number 62, down from 60th last year and 58th in 2012. In 2009 Sri Lanka was ranked 68 and improved to 59 in 2010 and fell to 63 in 2011 before moving up again to 58th in 2012. However, within South Asia, Sri Lanka’s ranking is the best with Nepal was ranked 96th, India 102nd, Bangladesh 104th, Pakistan 127th and Afghanistan 137th.-Daily Ft National Index for inflation Speaking to Ceylon FT, the Census and Statistics Department Director General, D. C. A. Gunawardena said, his department was in the process of introducing a national index for inflation, eliminating the Colombo Consumers Price Index (CCPI). We are going to change the inflation basket next year; not only that, we are going to introduce a national index covering all the districts. With the government policies food prices are stable, and international prices are not in an upward movement, he said. –Ceylon Today Brent climbs towards $84 Brent crude rose towards US$ 84 a barrel on Monday, climbing for a second straight session amid heightened military activity in Ukraine and as chaos in Libya again threatened disruptions to the countrys oil output and exports. A slew of weak economic data from China offered further evidence the worlds second largest economy was cooling, opening the door for Beijing to implement stimulus measures that could spark demand in what is also the worlds No. 2 oil consumer.-Ceylon Today Ornamental fish featuring notably in 14 percent export growth Sri Lanka has earned USD 7.34 billion from exports up to August this year, recording a positive growth of 14 per cent when compared to the corresponding period in 2013, said Sri Lanka Export Development Board Chairman cum Chief Executive Officer Bandula Egodage. Addressing a gathering at the First International Ornamental Fish Trade Conference in Colombo yesterday he said despite many constraints and challenges faced by local exports domestically and internationally, the willingness shown by them to sustain continuous growth was commendable.- The Island Sri Lankan launches new A330-300 with non-stop service to London National Carrier Sri Lankan Airlines began commercial operations on its newly-acquired Airbus 330-300 with a direct non-stop service to London on Sunday 9 November. The brand new A330-300, the first of seven such aircraft on order from Airbus, was inducted to SriLankan’s fleet last month, launching its wide body fleet renewal and replacement program with the aim of reducing costs, improving operational efficiencies and providing an enhanced product offering to customers. -Daily Ft Most Asian Stocks Climb as Topix Advances on U.S. Rally Most Asian stocks rose, with the regional benchmark index heading for its third day of advance, as Japan’s Topix index climbed after the Standard & Poor’s 500 Index extended a record rally on earnings optimism. Three shares rose for each that fell on the MSCI Asia Pacific Index (MXAP), which added less than 0.1 percent to 140.96 as of 9:04 a.m. in Tokyo. Asian stocks jumped yesterday as regulators in Shanghai and Hong Kong said a trading link between the bourses would start Nov. 17.- Bloomberg Gold Climbs as Physical Buying Counters Lower Investment Demand Gold advanced on speculation that prices near a four-year low spurred physical purchases even as investment demand waned. Silver, platinum and palladium rose.- Gold for immediate delivery increased as much as 0.5 percent to $1,157.30 an ounce, and was at $1,156.91 at 9:20 a.m. in Singapore, according to Bloomberg generic pricing. The metal fell yesterday to $1,147.46 and dropped to $1,132.16 on Nov. 7, the lowest level since April 2010.- Bloomberg
Posted on: Tue, 11 Nov 2014 03:06:58 +0000
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