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Sri Lanka central bank seen keeping key rates at multi-year lows on Tuesday COLOMBO: Sri Lanka's central bank is expected to keep its key policy rates steady on Tuesday, a Reuters poll showed, in a sign it expects private sector credit growth to recover after rates were slashed to multi-year lows at the start of the year.The central bank has cut the repurchase rate by 125 basis points (bps) and reverse repurchase rate by 175 bps between December 2012 and January 2014 to stimulate economic growth, which picked up to 7.3 percent last year from 6.3 percent in the previous year.Private sector credit grew 5.2 percent year-on-year in January, the slowest expansion since May 2010. In December, credit was 7.5 percent higher than a year ago, and in January 2013 it grew an annual 15.5 percent.The central bank has estimated the $67 billion economy would grow 7.8 percent this year. Copyright Reuters, 2014


Singapore industrial production seen staying firm in March SINGAPORE: Singapore's industrial production in March likely expanded from a year earlier, rising for the ninth straight month, a Reuters poll showed, after a recent survey pointed to a continued expansion in manufacturing activity.The median forecast in a Reuters survey of 12 economists showed that manufacturing output in March was estimated to have increased by 6.3 percent from a year earlier.In February, manufacturing output had surged 12.8 percent from a year earlier.On a month-on-month, seasonally ...

Turkish central bank sells 7bn lira in repo, bids 13.53bn lira ISTANBUL: The Turkish central bank injected 7 billion lira ($3.3 billion)into the market in a one-week repo auction on Monday at a fixed simple rate of 10 percent, data showed. Bids totalled 13.53 billion lira for the repo, which matures on April 28. Copyright Reuters, 2014

Japan's digital eyes show your emotions for you TOKYO: Can't be bothered to show anyone what you're thinking? Then a Japanese scientist has the answer -- a pair of digital eyes that can express delight and anger, or even feign boredom.Building on a long line of slightly wacky and not-very-practical inventions for which Japan is famous, Hirotaka Osawa has unveiled the "AgencyGlass"."I wanted to build a system that is capable of carrying out social behaviours for humans," he told AFP.Just as robots can ...

Oman's Bank Sohar Q1 net jumps 31pc DUBAI: Oman's Bank Sohar, in talks to merge with larger rival Bank Dhofar, reported on Monday a 31 percent year-on-year jump in net profit for the first quarter of this year to 7.96 million rials ($20.7 million). Net loans and advances climbed 17 percent to 1.31 billion rials, while customers' deposits increased 8 percent to 1.41 billion rials. Copyright Reuters, 2014

Spanish banks face tough rivalry in small companies bet MADRID: Across Spain, the message is hard to miss in office windows showcasing offers: banks want to lend to small companies again. After gorging on property lending in the run-up to a financial crisis, banks are looking to revive high-margin loans to businesses as the economy emerges from a prolonged slump and bond-trading income slumps.But intense competition among lenders only just pulling back from a turf war on deposit rates risks taking the shine off ...

Indonesia's inflation seen slowing in April JAKARTA: Indonesia's central bank expects inflation to ease in April, for a rise of 7.2 percent on the year, an official said on Monday, compared to 7.32 percent the previous month. Deputy Governor Perry Warjiyo said the bank estimated inflation on a monthly basis would be below 0.1 percent. The country's current-account deficit is also expected to stand at below 2 percent of gross domestic product in the first quarter of the year, according to ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln