Sri Lanka’s Exports to Rise 12 Percent This Year, Official Says

Oct. 6 (Bloomberg) -- Sri Lanka’s exports are likely to rise as much as 12 percent in 2010, a central bank official said, allaying concerns growth is slowing after the island in July reported the smallest increase in shipments this year.Overseas sales rose for a sixth month in July, boosted by higher tea and rubber prices. Still, shipments grew only 0.6 percent that month from a year earlier, versus 23 percent in June, as sales of textiles and garments dropped 11 percent, data from the Central Bank of Sri Lanka show.