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The Central bank of Sri Lanka has mentioned the growth of Sri Lankan economy is in successive level according to its annual report of 2013 in recently. It has further mentioned that the Sri Lankan economy rebounds recoding 7.3 percent though there are some criticisms by opposition about the practices of government development and monitory handling. Since 2005, the government is leading its development plans according to the Mahinda Cinthanya which is the guide line for core schedule of national development necessities .It has been planned the national development requirements as a joint formulation considering the national economy levels up to standards of developed countries. Therefore, the central bank annual report is very important to realize the behaviors of Sri Lankan economy in 2013 according to Mahinda Cinthanaya. The Five Fold Hub concept in Mahinda Cinthanaya was 2014 A REMARKABLE MARITIME YEAR The Five Fold Hub concept in Mahinda Cinthanaya was introduced by the president to promote Sri Lankan values in the world marketing arena to enhance the local’s affordability among other countries. 7 objectives of the maritime sector (that belongs to state service sector) in Sri Lanka, container handling, Ro- Ro handling, providing Bunkering facilities, Water, food & medicine supplies, crew exchanging facilities, trained crew supplying, dockage, transshipment of cargo facility, manufacturing &industrial area facilities have opened as the sector necessities and it has been a large investment for whenever. The newest project of SLPA at MRMR port the Bunkering facilities were declared opened by the President and has now opened for the maritime Silk route users. The Present success of the main development projects of the island, as highways, ports, power houses, aviation operations and agricultural programs, are earning incomes this year more than 2013 and therefore the 2014 will be a specific year in Sri Lankan economy. We can expect the next year, 2014, as fifth consecutive year that will continue the inflation level with a single digit. According to this facts, the government monitory controlling systems have been criticized by some experts mentioning three primary challenges as (1) introduced by the president to promote Sri Lankan values in the world marketing arena to enhance the local’s affordability among other countries. The 2013 annual report of Central Bank in Sri Lanka has shown the reality of the graters happiness of the government’s effort for this revolution change. This report has pointed out its view, using some figures to prove the economic achievements during the past year. According to this report, the inflation of the country remains at a single digit level for the fifth consecutive year. By the end 2013, the head line inflation was 4.7 per cent on year on year basis and 6.9 per cent on an annual average basis. The report has further mentioned the moderation in inflation and these expectations helped reduce wage pressures in the economy and rise investor confidence. After 30 years of war, the government focused its eyes on the country’s socio – economic developmental needs to uplift the living standards of people in every part of the country. Therefore, the government continues the process of infrastructures and superstructure developments to every corner of the country to obtain vital attraction of the world wide new investors. According to this report, Sri Lankan maritime sector has become to the expected targets within the past four to five years. As the main Policy uncertainty and inconsistency with respect to macro-economic and trade and industry policy (2) Administrative, bureaucratic and organizational constraints and (3) Relatively high production cost; I think, these challenges will be defeated by the government in 2014 marking the year a historical and a remarkable one. Kawya Indrajith
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