manusath-derana

Analysis

Sri Lanka receives 1.9Mn tourists in 2019; witness 18% drop

Sri Lanka received 1.9 million tourists last year, with December recording the highest number of arrivals with 241,663 tourists since the Easter bombings in April the latest data released by the  Sri Lanka Tourism Development Authority (SLTDA) showed. According to official data, 1,913,702 tourists had visited Sri Lanka in 2019. It is a decline of 18.0% from the 2,333,796…

(0)Comments | January 7, 2020 2:07 pm

Sri Lanka’s inflation 4.8% in December

Sri Lanka’s inflation, as measured by the change in the Colombo Consumers’ Price Index (CCPI), increased to 4.8% in December 2019 from 4.4% in November 2019, the Department of Census and Statistics reported. The CCPI for all items for the month of December 2019 was 132.4 and it records an increase of 0.7 index points…

(0)Comments | January 7, 2020 12:42 pm

Post- election sentiment surges  

Corporates are optimistic following a series of encouraging policy implementations According to the latest monthly LMD-Nielsen Business Confidence index (BCI) survey, almost two-thirds (up from less than a third in the prior month) of respondents consulted by Nielsen, for LMD’s publisher Media Services, anticipate that the economy will improve in the next 12 months. This…

(0)Comments | January 6, 2020 3:18 pm

Listed firms earnings declined by 9.6% to Rs.45.8Bn in Sep quarter

Earnings of listed companies in the September quarter have declined by 9.6% to Rs.45.8 billion largely owing to a weaker performance by Insurance, Consumer Services, Capital goods and Beverage and Tobacco sectors. Analysing interim financials reported by 264 companies, First Capital Research revealed that September quarter earnings dipped by 9.6%YoY to LKR 45.8Bn primarily due…

(0)Comments | December 19, 2019 11:06 am

Economy improved after election driven by positive sentiments from local investors : ICRA

 Sri Lanka’s activities in the economy improved post-presidential election driven by positive sentiments from the local investors, a rating agency said. “Bourse saw gains especially in Manufacturing, Trading, Power & Energy, and Beverage, Food, & Tobacco sectors. Demand for government securities surged causing the yield curve to push down easing off the cost of borrowing…

(0)Comments | December 18, 2019 10:20 am

Fiscal Stimulus: A boost in the aggregate demand in the short-run, but can create instability in the long-run – ICRA Lanka

The Government of Sri Lanka (GoSL) reduced variety of taxes substantially in an attempt to revive the economy, which could possibly cost over LKR 500 Bn according to government’s own estimates. Whilst acknowledging the potential boost to the aggregate demand and corporate profitability from the fiscal stimulus in the short-run, ICRA Lanka believes Sri Lanka…

(0)Comments | December 9, 2019 3:21 pm

Re-inventing the self-contained urban living experience

An increasing number of families are now opting to move to luxury apartments in search of a self-contained environment with easy access to essential facilities like quality schools, hospitals and the airport. Green spaces among amenities from sports facilities to kids play areas, childcare centres and entertainment facilities have become the go-to place for families…

(0)Comments | December 1, 2019 8:18 pm

Pushing past the pitfalls of purchasing property

~ Prime Lands offers a trusted path for anyone looking to journey into the real estate market For the vast majority of people, purchasing land or other forms of real estate is simply about picking an ideal location and negotiating the lowest price. However, not only does this line of thinking oversimplify the process, but…

(0)Comments | November 21, 2019 6:07 pm

Fitch Ratings: Sri Lanka Election Result Increases Policy Uncertainty

Sri Lanka’s presidential election significantly increases policy uncertainty and could prompt loosening that exacerbates fiscal weaknesses and a rollback of reforms, Fitch Ratings says. However, whether these risks materialise remains to be seen as a clear policy direction may only start to emerge after parliamentary elections. Gotabaya Rajapaksa of the Sri Lanka Podujana Peramuna (SLPP)…

(0)Comments | November 21, 2019 12:21 pm

IMF support is critical to improve country’s fiscal and debt sustainability – SCB

Standard Chartered Bank (SCB), in a note to investors, said that the new government will have 4-5 years to tackle the twin challenges of boosting growth and improving debt sustainability. “We expect GDP growth of 2.6% in 2019, and a wide fiscal deficit of 5.9% of GDP, with risks of slippage. Government debt will remain…

(0)Comments | November 19, 2019 10:50 am