manusath-derana

Analysis

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

Cautious optimism on economic front ahead of presidential poll – Survey

According to the latest monthly LMD-Nielsen Business Confidence index (BCI) survey a third of those consulted by Nielsen, for LMD’s publisher Media Services anticipates that the economy will improve over the next 12 months whereas 38% expect economic condition to worsen. “Due to the upcoming elections, we believe that the economy will continue to remain…

(0)Comments | November 1, 2019 4:58 pm

e-Government – Sri Lanka is still the leader in the region

It is customary to assess an aspect of the performance of a country using a composite index such as the Ease of Doing Business Index or the Network Readiness Index.  For government services, the indicator of choice is the e Government Development Index (EGDI), published every two years by the UN Department of Economic and…

(0)Comments | October 29, 2019 2:58 pm

ICRA Lanka revises outlook on issuer rating of BOC to Negative

ICRA Lanka Limited, subsidiary of ICRA Limited, a group company of Moody’s Investors Service, has reaffirmed the issuer rating of Bank of Ceylon (BOC or the Bank) at [SL]AAA (pronounced SL triple A). The outlook on the rating is revised to Negative from Stable. Rationale The revision in outlook factors in BOC’s moderate capitalisation levels…

(0)Comments | October 21, 2019 9:04 am

Elevating the standard of customer service in life insurance: Lessons from Softlogic Life

How can you judge the quality of customer service? Inspiring customer confidence can range from solutions that seem too mundane, yet necessary such as, ‘How quickly my calls are answered or returned’, to things like ‘Do they anticipate my needs and protect me from making mistakes? Do they have my back when things go wrong?’…

(0)Comments | October 18, 2019 9:48 pm

Previous rate cuts portends no further policy actions for 2019

Pre-Policy Analysis – First Capital Research Oct 2019   Previous Pre-Policy report; CBSL reduces its policy rates by 50 bps Contrary to our expectation, CBSL, decided to reduce SDFR and SLFR by 50bps each to 7.00% and 8.00% respectively, one policy meeting ahead of our forecast, with the aim of boosting credit flows to productive sectors…

(0)Comments | October 8, 2019 1:44 pm

The various facets of the Insurance industry

By Chandana Aluthgama: With the conclusion of Insurance Awareness Month Mr. Chandana Aluthgama, the Treasurer of the Insurance Association of Sri Lanka, one of the leading bodies behind the organization of the events, programs and activations that make up the month of September, discussed his views on several aspects of the industry including penetration, value,…

(0)Comments | October 3, 2019 9:58 pm

Business sentiment – Hanging in the balance!

Biz confidence dips marginally with election preparations kicking into high gear The tallest tower in South Asia (a.k.a. Lotus Tower) was ceremonially opened in Colombo on 16 September, following a delay of four years from its expected launch date. While representing a milestone for Sri Lanka, it has since been marred by allegations of large-scale…

(0)Comments | October 1, 2019 11:08 am

A weakening global economy calls for a consensus on Sri Lanka’s priorities

By Dr. Ganeshan Wignaraja: Global stock markets seem jittery once again. After substantial rallies during the first half of 2019, stock markets have given back much of their gains over the last two months. Against fears over a global recession, an intensifying trade war between the US and China, and an increased likelihood of a…

(0)Comments | September 14, 2019 7:57 pm

Biz confidence makes a comeback – but not without the spectre of lingering concerns

Business Sentiment – Index Regains Pre 4/21 Footing In mid-August, the cabinet approved a proposal to present a Vote on Account (VoA) with the aim of allocating government expenditure for the first quarter of 2020. This move is attributed to the belief that it wouldn’t make sense to introduce a fully fledged budget in the…

(0)Comments | September 3, 2019 2:41 pm