Analysis

Analysis: Emerging markets feel the heat of the ‘bondfire’

LONDON (Reuters) – Just when developing economies were ready to bask in the post-COVID rebound in global growth, in sweeps a bond market blaze to scorch them again. Most major investment banks were predicting a stellar 2021 for emerging market assets as long as one crucial snag – global borrowing costs rising too fast –…

(0)Comments | March 3, 2021 9:48 am

Sri Lanka’s corporates pause on how they view the outlook for business

Business Sentiment – BIZ Confidence Stabilises As far as biz sentiment goes, 2020 had its ups and downs – the LMD-Nielsen Business Confidence Index (BCI) oscillated between a high of 174 basis points at the beginning of the year, fell progressively thereafter against a backdrop of an unprecedented pandemic until August when it bounced back…

(0)Comments | March 1, 2021 12:27 pm

The Cycle of Human Rights

The Silk Road Journal – By Mahika Ming Xinjiang in north western China has had entertained visitors coming into Great China for more than 2500 year along the ancient silk road. It was also known as the envoy road and according to archaeological records, details about more than 1400 high level diplomats and dignitaries have…

(0)Comments | March 1, 2021 10:57 am

Repatriation and Conversion of Export Proceeds: Why are these measures needed?

On 18 February 2021, the Monetary Board issued Rules in respect of repatriation of export proceeds into Sri Lanka and conversion of such proceeds into Sri Lanka rupees, and also issued Operating Instructions to Licensed Banks on the same. The above Rules and Operating Instructions, which would supplement the repatriation requirement already in place, were…

(0)Comments | February 24, 2021 6:36 am

Moving with world with fewer movements

The Silk Road Journal – By Mahika Ming UN Secretary-General Antonio Guterres addressing a virtual meeting of the United Nations Security Council on COVID-19 recently called for a global plan to vaccinate against COVID-19. The former socialist Prime Minister of Portugal who now heads the world body warned that inequities at the first stages that…

(0)Comments | February 19, 2021 1:33 pm

One year later: The path to carbon negative – a progress report on our climate ‘moonshot’

By Brad Smith, President, Microsoft. A year ago, we launched the biggest commitment in Microsoft’s history to focus on the climate crisis. As Satya Nadella, Amy Hood, and I announced last January, Microsoft committed to become carbon negative as a company by 2030 – meaning that by that date we will remove from the environment more carbon than we emit. By 2050, we…

(0)Comments | February 18, 2021 12:55 pm

Rated Sri Lankan Corps Less Exposed to Sovereign than Banks

Fitch Ratings-Colombo-17 February 2021: Fitch Ratings views most rated Sri Lankan corporates as less vulnerable than local financial institutions to the sovereign’s financial distress. This is because most rated corporates have a combination of strong business profiles, low leverage, sound liquidity, and limited exposure to government. On the other hand, local financial institutions’ ratings are…

(0)Comments | February 17, 2021 1:48 pm

Chrysotile cement roofing sheets; a misunderstood yet vital component of Sri Lanka’s construction industry

Sri Lanka has a long established history of using fibre cement roofing sheets, namely chrysotile roofing sheets which are otherwise referred to as white asbestos. Being the choice of construction giants across the local industry, chrysotile has maintained a presence of over 60 years in Sri Lanka. The reason for the success of this material…

(0)Comments | February 17, 2021 8:35 am

Which countries would benefit most from an IMF SDR increase

LONDON (Reuters) – Group of Seven finance ministers are expected on Friday to back a new allocation of the International Monetary Fund’s own currency, or Special Drawing Rights, to help low-income countries hit by the coronavirus pandemic. We explain what SDRs are, how they are used and which countries could benefit the most. WHAT ARE…

(0)Comments | February 15, 2021 7:12 am

History is moving forward and the world will not go back! – Xi Jinping

The Silk Road Journal – By Mahika Ming The Peoples Republic of China (PRC) issued a white paper on the country’s international development cooperation in January 2021. The paper focused on strengthening PRC’s transnational network titled “China’s International Development Cooperation in the New Era” was released by the State Council Information Office elaborating on the…

(0)Comments | February 11, 2021 10:08 am