President Sirisena told the Chartered Accountants that politicians (elected officials) will rob only if officials (appointed) support. Therefore, the process of appointed blocking the elected robbing & vice versa is necessary. It won’t be tough if existing laws aren’t averted at all times. The ‘buck’ may pass till 2030 general election unless the public reject…
The turn of the global interest-rate cycle, underlined by the US Federal Reserve’s 50bp Federal Funds target rate cut in September, should ease foreign-currency debt-repayment burdens and refinancing challenges for many emerging market (EM) issuers, says Fitch Ratings. Fitch expects the US rate-cutting cycle to be modest compared with historical cycles. However, we still expect…
By Jithendra Antonio Transforming Conflict into Opportunity for a Thriving Future In a world increasingly fragmented by geopolitical conflict, Sri Lanka has a remarkable opportunity to establish itself as a sanctuary for global talent and displaced professionals. Spanning over 65,000 square kilometers with a GDP of $74 billion at present, this island nation can strategically…
Fitch Ratings: The turn of the global monetary policy cycle this year, with rate cuts in the US, the eurozone and other major economies, has been a significant contributor to investor confidence and a fairly benign global macro and credit environment, Fitch Ratings says in the latest Risk Headquarters report. However, geopolitical and political risks,…
Sri Lankans are known for breaking coconuts wishing destruction of opponents or enemies. However, despite an election in the corner, maybe due to increased price, that practice isn’t common. To address the difficulties faced by the consumers due to high prices, the Coconut Cultivation Board has launched mobile sales trucks providing coconuts to consumers at…
The unique index skyrockets to a 42 month high following the presidential poll With a general election on the horizon, Sri Lanka stands at a pivotal point once again, as the country’s future rests in the hands of those who will be elected to govern. Meanwhile, the business community has had its say on the…
Contingent debt instruments used in Zambia, Ukraine, Sri Lanka Instruments will be discussed at IMF World Bank in Washington BIS research shows past instruments have been costly for issuers Reuters – The recent cascade of countries defaulting on their debt has brought back into vogue complex securities – born in the 1980s – that aim…
Mr. Nishantha Hewavithana, Senior Vice President of the Research & Strategy Division at the Colombo Stock Exchange (CSE), provides a brief overview of the evolving landscape of sustainability, its interconnected dimensions, and the pivotal role corporations can play in building a sustainable future. What is Sustainability? Is it achievable? Sustainability, defined by the UN in…
By Chandula Idirisinghe and Nishamini Ihalagedara In 2023, Sri Lanka’s goods and services exports made up nearly 20.4% of GDP, with manufacturing exports contributing 14%. However, the country’s merchandise export mix remains highly concentrated, with 77% of export income coming from industrial goods, mainly apparel, and just 22% from agricultural exports. This lack of sufficient…
By Prof. Samitha Hettige Political ‘Retirement’ & ‘Rest & Recuperation’ are hot topics in the run-up to the 2024 General Election. Retirement is the ‘act of stop working & leaving a job, usually due to old age (Ref. Cambridge). ‘Rest & Recuperation’ (R&R) is a practice where individuals can take regular authorized time off to…
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