Lion Brewery (Ceylon) PLC (AAA(lka)/Stable), the leader in Sri Lanka’s beer market, could face more competition in the medium term following Distilleries Company of Sri Lanka PLC’s (DIST; AAA(lka)/Stable) decision to acquire beer producer Heineken Lanka Limited, Fitch Ratings says. Heineken is a distant second in Sri Lanka’s beer market for now, but we believe…
By Dr Kapila Fonseka, General Manager – ZinCaT Technology Sri Lanka’s Information Technology sector is facing a significant challenge with a surge in labor migration among its middle management. This trend primarily affects middle management, starting from senior developers, who are the most experienced individuals within IT companies. Consequently, firms struggle to find suitable replacements,…
Walter Disney founded ‘Disneyland’ in USA to earn money. The brand despite ups & downs was a success & hence expanded to Japan & other places including Egypt. Some during the budget discussions compare SL to ‘Disneyland’. Others may feel SL should be renamed ‘Pin-Lanthaya’ (services provided as charity (pin) from birth to death) &…
Tight liquidity and funding conditions, uncertainty about China’s macroeconomic outlook and property sector, and geopolitical event risk remain the core macro-credit risk themes heading into 2024, Fitch Ratings says in the latest version of its Risk Headquarters report. Despite recent data signalling continued disinflation in major developed economies, the continued resilience of the US consumer…
The targets laid out in Sri Lanka’s budget for 2024 will be challenging to meet, even with the economic recovery that we expect to continue next year, says Fitch Ratings. The fiscal deficit is set to be wider than our current forecast of 7.1% of GDP in 2024 in light of the new data, even…
By Dr Kapila Fonseka, General Manager – Zincat Technology SMEs and a growing number of startup companies are the foundations on which the Sri Lankan economy rests. These are not mere economic units but rather embody the soul of ingenuity and strength that define Sri Lankans. These enterprises and startups have played a crucial role…
By Manisha Weeraddana In a small roadside hut in Nattandiya, Asoka Malini, a returnee migrant worker, spends her days with a handful of vegetables. She worked for 6 years in Saudi Arabia as a housemaid and a care worker, earning a monthly salary of LKR 20,000. As a mother of two, Asoka now faces an…
SL is begging for wealth. Some citizens suffer in the Middle East to help the effort while others (& some media) make & market internal conflicts to earn wealth. Some import SL conflicts for domestic use. Those who count the number of Chinese ships coming to SL don’t talk about the money ships bring as…
By Kimuthu Kiringoda and Himani Vithanage In Sri Lanka, only 7.7% of working-age females are engaged in formal employment with decent wages and decent working hours. The country’s persistent challenge of low female labour force participation is compounded by a multitude of unique barriers to improving women’s access to decent work. Decent work is multifaceted,…
Latest ‘Mood of the Nation’ poll shows a large reversal in sentiment The approval rating of the government fell from 21% in June 2023 to 9% in October 2023 according to the latest round of the Gallup style ‘Mood of the Nation’ poll of Verité Research. The survey showed that satisfaction with the state of…
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