Fitch Ratings: The 2024 global credit outlook is driven by four key themes, Fitch Ratings says in a new report. The first is a continued feedthrough of sustained higher interest rates on demand, liquidity, funding and asset quality. Second, an expected sharp slowdown of the US economy. Third is global asset-quality deterioration. Finally, heightened financial…
By Rasith Wickremasinghe COYLE Chairman් The Sri Lankan economy currently grapples with the significant challenges presented by a complex financial situation unfolding in unprecedented ways. As the country tackles the intricacies of this economic turmoil to overcome fiscal obstacles, there is a prevailing sense of concern among the populace. Against this backdrop, the nation contends…
India & SL share deep Buddhist roots. Emperor Ashoka with an eye for the future secured stability in the region by internationalizing the Buddhist civilization. Those who analyze India, China & SL conflicts will have to consider scientific developments & climate change challenges in addition to social & cultural issues in future. Below are two…
Aims at strengthening economic development Research Intelligence Unit (RIUNIT) continues its groundbreaking efforts in shedding light on critical policy matters concerning Sri Lanka’s economic landscape. Their latest series of reports highlights the significance of illicit markets that operate within and beyond the island’s borders. Focused on combating illicit markets and their impact on the nation’s…
By Dr Lakmini Fernando Realising Sustainable Development Goals (SDGs) by 2030 requires substantial investment allocation, especially for developing economies like Sri Lanka. A recent IPS study found that Sri Lanka needs an additional investment of USD 1.4 trillion or 12.5 percentage points of GDP by 2030 to achieve SDGs. Despite Budget 2024 allocating 5.4% of…
China’s first internally developed large cruise ship ‘Adora Magic City’ is ready to sail (323.6 M in length, 72.2 M in height, gross weight 135,500 tonnes, capacity to accommodate approx. 5250 passengers in 2125 guest rooms).The ship will operate from Shanghai managed by an international crew of approx. 1300. It is expected to take routes…
In Sri Lanka’s textile sector, a deep-rooted tradition in natural dyeing spans centuries and is intertwined with the nation’s rich textile heritage. The country’s abundant biodiversity has yielded a diverse range of botanical resources, providing a wealth of natural pigments essential to the garment industry. From vivid shades sourced from turmeric, indigo, and madder root…
The Research Intelligence Unit (RIUNIT) has released a comprehensive report shedding light on the current state of the Sri Lankan Travel and Tourism sector. Despite the challenges posed by the global COVID-19 pandemic and subsequent economic crises, the data reveals promising trends in tourist arrivals and spending, indicating a gradual recovery in the industry, paving…
President Ranil officially launched the International Climate Change University (ICCU) while in the UAE. It will be good for Sri Lankans irrespective of race & religion if they understand the serious threat President is talking about. The global community realizing the seriousness of climate change is working hard for an energy revolution with low carbon…
Business Sentiment -Business Confidence in a Tailspin Biz confidence has nosedived. And we may have to tighten our seatbelts and prepare for a hard landing when businesspeople take cognisance of the budget proposals presented in parliament on 13 November. For the time being, we note that Fitch Ratings has raised concerns about the proposals, asserting…
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