APAC economies’ continued strength will be conducive for the stability of bank credit profiles in the region, Fitch Ratings says in a report that also looks at a variety of other key credit issues, including the regional impact of recent high-profile bank failures outside of APAC. Our outlooks for banks’ Issue Default Ratings, operating environments…
Sri Lanka is a small island with not much resources but an energetic & talented population of approx. 22 million. They include a variety of shapes, colours & sizes. Preventing conflicts among them & preparing them to match global acceptance levels is the challenge. During the pre colonial era the masses weren’t exposed to the…
When the civil war in Sri Lanka ended in 2009, the apparel sector was one of the first industries to enter the Northern Province, hoping to infuse much-needed investment to rebuild the community. Over a decade later, the apparel industry remains the only large manufacturing sector that has ventured north to set up large-scale operations…
Manufacturing high-end leatherwear since 1982; asserts country remains top spot for investors When Sri Lanka opened its Free Trade Zones in Katunayaka, Biyagama and Koggala in the mid ‘70s and ‘80s, the country’s unique geographic location proved to be the biggest advantage to prospective foreign investors who saw immense potential in the tiny island. Being…
By Prof. Samitha Hettige The Belt and Road Initiative (BRI) is China’s logistics network for international trade. Since opening up in 1979, China focused on developing the national economy and decided to invest the trade surplus outside China. It is referred to as economic dual circulation. As a result, China has developed trade and social…
Service providers must be given golden opportunities to monetise infrastructure investment to further propel the country’s economic growth. Introduction of Independent and empowered mobile tower companies (TowerCos) could unlock nearly USD 1 Billion in foreign direct investment over the next five years and provide connectivity to five million under-connected Sri Lankans, opines Gayan Koralage, Director…
Biz confidence shores up in the aftermath of the IMF’s facility being approved The IMF’s US$ 3 billion Extended Fund Facility (EFF), which was approved on 20 March, has surely been instrumental in bolstering business confidence. And efforts to restructure Sri Lanka’s mountain of debt has since taken a positive turn with three key sovereign…
Sri Lanka’s merchandise exports decreased by 1.96 % to US$ 1,037.5 Million in March 2023 compared to March 2022. Moreover, it is a 5.14 % decrease when compared to March 2021. Less demand created for major products in major markets due to the current economic situation further continues. Major Exports in March 2023 A. Products…
Perceived Economic Opportunity Index [PEOI] 2023 Q1: January 01 to March 31, 2023 The optimism of the Sri Lankan people is at rock bottom. But a distant glimmer of hope has appeared. The Foundation of Economic Freedom in Sri Lanka (FEFSL) presents here a summary of perceptions of the people of Sri Lanka about their…
By Securities and Exchange Commission of Sri Lanka Sustainable Financing Sustainable finance refers to any form of financial service integrating Environmental, Social and Governance (ESG) criteria into the business or investment decisions for the lasting benefit of both clients and society at large. Presently, a number of securities regulators are focused on whether the sustainable…
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