Business Sentiment – A Less Mercurial Barometer The implications of Budget 2023 – and a reassessment of cash flows, assets and liabilities – will occupy the minds of corporates as the new tax rates and policies kick in. But there’s been a sense of optimism in recent times even as people acknowledge and realise that…
LONDON/JOHANNESBURG, Nov 30 (Reuters) – Sri Lanka owed Chinese lenders $7.4 billion – nearly a fifth of its public external debt – by the end of last year, calculations by the China Africa Research Initiative (CARI) published on Wednesday showed, an estimate higher than many others. The figure was above the “often-quoted 10 to 15…
Fitch Ratings’ banking sector outlooks for emerging markets (EMs) and developed markets (DMs) in the Asia-Pacific (APAC) are neutral, despite economic headwinds stemming from the weakening of demand in key global export markets, high inflation and the lagged effect of higher interest rates in most APAC economies. We expect most APAC EM banking systems to…
By J.D.K.Ruwandika The 7th Interdisciplinary Conference of Management Researches (ICMR 2022), organized by the Faculty of Management Studies (FMS), Sabaragamuwa University of Sri Lanka (SUSL), was ceremoniously concluded on 16th & 17th November 2022. Mr. Seneviratne, the Group Chief Executive of Sri Lanka Telecom PLC, was one of the invited eminent keynote speakers of the…
The FDI Colombo Port City (CPC) came to SL in 2014 as part of the BRI of the Peoples Republic of China (PRC). The BRI has so far invested more than 150 billion USD in the 150 plus BRI partner countries and organizations. As SL is in a crisis the CPC should be completed in…
SL is in an economic crisis due to the mismanaged welfare system. With no focus on state income generation and trade promotion, Sri Lankans opted for free meals, tax cuts and subsidies. It’s simply the public immaturity to understand the theory of how tax money comes back to the people. As technology is easily accessible,…
Advocata Institute’s Bath Curry Indicator (BCI) , which tracks changes in the retail price of food in Colombo that typically goes into a packet of rice, recorded a year on year increase of 53% in October 2022. Compared to June 2022, prices of the BCI basket of food have been declining. The average price of…
By Imesha Dissanayake The COVID-19 pandemic and the subsequent economic crisis revealed vulnerabilities in the Sri Lankan economy and weakened its economic state. Given the severity of the challenges faced, the economy is now at a fragile state with many crises at hand. One such crisis is the electricity crisis where sporadic power cuts even…
By Prof. Samitha Hettige Sri Lankans generally forget but suddenly remembered the long fuel queues which existed few months back in the past few days. Those who drive electric cars couldn’t make new friends at the fuel queues during the shortages. The European Union recently agreed on enacting new laws to systematically reduce and finally…
Perceived Economic Opportunity Index 2022 [PEOI] Q1: July 01 to September 30, 2022 The Foundation of Economic Freedom in Sri Lanka (FEFSL) presents here a summary of perceptions of the people of Sri Lanka about their own and the nations’ future as at the end of the third quarter of 2022. This forward-looking monthly nation-wide…
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