The Silk Road Journal by Mahika Ming The Global Young Leaders Dialogue (GYLD) is an initiative of the Chinese NGO think tank Center for China & Globalization (CCG) in association with the Academy of Contemporary China & World Studies. The main objective of this initiative is to develop a global community engaged in positive trans-cultural…
Fitch Ratings: The National Ratings on Sri Lankan banks remain constrained by the sovereign credit profile (CCC), Fitch Ratings says. The highest National Rating for domestic banks with ratings driven by their intrinsic credit profiles is ‘AA-(lka)’. This is the highest point on the national scale that corresponds to an international scale rating of ‘CCC’…
By Dr. Roshan Rajadurai The recent move by the government to ensure the availability of fertiliser critical for the country’s agriculture sector is welcomed by all industry stakeholders – including the Regional Plantation Companies (RPCs), which cultivate tea, rubber and other plantation crops. This is a crucial source of support at a time the tea…
By Sudath Perera, Managing Partner, Sudath Perera Associates Pursuant to the World Anti-Counterfeiting Day, which fell on 8th June 2021, we are reminded of the severe impact and threat of counterfeit and pirated products on our lives and the economy. The World Anti-Counterfeiting Day was established by the Global Anti-Counterfeiting Group (GACG) to address the…
Perceived Economic Opportunity Index 2021 [PEOI] Q2: March to June, 2021 This month we mark ten years of tracking the perception of economic opportunities among the people of Sri Lanka via the Perceived Economic Opportunity Index (PEOI). Having begun in July 2011 this measurement continued every month except for a short break in 2015 and…
Reuters – Sri Lanka paid a $1 billion bond last week, but the alarming state of its finances suggests it may have been just another step towards its first sovereign default. All the tell-tale crisis signs are there: bonds at nearly half their face value, debt-to-GDP levels above 100%, over 80% of government revenues being…
Sustainability is a word we hear more frequently now in the corporate domain. Organisations are waking up to the need to come up with solutions not geared just for the here and now, but for the foreseeable future. Brandix Apparel Limited saw this future well in advance, opening the world’s first LEED Platinum rated apparel…
By Manoj Udugampola At a time Sri Lanka is in much need of increasing its foreign exchange reserves, the vast untapped potential of the country’s rubber exports industry requires due attention. To place the rubber sector’s foreign exchange earning potential in context, the Export Development Board (EDB) had earlier set a target of USD 4.4…
The Silk Road Journal by Mahika Ming In August Sri Lankans will be paying homage to the Buddha’s tooth relic in Kandy with the Perahera pagent. The Buddha was a great philosopher who preached for the benefit of all especially the lowest levels in the society to overcome their grievances. The ceremony has in fact…
Corporate sentiment remains frozen as the nation grapples with economic challenges Sri Lanka’s manufacturing Purchasing Managers’ Index (PMI) increased by 8.3 index points to 50.4 in June, indicating a slight recovery from the adverse impacts of the third wave of the pandemic. The Central Bank of Sri Lanka notes that this was largely driven by…
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