Sri Lanka’s inflation, as measured by the change in the Colombo Consumers’ Price Index (CCPI), increased to 4.8% in December 2019 from 4.4% in November 2019, the Department of Census and Statistics reported. The CCPI for all items for the month of December 2019 was 132.4 and it records an increase of 0.7 index points…
Corporates are optimistic following a series of encouraging policy implementations According to the latest monthly LMD-Nielsen Business Confidence index (BCI) survey, almost two-thirds (up from less than a third in the prior month) of respondents consulted by Nielsen, for LMD’s publisher Media Services, anticipate that the economy will improve in the next 12 months. This…
Earnings of listed companies in the September quarter have declined by 9.6% to Rs.45.8 billion largely owing to a weaker performance by Insurance, Consumer Services, Capital goods and Beverage and Tobacco sectors. Analysing interim financials reported by 264 companies, First Capital Research revealed that September quarter earnings dipped by 9.6%YoY to LKR 45.8Bn primarily due…
Sri Lanka’s activities in the economy improved post-presidential election driven by positive sentiments from the local investors, a rating agency said. “Bourse saw gains especially in Manufacturing, Trading, Power & Energy, and Beverage, Food, & Tobacco sectors. Demand for government securities surged causing the yield curve to push down easing off the cost of borrowing…
The Government of Sri Lanka (GoSL) reduced variety of taxes substantially in an attempt to revive the economy, which could possibly cost over LKR 500 Bn according to government’s own estimates. Whilst acknowledging the potential boost to the aggregate demand and corporate profitability from the fiscal stimulus in the short-run, ICRA Lanka believes Sri Lanka…
An increasing number of families are now opting to move to luxury apartments in search of a self-contained environment with easy access to essential facilities like quality schools, hospitals and the airport. Green spaces among amenities from sports facilities to kids play areas, childcare centres and entertainment facilities have become the go-to place for families…
~ Prime Lands offers a trusted path for anyone looking to journey into the real estate market For the vast majority of people, purchasing land or other forms of real estate is simply about picking an ideal location and negotiating the lowest price. However, not only does this line of thinking oversimplify the process, but…
Sri Lanka’s presidential election significantly increases policy uncertainty and could prompt loosening that exacerbates fiscal weaknesses and a rollback of reforms, Fitch Ratings says. However, whether these risks materialise remains to be seen as a clear policy direction may only start to emerge after parliamentary elections. Gotabaya Rajapaksa of the Sri Lanka Podujana Peramuna (SLPP)…
Standard Chartered Bank (SCB), in a note to investors, said that the new government will have 4-5 years to tackle the twin challenges of boosting growth and improving debt sustainability. “We expect GDP growth of 2.6% in 2019, and a wide fiscal deficit of 5.9% of GDP, with risks of slippage. Government debt will remain…
According to the latest monthly LMD-Nielsen Business Confidence index (BCI) survey a third of those consulted by Nielsen, for LMD’s publisher Media Services anticipates that the economy will improve over the next 12 months whereas 38% expect economic condition to worsen. “Due to the upcoming elections, we believe that the economy will continue to remain…
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