It is customary to assess an aspect of the performance of a country using a composite index such as the Ease of Doing Business Index or the Network Readiness Index. For government services, the indicator of choice is the e Government Development Index (EGDI), published every two years by the UN Department of Economic and…
ICRA Lanka Limited, subsidiary of ICRA Limited, a group company of Moody’s Investors Service, has reaffirmed the issuer rating of Bank of Ceylon (BOC or the Bank) at [SL]AAA (pronounced SL triple A). The outlook on the rating is revised to Negative from Stable. Rationale The revision in outlook factors in BOC’s moderate capitalisation levels…
How can you judge the quality of customer service? Inspiring customer confidence can range from solutions that seem too mundane, yet necessary such as, ‘How quickly my calls are answered or returned’, to things like ‘Do they anticipate my needs and protect me from making mistakes? Do they have my back when things go wrong?’…
Pre-Policy Analysis – First Capital Research Oct 2019 Previous Pre-Policy report; CBSL reduces its policy rates by 50 bps Contrary to our expectation, CBSL, decided to reduce SDFR and SLFR by 50bps each to 7.00% and 8.00% respectively, one policy meeting ahead of our forecast, with the aim of boosting credit flows to productive sectors…
By Chandana Aluthgama: With the conclusion of Insurance Awareness Month Mr. Chandana Aluthgama, the Treasurer of the Insurance Association of Sri Lanka, one of the leading bodies behind the organization of the events, programs and activations that make up the month of September, discussed his views on several aspects of the industry including penetration, value,…
Biz confidence dips marginally with election preparations kicking into high gear The tallest tower in South Asia (a.k.a. Lotus Tower) was ceremonially opened in Colombo on 16 September, following a delay of four years from its expected launch date. While representing a milestone for Sri Lanka, it has since been marred by allegations of large-scale…
By Dr. Ganeshan Wignaraja: Global stock markets seem jittery once again. After substantial rallies during the first half of 2019, stock markets have given back much of their gains over the last two months. Against fears over a global recession, an intensifying trade war between the US and China, and an increased likelihood of a…
Business Sentiment – Index Regains Pre 4/21 Footing In mid-August, the cabinet approved a proposal to present a Vote on Account (VoA) with the aim of allocating government expenditure for the first quarter of 2020. This move is attributed to the belief that it wouldn’t make sense to introduce a fully fledged budget in the…
Land Price Index (LPI) for Colombo district compiled by the Central Bank of Sri Lanka, reached 132.2 during the first half of 2019, recording an increase of 13.6% compared to the first half of 2018. The three sub-indices of LPI, namely Residential, Commercial and Industrial have contributed to this increase. Industrial LPI recorded the highest…
This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a random sample of 400 men and women covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months of the year 2019. STATUS OF JOB PROSPECTS OR BUSINESS…
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