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…
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…
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