First Capital Research has trimmed down its Rate Cut probability to 50% from the previous Dec 2019 expectation of 100% probability, considering the recent major policy changes, specifically due to the tax benefits, moratorium on loans and easing of capital adequacy to stimulate the consumer demand and revive growth in the economy. Following is the full…
The Asian Development Bank (ADB) signed a $5 million financing facility with PT SASL and Sons Indonesia (PTSASL), a subsidiary of the Silvermill Group (Silvermill)—one of Sri Lanka’s largest manufacturers and exporters of coconut-based products—to expand the group’s operations in Indonesia. ADB’s facility will promote the development of a coconut agro-industry in Central Sulawesi, with…
Director General Asanga Abeyagoonasekera from the Institute of National Security Studies Sri Lanka (INSSSL) was invited for the Global Think Tank Summit 2019 in Rio de Janeiro Brazil to Chair the plenary panel and speak on ‘Thinking about the Future of Think Tanks and Public Policy in an Age of Insecurity and Instability’ The panel…
Sri Lankan economist, academic and author Professor W.D. Lakshman has assumed duties as the new Governor of the Central Bank of Sri Lanka (CBSL). He has officially assumed duties following a brief ceremony at the Central Bank, a short while ago. Professor Lakshman takes over from former CBSL Governor Dr. Indrajit Coomaraswamy, who stepped down…
The Chinese travel market is one of the top ten markets for Sri Lanka, China is a market which consists of high spending tourists who are keen to have a travel experience which is worth their expenditure, and Sri Lanka is one such destination which caters to their holiday and travel requirements at all times….
Headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI, 2013=100) decreased to 4.1 per cent in November 2019 from 5.6 per cent in October 2019 contributed by the statistical effect of the high base prevailed in November 2018. Year-on-year (Y-o-Y) Food inflation decreased substantially to 4.0 per cent in…
Colombo Dockyard PLC (CDPLC) has successfully entered into a contract with Kowa Company Ltd (KOWA) of Japan to supply a pilot boat. The contract was signed on 16th of December 2019 at CDPLC Head Office. Mr. Kazushige Nishiguchi, Department Manager – Ship & Infrastructure Department of KOWA and Mr. Hideaki Tanaka, Chairman of CDPLC signed the…
Fitch has revised the Outlook on Ceylon Electricity Board’s (CEB) National Long-Term Rating to Negative from Stable and has affirmed the rating at ‘AA+(lka)’. The Outlook revision follows the Outlook revision on Sri Lanka’s ‘B’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable; see fitchratings.com/site/pr/10105494 for details. The rating on CEB, which is fully state…
With digitization expected to have profound implications on Small and Medium Sized Practices (SMPs), the South Asian Federation of Accountants (SAFA) together with the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka) launched the Digital Competency Maturity Model (DCMM) in…
Sri Lankan SME sector rejoiced the latest initiative by the new government to suspend recovery of loans obtained by them. The Confederation of Micro, Small and Medium Industries (COSMI) representing the SMEs promptly heaped its praise on the new government for its speedier action to revive domestic SMEs and SME paddy millers through its December…
Video Story
