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Industry experts urge disillusioned local investors to ‘buy when it’s down and sell when it’s up’ In a highly volatile atmosphere and with low investor confidence in the Colombo Bourse, experts earlier this week went against the negative sentiments and instead stated that now is the time to buy. These views were aired at a ...
Sri Lanka’s banking industry reflects a “very high risk” assessment of economic resilience and credit risk in the economy, and a “high risk” assessment of economic imbalances, says the Standards and Poor’s. The Rating agency in its latest Banking Industry Country Risk Assessment, assigned Sri Lanka’s Banking sectors economic risk score of ‘8’ and an industry ...
Ballooning trade gap Even with the multitude of measures taken to curb imports, Sri Lanka's cumulative trade deficit widened to nearly US$ 1.7 billion in the first two months of the year with earnings from exports increasing marginally by 3.3 per cent to US$ 1.8 billion whilst import expenditure shooting by 24.7 per cent to ...
Nivard Cabraal and subsequently showcased by politicians the sad reality of the economy of Sri Lanka ha...
In the meantime, employees who were killed in the Central Bank bombing are being commemorated. 41 Bank employees died in this attack.The commemoration took place at 10.49 a.m. the time in which the suicide attack took place. The commemoration was held under the patronage of Central Bank Governor Ajith Nivard Cabral. The Governor unveiled a ...
The World Bank, painting a bleak picture of the global economy, says Sri Lanka's post-conflict economic rebound is waning and the country is vulnerable to risks associated with falling exports, declin .....
Justice and fair-play is paramount Justice and fair-play are of paramount importance to all members of the world family consisting of 193 nations expecting justice and fair-play equally. It is the principle on which the United Nations was established in place of the less-effective League of Nations, in order to settle differences among nations based ...
IMF Resident Representative Dr. Koshy Mathai made an interesting observation at a seminar in Colombo the other day. He said that the price of milk here was the same as in the USA. In effect Third World Sri Lankans are paying First World American or US prices for their milk (whether it be powdered or ...
By Dr.Laksiri Fernando (Text of DA Rajapaksa Memorial Address) National development is not merely about the economy but the economy is central. It entails economic, social, political, cultural and even moral aspects. The contribution of the North and the East during the last three decades or so was hampered in all these spheres by the separatist and the terrorist war. It is nece...
According to reports, CSE’s Chief Executive Surekha Sellahewa has said that liquidity in the market would be increased by broadening the investor base, increasing listed companies, improving market structure and introducing more asset classes to trade. The Chief Executive was unavailable for comment upon being contacted by the Sunday Leader. However, experts believe that such ...
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