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05
May

RECALIBRATING ECONOMIC SENTIMENT AND EXPECTATIONS

As much as we focus on economic numbers and fundamentals, sentiment plays a major role in the direction of an economy. At the time of writing, most commentators, columnists, investors and friends with whom I spoke were pessimistic about the future of Sri Lanka’s economy. And I...
05
Apr

IMPLICATIONS OF THE OVERHAUL OF INFLATION METRICS

It may not be the most exciting area of economic development but one that is very much needed. The Department of Census and Statistics (DCS) updated its Colombo Consumers’ Price Index (CCPI) to a new base year of 2013 from the previous 2006/07. The base was last revised in June...
05
Mar

THE EBB AND FLOW OF EXTERNAL RESERVES

Quite often, growth, inflation, and currency and interest rates hog the headlines when the economy is being assessed and reviewed. While these are important variables for Sri Lanka, reserves deserve equal attention. In an economy such as Sri Lanka’s, reserves could be labelled as...
05
Feb

INVESTOR SENTIMENT WILL DRIVE GLOBAL FUND FLOWS

In recent years, with the economy entering into the classification of being a middle-income per capita nation, Sri Lanka has moved away from its tag of being a ‘donor darling.’ With this shift, there’s also been another noticeable change: an increased reliance on international...
05
Jan

External Headwinds Threaten Domestic Economy

Year 2016 was another period of adjustment for the domestic economy amid more policy inconsistency and changes in the world economy. In particular on the latter, we’ve seen how traditional outcomes and odds have been defied with the Brexit vote and the US presidential election...
15
Oct

Filling fiscal gaps

Sri Lanka’s economy has been on a period of adjustment, burdened by significant debt repayments and fiscal imbalances. Addressing the fundamental issues in the economy so far has required a devaluation in the rupee, obtaining support from the IMF and raising interest rates....
13
Jul

Risk-Free Ride To Retirement

Unlike in most years, giving retirement investment advice in 2016 is easier. In Echelon’s 2015 Retire Rich issue, I said “The opportunity is to stay in cash and not invest, but wait because assets become very cheap, both fixed income and equity, and then when the dust settles,...
22
May

Mobile number portability desirable or not?

Many users of telecom services in Sri Lanka after a while tend to stick with their respective mobile service provider. This tends to be the case even when rival service providers offer attractive incentives such as free minutes, free messaging, etc. One reason for this is due to...
11
May

2016 The State of State Enterprises in Sri Lanka Report

Sri Lanka’s State Enterprises have burdened the taxpayer and have delivered little returns. Advocata's inaugural publication looks at the state of the state enterprises and looks at how they can be reformed.
26
Jan

Opinion: Rite of passage, boom and bust cycle of the economy

Where economic performance is concerned, Sri Lanka tends to emphasize on the importance of economic growth or GDP growth over other economic indicators. This has led to expectations of consistently higher growth rates over time. However, we have not as yet been able to maintain...
12