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18
Jun

Sri Lanka’s FDI opportunity

Sri Lanka has made a swift transition from concessional debt funding to commercial borrowing over the last decade. Since 2007, Sri Lanka has had 11 successful international sovereign bond issuances, with the latest offering in early May. The latest issue attracted the highest...
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...
03
Apr

Sri Lanka struggles to build foreign reserves

A South Korean ship unloads its cargo of cars at a terminal in Hambantota port, providing the only sign of life at Sri Lanka's newest harbor, sited on its southern coast. The rest of this $1.4 billion port, built with a loan from the Export-Import Bank of China, sits idle. In...
20
Mar

Cultivating the capital market

Capital Market Conference 2017 came alive with straight talk and futuristic observations on the Sri Lankan economy, with the need for consistent policies and prompt execution intertwining through the discussions. Organised for the fifth consecutive year by UTO EduConsult; the...
16
Mar

Drought will block Sri Lanka from 2017 growth pace officials see: economists

Sri Lanka's 2017 growth rate is likely to be significantly lower than the government and central bank forecast, mainly due to a severe drought and tight monetary and fiscal policies, private economists said. The island nation's economy grew 4.4 percent in 2016, below the...