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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...
02
Feb

CB’s independence likely to be tested this year: economists

The independence of the country’s Central Bank is likely to be tested in 2017, a development that could undermine the macroeconomic gains made in 2016, economists cautioned during a forum in Colombo organised by the country’s leading trade chamber last week. “Going forward, if...
27
Jan

Economists say govt. policy reforms ad-hoc, unsystematic

The government’s current reform agenda is both ad-hoc and unlikely to be completed, according to a panel of economists who said this could exacerbate the current low growth climate, adding to the woes of a volatile coalition administration. “These are a series of ad-hoc reforms...
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...
16
Dec

CPDC holds Budget Discussion

The Continuous Professional Development Committee (CPDC) of the Association of Professional Bankers of Sri Lanka organised a Discussion on the Budget on 25 November at the BOC Auditorium. Aravinda Perera, former Managing Director of Sampath Bank, Duminda Hulangamuwa, Senior...
03
Dec

Central Bank flags FDI and export slumps

While the government is harping on adopting neutral foreign and liberalized trade policies to push exports and investments, positive policy pronouncements do not appear to bear tangible results by trickling into the official data, economists say. According to official...
11
Nov

Private sector upbeat on Budget proposals

Private sector stakeholders and independent analysts yesterday hailed the 2017 Budget proposals describing them as, “progressive, sensible, and reinforcing continuity,” as well as providing greater clarity on the Government’s policies. Initial reactions to tax proposals were...
06
Nov

PM spells out Sri Lanka’s third generation of economic reforms

Sri Lanka plans to overcome the current economic challenge by uplifting the country from a lower –middle-income country to a higher –middle income country in the first instance and thereafter to a high –income country within the next 3 to 4 years. With the aim of achieving...