More Filters
There were 609 results found for:

All Regions and All Sectors

Interview

Indrajit Coomaraswamy, Governor, Central Bank of Sri Lanka: Interview
OBG
plus

Interview:Indrajit Coomaraswamy How will the Active Liability Management Act affect the country’s public debt? INDRAJIT COOMARASWAMY: In the past, government borrowing for any given year was limited to the cash flow requirement specified in the Appropriation Act. However, the Active Liability Management Act of 2018 provides for additional borrowing to build buffers specifically for the purpose…
Interview

Dilshan Wirasekara, CEO, First Capital Holdings: Interview
OBG
plus

Interview:Dilshan Wirasekara How has domestic volatility impacted capital flows, and how can market players mitigate this risk? DILSHAN WIRASEKARA: Sri Lanka has experienced significant shifts in interest rates and exchange rates, in addition to high levels of foreign debt and a debt-to-GDP ratio of almost 80% that led to major volatility in the domestic market. These conditions in 2018 were…
Interview

R Renganathan, Chairman, Ceylinco Life Insurance: Interview
OBG
plus

Interview:R Renganathan What actionable steps are required for Sri Lanka to improve its overall insurance penetration rate, which hovers around 1%? R RENGANATHAN: At the end of 2017 the insurance penetration in Sri Lanka as a percentage of GDP stood at 1.24%. Of this, long-term insurance accounted for 0.54%, while the contribution from general insurance was 0.70%. The number of long-term policies…
Interview

Damitha Kumarasinghe, Director-General, Public Utilities Commission of Sri Lanka (PUCSL): Interview
OBG
plus

Interview:Damitha Kumarasinghe What can the Least Cost Long-Term Generation Expansion Plan (LCLTGEP) do to improve energy independence and balance public and private spending? DAMITHA KUMARASINGHE: The LCLTGEP is designed to meet rising electricity demand for the least cost and fulfil our policy goals related to energy security and self-sufficiency, especially in the electricity sector. The…
Interview

Parag Khanna, Founder and Managing Partner, FutureMap: Interview
OBG
plus

Interview:Parag Khanna How will the geopolitical rise of larger economies such as China and India shape the development of smaller Asian economies? PARAG KHANNA: India’s economy is only one-fifth the size of China’s, but it is primed to experience at least one or two decades of rapid and continuous growth. However, the Association of South-East Asian Nations has a larger GDP than India,…
Interview

Thilan Wijesinghe, Chairman, National Agency for Public- Private Partnership (NAPPP): Interview
OBG
plus

Interview:Thilan Wijesinghe What factors are most important when undertaking successful public-private partnerships (PPPs)? THILAN WIJESINGHE: The most important aspect of undertaking successful PPPs is attracting the right skills and working collaboratively with public sector officials, who bring their own special skill set. Prior to embarking on PPP projects, evaluations must be carried out…
Interview

Champika Malalgoda, Director-General, Board of Investments (BOI): Interview
OBG
plus

Interview:Champika Malalgoda How will volatility in the domestic market impact short-term foreign direct investment (FDI) inflows, and how will the BOI mitigate risk? CHAMPIKA MALALGODA: The BOI’s actions have helped to maintain an upward-trending FDI inflow over recent years. However, reinvestments from existing investors are playing a substantial role in achieving rapid and considerably…
Viewpoint

Prime Minister Ranil Wickremesinghe: Viewpoint
OBG
plus

Viewpoint:Ranil Wickremesinghe Large populations, which have previously been seen as an economic burden, are now seen as marketplaces for products, services and ideas. Around 4bn of the world’s population is in Asia. This represents not only a marketplace for products and ideas, but also a marketplace for futuristic imagination, invention and innovation. The Asian Development Bank has…
Analysis

Asia saw a year of trade deals and disputes in 2018

Posted OBG AdminPosted in Uncategorized

While 2018 is unlikely to earn the description of a time of significant global trade cooperation, the year did end on a note of cautious optimism for advocates of open trade, when, at the G20 summit in Buenos Aires, the US declared a 90-day truce in its 10-month-long trade war with China. It is hoped that this ceasefire will stand, leading to talks between the world’s two largest economies…
Analysis

Sri Lanka's economic growth driven by gains in exports and tourism sector

Posted OBG AdminPosted in Uncategorized

On October 26, 2018 President Maithripala Sirisena rescinded the mandate of Prime Minister Ranil Wickremesinghe to lead the government. Although the Prime Minister Wickremesinghe was reinstated on December 16, the constitutional crisis weakened business sentiment and impacted already slowing growth. The economy grew by 3.3% year-on-year (y-o-y) for the first nine months of 2018, with the rate…