There were 90 results found for Sri Lanka and Financial Services

There were 90 results found.

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…

Analysis

Bond yields on the Colombo Stock Exchange expected to be bullish over medium term
OBG
plus

Ahead of a $1bn sovereign bond maturing in January 2019, Sri Lanka went through a major political crisis during the fourth quarter of 2018, which led to an extensive legal battle. Despite economic data indicating no serious threat to inflation and private sector credit, the heavy liquidity shortage in the market and the uncertain political environment resulted in a spike in domestic yields…

Analysis

Sri Lanka's banking sector moves to comply with global regulations
OBG
plus

Sri Lanka’s banking sector is currently implementing major changes in the way business is done, due mainly to the rollout of Basel III and International Financial Reporting Standard 9 (IFRS 9) regulations. Stricter capital requirements are pushing non-bank financial institutions (NBFIs) to consolidate, while a host of new rules are being collated for the country’s emerging financial technology…

Analysis

Market returns in Sri Lanka look positive thanks to economic and public investment reforms
OBG
plus

Sri Lanka’s third quarter 2018 GDP growth dipped to a record eight-year low of 2.9% – compared to 3.3% in the third quarter of 2017 and 3.7% in the second quarter of 2018 – leading to a cumulative expansion of 3.3% for the first nine months of 2018, which was expected to continue to the end of the year. The struggle was primarily evident in the industrial segment, which rose by a mere…

Country Report

The Report: Sri Lanka 2019
OBG
plus

Sri Lanka’s promising progress with regard to free trade agreements, alongside finance reforms and ambitious growth strategies for manufacturing and ICT, look set to encourage increased foreign direct investment in 2019 – with 2018 having seen the highest levels on record. This should help offset the effects of political and economic volatility, as well at the increasing trade deficit that res

Overview

CEOs tip textiles to lead Sri: Lanka’s export revival in 2018
OBG
plus

As Sri Lanka sharpens its focus on achieving $20bn in export earnings by 2020, executives interviewed for OBG’s most recent Business Barometer: Sri Lanka CEO Survey have resoundingly voted for textiles and apparel as the export segment likely to experience the highest rate of growth in overseas shipments in 2018. Some 77% of CEOs who took part in our face-to-face survey predicted that the…

Overview

Export outflows and investment inflows set to grow in Sri Lanka
OBG
plus

Trade and investment activities in Sri Lanka benefit from the country’s location along busy Indian Ocean trade routes, access to the larger markets of India and Pakistan, abundant agricultural and industrial exports, and a young skilled workforce. Value-added textiles have joined tea, rubber and spices to become a major export earner in recent years, while foreign direct investment (FDI)…

Analysis

Sri Lankan stock market outlook
OBG
plus

Sri Lanka had a challenging year in 2017, with GDP growth slowing notably to 3.3% in the third quarter, from 4.6% during the same period the previous year. The country was affected by a series of natural disasters and a dengue fever epidemic, which impacted tourist arrivals, retail, construction and agriculture, while driving the inflation index to highs of 7.8% in October. Together with the…

Analysis

Sri Lankan bond market outlook
OBG
plus

Monetary tightening and the Central Bank of Sri Lanka (CBSL) flexible exchange rate policy served to cool the economy by slowing down credit to desired levels and controlling inflation to some degree. The economy, which saw significant weakness in 2016 and the first quarter of 2017, readjusted accordingly. Starting in February 2017 foreign investors returned at a slow and steady pace, resulting…

Interview

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

Interview:Indrajit Coomaraswamy How will the Inland Revenue Act affect the tax structure and foreign direct investment (FDI)? INDRAJIT COOMARASWAMY: The Inland Revenue Act will simplify the tax structure and widen the tax base. It addresses declining government revenue-to-GDP ratios and increases tax progressivity. The introduction of taxpayer identification numbers, and efforts to improve…

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There were 90 results found for Sri Lanka and Financial Services

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