Articles Posted in the News Category

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    High Growth Will be Dearer in 2015

    The expectation that the economy can maintain the post-war growth momentum is a foregone conclusion in Sri Lanka. People everywhere in Sri Lanka have come to expect more and better infrastructure, more government jobs and low prices. But this trend may not…

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    New Land Law Can be Attractive

    The controversial new Land (Restrictions on Alienation) Act has the potential to attract more foreign investment but the administration’s inability to instill confidence is restricting domestic and foreign investors. “We are a small country and space is limited so it is understandable that there need to…

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    Keells Retail Recovers

    The Consumer Food & Retail (CF&R) sector of the John Keells Holdings group returned to profit in the third quarter of the 2014 financial year after six straight quarterly losses. The business consists of the…

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    Construction Boom Highlights New Financing Needs

    Jonathan Alles, Managing Director, Hatton National Bank, recalls how difficult it was to get a guarantee for even Rs100 million in infrastructure financing in the early 2000s. Today, the typical quantum is around Rs 1…

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    Poultry profits seen improving

    Poultry producers have been struggling for the last two years because the government has been controlling the retail price of chicken. What price increases the Consumer Affairs Authority did allow – the last was a…

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    Insurance – problems and prospects

    From the first quarter of 2014 insurance companies will be required to provide risk-based capital (RBC) in their quarterly reporting in tandem with the current solvency reporting. Having used fixed capital standards as a primary…

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    Glass – half full or empty?

    Piramal Glass Ceylon, the sole container glass manufacturer in the island, has reported a slowdown in earnings and a drop in domestic volumes. Sales have slowed specially to key local customers in the food and…

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    Gold’s lost lustre takes shine off bank profits

    Falling global gold prices have hit financial institutions with significant portfolios of gold-backed loans, or pawning advances. Rating agencies had warned that the drop in gold prices could be painful for financial institutions like banks…

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    All noise, no signal

    The Economist recently ran a contest inviting readers to submit captions. One of the winners was “All signal, no noise”. While the Economist remains one of the few publications that could attempt to justify such…

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    Protectionist syndrome

    Global Trade Alert, a monitoring service, has a world map on its website showing both protectionist and liberalising measures countries have taken. There have been some 400 new protectionist measures put in place each year…