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Month: October 2021

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  • Lack of Budget Credibility a Significant Challenge to the 2022 Budget With Intensification of the “Closed” Culture, Says Verité Research

Lack of Budget Credibility a Significant Challenge to the 2022 Budget With Intensification of the “Closed” Culture, Says Verité Research

Verité Research’s BudgetPromises dashboard on the PublicFinance.lk platform sheds light on two questions aboutSri Lanka’s budget: “is the Government doing what it is saying?” and “is the Government saying whatit…

Expolanka makes history becoming the first company on CSE to reach Rs.400 billion market capitalization

Expolanka Holding PLC (EFL) last week became the first company on Colombo Stock Exchange (CSE) to reach Rs.400 billion in market capitalization. Capitalizing on favourable pricing trends in the logistic…

Sri Lanka’s rising food prices belies deeper economic issues

By Dushni Weerakoon Sri Lanka recently passed emergency regulations to deal with food shortages and price increases. Such powers are typically invoked to address public security concerns. But in this instance, they…

Sri Lanka’s Capital Alliance Partners with BetaOne Investments to Enter Bangladesh’s Thriving Merchant Banking Sector

Sri Lanka’s leading player in the Capital Markets services sphere entered into an investment and partnership agreement with Bangladesh’s BetaOne Investments Limited as it continues with its journey to realize…

CBSL expects inflation to deviate from its targeted levels

The Central Bank of Sri Lanka expects headline inflation to deviate somewhat from the targeted level of the 4-6 percent range in the near term while continuing to prioritize policy…

Central Bank of Sri Lanka holds policy interest rates steady

The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 13 October 2021 decided to maintain policy rates at current levels In consideration of the…

Sri Lanka’s Fastest-Growing Apparel Manufacturer Hela Clothing Officially Joins U.S. Cotton Trust Protocol

The U.S. Cotton Trust Protocol welcomes global apparel manufacturer Hela Clothing, a provider of sustainability-focused supply chain solutions, as a new member. With facilities located in Sri Lanka, Kenya, Ethiopia…

International community strikes a ground-breaking global minimum corporate tax rate sans Sri Lanka and three others

Major reform of the international tax system finalised yesterday at the OECD will ensure that Multinational Enterprises (MNEs) will be subject to a minimum 15% tax rate from 2023. The…

Navigating through High Maritime Freight Rates

By Imesha Dissanayake Maritime Freight rates have been on an upward trend since the second half of 2020. The Drewry’scomposite World Container Index (WCI) as of 30th September 2021 increased…

Making state-owned enterprises work for commercial investors

By William P. Mako, David Robinett State-owned enterprises have long provided crucial infrastructure and other goods and services across Asia and the Pacific. Historically, these companies raised money directly from governments, or…