Sri Lanka has been witnessing a persistent weakening of its export capacity, with the exports to GDP ratio falling to a low of 16.4 per cent in 2012, and a declining share of the global export market. In 2012, earnings from exports contracted by 7.4 per cent, and have continued to contract by 8.1 per [...]
Market has seen the second consecutive negative year after the bubble burst in 2011. In 2011 ASPI dropped by 22% from all-time peak in February to year end and in 2012 the market drop has been more moderate with a drop of 7.1% albeit a considerable drop in a year where global markets have performed [...]
The budget proposals for 2013 continued to be welfare-oriented and forecasted an ambitious 5.8% deficit (down from a forecasted 6.2% in 2012). The total proposed revenue for the year 2013 amounts to LKR 1,278bn while expenditure amounts to LKR 1,785bn, of which LKR 1,267bn is accounted as recurring. Overall, the 2013 [...]
In line with the incumbent governments five year development agenda under the “five hub concept”, the budget proposals for the years 2011 and 2012 were unveiled and were hailed as “pro investor/ pro consumer” budgets. Expenditure on large scale development projects, simplification of the existing tax structure, and promotion of import substitution activities comprised the [...]
Chevron Lubricants Lanka PLC (a subsidiary of the global giant Chevron Corporation [CVX: US]), the market leader in the Sri Lankan lubricant industry, has come through a journey against plenty of challenges and has remained steady amidst a strong competition. Top-line has improved at a CAGR of 13% after the dip in 2009 and the [...]
View article at source KEY DATA
View article at source MICRO TRENDS
STOCK PICKING IN TOUGH TIMES Hasitha Premaratne lays out a prudent strategy to invest in the stock market at a time of bearish sentiment – as has been the case for most of this year The market fell 21 points in July and a further 90 points in early August, as average daily turnover [...]
Investor Sentiment Bound to Improve in the Future Samantha Amerasinghe sees a bright light at the end of the dark tunnel Due to elevated inflation pressures, Sri Lanka is not able to reduce interest rates, unlike its regional counterparts. Headline inflation, at 9.8 per cent year-on-year (y-o-y) in July (up from 9.3 per cent y-o-y in June) is [...]
Confidence in Positive Territory The upbeat sentiment endures as the distinctive indicator of biz confidence advances for a second consecutive month The sheer resilience of local business, in spite of the many curveballs thrown its way – be it in the form of abrupt policy amendments or a worsening global economic scenario – is indeed [...]
View article at source MICROCOSM
For a start I would like to congratulate you on your very powerful editorial last Sunday. The recent resignation of Thilak Karunaratne and the appointment of Nalaka Godahewa as the new SEC Chairman is a blow for good governance. Nalaka Godahewa is a qualified professional and therefore he has technical knowledge to be in the [...]