Devan Daniel

Or, more correctly, what Sri Lanka proposed to the IMF under the $2.9 billion EFF programme and what that means for economic reforms.

With a majority of Sri Lankan women locked out of the economy or not allowed to make their own decisions about keeping a job, an essay written 71 years ago resonates still.

For two millennia Sri Lanka’s self-image has been bound to one crop: rice. The rice farmer is also venerated. The scantiness of the loincloth, the sunburnt sweat-soaked dusky skin, the mud-caked limbs straining muscle and sinew at the plough, evoke strong emotions-a poignant throwback to plentiful food over the millennia. But is rice farming sustainable?

Over millennia, protecting rice farmers' lot has been a priority for Sri Lankan rulers. Their place in society was assured because they were the only defence against famine.

Fitch Ratings' Sri Lanka Country Manager Maninda Wickramasinghe discusses the impact of the sovereign rating downgrade on the economy and banking sector, and suggests the next steps needed for a post-COVID recovery

Heavy banking weightage sinks all three hypothetical portfolios for the first time since we started this exercise, but the outlook for 2021 is equity-positive.

For Ganaka Herath, Managing Partner at McKinsey Sri Lanka, resetting strategy may not be the ideal way out of this Covid-19 economic crisis for most companies.

It was an unsurprising yet highly anticipated quarter! However, companies like Expolanka, a few export companies, and conglomerates like Hayleys and Hemas impressed

Hela’s founders nearly drove the company off the edge in their impatience for top line growth. After a shakeup, the company is in better shape than ever, and on top of Covid-19

On a quest to digitalize global supply chains for faster growth, the group led by its global logistics business EFL reported record profits during the COVID-hit June quarter.

The combined revenue of listed companies rated by Fitch will fall by Rs30 billion this year but revenues of telcos will be stable while beer and liquor sales recover the fastest

Expectations are high, but can banks revive a struggling economy?

Sri Lanka's AIA Insurance is strongly capitalized above the industry

THE DISPUTE WHICH OFTEN PLAYS OUT AS ONE OF ‘COAL VS GREEN ENERGY’ IS TAKING ITS TOLL. SRI LANKA NEEDS LARGE POWER PLANTS; AND QUICKLY

Bankers discuss the impact of an unprecedented economic relief package

ASSESSING THE IMPACT OF THE ONE-YEAR DEBT MORATORIUM FOR SMALL BUSINESSES IS DIFFICULT. IT’S NOT AS BAD AS INITIALLY BELIEVED. ONE THING IS CLEAR, IT IS LIKELY TO BENEFIT THE BANKS THE MOST

THE COMPANY IS DOUBLING THE NUMBER OF KEELLS SUPERMARKET OUTLETS MOSTLY IN THE AFFLUENT WESTERN PROVINCE

Two other model portfolios beat the market’s 3.2% gain in the reference period, a year to end November 2019, while one underperformed

As Sri Lanka heads into another election year in 2020, listed equities, which have declined by 16% since 2015 is ready for takeoff, suggest experienced fund managers and market analysts invited by Echelon to discuss asset allocations in 2020, short term economic prospects and economic growth sustainability. Niloo Jayatilake, Head of Investments at listed Softlogic Holdings; Rusiru Abeyasinghe, Chief Executive at National Asset Management (NAMAL); Naveen Gunawardane, Managing Director and Co-founder of Lynear Wealth Management; Amal Sanderatne, Chief Executive and Founder of Frontier Research; and Danushka Samarasinghe, Chief Executive at Softlogic Capital Markets, agree on the outlook for the economy, equities and fixed income assets, but they defer on real estate and have diverse views on the way forward for Sri Lanka’s economy.

DATA AND FIXED BROADBAND WILL DRIVE MODEST GROWTH IN AN ENVIRONMENT OF CHEAP TARIFFS