Forward Look

Nov 23, 2007 (LBO) – A manufacturing industry group has organized a forum on Sri Lanka’s monetary developments in a bid to understand what could happen in the future. “Many business enterprises are unsure about the future and wish to understand future scenarios in order to plan their future strategies, take advantage of possible opportunities and mitigate negative impacts,” the Sri Lanka Ceramics Council said.

“This seminar is aimed at giving an insight into some key complex issues to help businesses understand and manage them.”

Sri Lanka’s economy has been subject to severe policy shocks in recent years resulting in high inflation, volatile interest rates and exchange rates.

The seminar on “Current monetary environment and its effects on business enterprises” would be held on the November 26, 2007 at 5.30 p.m. at Galle Face Hotel, Colombo, the Ceramics Council said.

Harsha de Silva, lead economist from LirneAsia, a regional think tank, will speak on a recent dollar bond issue and its impact on business.

“The presentation will analyse the recent 500 million dollar bond issue from a macroeconomic stability perspective; a necessary condition f