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Rated Sri Lankan corporates less exposed to sovereign than banks: Fitch Ratings
Fitch Ratings views most rated Sri Lankan corporates as less vulnerable than local financial institutions to the sovereign’s financial distress. This is because most rated corporates have a combination of strong business profiles, low leverage, sound liquidity, and limited exposure to government. On the other hand, local financial institutions’ ratings are usually constrained by the […]
Kantar to offer media monitoring service in SL
Kantar recently announced that it would start providing Media Monitoring service in Sri Lanka. The announcement comes as Kantar has agreed to acquire Nielsen’s local media monitoring business. Historically, Kantar has provided TV audience measurement in Sri Lanka. The addition of media spend monitoring positions Kantar as a key partner to Sri Lanka’s media industry. […]
Sri Lanka must keep pace with global changes: President
Private sector, State Universities and other Higher Education Institutions should work together … IT and computer knowledge for all students, regardless of field of study…. Universities should compete to attract high achievers…. Freedom for Universities to plan their studies and manage…. President Gotabaya Rajapaksa has reiterated that Sri Lanka must keep pace with transformative changes […]
Investment risks rise for Sri Lankan insurers; limited impact on regulatory capital: Fitch
Asset risk at Sri Lankan insurers has increased due to the sovereign’s weaker credit profile and the consequent lowering of national ratings of some state-owned and private-sector institutions, says Fitch Ratings in a report published today. The increased asset risk, however, will not greatly affect the regulatory capital ratios of most Fitch-rated Sri Lankan insurers […]
Call for Proposals: Saman Kelegama Memorial Research Grant 2021
The Institute of Policy Studies of Sri Lanka (IPS) is inviting proposals for the Saman Kelegama Memorial Research Grant 2021. The grant is an annual, merit-based grant awarded to an outstanding undergraduate studying in a Sri Lankan university. It aims to promote policy entrepreneurs among undergraduates by encouraging policy-relevant, rigorous and innovative socio-economic research. The […]
UNICEF signs supply agreement for Pfizer BioNTech COVID-19 vaccine
NEW YORK: UNICEF announced the signing of an agreement with Pfizer on behalf of the COVAX Facility for the supply of the Pfizer-BioNTech COVID-19 Vaccine through 2021. Deliveries of the vaccine are anticipated to start as early as the first quarter of 2021, once the countries that were allocated Pfizer-BioNTech vaccine doses in the COVAX allocation confirm that they are in full compliance […]
Policy backsliding derails Sri Lanka’s aspirations to become maritime hub
Policy experts discuss Sri Lanka’s policy towards building future port infrastructure. “Sri Lanka losing out to regional competitors because of policy inconsistency,” says Rohan Masakorala at the panel discussion hosted by the Advocata Institute on the topic වරාය සංවර්ධනයේ ඉදිරි දැක්ම:විකිණීමක් ද, ආයෝජනයක් ද? and the surrounding policy issues on the 12th of February at the BMICH, […]
Lanka Property Web says SL real estate market stable despite pandemic
“Since the turn of the year there has been an increase in real estate activity by property buyers and sellers”, said Sri Lanka’s leading property portal LankaPropertyWeb. The company stated that a comparison between the number of visits to lankapropertyweb.com during the month of January in 2020 and 2021, showed an increase of 23% while […]
President appoints Channa Jayasumana as Acting Minister of Health
Professor Channa Jayasumana has been appointed as the Acting Minister of Health until the Minister in charge of the subject Pavithra Wanniarachchi returns to work, the President’s Media Division said. The Acting Minister was sworn in before President Gotabaya Rajapaksa at the Presidential Secretariat, today (16). Prof. Channa Jayasumana currently is the State Minister of […]
Sampath Bank report slight decline in profits for 2020
Financial Performance for the Year 2020 Sampath Bank recorded a decline in Profit After Tax (PAT), from Rs 11.1 Bn in 2019 to Rs 8 Bn for the year 2020. Despite this being a 28% decline, it is nonetheless a noteworthy result against the backdrop of the COVID-19 induced economic slowdown locally and globally. Meanwhile, […]