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FINANCIAL CHRONICLE™

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Global announcement&Announcement & Sticky [1]

20201118
EXPERT CHRONICLE™ Comput10

Authors, Writers and Publishers can now post their articles on the 'EXPERT OPINION" section which will appear on the front page of the FINANCIAL CHRONICLE.

Only the Moderators, Experts user-groups are allowed to post articles in the section. Other members are only allowed to comment. When posting ensure the articles start with a relevant photo for the subject and followed by the written content of the author. If you are interested in becoming an author please let us know in order to...

by Quibit - Comments: 2 - Views: 886
20210622
EXPERT CHRONICLE™ Screen58

Top 20 Listed Companies by Financial Chronicle based on user engagements and views.
https://www.srilankachronicle.com/f1-corporate-chronicle

by CHRONICLE™ - Comments: 2 - Views: 451
20210622
EXPERT CHRONICLE™ Speaker-2018-fullsize-conny-boersch

 



  • [b]Dr. Cornelius ‘Conny’ Boersch, currently a shareholder in around 200 startups via his companies Mountain Partners AG and Conny & Co., was involved in over 400 startups, including eBay's predecessor[/b]

  • [b]Says SL is an interesting and strategic market despite challenges[/b]

  • [b]Sees many opportunities as he opines best...

by samaritan - Comments: 0 - Views: 299
20210622
EXPERT CHRONICLE™ 9010db10

New commodity bubble due to increase in the price of commodities by the producers likely to affect South East Asia. This is due to high worker absenteeism resulting from pandemic. Local food prices likely to increase, similarly the cost of imported food products. How will this affect the Sri Lanka Economy?

EXPERT CHRONICLE™ Bb274710

Inflation rate in Sri Lanka 2026
For the past few years, Sri Lanka’s economy has been...

by CHRONICLE™ - Comments: 0 - Views: 240
20210619
EXPERT CHRONICLE™ Screen56
Inspired by questions posed at a recently-held webinar on the topic ‘Investing in Asia in The New Normal’ organised by International Chamber of Commerce Sri Lanka, together with Boston Consulting Group, Daily FT and CIMA, NP Capital Ltd. Chairman Nimal Perera shares his thoughts on the topic of ‘Investing in Sri Lanka in The New Normal’ with a particular focus on investing in the Colombo Stock Exchange and private investments.

‘The New Normal’

by CHRONICLE™ - Comments: 1 - Views: 647
20210619

by God Father - Comments: 0 - Views: 317
20210511
We have carried out a detailed analysis of the business operations of PLR to arrive at an average of the Discounted Cashflow based valuation method and P/E multiples based method on trailing 12 months’ earnings and forward earnings, and the results have been summarized below.

EXPERT CHRONICLE™ Prime10

We estimate the Ordinary Voting Shares of PLR to have an average fair value per share of LKR 17.39, given the Company’s operational and strategic dynamics and industry dynamics of the residential real estate industry in...

by God Father - Comments: 68 - Views: 7280
20210617


EXPERT CHRONICLE™ Screen25
Asia COVID-19 Wave with the world waves: Figure-2


Analysis of Covid-19 official data indicate that Sri Lanka actually facing the second wave of the Covid-19 virus and not third wave as many people believe. (Figure-1) World is going through the second Covid-19 wave due to the spike in the Covid-19 cases in Asia due to  escalation of cases in India after the eruption in Whuan China in December 2019.

by Lotus Eater - Comments: 1 - Views: 586
20210616
EXPERT CHRONICLE™ 1622507808211?e=1626912000&v=beta&t=QIZUh8CeQ6F5vkhvWZjOf1LcTqsDtTAc7fCPfSu_w7k

[size=11]By Duruthu Edirimuni Chandrasekera
View(s): 1799[/size]

With the South Asian, and African markets under its belt, the LOLC Group – Sri Lanka’s most profitable conglomerate – has set its sights on...

by samaritan - Comments: 0 - Views: 389
20210615
EXPERT CHRONICLE™ 333f4510

Forecast

Government Debt to GDP in Sri Lanka is expected to reach 92.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Government Debt to GDP is projected to trend around 89.50 percent in 2021 and 84.50 percent in 2022, according to our econometric models.

Statistics


by CHRONICLE™ - Comments: 0 - Views: 196
20210615
Fitch Ratings - Hong Kong - 14 Jun 2021: Fitch Ratings has affirmed Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'CCC'.

EXPERT CHRONICLE™ Screen52


KEY RATING DRIVERS

Sri Lanka's 'CCC' rating reflects a challenging foreign-currency sovereign external debt repayment burden over the medium term, low foreign-exchange reserves and high and rising government debt that gives rise to sustainability risks.

External liquidity pressures have eased somewhat...

by CHRONICLE™ - Comments: 1 - Views: 250
20210615
EXPERT CHRONICLE™ Image_6d928d5afc

The Sri Lankan government is facing a budget and revenue crisis triggered by the mitigation measures taken to reduce the spread of Covid-19.

This crisis, despite its many downsides, might be an opportunity for the government to rise above vested interests and improve the implementation of cigarette taxation. This Insight shows that cigarettes taxes and prices have not been adjusted upwards in keeping with the fundamentals of fiscal management. In the midst...

by CHRONICLE™ - Comments: 0 - Views: 123
20210615
EXPERT CHRONICLE™ 10-A-Kalladi-Bridge-05

One thousand new bridges will be added by December making the whole Sri Lanka one big metropolis, Chief Government Whip and Highways Minister Johnston Fernando said yesterday.
He was speaking to the media after participating in a progressive review meeting at his ministry along with officials to evaluate the 5,000 bridges...

by samaritan - Comments: 0 - Views: 232
20210611
EXPERT CHRONICLE™ Flag

The Chinese and US commerce ministers agreed to push forward trade and investment links in their first call since the start of the Joe Biden administration.
Chinese Commerce Minister Wang Wentao and his counterpart Gina Raimondo “agreed to promote the healthy development of pragmatic cooperation in trade and investment”, in a phone call...

by samaritan - Comments: 2 - Views: 474
20210611
EXPERT CHRONICLE™ Best_s10
Above is the shadow Portfolio of a Leading HNWI

BIL, VOne and LOLC are among the biggest investments,
PLR is the biggest loss maker.

Buy: LOFC, VOne
Hold: BIL, LOLC
Watch: PAP, CTBL and PABC
Sell: RAL
Forget: PLR

by Quibit - Comments: 7 - Views: 1307
20210612
EXPERT CHRONICLE™ D9912810
EXPERT CHRONICLE™ 83392c10
EXPERT CHRONICLE™ 73f67c10

Sri Lanka fuel prices after revision. Still much lower than other South Asian countries. Sources: www.globalpetrolprices.com, World Bank, and Central Bank of Sri Lanka.

by ChooBoy - Comments: 5 - Views: 529
20210611
EXPERT CHRONICLE™ Image_2aa41c902e
SLIF Co-Hosts: (From left) Ceylon Chamber of Commerce Chairman Dr. Hans Wijayasuriya, BOI Chairman Sanjaya Mohottala and CSE Chairman Dumith Fernando 


The 2021 Invest Sri Lanka Forum, organised by the Board of Investment, The Ceylon Chamber of Commerce and the Colombo Stock Exchange, which...

by samaritan - Comments: 5 - Views: 416
20210610
EXPERT CHRONICLE™ CSE%2BChairman

CSE has 284 Listed Companies, classified using Global Industry Classification Standard (GICS) into 19 Industry groups and 10 sectors. Among these we have 279Equity Listed companies, 05 Debt-only Listed companies and 29 Debt and Equity listed companies.
We have...

by samaritan - Comments: 1 - Views: 409
20210609
EXPERT CHRONICLE™ Screen51

CHRONICLE™ Index is based on Independent Analysis of the Stock Market Sentiments by SEO Experts.

by CHRONICLE™ - Comments: 1 - Views: 301
20210609
EXPERT CHRONICLE™ Screen48

CORONAVIRUS DISEASE 2019 (COVID - 19)
(TEMPORARY PROVISIONS)

Ordered to be published by the Minister of Justice
A Bill to make temporary provisions in relation to situations where persons were unable to perfom certain actions required by law to be performed within the prescribed time periods due to Covid - 19 circumstances; to assign alternative courts where a court cannot function due to Covid - 19 circumstances; to conduct court proceedings using remote...

by CHRONICLE™ - Comments: 0 - Views: 234
20210606
EXPERT CHRONICLE™ UDA-Map

The first of three new ‘special purpose vehicles’ (SPVs) under the Treasury-owned Selendiva Investments (Pvt) Ltd is to be registered next week to raise capital for the development and revival of three hotel properties: the long-overdue Grand Hyatt Colombo, Colombo Hilton and the Grand Oriental Hotel (GOH).

The SPV–the name of which is yet to be revealed–will also seek to infuse funds into a subsidiary created last year under Waters Edge called Waters Edge Recreation...

by CHRONICLE™ - Comments: 0 - Views: 348
20210604
Rice Value Chain

EXPERT CHRONICLE™ Screen39

The rice value chain operates under a highly protected environment. The Paddy Marketing Board (PMB) was established in 1970 as the government-authorized body to purchase, sell, supply, and distribute paddy (unhulled rice) and to mill paddy and polish and prepare rice (PMB 2010). The PMB, a key actor in the value chain, was abolished in the early 1990s and reestablished in 2005. The PMB restarted purchasing paddy from farmers in 2008. The PMB also maintains...

by CHRONICLE™ - Comments: 0 - Views: 182
20210506
EXPERT CHRONICLE™ E3cd6e10

Tax benefit
As per the 2021 Budget proposals, with effect from April 1, 2021 expenditure incurred by any financial institution by way of cost of acquisition or merger of any other financial institution (cost will be ascertained by considering all the facts on case-by-case basis and as confirmed by the CBSL) will be tax deductible.

Total deductible expenditure shall be apportioned in equal amounts over a period of three years of assessment and be deductible from...

by CHRONICLE™ - Comments: 3 - Views: 2761
20210602
EXPERT CHRONICLE™ 16sfko10
A Court for King Cholera’ — scene typical of the crowded, unsanitary conditions in London slums, Punch cartoon, 1852. Photograph: Print Collector/Getty Images

The Cholera pandemic during the early 1830s hit France hard. It wiped out nearly 3% of Parisian, and hospitals were flooded with patients and doctors who could not understand the disease. At the end of the plague, France, along with Britain, subscribed to the industrial...

by ChooBoy - Comments: 1 - Views: 359
20210602
EXPERT CHRONICLE™ Fortune500_companies-and-women-ceos


[ltr]Sri Lanka Podujana Peramuna MP S. B. Dissanayake stated that through the implementation of the Colombo Port City Development Project (CPCP), the government is hoping to attract at least three or four Fortune 500 companies into the country.[/ltr]

[ltr]Addressing the media at the weekly media briefing, Dissanayake said...

by samaritan - Comments: 3 - Views: 619
20210602
EXPERT CHRONICLE™ The-king-of-profit-review

  • [b]Group announces astonishing Rs. 57 b in PBT for FY21 and PAT figure of Rs. 53 b[/b]


  • [b]Achieves Rs. 28 b as profit attributable to equity holders of parent company[/b]


  • [b]Result on divestment...

by samaritan - Comments: 3 - Views: 903
20210531
EXPERT CHRONICLE™ Image_fea661901b

Ceylon Chamber of Commerce Chairman Dr. Hans Wijayasuriya (left) and Colombo Stock Exchange Chairman Dumith Fernando

Online platform of eminent speakers to run parallel tracks to serve investors from around different time zones

The Sri Lanka Investment Forum 2021, a three-day virtual event to engage and attract foreign investment into Sri Lanka will commence on 7 June. The forum, jointly hosted by the Board of...

by samaritan - Comments: 0 - Views: 219
20210531
EXPERT CHRONICLE™ Lankac10

Beijing’s action is part of an aggressive encirclement strategy that India must counter

On 20 May, the Sri Lankan parliament passed the Colombo Port City Economic Commission Bill that lays out the country’s legal framework governing the China-financed project built on land reclaimed from the Sri Lankan capital’s seafront, adjoining Colombo’s port. The bill effectively turns these 660 acres into Chinese sovereign territory.
But this should not come as a...

by Lotus Eater - Comments: 0 - Views: 239
20210530
EXPERT CHRONICLE™ 75489ac1b62799867482fb836ed896e4_XL

The Government has decided to open to the private sector the business of supply, refining and distribution of petroleum products which are at present handled by the Ceylon Petroleum Corporation (CPC).


Accordingly, the Government has decided to amend the Petroleum Corporation Act No. 28 of 1961 so that the authority of...

by samaritan - Comments: 1 - Views: 347
20210527
EXPERT CHRONICLE™ 1622025808-Plans-afoot-to-manufacture-Sinovac-COVID-vaccine-in-Sri-Lanka-L


Sinovac, China’s other front-runner COVID-19 vaccine, will be manufactured in Sri Lanka, says State Minister of Production, Supply and Regulation of Pharmaceuticals Prof. Channa Jayasumana.


Developed by Beijing-based biopharmaceutical company ‘Sinovac’, the vaccine is officially...

by samaritan - Comments: 0 - Views: 291
20210523
Virtual Assistant BOT's are now active in Sri Lanka Financial Chronicle.
Feel free to interact with the BOT.

EXPERT CHRONICLE™ Screen38

by CHRONICLE™ - Comments: 1 - Views: 359
20210524
EXPERT CHRONICLE™ 01-COVID

State Pharmaceuticals Corporation (SPC) Chairman Dr. Prasanna Gunasena yesterday expressed the hope that the spread COVID-19 pandemic can be arrested by June end.

Dr. Gunasena said that plans have been drawn to completely control the pandemic in the country with the vaccination of the targeted population by the end...

by samaritan - Comments: 0 - Views: 409
20210522
EXPERT CHRONICLE™ 96204511

Sri Lanka’s central bank is looking at giving some relief to borrowers who are having difficulties in making loan repayments due to a third Coronavirus wave, though it may not be a sweeping moratorium, Deputy Governor Yvette Fernando said.

“We have started discussions with banks and finance houses association to see how and what kind of facilitation we can give the borrowers, because we understand there can be payment delays because of closure of certain businesses,”...

by Sstar - Comments: 1 - Views: 443
20210523
EXPERT CHRONICLE™ COVID-19-Vaccine-1

The State Pharmaceuticals Corporation of Sri Lanka (SPC) has been able to secure 32 million doses of COVID-19 vaccines for Sri Lanka, SPC Chairman Dr Prasanna Gunasena said.
He said this during a meeting held with President Gotabaya Rajapaksa and other officials at the Presidential Secretariat...

by samaritan - Comments: 1 - Views: 286
20210521
[size=33]EXPERT CHRONICLE™ Image_7396c653ae[/size]

Port City Colombo, Sri Lanka’s brand-new reclaimed land, slated as the ‘Gateway to South Asia’ said yesterday it is now officially the country’s first service-oriented Special Economic Zone (SEZ). 

The Sri Lankan Parliament yesterday adopted a powerful Bill enabling a giant step in Port City Colombo becoming a pivotal global financial and services hub for South Asia. 

The act provides...

by samaritan - Comments: 1 - Views: 470
20210520
EXPERT CHRONICLE™ Unnamed-1

The Colombo Port City Economic Commission Bill has been passed with a majority in Parliament today.

The debate on the bill commenced yesterday and was continued for the second consecutive day today, after which a vote was held at the end of the debate.

During the vote, 148 MPs voted in favour, while...

by samaritan - Comments: 1 - Views: 602
20210520
Bitcoin Price Today: The price of the famously volatile digital currency fell nearly 30% at one point after the China Banking Association warned member banks of the risks associated with digital currencies. The decline narrowed to below 10% in the afternoon, but Bitcoin had still lost about $70 billion in market value in 24 hours.

EXPERT CHRONICLE™ Screen22

Even by Bitcoin's standards, Wednesday was pretty wild.

The price of the famously volatile digital currency fell nearly 30% at one point after...

by Lotus Eater - Comments: 0 - Views: 455
20210518
EXPERT CHRONICLE™ Gl

[size=18]By Shamindra Ferdinando[/size]
SLPP Chairman Prof. G. L. Peiris says amendments proposed by government lawyers in respect of the Colombo Port City Economic Commission Bill submitted to the Supreme Court, through the Attorney General’s Department, would be incorporated into the Bill along with the amendments proposed by the Supreme Court.

by samaritan - Comments: 1 - Views: 600
20210514
Sri Lanka Bonds Go From Asia’s Worst to Best After China Loan
By 
Karl Lester M Yap

May 14, 2021, 3:30 AM GMT+5:30
EXPERT CHRONICLE™ 775x-1



by samaritan - Comments: 3 - Views: 594
20210516

Paxful's crypto trading volume in 2021 has more than tripled compared to all of 2020.
Ravipriya Bandara, a 30-year-old marketing strategist and corporate trainer from Sri Lanka, had his work hours reduced amid nationwide lockdowns during the first wave of COVID-19.

EXPERT CHRONICLE™ Screen35

With more time on his hands, Bandara started looking for investment opportunities and came across a conversation on Facebook about bitcoin (BTC, -10.84%). Bandara was soon introduced to an online community of crypto enthusiasts from various parts of the island.

“I didn’t know crypto...

by CHRONICLE™ - Comments: 0 - Views: 232
20210503
EXPERT CHRONICLE™ Chairm10

PABC bank is accused of encouraging Japanese to launder money through PABC Bank with the assistance of Japanese Directors which has caused in a huge foreign currency controversy and legal cases against the bank resulting in the resignation of the Chairman and the head international banking Thilani Pieris.

Japanese Director, Takshi Igarshi, Takaya Toshiyaki seems to have acted in concert with Thilani Piries and former Chairman of PABC which has resulted in the latest wave of resignations at PABC.

by God Father - Comments: 3 - Views: 5643
20210429
EXPERT CHRONICLE™ Exports-march-2021

Sri Lanka surpassed US$ 1 billion in exports in March 2021 after a lapse of six months period, the Export Development Board said.
As per the Customs statistics, earnings from merchandise exports recorded double-digit growth of 62.47% in March 2021 on y-o-y comparison – the March figure being US$ 1,066.1 Mn.

by samaritan - Comments: 0 - Views: 391
20210412
EXPERT CHRONICLE™ Screen23

Amid the COVID-19 pandemic, Sri Lanka’s economy contracted by 3.6 percent in 2020, the worst growth performance on record, as is the case in many countries fighting the pandemic. Swift measures enacted by the government in the second quarter helped contain the first wave of COVID-19 successfully, but these measures hit sectors like tourism, construction, and transport especially hard, while collapsing global demand impacted the textile industry. Job and earning losses disrupted private...

by CHRONICLE™ - Comments: 1 - Views: 843
20210412
EXPERT CHRONICLE™ Screen26

This pandemic has exposed the digital divide. While the findings from the simulations above largely play out along existing economic divides, access to digital technology has become another dimension of inequality. It operates in multiple ways. Firstly, teleworkers who can perform their jobs from home are more protected from the health risks of the pandemic. Data on morbidity and mortality rates related to COVID-19 in other countries show that essential workers, many in healthcare and retail,...

by CHRONICLE™ - Comments: 0 - Views: 290
20210412
EXPERT CHRONICLE™ Screen25

The pandemic likely exacerbated pre-existing financial sector vulnerabilities, although the full impact of COVID-19 cannot yet be observed due to regulatory relaxation. Non-bank financial institutions were already weak before the crisis. Problems of Licensed Finance Companies (LFCs) and Specialized Leasing Companies (SLCs) grew in 2020 with rising Non-performing loans (NPLs) (Fig- ure 7), tighter liquidity, and weak financial performance.

To support the sector, CBSL relaxed...

by CHRONICLE™ - Comments: 0 - Views: 250
20210412
EXPERT CHRONICLE™ Screen24

COLOMBO: Sri Lanka secured a US$500 million loan from China Monday (Apr 12) in a desperate bid to shore up its foreign exchange reserves as the local currency hit a record low.

The Sri Lankan embassy in Beijing said the loan agreement with the China Development Bank will "infuse vitally required foreign exchange" into the island's pandemic-battered economy.

It is the second Chinese loan made in less than three weeks.

Last month, the People's Bank of China...

by CHRONICLE™ - Comments: 0 - Views: 373
20210410
EXPERT CHRONICLE™ DisneyLand

South Asia’s first Disneyland will be built in the proposed Bopitiya leisure Park in Sri Lanka, the Daily News reported.

It will be created by Korea Cavitation Co. a company with Investments from Malaysia and Korea.

President of Korea Cavitation Co. Baekgeum Kim and the representative of...

by samaritan - Comments: 2 - Views: 626
20210409
Sri Lanka bans palm oil imports, tells producers to uproot plantations

EXPERT CHRONICLE™ 53c8f910

REUTERS/Willy Kurniawan/File Photo
COLOMBO/MUMBAI (Reuters) - Sri Lanka on Monday banned imports of palm oil and new palm plantations, and told producers to uproot existing plantations in a phased manner, in a surprise move that baffled the edible oil industry.

Palm oil imports and the number of plantations have been increasing in recent years in Sri Lanka, a leading producer of coconut oil.

by CHRONICLE™ - Comments: 0 - Views: 330
20210403
EXPERT CHRONICLE™ 110

https://pdfhost.io/v/52erbfzE7_Asia_Capital_Research_Paper.pdf

Asia Capital PLC started as a securities trading company in the early 1990s, specialising in stock brokering, and later expanded its business portfolio to encompass the larger share of the investment banking market in Sri Lanka.

As Asia Capital PLC (ACAP), the company ventured into diverse industries and sectors...

by Lotus Eater - Comments: 0 - Views: 618
20210401
EXPERT CHRONICLE™ Economics-clipart-economic-boom


  • Says every high frequency data improved in 2020 second half, despite second COVID-19 wave in Oct.

  • Expects SL to rejoin upper-middle-income club this year


Sri Lanka is expected to unleash a burst of economic activity this year, as the pandemic fades and the people and businesses are resuming activities that were put off last year, possibly...

by samaritan - Comments: 0 - Views: 434

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