FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post

Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Sell EXPO Buy EDEN sentiment changed to Exit EXPO Enter EDEN
by samaritan Today at 4:03 pm

» Directors' Dealings today
by SAGA Today at 3:34 pm

» JOHN KEELLS HOLDINGS PLC (JKH.N0000)
by Eranx Today at 3:32 pm

» Top crossings today
by SAGA Today at 3:05 pm

» අද ජූලි 27 හෙට අනිද්දා අගෝස්තුවේ කොටස් වලට මොනවා වෙයිද ?
by SAGA Today at 2:47 pm

» BANKING SECTOR
by Eranx Today at 12:17 pm

» RIL JOURNEY
by Karthick Today at 11:33 am

» Govt. assures adequate fertiliser supply for tea industry
by samaritan Today at 11:23 am

» ASIA SIYAKA COMMODITIES PLC (ASIY.N0000)
by jehan008 Today at 10:46 am

» What are the short term profit stocks you are planning to buy on this Monday? (Only honest ppl please)
by 901886683 Today at 9:19 am

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by Vishwanarth Today at 8:46 am

» EDEN HOTEL LANKA PLC (EDEN.N0000)
by Bakkabwoi Yesterday at 11:29 pm

» SEMB the ASPH
by Itzme Yesterday at 9:35 pm

» ONAL -might have a run
by SAGA Yesterday at 9:14 pm

» Imagine there is a bank account that credits your account each morning with cash. Each of us has such a bank. Its name is stock market.
by Asoka Samarakone Yesterday at 9:14 pm

» Top Foreign Trading today
by SAGA Yesterday at 8:41 pm

» Government loan repayment
by shariff Yesterday at 1:04 pm

» CITIZENS DEVELOPMENT BUSINESS FINANCE PLC(CDB.N0000)
by engineer Yesterday at 11:41 am

» Sri Lanka's Foreign Reserves set to top US$ 7 Billion - Cabraal
by samaritan Yesterday at 11:34 am

» Tea industry expected to contribute $ 200 million extra revenue to public coffers
by samaritan Yesterday at 11:25 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ »  HSBC upbeat on Lankan growth trajectory

HSBC upbeat on Lankan growth trajectory

Go down  Message [Page 1 of 1]

Jayashantha

Jayashantha
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
The global banking giant HSBC has put Sri Lanka back in its good books over her accelerated macro-economic growth driven by supportive monetary policy and rise in exports, booming tourism, construction and manufacturing sectors and the perking up of capital market.

However just five months ago the same bank was skeptical about Sri Lanka’s outlook due to budget and current account deficits as well as concerns about the investment and business climate.

The visiting HSBC research staff that witnessed the mass scale constructions taking place then concluded that the looks could be deceiving and went on to say the country was losing her sparkle.

However, changing its perspective, HSBC last week said Sri Lanka was now their favourite frontier market in Asia.

“However, overall we feel that Sri Lanka is a country where the health of the banking system is improving, infrastructure is getting better and a stable, pro-development government is helping to lower the cost of doing business to a level that is very competitive compared with that of peers,” HSBC said in its regular equities research report titled ‘The Flying Dutchman’.

According to government statistics, Sri Lanka’s economy grew at 7.6 percent in 1Q14 accelerating from 6.1 percent a year ago and the trade gap continued to narrow in April by 17.7 percent to US $ 682. 2 million amid weak domestic credit.

Meanwhile, the business sentiment, though still not great, has inched higher in the past few months, as measured by the LMD-Nielsen business confidence index, HSBC said.

The banking giant largely attributed Sri Lanka’s growth to tourism, real estate and port related infrastructure which they believe should help turn Sri Lanka into a major logistics hub.

http://www.dailymirror.lk/business/features/48774-hsbc-upbeat-on-lankan-growth-trajectory.html

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum