As the world’s nations and businesses become increasingly interconnected, so too does the flow of global migration. According to the OECD’s “International Migration Outlook 2018”, in 2017 some 258m people resided in a country other than the one they were born in and more than 5m foreign-born persons settled in OECD countries. The flow of...
Ahead of a $1bn sovereign bond maturing in January 2019, Sri Lanka went through a major political crisis during the fourth quarter of 2018, which led to an extensive legal battle. Despite economic data indicating no serious threat to inflation and private sector credit, the heavy liquidity shortage in the market and the uncertain political...
Major changes are on the horizon in the Sri Lankan insurance industry, with much of the groundwork laid for future growth in recent years. A government focus on regulatory improvements, the modernisation of processes, market consolidation and further investment in human resources point to continued opportunities for expansion in the sector....
Sri Lanka’s banking sector is currently implementing major changes in the way business is done, due mainly to the rollout of Basel III and International Financial Reporting Standard 9 (IFRS 9) regulations. Stricter capital requirements are pushing non-bank financial institutions (NBFIs) to consolidate, while a host of new rules are being...
How can the CCC and other private sector players rebuild market confidence in Sri Lanka?
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