Economic Capsule December 2011
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The document provides an economic update on Sri Lanka with sections on the financial sector, economic and business news. Some key points covered include Commercial Bank expanding its ATM network to 500 machines and opening new service points, relaxation of regulations on foreign investments in corporate debentures and borrowings, Sri Lanka's GDP growth ranking 4th highest in the world, FDI exceeding targets and approval of $1.8 billion in tourism projects. Sri Lanka's Akbar Brothers is highlighted as the world's largest tea exporter in 2011.
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The document provides a summary of economic and business news from Sri Lanka. It discusses Sri Lanka moving up 9 places in the Doing Business ranking due to business reforms. It also discusses Sri Lanka being included among the best countries for tourism and its nanotechnology sector poised for growth. External sector performance is positive with exports and remittances growing. The US has extended GSP benefits to Sri Lanka and 37 state-owned companies will be acquired through a new bill.
Economic Capsule - July 2022
The document summarizes the economic situations and risks of default for several developing countries. Several countries are already in default, including Lebanon, Sri Lanka, Russia, Suriname and Zambia, while others like Belarus are at high risk of soon defaulting. Argentina, Ukraine, Tunisia, Ghana, Kenya, Egypt, El Salvador, Ethiopia, Pakistan, and Belarus are highlighted as being particularly vulnerable to default due to large debt burdens, high inflation, currency declines, and unsustainable debt repayment schedules in the coming years. The IMF is involved with several of these countries to provide aid and negotiate repayment plans in an effort to avoid widespread sovereign defaults around the world.
Economic Capsule - September 2017
This document summarizes economic and business news from the September 2017 issue of the Economic Capsule publication. It reports that business confidence in Sri Lanka slumped in August according to a business index. It also notes that the Sri Lankan government plans a 16% increase in borrowing for 2018. Additionally, it provides updates on investments, acquisitions, and awards in sectors such as agriculture, banking, and exports. The document also summarizes some international economic news including China's credit rating downgrade and warnings about rising debt levels if interest rates remain low globally.
Economic Capsule - March 2022
The document discusses several topics related to the global and Sri Lankan economies. It provides an economic capsule from the Research & Development Unit covering banking & finance, economy & business developments, and the global outlook. On the banking front, it discusses leadership changes at ComBank and awards received. It also covers IMF talks with Sri Lanka, bondholder advisers, and plans to hire a law firm for debt restructuring. Domestically, it discusses tourism numbers increasing, China considering investments, and the condominium market. Globally, it discusses risks facing the global economy like stagflation from the Ukraine war and how lockdowns could impact recovery.
Economic Capsule - August 2013
The document summarizes various economic and financial news items from Sri Lanka. It reports that Sri Lanka's economy grew 6.8% in the second quarter of 2013. It also discusses Commercial Bank's reconstruction of the Kilinochchi Railway Station and its 2013 performance. Additionally, it mentions that Commercial Bank was adjudged Sri Lanka's 'Best Trade Bank' for the fourth time and that the Central Bank imposed a 100% margin deposit requirement for some vehicle imports.
Economic Capsule - July 2018
The document provides an overview of recent economic, business, and banking news in Sri Lanka. Some key points include:
- Commercial Bank appointed new leadership and received several awards for its performance.
- Sri Lanka's National Export Strategy aims to increase exports to $28 billion by 2022 focusing on industries like IT, tourism, and food processing.
- GlobalData ranked Sri Lanka as the 4th fastest growing tourism market globally.
- A new solar panel factory will make Sri Lanka a leader in renewable energy and a new tire factory will create 3,000 jobs.
Economic Capsule August 2010
The document provides an economic update from Sri Lanka in August 2010. It discusses several topics:
1) Commercial Bank reducing interest rates on its home loan product.
2) Commercial Bank launching an innovative "Gold Overdraft" facility secured by gold deposits.
3) Sri Lanka planning a $1 billion sovereign bond issue to fund infrastructure and repay debt, and seeking a rating from Moody's before the sale.
4) Inflation in Sri Lanka increasing to 5% in August due to rising food and commodity prices.
Economic Capsule - February 2020
The document provides an economic update from Sri Lanka in its 278th issue of the Economic Capsule. It discusses several topics:
1) The Commercial Bank Group reported over Rs. 150 billion in revenue for the first time in 2019, though profits declined due to higher impairment charges and debt levy expenses.
2) Commercial Bank won an award for 'Decade of Excellence in Retail Banking' and its Maldives subsidiary won an award for 'Excellence in Finance'.
3) Sri Lanka's trade deficit decreased in 2019 as exports grew slightly while imports contracted, with declines in fuel, vehicles, and gold.
4) New measures aim to fast-track foreign direct investments,
Economic Capsule - September 2018
The document summarizes news from the economic and banking sectors in Sri Lanka. Some key points:
- The Sri Lankan economy grew 3.7% in the second quarter of 2018, with growth in agriculture, industry and services.
- Commercial Bank won several awards for its digital innovations and support for SMEs. It also launched the country's first fully automated cheque deposit machine.
- Major developments included opening of the Colombo City Centre international mall, plans for $50 million investment in real estate, and making QR code-based payments nationally available.
- Issues discussed at the Sri Lanka Economic Summit included the need to accelerate reforms to strengthen competitiveness and attract more foreign investment. Leg
Economic Capsule - December 2010
The document provides an overview of the key economic developments and performance indicators in Sri Lanka's economy in recent months. It notes that GDP grew 8.0% in the third quarter of 2010, driven by growth in agriculture, industry and services. Inflation decreased slightly to 6.9% in December 2010. Exports grew 27.6% in October 2010 while imports grew 8.4%, leading to an improvement in the trade deficit. Around 75 new firms are expected to be listed on the Colombo stock exchange in 2011, helping to increase the market capitalization by 45%. Tourism arrivals were up 63.1% in November 2010.
Economic Capsule - December 2020
This document provides a summary of economic and business news from Sri Lanka and around the world in December 2020. It covers topics such as ComBank appointing a new chairman and deputy chairman, S&P downgrading Sri Lanka's credit rating to CCC+ due to high budget deficits, plans to welcome tourists back to Sri Lanka from January 2021, Q3 GDP growth recovering to 1.5% YoY in Sri Lanka after a 16.3% contraction in Q2, and other international news including countries approving COVID-19 vaccines and their economic impacts.
combank_economic_capsule_july
The document summarizes various economic and financial news items from Sri Lanka and globally. It reports that Commercial Bank posted a Rs. 4 billion net profit in the first half of 2011, with loan and deposit growth. It was ranked the #2 most respected company in Sri Lanka and its Bangladesh operations received a AAA credit rating. Sri Lanka's credit ratings were upgraded and its international bond issue was oversubscribed. The US had its credit rating downgraded for the first time due to budget deficit concerns.
Economic Capsule October 2010
The document provides an economic capsule for October 2010. It includes the following financial sector news:
- Commercial Bank posted robust growth in the third quarter of 2010, with profits up 54.8% driven by strong loan growth.
- Sri Lanka Commercial Bank cut its credit card interest rate to 22% annually from 35% to be in line with central bank guidelines.
- Commercial Bank expanded its money transfer services in Saudi Arabia to better serve thousands of Sri Lankan workers.
- Private sector credit in Sri Lanka grew 12.8% year-over-year in August 2010, rebounding from declines in previous years.
Economic Capsule March 2010
The document summarizes economic and financial news from Sri Lanka in March 2010. It reports that Commercial Bank was named Sri Lanka's best bank for the 12th consecutive year. It also summarizes Commercial Bank's financial results, noting maintained profitability in 2009 despite challenging conditions. Additionally, it provides overviews of IMF views on Sri Lanka's economy, the top 10 billionaires in the world according to Forbes, and an analysis of Sri Lanka's fiscal performance and 2010 budget outlook.
Economic Capsule - July 2014
The document summarizes recent economic and business news related to Sri Lanka. It discusses Commercial Bank being rated the most respected bank in Sri Lanka for the 10th consecutive year and receiving two awards for CSR practices. It also discusses the Central Bank of Sri Lanka entering into an investment agreement with the Reserve Bank of India, as well as updates on financial sector consolidation in Sri Lanka. The document provides analysis on opportunities for Sri Lanka related to textiles, tourism, and technology. It also shares the IMF's views on Sri Lanka's economic performance and risks.
Economic Capsule - May 2013
This document provides an economic capsule with summaries of recent news in Sri Lanka's financial and economic sectors. Key points include Commercial Bank reporting a profit of Rs 3.23 billion for Q1 2013 despite challenges, credit growth slowing further, the central bank cutting policy rates by 50 basis points, Sri Lanka receiving $218 million in FDI in Q1 2013, and forecasts for Sri Lanka's GDP growth from the IMF. It also provides analysis of key issues facing Sri Lanka like reducing public debt and strengthening the revenue system.
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Commercial Bank Economic Capsule - March 2024
The document provides an economic capsule covering various topics including banking & finance, the economy, business & development, and global updates. Some key points:
1) ComBank was named Best SME Bank in Sri Lanka and opened new branches including a 'DigiZone' experience center and a newly built Kegalle branch.
2) The IMF reached a staff-level agreement on Sri Lanka's second review and tourism arrivals have surpassed 500,000 in the first three months of the year.
3) The ADB approved a $100 million loan to support SMEs in Sri Lanka and the economy grew 4.5% in Q4 2023 but contracted 2.3% for the full
ComBank Economic Capsule - February 2024
The document provides a summary of recent economic, business, and banking news from Sri Lanka. It notes that the Central Bank of Sri Lanka relaxed restrictions on standing lending facilities to accelerate downward adjustments in market interest rates. It also reports that transshipment volumes at the Colombo port grew over 25% in January. Additionally, Sri Lanka launched virtual Unified Payments Interface transactions for Indian tourists via LankaQR to enhance digital payment convenience.
Commercial Bank Economic Capsule - January 2024
The document provides a summary of various economic and business news from Sri Lanka and around the world in January 2024. Some of the key highlights include:
- The IMF concluded its visit to Sri Lanka and emphasized the need to continue economic reforms and reach agreements with creditors.
- Sri Lanka's tourist arrivals exceeded 121,000 in the first 18 days of January 2024, surpassing the total for January 2023.
- The Central Bank of Sri Lanka maintained policy interest rates at its latest monetary policy review and expects inflation to be short-lived.
- Commercial Bank of Sri Lanka unveiled an updated sustainable logo and enhanced features for its e-slip app.
Commercial Bank Economic Capsule - December 2023
The document provides an economic capsule summarizing key developments in banking and finance, the economy, business, and globally for December 2023. Specifically, it notes that Commercial Bank was ranked number one in Sri Lanka and raised Rs. 12 billion in debentures. It also discusses GDP growth in the third quarter of 2023, Sri Lanka receiving funds from the IMF, ADB, and World Bank, and other economic indicators. Globally, it outlines trends to watch in 2024 such as elections and economic climate.
Economic Capsule - November 2023
The document provides an economic update on Sri Lanka with the following key points:
- ComBank reported strong loan book and deposit growth in Q3 2023, with its loan book growing 4.33% and deposits crossing Rs. 2 trillion.
- ComBank was ranked the strongest bank in Sri Lanka for 2023 by The Asian Banker.
- The CBSL cut its policy rates by 100 basis points to 9% and 10% for the SDFR and SLFR respectively to support inflation and economic growth.
- Sri Lanka's tax revenue grew 50.7% until September 2023 and the primary balance recorded a surplus of Rs. 124 billion, turning around from a large deficit last year
Economic Capsule - October 2023
The document summarizes recent economic news from Sri Lanka and around the world. Some of the key points include:
- The IMF reached a staff-level agreement on the first review of Sri Lanka's EFF program, which will provide $330 million in financing. Additional revenue sources like a property tax are being considered.
- Sri Lanka reached an agreement in principle with China EXIM Bank on restructuring $4.2 billion of debt.
- A $1.565 billion agreement was signed to develop the second phase of the Colombo Port City project.
- Sri Lanka's newest mall, Havelock City, opened with over 130 retail outlets and entertainment zones.
Economic Capsule - August 2023.pptx
The document provides an overview of economic and business news from Sri Lanka and around the world from August 2023. It reports that Sri Lanka's budget deficit has widened due to a rise in government spending and interest payments. China's Sinopec is set to begin fuel operations in Sri Lanka on September 20th. Sri Lanka is looking to negotiate free trade agreements with Malaysia and Vietnam. Globally, Russia's currency hit a 17-month low against the dollar and the US Federal Reserve will meet next month to discuss interest rates. In closing, Sri Lanka needs long-term economic reforms to achieve sustainable growth beyond monetary policy measures alone.
Economic Capsule - July 2023
The document provides an economic update from Sri Lanka with the following key points:
- The Commercial Bank of Sri Lanka was recognized as the best bank in Sri Lanka for the 12th year and the strongest bank brand in the country.
- The Sri Lankan government unveiled plans to optimize domestic debt which include exchanging eligible debt for long-term bonds and pushing out debt repayments.
- Sri Lanka had met 33% of IMF program commitments as of end-June 2023 but failed to meet 8% while 14% were unknown. Negotiations are ongoing for both domestic and foreign debt restructuring.
- Other news included a rise in Sri Lanka's interest payments in 2022, relaxation of
Economic Capsule - June 2023
The document provides an economic update for Sri Lanka in June 2023. It discusses several topics:
1) ComBank opened a new branch in Kantale and launched Sri Lanka's first teen digital bank account called 'Flash FAM'.
2) The World Bank is set to approve $700 million in funding for Sri Lanka next week, including $500 million for the budget and $200 million for social programs.
3) Sri Lanka's food security has improved according to a FAO/WFP report, though acute food insecurity remains high in some areas.
4) The euro zone entered a recession in the first quarter of 2023, though India's economy continues growing despite high interest rates
Economic Capsule - May 2023
The document provides an economic capsule covering various topics in banking/finance, the economy, and global updates. In banking, it notes that Commercial Bank of Ceylon was recognized as Sri Lanka's best bank for the 21st time and highest ranked bank in the BTTop 40 for the 14th consecutive year. On the economy, it discusses Sri Lanka's industrial production slipping, a slump in private sector credit, and China's Sinopec entering Sri Lanka's retail fuel market. Globally, it covers the US debt ceiling limit debate, China overtaking Japan as the top car exporter, and the IMF revising its forecast of no recession for Britain in 2023.
Economic Capsule - April 2023
The document provides an economic update for April 2023 from the Research & Development Unit of Commercial Bank of Ceylon. It includes the following highlights:
- ComBank launched new LankaPay credit and debit cards in collaboration with LankaPay, providing the first nationally accepted cards in Sri Lanka.
- ComBank was voted 'People's Private Bank of the Year' in a recent survey.
- Sri Lanka's official 2022 unemployment rate was 4.8% but this masked higher actual unemployment as the economy declined.
- The manufacturing and services PMIs both returned to growth in March 2023 after previous declines, driven by increases in orders and business activity.
Economic Capsule - March 2023
The document provides an economic update for Sri Lanka in March 2023. Key points include:
- Sri Lanka received IMF approval for a $3 billion Extended Fund Facility over 48 months to support economic recovery. The loan comes with conditions around fiscal consolidation, debt restructuring, price stability, and structural reforms.
- Sri Lanka's economy contracted 7.8% in 2022 but is projected to return to growth starting in 4Q 2023, according to government forecasts.
- Local industries like apparel and construction continue to struggle with declining orders amid a drop in demand from major export markets. However, fuel prices are expected to fall sharply due to plunging global oil prices.
Economic Capsule - February 2023
The document provides an economic capsule for February 2023 from the Research & Development Unit. It contains the following sections and highlights:
- Banking & Finance: The IFC will provide $400 million in financing to Sri Lankan banks to facilitate essential imports. ComBank was awarded for the largest number of climate finance transactions in South Asia. ComBank saw solid income growth but also increased provisioning.
- Economy, Business & Development: Statistics on Sri Lanka's foreign debt, inflation index rebasing, the tourism industry seeking credit lines, and wage reforms in plantations. FitsAir will launch flights to Chennai. Sri Lanka will sign an FTA with Thailand.
- Global Update: The World
Economic Capsule - January 2023
The document provides an economic update for January 2023 from Sri Lanka. It discusses several topics:
- ComBank introduced new card-to-card fund transfer services and opened an Indian rupee account to promote regional trade.
- Sri Lanka is working with India and China on debt restructuring and both countries have expressed support. The government also aims to operationalize an FTA with Singapore.
- Other economic news includes rising tourist arrivals and plans to amalgamate export promotion agencies. Sri Lanka will also export more aquatic products to China.
- Global updates note a dip in world food prices and plans for Bangladesh IMF support. Leadership changes occurred in New Zealand and Croatia adopted the euro. Tech companies cut
Economic Capsule - December 2022
The document summarizes recent economic news from Sri Lanka. It reports that:
1) The Commercial Bank of Sri Lanka won several awards including "Bank of the Year" and "Strongest Bank in Sri Lanka". It also launched a new foreign currency investment plan.
2) Sri Lanka is attracting strong foreign investment and signed deals worth $1.9 billion despite challenges. The World Bank approved Sri Lanka's request to access low-interest financing.
3) Sri Lanka is seeking $850 million in bridge loans from countries like India and Japan until an IMF program is approved in January. It is also confident of securing China's approval for debt restructuring by the end of December.
Economic Capsule - November 2022
The document provides a summary of recent economic and business news in Sri Lanka. Some of the key points included:
- Commercial Bank of Sri Lanka reported financial results for the period ending September 30th, 2022 and announced a Rs. 5 billion debenture issue.
- Inflation in Sri Lanka eased for the second consecutive month in 2022, with food inflation also declining.
- The Central Bank believes interest rates in Sri Lanka have reached peak levels now that inflation appears to have turned downward.
- Workers' remittances to Sri Lanka increased slightly in September, a positive sign for one of the country's key sources of foreign currency inflows.
- Sri Lanka expressed confidence that
Economic Capsule - October 2022
The IMF has approved a new "Food Shock Window" to provide emergency financing to countries facing food insecurity or a sharp rise in food import costs due to global food crisis. UK inflation has risen to a 40-year high of 10.1% as the cost-of-living crisis intensifies. Liz Truss resigned as UK Prime Minister after only 44 days in office, with Rishi Sunak set to become the new PM. Vietnam is emerging as Asia's fastest growing economy in 2022 and 2023, with growth projected at 7.5% and 6.7% respectively.
Economic Capsule - September 2022
The document provides an economic update from Sri Lanka and around the world in September 2022. In Sri Lanka, ComBank was ranked the top bank, inflation was forecast to be 44.8%, and over 39% of the population was consuming an inadequate diet. Globally, IMF bailouts hit a record high as many countries faced economic crises. Central banks around the world aggressively raised interest rates, risking a global recession, to tackle high inflation. The UK market faced turmoil after the new government's tax cut plans.
Economic Capsule - August 2022
This document provides an economic update for August 2022 from the Research & Development Unit of Commercial Bank of Ceylon. It includes the following highlights:
- An IMF mission visited Sri Lanka to reach a staff-level agreement and Sri Lanka hopes to finalize an IMF program by December 2022.
- Sri Lanka halted imports of over 300 items and allowed electric bike imports. Apparel exports crossed $3 billion for January-July while foreign investment targets were 58% achieved.
- Total state-owned enterprise losses in the first four months of 2022 outweighed annual losses in 2021, driven by currency depreciation impacts.
- The IMF warned of weakening Asian growth and rising inflation pressures. Global
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留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
→ 【关于价格问题（保证一手价格）
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
选择实体注册公司办理，更放心，更安全！我们的承诺：可来公司面谈，可签订合同，会陪同客户一起到教育部认证窗口递交认证材料，客户在教育部官方认证查询网站查询到认证通过结果后付款，不成功不收费！
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Economic Capsule December 2011
- 1. ECONOMIC CAPSULE December 2011 < Research & Development Unit >
- 3. < Research & Development Unit > FINANCIAL SECTOR NEWS
- 5. Commercial Bank - Service Points Openings < Research & Development Unit > 211 Divulapitiya 212 Panadura (Extension Office) 213 Kattankudi
- 9. < Research & Development Unit > ECONOMY & BUSINESS NEWS
- 13. Sri Lanka Approves USD 1.8bn in Tourism Projects < Research & Development Unit > Sri Lanka's tourism development office has approved USD 1.85 bn of investment proposals to build hotels. The 184 projects with a combined investment value of USD 1.85 bn involve building 11,809 rooms. The views expressed in Economic Capsule are not necessarily those of the Management of Commercial Bank of Ceylon PLC Investment (USD Mn) No. of Rooms Colombo 903.8 3,941 Hambantota 189.1 720 Gampaha 179.8 1,512 Galle 139.6 1,417 Trincomalee 77.2 794 Jaffna 24.1 298 Batticaloa 43.07 606
- 18. < Research & Development Unit > ANALYSIS & FORECAST
- 23. The views expressed in Economic Capsule are not necessarily those of the Management of Commercial Bank of Ceylon PLC The information contained in this presentation has been drawn from sources that we believe to be reliable. However, while we have taken reasonable care to maintain accuracy/completeness of the information, it should be noted that Commercial Bank of Ceylon PLC and/or its employees should not be held responsible, for providing the information or for losses or damages, financial or otherwise, suffered in consequence of using such information for whatever purpose. Research & Development Unit