The document provides an economic capsule summarizing recent news in Sri Lanka and internationally. It includes the following key points:
1) Sri Lanka has been ranked as the top island economy for investment potential by an FT publication. However, foreign direct investment remains relatively low at under 1% of GDP.
2) The EU has restored Sri Lanka's access to preferential tariffs under the GSP+ trade scheme, providing an estimated annual tariff benefit of $330 million for key exports like apparel, seafood, and fruits.
3) China's One Belt One Road initiative involves over $1.3 trillion in infrastructure projects across 68 countries to revive trade routes and boost China's influence. Sri Lanka hopes to
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
2. C O N T E N T S
ECONOMY & BUSINESS
Sri Lanka tops island economies ranking
Sri Lanka Regains GSP Plus
Debug Hospitality and Leisure launches Amber Collection in Sri Lanka
Jetwing Lake opens
India’s ITC Group to build mid-market hotel chain with MMBL Leisure
INTERNATIONAL
BANKING & FINANCE
Commercial Bank offers e-FDs online
Exciting new features in Combank’s re-launched ‘Dotcom Teen Account’
Commercial Bank Results as at 31 March 2017
China's One Belt One Road
4. Commercial Bank offers e-FDs online
< Research & Development Unit >
Commercial Bank’s Online Banking platform
has been further enhanced with the
introduction of Electronic Fixed Deposits
(e-FDs) in both local and foreign currencies.
• The e-FD facility is available 24 x 7, 365 days of the year, to Sri Lankan citizens and
holders of Non Resident Foreign Currency Accounts (NRFCs), Resident Non National
Foreign Currency Accounts (RNNFCs), Resident Foreign Currency Accounts (RFCs)
and ‘FC Plus’ accounts in the Domestic Banking section, the Bank said.
• Foreign Currency e-FDs may be opened in four major currencies – the US Dollar,
Great Britain Pound, Euro or Australian Dollar.
5. Exciting new features in Combank’s
re-launched ‘Dotcom Teen Account’
< Research & Development Unit >
Banking has just become more exciting for teenagers and
pre-teens with the re-launch of ‘Dotcom’ Teen Account – the
popular Youth Savings Account of Commercial Bank of Ceylon,
with a host of new features and benefits.
• Dotcom Teen Account holders, who are between the ages of 10 and 18
years, can now obtain loans for educational purposes, use their debit
cards to make purchases or withdrawals and enjoy Online Banking and
Mobile Banking free of charge.
• Additionally, the parents or guardians of Dotcom Teen Account holders can transfer funds to their
children’s accounts via standing orders free of charge, and receive SMS notifications on all
transactions carried out with the Dotcom debit card.
• The Dotcom debit cards are Near Field Communication (NFC) enabled for secure ‘tap and go’
transactions. Cardholders are also eligible to receive COMBANK Max Loyalty Rewards points on all
payments.
6. Commercial Bank Results as at 31 March 2017
< Research & Development Unit >
Profit before Tax Profit after Tax
Cont…
7. < Research & Development Unit >
Due to other Customers Loans and Receivables to
other Customers
Commercial Bank Results as at 31 March 2017
(cont..)
9. Sri Lanka tops island economies ranking
< Research & Development Unit >
“If this result confirms the country’s potential for
investment achieved in the past few years it does not
necessarily mean that this potential has fully
materialized yet. In fact levels of FDI remain relatively
low. In 2016 foreign investment accounted for less than
one percent of GDP, well below the rate for South
Asian countries which the World Bank says is about
1.8% on average,” stated fDi Magazine Deputy
Editor Jacopo Dettoni making a short presentation.
fDi Magazine, part of The Financial Times UK, has
selected Sri Lanka as the top pick among twenty
seven island economies around the world as
having the most potential to attract investment.
10. Sri Lanka Regains GSP Plus
< Research & Development Unit >
EU - Sri Lanka's biggest export market (nearly 1/3 of SL's total exports)
Total bilateral trade - Almost EUR 4 bn (2016)
EU’s imports from Sri Lanka - EUR 2.6 bn (or USD 2.8 bn)
(Mainly of apparel, rubber products, fisheries, food (including tea) and
light engineering products)
Immediate tariff benefit - EUR 300 mn (around USD 330 mn) a year
The European Union removed a significant part of the
remaining import duties on Sri Lankan products with effect
from 19th May, 2017 as part of a special arrangement of the
EU's Generalised Scheme of Preferences, known as GSP Plus.
Cont…Source: A. Wijesinghe & J. Ratnayake - EIU of CCC, K. Hewage & S. Satarasinghe - IPS
11. Sri Lanka Regains GSP Plus (cont..)
< Research & Development Unit >
Main sectors that will benefit under GSP Plus;
In many apparel categories duties
will be cut from 9.6% to zero
Seafood sector - 18.5% to zero
Fresh & processed fruits and
vegetables sector - 12.5% to zero
Porcelain and ceramic ware sector
- 8.4% to zero
Toy products sector - 1.2% to
zero.
Cont…Source: A. Wijesinghe & J. Ratnayake - EIU of CCC, K. Hewage & S. Satarasinghe - IPS
12. Sri Lanka Regains GSP Plus (cont..)
< Research & Development Unit >
Sri Lanka’s top export product, apparel which accounts for 61% of total
exports to the EU will get a major boost due to regaining the GSP Plus
facility.
Indications are that more EU customers would now change their
sourcing strategy (which currently is tilted towards duty free countries
like Bangladesh and Cambodia) in favour of Sri Lanka.
Given that Rules of Origin (ROO) under GSP Plus requires fabric to be
sourced from Sri Lanka (or from an area that qualifies for regional
cumulation) in order to qualify for GSP Plus, an increase in demand for
fabric sourced from Sri Lankan fabric mills (rather than from countries
such as China) is anticipated
Cont…Source: A. Wijesinghe & J. Ratnayake - EIU of CCC, K. Hewage & S. Satarasinghe - IPS
13. Sri Lanka Regains GSP Plus (cont..)
< Research & Development Unit >
Within the EU, Britain is the biggest market, accounting for the bulk
(approximately 30%) of Lankan exports.
Sri Lankan exports will no longer qualify for preferential access to the
UK once it leaves the EU, unless a similar arrangement is negotiated
directly between Sri Lanka and the UK.
Therefore, Sri Lanka should prepare to face an economic shock, at least
temporarily, to its export sector, once the UK officially leaves the EU.
In apparel, for instance, the UK accounts for more than 40% of total
Sri Lankan exports to the EU. Therefore, the government would need
to move early to forge a deal with the UK.
Source: A. Wijesinghe & J. Ratnayake - EIU of CCC, K. Hewage & S. Satarasinghe - IPS
14. Debug Hospitality and Leisure launches
Amber Collection in Sri Lanka
< Research & Development Unit >
The leisure arm of the renowned Sri Lankan brand
Debug – Debug Hospitality and Leisure Ltd. has officially
unveiled ‘The Amber Collection’, the newest high-end
offering by the company for leisure and business
travellers.
The collection consists of boutique service apartments
called ‘Amber FR 16’ and a fleet of luxury houseboats
‘Amber Flow’.
Jetwing Lake opens
The 94-room, all new Jetwing Lake is located 5 km away
from the Dambulla town.
15. India’s ITC Group to build mid-market hotel
chain with MMBL Leisure
< Research & Development Unit >
India’s giant ITC Group is to build a mid-
market hotel chain with MMB Leisure with
first of its kind city hotel planned in Trinco
and several other popular provincial cities.
WelcomeHotels Lanka is the project
company for the ITC Sheraton coming up in
Galle Face with an investment of over USD
300 mn.
ITC Hotels is India’s premier chain of luxury hotels that has become synonymous
with Indian hospitality and operates over 100 hotels in over 70 destinations in
India.
18. China's One Belt One Road
The Belt and Road Forum is China's answer to Davos or the G20, centered around the
colossal One Belt, One Road (OBOR) trade initiative, which takes its inspiration from
the ancient Silk Road trading route.
• In 2013 Chinese President Xi Jinping unveiled an ambitious economic and foreign
policy - the "Silk Road Economic Belt" and the "21st Century Maritime Silk Road".
• China wants to revive the network of silk-trade routes across ocean and land of
centuries past.
• It's instigating an infrastructure-building boom across Central Asia up to Europe to
boost trade and improve transport logistics.
• The land-based projects are the belt. Various economic corridors are on the cards
too, including with Pakistan, Mongolia and Bangladesh.
• The maritime route will connect up China's southern provinces to south-east Asia
and the east coast of Africa with ports and railways.
< Research & Development Unit >
Disclaimer: This presentation has been issued for the information of the customers of Commercial Bank of Ceylon PLC only. The Bank and its employees do not accept any responsibility for the accuracy or completeness of the contents and any losses arising from any use of this material.
Cont..
19. China's One Belt One Road: WHY
• Beijing wants to exercise regional leadership, and make the Renminbi the main
trade and investment currency in countries involved.
• China needs to channel "excess capacity" somewhere.
• It's about standard setting. China wants to shift from lower-level manufacturing
to higher-end industrial goods. It believes emerging markets in its
neighbourhood will be more willing to accept Chinese-made high-speed rail,
energy generators and telecommunications equipment than developed
countries.
• China is trying to close the inequality gap between inland western provinces
and its wealthy eastern seaboard.
• China has used the initiative to help portray its economy as open to the world,
distinct from a rising wave of global protectionism, as U.S. President Donald
Trump promotes an "America First" policy. < Research & Development Unit >
Disclaimer: This presentation has been issued for the information of the customers of Commercial Bank of Ceylon PLC only. The Bank and its employees do not accept any responsibility for the accuracy or completeness of the contents and any losses arising from any use of this material.
Cont..
20. China's One Belt One Road: IN NUMBERS
• One Belt One Road has USD 1.3 trillion worth of
projects already initiated.
• President Xi announced an extra USD 124 billion at
Belt and Road Forum in Beijing on May 14-15,2017.
• One Belt One Road is more than seven times larger
than America's Marshall Plan to rebuild Europe after
the Second World War.
• Countries involved: 68
< Research & Development Unit >
Disclaimer: This presentation has been issued for the information of the customers of Commercial Bank of Ceylon PLC only. The Bank and its employees do not accept any responsibility for the accuracy or completeness of the contents and any losses arising from any use of this material.
Cont..
21. Sri Lanka’s place in China’s ‘Silk Road’
Silk Road and its potential for
high level infrastructure boom
offer Sri Lanka an opportunity
to build a platform that would
attract the attention of other
prospective development
partners.
Sri Lanka should view it as an
opportunity to diversify, rather
than one of dependence.
< Research & Development Unit >
Disclaimer: This presentation has been issued for the information of the customers of Commercial Bank of Ceylon PLC only. The Bank and its employees do not accept any responsibility for the accuracy or completeness of the contents and any losses arising from any use of this material.
Source: CNN, NZ Herald & Sri Lanka’s place in China’s ‘Silk Road’ by Ranga Jayasuriya (DM 2017-05-16)
22. 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 >
Those who speak do not know. Those who know, do not speak.
Sincere words are not fine; fine words are not sincere.
Lao Tzu