The document provides an economic update from Sri Lanka with the following key points:
1) S&P revised Sri Lanka's outlook to stable from negative while affirming its credit ratings, citing the government's continued reform momentum and expectations it will smooth upcoming debt redemptions.
2) Business confidence in Sri Lanka crawled up in October but remains below historical averages, with concerns over the economy and business climate persisting.
3) The ADB extended $350 million in loans to Sri Lanka to improve roads and boost renewable energy through a 100MW wind power project.
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.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
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.
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What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
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
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
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how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
2. C O N T E N T S
ECONOMIC & BUSINESS NEWS
Budget 2018
S&P revises Sri Lanka Outlook to Stable from Negative; ‘B+/B’ ratings affirmed
Business confidence crawls up in October
ADB extends USD 350mn to boost roads, energy
Colombo District Land Prices up 12.6% in First Half of 2017
FDIs to double to USD 1.5bn by end-2017: BOI
The Orion City Towers are declared open for bookings
INTERNATIONAL NEWS
“Rising debt and low interest posing greatest market risks” –IMF Dep. Managing
Director
Euro zone to grow fastest in decade in 2017, to slow slightly in 2018, 2019
Aussie Housing Market is Four Times the Size of Economy
BANKING SECTOR
CBC Results as of 30.09.2017
Commercial Bank wins dual honours at International Finance awards
Commercial Bank - Branch Openings
Commercial Bank commissions landmark 700th ATM in Sri Lanka
4. Commercial Bank Results as of
30.09.2017
< Research & Development Unit >
Profit after Tax
Loans and Receivables to
other Customers Due to other Customers
Cont…
5. < Research & Development Unit >
Assets Gross NPA
Commercial Bank Results as of 30.09.2017
(cont…)
6. Commercial Bank wins dual honours at
International Finance awards
< Research & Development Unit >
Commercial Bank has been adjudged
‘Best Green Bank’ and ‘Best Private Bank’
in Sri Lanka by International Finance
Magazine (IFM) of the UK, which is read in
over 185 countries worldwide.
• The Best Green Bank award recognises the catalytic role Commercial Bank has played in
promoting environmental sustainability through its lending for renewable energy projects
and other initiatives that help reduce the environmental footprint of its clients, as well as
the Bank’s own efforts to make its operations eco-friendly.
• Best Private Bank award is presented to the banks which have introduced innovative
banking products and offer a wide range of services to its customers, regardless of size,
public or private status.
7. Commercial Bank commissions landmark 700th ATM in Sri Lanka
< Research & Development Unit >
The automated teller machine (ATM) network of
the Commercial Bank of Ceylon achieved a
milestone with the commissioning of its 700th
ATM terminal at MAS Intimates Vidiyal in
Kilinochchi.
Commercial Bank - Branch Openings
257th – Katana (23/11/17)
258th – Rabukkana (30/11/17)
259th – Yatiyanthota (7/12/17)
9. Budget 2018
< Research & Development Unit >
Revenue Proposals 2018
The budget as a whole has been designed with the intention of gathering tax revenue of Rs.
110 Bn.
22% of the revenue is expected from
taxes on motor vehicles by way of excise
duty and luxury tax.
Revisions to VAT and NBT are expected to
contribute another 22%.
34% of total revenue is expected from
four new taxes i.e. Cellular Tower Levy,
SMS Advertising Levy, Debt Repayment
Levy and Carbon Tax.
Cont…
10. Budget 2018 (cont…)
< Research & Development Unit >
Some of the key budget proposals and their implications are analyzed below. However, it
should be noted that this analysis has been based on information that is currently available.
It is important to be constantly on the lookout for subsequent amendments that may be
effected in relation to the budget proposals.
• Environmentally friendly proposals: With a view to inducing people to switch from
petrol/diesel vehicles to environmentally friendly electric vehicles excise duties
applicable on all electric vehicles including three wheelers and buses have been
lowered while duties applicable on petrol/diesel vehicles have been revised upward.
• This proposal is supplemented with incentivizing the use of ‘off grid solar power’ for
establishing electric car charging stations and also for agro processing, poultry and
the hotel industry. Perhaps the incentive for ‘off grid solar power’ should also be
extend to households with a view to encouraging motor vehicle users to switch from
fuel based to electric vehicles. The minimal cost of charging electric vehicles at their
homes, at their convenience would inspire the vehicle users for the switch.
Additionally, these measures will help in realizing the Government’s vision of total
elimination of petrol/diesel vehicles by 2040 and conversion of all Government
vehicles to hybrid or electric by 2025.
Cont…
11. Budget 2018 (cont…)
< Research & Development Unit >
• Removal of VAT exemption on sale of condominium housing units: The
sale of condominium housing units which were made exempt from 01
November 2016 has been made liable again after the lapse of a year.
This will pose several challenges to apartment developers who had
gone through a significant change from a liable regime to an exempt
regime (in November 2016) and they would now have to revert back to
a liable regime from 01 April 2018.
• Removal of para-tariffs: Proposed to remove 1,200 para-tariffs (within a
time frame of 3 years) on import items that at present do not carry any
customs duties. Moreover, CESS will also be removed from 253 items to
facilitate emerging sectors such as tourism and value adding industries.
This is in line with efforts to liberalize trade, reduce border
inefficiencies, and capitalize on Sri Lanka’s locational advantages as a
trading hub. Cont…
12. Budget 2018 (cont…)
< Research & Development Unit >
• Enabling 100% foreign ownership in shipping and freight forwarding:
Currently foreign ownership in companies engaged in shipping agency
business and freight forwarding agencies is limited to 40%. This restriction is
proposed to be lifted, enabling 100% foreign ownership.
• By enabling 100% foreign ownership, the government is anticipating them to bring in
investments, create more jobs and generate more cargo volume.
• However, some analysts have questioned the benefit of this proposal. They have pointed
out that there are currently in excess of 750 local shipping and freight forwarding and
clearing agents employing over 12,000 direct staff most (indirectly-linked staff would be
much higher) of whose jobs would be at risk as would the enterprises themselves.
• Further, these analysts have also questioned the validity of the contention that the
shipping lines and logistics operators will base their operations in Sri Lanka as a result of
implementing this budget proposal due to the fact that currently there is no restriction on
shipping lines or logistics operators setting up their 100%-owned headquarters or regional
offices in Sri Lanka. Cont…
13. Budget 2018 (cont…)
< Research & Development Unit >
• Debt repayment levy: This levy will be imposed on all transactions
entered in to by a commercial bank. It is expected that the revenue
collected from this levy will be utilized for the repayment of the
government debts. The rate of tax is Rs.2/- per transaction worth
Rs.10,000/- (i.e. 0.02%). The levy should be paid by the financial
institutions according to the budget speech.
‘Repetitions’: The Budget Speech also contains ‘repetitions’ of certain proposals that were
presented in previous budgets, such as listed companies with foreign shareholders being
permitted to acquire freehold title, removal of restriction on foreigners acquiring
condominium properties below the 4th floor and the VAT refund scheme for tourists.
The Debt Repayment Levy of 0.02 per cent applicable on all transactions entered in to by a
commercial bank is also akin to the “Financial Transaction Levy” proposed in the Budget
2017, but was not legislated.
14. S&P revises Sri Lanka Outlook to Stable
from Negative; ‘B+/B’ ratings affirmed
< Research & Development Unit >
S&P Global Ratings revised its outlook on Sri Lanka to Stable from Negative.
At the same time, it affirmed its ‘B+’ long-term and ‘B’ short-term sovereign
credit ratings on Sri Lanka.
The Sri Lankan Government has maintained its reform momentum, as shown by the passage
of the Inland Revenue Act.
Expects the Government to implement additional measures to smooth the approaching debt
redemption spike in 2019.
The Stable Outlook reflects the expectation that the Government will maintain the reform
momentum over the next 12 months and smooth the upcoming surge in debt redemptions,
particularly in 2019
According to S&P
15. Business confidence crawls up in October
< Research & Development Unit >
• The LMD-Nielsen Business Confidence Index (BCI) has recovered
marginally following its crash in the previous month to reach 106
basis points in October, the latest edition of business magazine
LMD reports.
• The BCI recovered from its crash to 99 basis points in the previous
month to record 106 in October. Nevertheless, the index remains
well below both its 12 month and all-time averages of 120 and 130
respectively – and a year ago, it was as high as 165.
• Nielsen’s Managing Director cautions in LMD that “large-scale
concerns on the economy and business climate still persist.”
• “While Vision 2025 has been welcomed by stakeholders, business
leaders and consumers are looking for more on the ground and
immediate action to rebuild lost confidence.” he said.
Source: LMD
16. ADB extends USD 350mn to boost roads,
energy
< Research & Development Unit >
The Ministry of Finance and Mass Media has entered
into two loan agreements with Asian Development
Bank (ADB) to borrow USD150mn for the
development of roadways and USD 200mn for the
implementation of a 100 MW Wind Power
Generation Project in Mannar Island.
• Under the first phase, 3,108 km of rural access roads and 248km of national roads
in Southern, Central, Sabaragamuwa, North Western, North Central Provinces and
Kalutara District in Western Province are being improved and maintained.
• The total investment cost of the first tranche of this project is USD 172.1mn. ADB
provides USD 150mn and the Government Contribution will be USD 22.1mn.
Cont..
17. < Research & Development Unit >
• Implementation of the Wind Power Generation Project will support the
Government’s objective of achieving 20% of the total power generation
through non-conventional power generation by 2020 by enhancing clean
power generation.
• The total investment cost of this project is USD 256.7mn of which USD
200mn will be provided by ADB as a direct loan to CEB under a Treasury
Guarantee. The balance USD 56.7mn will be financed by CEB.
ADB extends USD 350mn to boost roads,
energy (cont..)
Source: Daily FT
18. Colombo District land prices up 12.6% in
1H, 2017
Source: CBSL < Research & Development Unit >
Colombo district *Land Price Index (LPI), compiled by the CBSL
recorded an increase of 12.6% (yoy) for the period ending June
2017. All three sub-indices of LPI (Residential, Commercial and
Industrial) contributed to this increase.
*In the compilation of the LPI, CBSL uses the land price data collected by the Valuation Department of Sri Lanka
covering around 50 centers of five Divisional Secretariat (DS) divisions (Colombo,Dehiwala,Homagama,Kaduwela
and Kesbewa) in the Colombo District.
In view of the diverse nature of the land use and to maintain homogeneity, three indices for residential,
commercial and industrial lands are computed separately.
The overall LPI is computed by taking the average of these three sub-indices.
19. FDIs to double to USD 1.5bn by end-2017:
BOI
< Research & Development Unit >
• According to BOI Chairman , the total FDIs for 2017 (year-to-date) amount to
USD 1bn and will reach USD 1.5bn by the end of this year with a few projects in
the pipeline.
• Outlining the FDI trends in 2017, he noted that vigorous investment facilitation,
ironing out various bottlenecks that hampered the realization of investments,
the withdrawal of land lease tax and the introduction of online submission of
FDI survey were key reasons for the increased investments.
The Board of Investment (BOI) revealed Foreign
Direct Investments (FDIs) in 2017 would double
to USD 1.5bn from last year whilst expressing
confidence of a USD 5bn figure by 2020.
20. The Orion City Towers are declared open
for bookings
< Research & Development Unit >
The Orion City Towers complex is now open for
bookings, according to Orion City CEO Jeevan
Gnanam. The building is part of the master plan of
the Orion City IT Park- Sri Lanka’s largest one-stop
hub for innovation and collaboration.
• Orion City Towers complex is located at Baseline Road,
Colombo 09 with total rentable area of 350,000 square feet,
with 22 floors.
• The completed Orion City Towers will also include an executive
club with a business center, lounge areas, meeting venues and
private dining facilities.
• The Executive Lounge at the top-most floor hosts a fully
equipped gymnasium, meeting facilities and an exclusive
rooftop terrace garden. The complex will also include a
boutique hotel with B&B, ideal for hosting corporate visitors.
22. “Rising debt and low interest posing greatest
market risks” –IMF Dep. Managing Director
< Research & Development Unit >
• The prolonged period of low central bank interest rates and rising debt in developed
economies poses the greatest risk to financial markets in the medium-term, according
to an IMF executive.
• "In financial markets, there are risks that come from having low interest rates for a
very long time," he said. That's affecting risk-taking behavior - it's affecting the market
risk that capital market participants have” according to David Lipton the IMF’s first
deputy managing director.
• "We are seeing some greater leverage in the corporate world, in some countries for
households, so that rising indebtedness and that increase in market risk really is
something that policymakers should keep an eye on”.
According to the Bank for International Settlements, global corporate and household debt
reached 138% as a share of GDP in 2016, compared to 115% in 2007, before the start of
the economic downturn. The 2016 figure for advanced economies was 195%.
23. Euro zone to grow fastest in decade in
2017, to slow slightly in 2018, 2019
< Research & Development Unit >
•The euro zone economy will grow at its fastest pace
in a decade this year, according to the European
Commission forecast, sharply increasing its
projections from earlier this year, but the expansion
will slow somewhat next year and in 2019.
Source Reuters
In its regular forecasts for all
European Union economies, the
Commission said the economy of
the 19 countries sharing the euro
would grow 2.2% this year, up
from 1.8% in 2016.
•The European economy has performed
significantly better than expected this year,
propelled by resilient private consumption,
stronger growth around the world, and falling
unemployment.
24. Aussie Housing Market is Four Times the Size
of Economy
Source : Bloomberg
< Research & Development Unit >
• Australia’s housing market dwarfs its economy
after five years of red-hot price growth. The value
of the nation’s homes has ballooned to AUD 7.3tn
(USD 5.6tn) - or more than four times gross
domestic product.
• Not even the U.S. and U.K. markets achieved such
heights at their peaks a decade ago before prices
spiraled lower and dragged their economies with
them.
• “The risk is that it leaves the Australian economy
extremely exposed, and a minor shock could
become far more significant,” said Daniel Blake,
an economist at Morgan Stanley in Sydney.
25. 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.
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