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CSE recovers after shaky start to reap turnover of Rs. 5.41 billion island.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from island.lk Daily Mail and Mail on Sunday newspapers.
Some Sri Lanka firms could be hit on import controls as reserves fall: Fitch island.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from island.lk Daily Mail and Mail on Sunday newspapers.
Friday July 23, 2021 8:41 am Friday July 23, 2021 8:41 am ECONOMYNEXT – Some Sri Lanka firms could be hit while firms in essential goods may be less affected and import substitution firms could benefit if import controls are tightened on weak external finances, Fitch, a rating agency said. “…Sri Lanka sovereign’s weak external finances will affect corporates importing non-essential finished goods such as consumer durables more than corporates importing essential finished goods such as pharmaceuticals, food or clothing,” Fitch said. “At the same time, we believe restrictions are less likely in the near term on the importation of raw materials for the domestic manufacture of essential products such as personal care, or for those industries serving as import-substitutes such as tyre and footwear manufacturers.” ....
9th World Construction Symposium from 9-10 July 2021 msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Fitch Ratings has affirmed Sri-Lanka based footwear and tire manufacturer and retailer DSI Samson Group (Private) Limited (DSG) at ‘AA(lka)’. The Outlook is Stable. The affirmation and Stable Outlook reflect Fitch’s belief that DSG will maintain sufficient liquidity and healthy operating performance in the next one to two years such that its leverage and fixed-charge coverage will remain adequate for its rating. The ‘AA(lka)’ rating reflects DSG’s market leadership in the highly fragmented and competitive footwear retailing space, which is supported by an island-wide network of 200 outlets and its in-house manufacturing. DSG is also a market leader in the domestic two-wheeler and three-wheeler tire segments. ....