Business Sentiment – Confidence Dips amid Uncertainty

Business sentiment trends down in the wake of lingering concerns among corporates The trade deficit narrowed in September on the back of exports recording earnings in excess of a billion dollars for the fourth consecutive month this year. According to the Central Bank of Sri Lanka (CBSL), this alongside import expenditure remaining largely the same…

(0)Comments | November 30, 2021 7:43 am

UNICEF on Budget Speech 2022

A nation’s budget is not only a statement of income and expenditure but also an instrument for implementing the priorities of the government. Since almost the entirety of resources for social sectors, including for service delivery that is crucial for children’s wellbeing, is funded by public sector budgets, a country’s budget is one of the…

(0)Comments | November 25, 2021 4:22 pm

The Karachi Coastal Comprehensive Development Zone

The Silk Road Journal by Mahika Ming The latest addition to the China Pakistan Economic Corridor (CPEC) is the Karachi Coastal Comprehensive Development Zone (KCCDZ). It is expected to create synergy in the BRI and CPEC as per Pakistani sources.  The farsighted decision has been taken at the CPEC’s 10th Joint Cooperation Committee Meeting. This…

(0)Comments | November 22, 2021 5:40 am

Sri Lanka’s merchandise exports continued its robust performance in October 2021, with a new high

Sri Lanka’s merchandise exports increased by 35.9% to US$ 1,160.62 Million in October 2021 compared to October 2020 as per the data released by the Sri Lanka Customs. Exports maintained above one billion for the fifth time this year. EDB Chairman & CE, Suresh D. de Mel said, “This is the highest-ever merchandise export figure…

(0)Comments | November 19, 2021 1:48 pm

Budget 2022 | Fiscal weakness to persist next year

Key Takeaways Achieving the fiscal revenue target will be somewhat challenging given the subdued economic growth next year and the likelihood of import restrictions continuing through 2022. The GoSL’s fiscal space available to boost economic growth via capital expenditure is greatly constrained at the moment by the country’s dire state of the external position. The…

(0)Comments | November 17, 2021 3:41 pm

Increasing Numbers of Sri Lankans Want to Migrate, especially Youth and Disenchanted Government Voters

Drivers linked to dissatisfaction with COVID strategy and economic prospects, but opposition failing to benefit The Institute for Health Policy (IHP) today released the first results from the Sri Lanka Opinion Tracker Survey (SLOTS) that was launched to assess public opinion as the country recovers from COVID-19. The new survey shows that increasing numbers of…

(0)Comments | November 17, 2021 12:31 pm

Manufacturing PMI reaches 7-month high

Purchasing Managers’ Indices for both Manufacturing and Services activities expanded in October 2021. Indicating a strong revival in manufacturing activities in the country, the manufacturing PMI reached a 7-month high at 60.4 in October 2021. Services PMI increased to 57.9 in October 2021 underpinned by the increases in New Businesses, Business Activities and Expectations for…

(0)Comments | November 17, 2021 10:07 am

Budget 2022 Proposals: Reactions from IPS Researchers

  Dr Dushni Weerakoon Budget 2022 appears to be more of a stop-gap budget rather than one that sets out a framework on how revenues will continue to be mobilised and deficit financing requirements met over time. It seems that the government is hedging its bets on economic growth creating revenues, but with inflation set…

(0)Comments | November 16, 2021 10:22 am

BUDGET 2022: Medium Term Stability In Focus. One-Off Taxes For Limited Set Of Companies – Asia Securities Research

• Immediate one-off impact for large companies akin to the super gains tax seen in 2015; focus on building medium term stability • Government plans on balancing consumption driven growth with ambitious revenue targets • If successful, the introduction of green bond financing is a potential USD inflow avenue The incumbent Government set out the…

(0)Comments | November 15, 2021 10:55 am

BRI Regatta in Beihai

The Silk Road Journal by Mahika Ming The 2021 Belt and Road International Regatta was held in The 2021 Belt and Road International Regatta was held in Beihai, China from the 4th till 12th of November.  Beihai is in the Guangxi Zhuang Autonomous Region in the south of the Peoples Republic of China (PRC). The Belt…

(0)Comments | November 15, 2021 5:42 am

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