JLL comments on the Western Region Megapolis Masterplan’s sustainability and progress

In its monthly Compass bulletin, real estate consultancy Jones Lang Lasalle examined the relevance of the Western Region Megapolis Masterplan to Sri Lanka’s ambitions of improving citizen wealth and rapid economic growth. The statement also questioned the sporadic nature of the progress reported by the project since March 2017, noting that a cornerstone of the…

(0)Comments | November 6, 2018 11:42 am

Business Sentiment – Index Slides to 114 Month Low

The downward spiral in biz sentiment shows no sign of letting up as fears mount Trade within South Asia can increase by nearly threefold  from US$ 23 billion to 67 billion dollars provided that trade barriers are overcome, according to a recent World Bank report titled ‘A Glass Half Full: The Promise of Regional Trade…

(0)Comments | November 5, 2018 10:06 am

Recent Economic Developments: Highlights of 2018 and Prospects for 2019

The Central Bank of Sri Lanka today released its half yearly publication – “Recent Economic Developments: Highlights of 2018 and Prospects for 2019”. A summary of the performance of the Sri Lankan economy in 2018 as reflected in this publication is given below: The Sri Lankan economy faced renewed challenges emanating from global market developments, which disrupted the…

(0)Comments | October 30, 2018 5:15 pm

Smuggled Cigarettes: A challenge to Govt.’s revenue and health objectives

RIU – Sri Lanka is one of the first middle-income countries to adopt a strong tobacco control policy. The country ratified the Framework Convention on Tobacco Control (FCTC) and made early progress with a ban on enclosed public place smoking, graphic health warnings, ban on sales to persons under 21 and a ban on sponsorship,…

(0)Comments | October 26, 2018 5:38 pm

CB Responds to Misleading Newspaper Articles on Rupee Depreciation

The Central Bank of Sri Lanka (CBSL) wishes to make the following statement in relation to the article titled “Government and CB have abdicated vital statutory duty by not being able to deal with rupee depreciation” that appeared in various newspapers on 08th and 09th October 2018. The Central Bank is statutorily charged with the…

(0)Comments | October 12, 2018 10:27 am

Illicit Tobacco: Tackling the Threat to National Law and Order

RIU – Increasingly the illicit tobacco network is becoming a threat to national law and order as well as security. Benefitting from access to new markets with different legal and cultural conditions, organised crime has expanded its engagement in illicit trade significantly. In a recent report on the tobacco industry the Research Intelligence Unit (RIU) said…

(0)Comments | October 10, 2018 2:24 pm

Business Sentiment – Index Falls To a Postwar Low

Negative global reports fuel discontent among members of the business community There’s hardly a shortage of bad news when it comes to Sri Lanka these days with the most recent bombshell coming from certain global economic entities, which have pointed to vulnerabilities in the country’s external debt servicing outlook and exchange rate volatility. Responding to…

(0)Comments | October 4, 2018 10:07 am

Soft skills matter – Jim Garrison, Founder & President, Ubiquity University

A recent study in the United States shows that 93% of employees consider soft skills as, if not more, important than hard skills. A Human Capital Survey by Deloitte indicates that the top mega trend in the US since 2016 is building highly empowered soft skill teams. In a world of escalating hyper-complexity and competition,…

(0)Comments | October 1, 2018 10:19 am

Perceived Economic Opportunity PEO: Second Quarter 2018

This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a random sample of 400 men and women covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months.   STATUS OF JOB PROSPECTS OR BUSINESS PERFORMANCE Analysis of the…

(0)Comments | September 21, 2018 9:55 am

Smart cities can serve citizens better after significant rise in urbanization in Asia

With May’s major flooding in Ratnapura, a city in Sri Lanka, and its disastrous consequences still fresh in our minds, it reminds me of a similar occurrence, this time in the city of Buenos Aires . The cosmopolitan capital of Argentina, too, is not a stranger to floods as it is built on nine streams….

(0)Comments | September 8, 2018 8:12 pm