The barometer rises although a plethora of uncertainties lurk in the background From climate concerns to more high profile arrests and a busy bribery commission, Sri Lanka has seen no shortage of headline grabbing developments over the past month. And drug related arrests continue apace, although shootings show little sign of abating. The anticorruption drive…
The Asia Pacific Economic Corporation (APEC) is a regional economic forum founded in November 1989 to boost free trade, investment, and sustainable growth across the Pacific Rim (Ref. APEC). USA, Canada, Mexico, China, Japan, South Korea, Singapore, Indonesia, Malaysia, Philippines, Vietnam, Brunei, Australia, New Zealand, Russia and Thailand etc. are members of APEC. Though not…
A new study by the Institute of Policy Studies of Sri Lanka (IPS) highlights the significant contribution of Sri Lanka’s agrifood sector to the economy and identifies opportunities to drive export growth through high-value agriculture and agro-processing. The study finds that while primary agriculture accounts for 8.3% of Gross Domestic Product (GDP), the broader agrifood…
The Sri Lankan economy has faced a series of external and internal shocks in recent years that weakened its long-term growth outlook. Despite defying post-crisis growth trajectories, fresh uncertainties from oil price shocks and climate-related risks suggest that the policy context to accelerate growth will be even more challenging. In this context, select policy recommendations…
The Peoples Republic of China was founded by the Chinese Communist Party on 1st October 1949 & will be celebrating its 77th anniversary this year. Sri Lanka (then Ceylon) recognized it when many didn’t as latter has had centuries old relations with the great Chinese civilization. China is the only permanent member of the UN…
Young people in Sri Lanka are entering one of the most daunting job markets in recent history, confronting Asia’s highest rate of educated youth unemployment alongside severe emergency economic restrictions. According to International Monetary Fund (IMF) research, joblessness among young people (ages 15–24) with advanced or postsecondary education in Sri Lanka has reached 43 percent….
By: Bikram Dasgupta, EY GDS Consulting Technology Sector and AI Innovation Leader The future is being shaped by a generation growing up alongside artificial intelligence (AI), biotechnology, and quantum computing. For Sri Lanka, however, the opportunity is not to replicate the scale of the world’s largest technology hubs. It is to turn the country’s talent,…
A prolonged settlement over the MV X-Press Pearl dispute could prove costly for Sri Lanka’s shipping economy Four years after the MV X-Press Pearl caught fire and sank off Colombo, spilling plastic pellets and chemicals along Sri Lanka’s western coastline, the environmental case has largely been settled in the country’s favour. The economic one has…
By Dr Nirmal De Silva – Associate Professor in Strategy, Policy Contributor & Corporate Advisor I have lost count of how many meetings end in much the same way. The formal business is concluded, the laptops are closed, and then comes the question that often says more than the agenda ever did: where should we…
Confidence in the economy strengthened in August with a larger share of corporate executives anticipating an improvement in the months ahead. However, the outlook remains cautious with half of those surveyed expecting economic conditions to remain unchanged amid rising costs and continued uncertainty surrounding the broader economic milieu. THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence…
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