Fears over country situation abate; a slightly more positive outlook unfolds: Survey

The latest LMD-Nielsen Business Confidence index (BCI) poll state that the economy will improve in the next 12 months, where as in May only 6% of respondents were as optimistic. “Many of the economic problems witnessed are because local companies don’t produce enough and due to high taxes,” States a survey respondent. While another remarks,…

(0)Comments | July 8, 2019 2:20 pm

Land Prices in Greater Colombo Increase by up to 64% as Demand Grows for Affordable Land Outside the City

Demand for land in Thalahena, Gothatuwa and Kolonnawa are rising significantly, resulting in the highest percentage increases in land prices in Greater Colombo, according to a recently concluded study. analysed postings in its website to ascertain the change in asking prices for land in the Greater Colombo area. Thalahena topped the list, recording a…

(0)Comments | June 27, 2019 11:47 am

Economic Outlook Hangs In the Balance as Concern over the Country Situation Mounts: Survey

According to the latest monthly LMD-Nielsen Business Confidence index (BCI) survey more than two-thirds of respondents consulted by Nielsen, for LMD’s publisher Media Services, anticipates that the economy will worsen over the next 12 months. This sentiment is driven by slow or no investment and in the light of the impact of the mayhem since…

(0)Comments | June 12, 2019 11:35 am

Biz confidence slumps again in April – and is set to worsen post-Easter Sunday

Business Sentiment – Index Falls To a Decade-Plus Low The sad truth is that Sri Lanka Inc. will suffer as much as the people, following the deadly Easter Sunday explosions in the commercial capital and elsewhere that rocked a nation basking in the glory of nearly 10 years of peace on the ground – and…

(0)Comments | May 7, 2019 11:27 am

Lakshman Silva, CEO of DFCC Bank on the Bank’s latest Rights Issue

Why do you think it is necessary to go for a Rights Issue at this time? The main objective of this Issue is to increase the Tier 1 Capital of the Bank in order to accommodate and support the Bank’s future business expansion and continue our well established franchise of being the premier provider of…

(0)Comments | April 8, 2019 12:01 pm

Business Sentiment – Index Stumbles on Budget Fears 

Panic ahead of the 2019 budget leads to a retreat in business confidence in March A recent communiqué by Fitch Ratings asserts that Sri Lanka is taking steps to reduce fiscal and economic risks while also restoring policy certainty following the disruption caused by political upheaval late last year. However, it cautions that “there remain…

(0)Comments | April 2, 2019 10:28 am

What BREXIT Means For the UK – Sri Lanka Trade

RIU Trade surveillance report in association with the Sri Lankan High Commission in London Mar 28, 2019 (London) – The United Kingdom is one of the major trading partners of Sri Lanka, amounting to over 10 percent of the total annual trade. The trade between two countries has been on the upsurge for the last…

(0)Comments | March 28, 2019 4:55 pm

MullenLowe Sri Lanka and Breakthrough Business Intelligence identify 12 power points about the evolving Sri Lankan consumer that will shape your brand and business

As Sri Lanka steps-up to middle income status, Sri Lankans are stepping up to new opportunities and challenges. Based on their experience in working with brands and interacting with consumers on a regular basis, Dilini Jayasuriya – Executive Director of Breakthrough Business Intelligence (Pvt) Ltd. and Abhishek Hariharan – Associate Vice President & Head of…

(0)Comments | March 6, 2019 1:30 pm

Study: HR and Finance say Short-Termism and Culture clashes are biggest barriers to collaboration

~ Global study examines how data and analytics can bring finance and HR teams together A short-term mindset and entrenched cultural habits are the biggest barriers to collaboration between HR and finance teams according to a new study from Oracle. The study of 1,510 HR, finance and business professionals found that in order to successfully unlock the value…

(0)Comments | January 31, 2019 6:39 pm

Perceived Economic Opportunity PEO: Third 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…

(0)Comments | January 17, 2019 9:24 am

Video Story

Stock Market

Exchange Rates