A recent nationally representative survey by LIRNEasia, a regional think tank, showed that worryingly, 33% of households in Sri Lanka reduced their food consumption in the 7 days prior to survey implementation due to the economic crisis. Further, in 27% of households, adults restricted their food consumption to allow their children to eat. Dharshani (name…
Land Price Index 2023 According to the 2023 Land Price Index (LPI) developed by LankaPropertyWeb (LPW), Colombo city land prices have shown a 9% increase since the previous year, while the rest of Colombo district, along with Gampaha and Kalutara districts have shown marginal increase or decrease. Overall, Western province has shown a 2% increase…
Fitch Ratings-Colombo, Sydney-07 June 2023: Weak operating conditions for Sri Lankan insurers raise near-term downside risks to their credit profiles, says Fitch Ratings. Operating risks have risen due to the sovereign’s deteriorated credit profile and the resultant lowering of the national ratings of some state-owned and private-sector institutions. The negative rating actions on the Sri…
With the current GSP+ regulation set to expire by the end 2023, it is imperative that Sri Lanka takes measures to secure concessionary access to the European market. Securing GSP+ depends on Sri Lanka upholding the already ratified conventions spanning human rights, labour, environment and governance. If Sri Lanka is to lose GSP+, the combined…
Business Sentiment – Index Comes Under Pressure At best, there’s been a lull in the psyche of businesspeople; as a worst case, the time to take stock following the IMF’s US$ 3 billion Extended Fund Facility (EFF) approval on 20 March has resulted in a reality check of what Sri Lanka will have to endure…
By Prof Samitha Hettige Asia’s foremost defense summit is the Shangri la Dialogue held in Singapore. SL’s Galle dialogue is expected to go on same lines. Senior defense officials come there to debate region’s security challenges & take fresh approaches together. A review of the past indicates that some members use it to teach others about…
By Jagathdeva Vidanagama PhD World Environment Day should drive focus on decarbonisation of Sri Lankan industries Sri Lanka’s Energy Savers are industry leaders and energy practitioners who are determined to help the country slash energy waste and greenhouse gas emissions. They explain what they are doing to decarbonize Sri Lankan industries and why the time…
Fitch Ratings – Global trade is now slowing sharply after a rapid post-pandemic recovery in 2021 and 2022, Fitch Ratings says in a new report. Monetary tightening, fading fiscal support and service sector reopening are now weighing on global goods demand, which leapt extraordinarily during the pandemic. World industrial production is also decelerating rapidly. Services trade…
Majority Sri Lankans consider themselves Buddhists. One may say that within that majority only a very small minority are practicing Buddhists. Vanishing greed, hatred & fraternity can be considered the essence of Buddhist way of life. Those who vanish bonds may spiritually experience space travel as gravitational pull due to bonding is reduced. Chinese space…
Sri Lanka’s Export Performance in April 2023 Sri Lanka’s merchandise exports decreased by 16.15 % to US$ 814.1 Million in April 2023 compared to April 2022. Moreover, it is a 0.5 % decrease when compared to April 2021. Declining trend in merchandise exports further continues due to the negative trends shown in major export products….
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