Provincial Gross Domestic Product (PGDP) for 2016 has been computed by the Statistics Department of Central Bank of Sri Lanka (CBSL), by disaggregating the nominal Gross Domestic Product (GDP) compiled by the Department of Census and Statistics (DCS). In the estimation of PGDP for the provinces, the value of each line item in GDP is…
Perceived Economic Opportunity PEO: July, 2017 This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a sample of 400 men and women in July 2017 covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months. Status Of…
By Pranav Desai, Executive Director, Iconic Developments Ltd. The construction sector has been a highly dynamic and vibrant contributor to national economic growth in post-war Sri Lanka, most recently recording a staggering growth rate of 9.3% in the second quarter of 2017. Naturally, this boom in the construction sector has not gone un-noticed with a…
Sri Lanka experienced strong growth at the end of its 26-year conflict. This was to be expected as post-war reconstruction tends to bring new hope and energy to a country. And Sri Lanka has done well—5 percent growth is nothing to scoff at. However, Sri Lanka needs to create an environment that fosters private-sector growth…
The perilous state of the nation sends the sentiment index into a tailspin The new Inland Revenue Bill was passed in parliament in early September with a view to streamline the system of taxation, broaden the tax base and grow government revenue as outlined by the International Monetary Fund (IMF) when it approved a three…
Perceived Economic Opportunity PEO: June, 2017 This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a sample of 400 men and women in June 2017 covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months. STATUS OF JOB…
By Zahir Fuard: Sri Lanka is a land which is well acquainted with the concept of precognition, and a persistent desire to predict the future. Even the most rational among us cannot help but be tempted by the idea. If you knew what was coming tomorrow, would you act differently? What would you do? How…
NEW DELHI: An international study, testing on-road emissions of passenger cars in India, says a diesel SUV may be emitting 25 to 65 times more oxides of nitrogen (NOx) than a small petrol car. On-road emissions of diesel cars may also be far higher than their emissions under lab certification conditions, it adds. The study,…
Perceived Economic Opportunity PEO: May, 2017 This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a sample of 400 men and women in May 2017 covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months. Status…
Having travelled the plantations extensively with some of his kinsmen who were already in the tea industry as a school boy during the 1950s, Jayantissa Ratwatte was a frequent visitor to the island’s hill country tea plantations and so the transition from books to tea was quite an organic one. Continuing a tradition that started…
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