The prosperity, measured by the Sri Lanka Prosperity Index (SLPI)1, which is a composite indicator that measures and compares the level of prosperity of the country and across its provinces, has improved to 0.864 in 2015 from 0.804 in the previous year. Analyzing the movements in 2014-2015 period, the SLPI improved along with the improvements…
Perceived Economic Opportunity PEO: Octomber, 2016 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 October 2016 covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing tweleve months. Status of job…
The Manufacturing Sector PMI was 58.4 in November with an increase of 1.9 index points compared to October 2016 indicating that the manufacturing activities expanded in November compared to October. This was mainly due to the higher pace in which Employment and Production sub-indices expanded during the month. The New Orders sub-index also increased during…
Perceived Economic Opportunity PEO: September, 2016 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 September 2016 covering all districts in Sri Lanka on their expectations of economic prospects in the coming 12 months. Status of the…
Ms. Gagan Singh, Chairperson – Jones Lang LaSalle Sri Lanka While Sri Lanka has been witnessing a noticeable growth in per capita income over the past couple of years, its retail industry still remains underpenetrated. However, this is set to change as the sector is about to witness a phase of enormous growth. Currently, the…
With regards to the current crisis facing the tea industry in Sri Lanka, the Tea Exporters Association released the following article on what ails this industry. What ails the Sri Lanka Tea Industry? 1. Recognition of the different industries under tea – There are two different sectors in the Tea Industry, the Plantation/Growers sector and…
Tourist arrivals to Sri Lanka have recorded a figure of 186,288 for the month of August 2016, the latest report of the Sri Lanka Tourism Development Authority has revealed. Compared to the corresponding month in 2015 where tourist arrivals had been 166,610, this is a growth of 11.8 per cent. Meanwhile, tourist arrivals within the…
~ Gagan Singh, Chairperson – Jones Lang LaSalle Sri Lanka Financial indicators in the commercial office market are considered as the mirror of the demand and supply situation. Currently, as the Colombo office market witnesses occupancy levels as high as 95%, occupiers intending to expand are likely to face a scarcity of options as the…
By the Economic Intelligence Unit, Ceylon Chamber of Commerce Participants at the recently concluded Sri Lanka Economic Summit are optimistic about the government’s ability to deliver economic results in the next four years, but are critical of the progress made so far and have mixed views about Budget 2017, according to a survey conducted at…
Intel Security, in partnership with the Center for Strategic and International Studies (CSIS), has just released Hacking the Skills Shortage, a global report outlining the talent shortage crisis impacting the cybersecurity industry across both companies and nations. A majority of respondents (82 percent) admit to a shortage of cybersecurity skills, with 71 percent of respondents…
