Verité Research launches Gallup style “Mood of the Nation” poll in Sri Lanka Government approval rating is only 10% Gallup is the most reputed polling organisation in the world. It runs a regular “Mood of the Nation” poll in the United States. Verité Research has adapted that same poll and scoring methodology to follow the…
The Silk Road Journal by Mahika Ming Sri Lanka is entangled in an energy crisis due to many reasons as of now. While the forex inflow mechanisms are not yet fully operational after the COVID pandemic, forex reserves are largely used to purchase fossil fuel for transport and energy. Thus the public experience long queues…
Business Sentiment – Confidence Continues to Hold The Central Bank of Sri Lanka’s most recent Purchasing Managers’ Index (PMI) reveals that the nation’s manufacturing sector recovered in January with the index gaining ground from 58.1 in December to 58.7 a month later. However, the ongoing shortage of foreign exchange continues to undermine this recovery, the…
By Asanka Wijesinghe The Russian invasion of Ukraine deepens the existing global economic woes – persistent supply chain bottlenecks and associated rising inflation – clouding the prospects of a smooth global economic recovery from the pandemic. The West, led by the US and the EU, swiftly imposed strict economic sanctions, targetting Russian banks, oligarchs, political…
By Imesha Dissanayake The Government of Sri Lanka (GoSL) has very ambitious plans for the country’s economic transformation including an economic growth expectation of more than 6% during five-year period of 2022-2027. The national budget announced in 2022, forecasts public investments to be at 5.1% of GDP. A similar figure was announced during the last…
The Silk Road Journal by Mahika Ming As per the famous Chinese folk tale, the world was in total darkness having never seen light and people could not imagine what light was. One day ten brave red Crows began a journey to bring light to the dark world. They flew through dangerous paths till they…
LonelyPlanet – Sri Lanka’s tropical beaches are unanimously adored. Crafted from a 1340km (833-mile) coastline, its countless topographically varied beaches, coves, and bays attract sun-seekers, fun lovers, and surfers throughout the year. Wildlife plays its part too – beaches are vital nesting grounds for endangered marine turtles, while blue whales are sighted at sea. Sri…
The Silk Road Journal by Mahika Ming As per Ministry of Commerce of China, mainland alone had attracted foreign direct investment (FDIs) worth approx. 1.7 billion USD in 2021 at time the world was battling COVID 19. It is an approx. 15% increase from 2020. This according to sources excludes banking, securities and insurance sectors….
By Kimuthu Kiringoda “Tourism has been described as the world’s largest transfer of resources from rich to poor, dwarfing international aid.” – Salli Felton, CEO, Travel Foundation The tourism industry’s performance was hampered first by the Easter Sunday bomb explosions in 2019 and then the COVID-19 pandemic. Sri Lanka saw a decline in tourist arrivals from…
By Felix Fernando Much has been said of the potential economic costs to Sri Lanka, of losing the Generalised Scheme of Preferences (GSP) Plus trade concessions to the European Union (EU). While these costs will be high, the social and human costs are likely to be even greater. Considering official statistics for 2021, available up…
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