CCPI YoY inflation increases to 9.9 per cent, while annual average inflation rises to 5.3 per cent in November 2021

Headline inflation, as measured by the year-onyear (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100), increased to 9.9 per cent in November 2021 from 7.6 per cent in October 2021. Meanwhile, the CCPI measured on an annual average basis, increased to 5.3 per cent in November 2021 from 4.8 per cent in October 2021. Inflation was driven by monthly…

(0)Comments | December 1, 2021 9:50 am

The Tightrope Walk on Decentralised Finance and Cryptocurrencies

By: Charith Gamage Cryptocurrencies together with Decentralised Finance (DeFi), the finance ecosystem that extends cryptocurrencies into banking territory, can positively impact developing countries.  But it is not quite so straightforward and is still a double-edged sword for developing markets like Sri Lanka. So, how should the country position itself to face the key challenges ahead?…

(0)Comments | November 30, 2021 12:26 pm

Reimagining the Future of Sri Lanka’s Apparel Industry

By Shirendra Lawrence The emergence of apparel and textiles as a significant contributor to Sri Lanka’s economy began post-Independence in 1948 when a few pioneering industrialists saw opportunities in its domestic market. Following the liberalization of the economy in the late 70’s, the industry ventured into exports, bringing in much needed foreign exchange, and before…

(0)Comments | November 30, 2021 12:07 pm

Business Sentiment – Confidence Dips amid Uncertainty

Business sentiment trends down in the wake of lingering concerns among corporates The trade deficit narrowed in September on the back of exports recording earnings in excess of a billion dollars for the fourth consecutive month this year. According to the Central Bank of Sri Lanka (CBSL), this alongside import expenditure remaining largely the same…

(0)Comments | November 30, 2021 7:43 am

UNICEF on Budget Speech 2022

A nation’s budget is not only a statement of income and expenditure but also an instrument for implementing the priorities of the government. Since almost the entirety of resources for social sectors, including for service delivery that is crucial for children’s wellbeing, is funded by public sector budgets, a country’s budget is one of the…

(0)Comments | November 25, 2021 4:22 pm

The Karachi Coastal Comprehensive Development Zone

The Silk Road Journal by Mahika Ming The latest addition to the China Pakistan Economic Corridor (CPEC) is the Karachi Coastal Comprehensive Development Zone (KCCDZ). It is expected to create synergy in the BRI and CPEC as per Pakistani sources.  The farsighted decision has been taken at the CPEC’s 10th Joint Cooperation Committee Meeting. This…

(0)Comments | November 22, 2021 5:40 am

Sri Lanka’s merchandise exports continued its robust performance in October 2021, with a new high

Sri Lanka’s merchandise exports increased by 35.9% to US$ 1,160.62 Million in October 2021 compared to October 2020 as per the data released by the Sri Lanka Customs. Exports maintained above one billion for the fifth time this year. EDB Chairman & CE, Suresh D. de Mel said, “This is the highest-ever merchandise export figure…

(0)Comments | November 19, 2021 1:48 pm

Budget 2022 | Fiscal weakness to persist next year

Key Takeaways Achieving the fiscal revenue target will be somewhat challenging given the subdued economic growth next year and the likelihood of import restrictions continuing through 2022. The GoSL’s fiscal space available to boost economic growth via capital expenditure is greatly constrained at the moment by the country’s dire state of the external position. The…

(0)Comments | November 17, 2021 3:41 pm

Increasing Numbers of Sri Lankans Want to Migrate, especially Youth and Disenchanted Government Voters

Drivers linked to dissatisfaction with COVID strategy and economic prospects, but opposition failing to benefit The Institute for Health Policy (IHP) today released the first results from the Sri Lanka Opinion Tracker Survey (SLOTS) that was launched to assess public opinion as the country recovers from COVID-19. The new survey shows that increasing numbers of…

(0)Comments | November 17, 2021 12:31 pm

Manufacturing PMI reaches 7-month high

Purchasing Managers’ Indices for both Manufacturing and Services activities expanded in October 2021. Indicating a strong revival in manufacturing activities in the country, the manufacturing PMI reached a 7-month high at 60.4 in October 2021. Services PMI increased to 57.9 in October 2021 underpinned by the increases in New Businesses, Business Activities and Expectations for…

(0)Comments | November 17, 2021 10:07 am

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