Sri Lanka’s Export Performance in January 2023 Sri Lanka’s merchandise exports decreased by 8.98 % to US$ 1,001.9 Million in January 2023 compared to January 2022 as per the data released by the Sri Lanka Customs. However, it is a 6.97% increase when compared to January 2021. Major Exports in January 2023 Export earnings from…
Business Sentiment – BIZ Confidence in a Tailspin “As soon as adequate assurances are obtained and the remaining requirements are met – including by the Sri Lankan authorities – the Extended Fund Facility (EFF) can be presented to the IMF’s Executive Board for approval, which would unlock much needed financing,” a spokesman for the so-called…
Sri Lanka is at a critical moment in its history. Years of economic mismanagement, weak governance, poor policy choices, and the impacts of external shocks such as the COVID-19 pandemic and the Russian invasion of Ukraine, plunged the country into its worst-ever crisis in 2022. Economic collapse and political instability have devastated lives and livelihoods…
The Mindanao conflict in the Philippines affected peace in the archipelago for decades. The Moro Islamic Liberation Front was fighting with the Philippine government seeking an autonomous region for the Muslims. About a decade ago Agriculture officials introduced the “Arms to Farms” concept which has by now proven a successful human development initiative. Ex-combatants were…
Land Valuation Indicator – Second Half of 2022 Land Valuation Indicator (LVI) for Colombo District increased by 14.8 per cent on a year-on-year basis to 205.2 during the second half of 2022. All sub-indicators of LVI, namely Residential LVI, Commercial LVI and Industrial LVI contributed to the overall increase. Commercial LVI recorded the highest annual…
Achintha Hewanayake is a Veteran banker, Accountant, and IT specialist. CL Synergy Limited (CLS), is a fully-fledged Freight forwarding company, prioritizing flexibility, efficiency, and competitive pricing. Founded in 2004, CLS firmly believes in challenging the status quo. This is part of the ‘why’ that the company operates on and is very much part of its…
Overseas buyer interest in Sri Lankan properties increased by 40% in 2022, compared with the year before, according to the Real Estate Market Outlook Report 2023, published by Sri Lanka’s leading real estate portal, LankaPropertyWeb. The report said that traffic from overseas countries such as the United Kingdom, Australia, the United States, Canada, and Middle-Eastern…
Sri Lanka Satisfaction has declined. Verité Research releases the results of the “Mood of the Nation” poll for February 2023 Another round of the Gallup Style “Mood of the Nation” poll was conducted in early February 2023 by Verité Research. It assessed the approval, satisfaction, and confidence of the nation in relation to the government,…
President Trump in 2017 offered an alternative to China’s Belt and Road (BRI) & invited others to create the QUAD. By 2018 the Indo Pacific region was the topic on the tables in the US. Then France was shown the door but the submarines. In 2020 COVID – 19 affected all. While Trump called it…
AI, business messaging, cross-border shopping, virtual and augmented reality, creators, online shopping, and short-form video. Meta’s APAC VP looks at what should brands focus on this year. I usually start the year by sharing what I know with businesses about the social media trends intersecting with business across our platforms. Social networks, creators/influencers, friends, and…
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