By Nisha Arunatilake Lockdowns and restricted mobility have devastated labour markets across the world. According to the International Labour Organization (ILO), the equivalent of 225 million jobs was wiped away globally due to employment and working hour losses in 2020 (Q4) compared to 2019 (Q4). These working hour losses are four times higher than those…
Export Performance for May 2021 and the period of January – May 2021 Sri Lanka’s export sector performance has been able to managed its growth momentum in May 2021 with the challenges of this pandemic. “We are happy to see that export levels are reaching fast to the pre-Covid 19 levels despite the continuous multiple…
The Silk Road Journal by Mahika Ming The Father’s day is celebrated around the world on the third Sunday of June. In 2021 it was on 20th June. A father plays an influential role on every child. The impact made on the development of the personality and the shaping of a child’s character by a…
By Tharindu Udayanga The COVID-19 pandemic exerted significant downward pressure on global trade as well as the global economy at large. Unprecedented declines in merchandise trade, foreign direct investment (FDI) flows, tourism and cross-border migration have all been hallmarks of the economic fallout. As a result, growth expectations for countries worldwide dimmed. Nonetheless, thanks in…
The COVID-19 crisis can be an opportunity for Sri Lanka to push forward policies that will enable the country to build back better with stronger measures to attract much-needed Foreign Direct Investment (FDI). Faris Hadad-Zervos, World Bank Country Director for Sri Lanka, Nepal and Maldives speaking during a panel discussion at the virtual Sri Lanka Investment…
Highest quarterly earnings in the history of the CSE, Surpassing the LKR 100bn Milestone. Growth continued strong as the country gradually renewed functionality despite COVID-19 Earnings grew 462% since the 1st wave of Covid-19 in 2Q 2020 Multiple based valuations down, as earnings soared 189% YoY The CSE witnessed another landmark, as reported earnings crossed the…
The Silk Road journal by Mahika Ming Most powerful economic machines of the world didn’t run efficiently during 2020 and are still struggling due to lack of investments. As per Chinese Commerce ministry statistics, the foreign direct investment (FDI) into the Peoples Republic of China (mainland only) have increased by more than 35% from January…
– Chief Information Officer, Union Bank of Colombo, Nisala Kodippili Nisala Kodippili, Chief Information Officer at the Union Bank of Colombo discusses some of the challenges, opportunities and points to note surrounding the current environment of CIAM implementation. Tell us more about what customer identity and access management (CIAM) is: If we take…
By Ashani Abayasekara and Thisali de Silva The year 2020 saw close to 1.6 billion students from over 180 countries being kept out of schools for extended periods of time, in response to the COVID-19 pandemic. Despite commendable efforts by many countries to put in place alternative remote learning strategies and corrective measures, learning losses…
The Silk Road Journal – by Mahika Ming The demand for COVID – 19 testing is increasing ever since the infection was identified in 2019. All health facilities are struggling to their maximum to expand the ability to meet the rising demand. At the outset people had to wait 24 hours or more to get…
