Business Sentiment – Index Falls To a Postwar Low

Negative global reports fuel discontent among members of the business community There’s hardly a shortage of bad news when it comes to Sri Lanka these days with the most recent bombshell coming from certain global economic entities, which have pointed to vulnerabilities in the country’s external debt servicing outlook and exchange rate volatility. Responding to…

(0)Comments | October 4, 2018 10:07 am

Soft skills matter – Jim Garrison, Founder & President, Ubiquity University

A recent study in the United States shows that 93% of employees consider soft skills as, if not more, important than hard skills. A Human Capital Survey by Deloitte indicates that the top mega trend in the US since 2016 is building highly empowered soft skill teams. In a world of escalating hyper-complexity and competition,…

(0)Comments | October 1, 2018 10:19 am

Perceived Economic Opportunity PEO: Second Quarter 2018

This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a random sample of 400 men and women covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months.   STATUS OF JOB PROSPECTS OR BUSINESS PERFORMANCE Analysis of the…

(0)Comments | September 21, 2018 9:55 am

Smart cities can serve citizens better after significant rise in urbanization in Asia

With May’s major flooding in Ratnapura, a city in Sri Lanka, and its disastrous consequences still fresh in our minds, it reminds me of a similar occurrence, this time in the city of Buenos Aires . The cosmopolitan capital of Argentina, too, is not a stranger to floods as it is built on nine streams….

(0)Comments | September 8, 2018 8:12 pm

BIZ Confidence Trending Down

Corporates are visibly perturbed by the uncertainty clouding the macro landscape Sri Lanka’s long history of protests was upheld when railway unions decided to strike in mid-August, much to the displeasure of commuters. According to reports attributed to Sri Lanka Railways’ Additional General Manager (Operations), the Railways Department incurred a loss in excess of Rs….

(0)Comments | September 6, 2018 3:09 pm

Pulling back the curtain on the privatization of Sri Lanka’s plantation sector

~ Dr. Romesh Bandaranaike shares his unique perspective of Sri Lanka’s plantations With the fate of Sri Lanka’s plantation industry continuing to remain as a hot-button issue of debate in the media, numerous views have been aired on the rationale behind the privatization of state plantations in 1992. In order to clarify the facts regarding…

(0)Comments | August 30, 2018 1:18 pm

Moody’s: Sri Lanka’s credit profile balances progress on reforms against vulnerability to tightening financial conditions

Moody’s Investors Service says that the credit profile of the Government of Sri Lanka (B1 negative) is supported by the authorities’ progress in implementing reforms, which entail fiscal consolidation and a build-up of foreign exchange reserves. Sri Lanka also benefits from moderate per capita income levels and stronger institutions than those of many similarly rated…

(0)Comments | August 22, 2018 9:49 am

Fitch Ratings: Profiles of Sri Lankan Banks Stable Despite Operating Environment Headwinds

Fitch Ratings maintains a negative banking-sector outlook for Sri Lanka in 2018 as operating conditions should remain challenging, which could put mild pressure on performance during the rest of 2018 and possibly 2019. Nevertheless, the performance of Sri Lankan banks under Fitch’s coverage remained fairly stable through 2017 and 1Q18, and Fitch expects their credit…

(0)Comments | August 16, 2018 2:40 pm

CSE’s Depository arm CDS capitalizing on technology to diversify business

Central Depository Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE) is announcing a number of new offerings focused on raising-the-bar in the services offered to its stakeholders. In this in-depth interview, Mr. Nalin Fonseka, Head of CDS speaks on the thinking behind these new offerings and how they will…

(0)Comments | August 13, 2018 11:18 am

Improved infrastructure plays major role in real estate values – JLL Report

With the recent announcement that the much-anticipated Colombo Light Rail Transit (LRT) project is all set to proceed with Phase 1 following the green light from government ministries, there has been widespread speculation on its effect on the price of property within close proximity to the line. Taking into consideration various factors and an accumulation…

(0)Comments | August 6, 2018 12:04 pm