• Parking fees limits the number of unwanted parking • Gives more opportunity for people to find a parking spot Colombo is in need of better, managed parking as the city continues to grapple with congestion on the streets. According to the Ministry of Transport and Civil Aviation, by 2017 the vehicle population in Sri…
First Capital Research the research arm of the country’s one of the leading investment banks in their latest Mid-Year Economic outlook points out that “A further defeat for the present Government may worsen the prevailing political uncertainty” adding that however, an improvement in the voter base may provide some respite. Report highlights that the political uncertainty…
The Sri Lanka Economic Summit 2018 organised by the Ceylon Chamber of Commerce was held last month with a focus on turning around the economy following weak growth, rising global commodity prices and uncertainty surrounding global trade. A statement issued by the chamber notes that the emphasis would be on “shaping a turnaround for the…
Biz folk are less than impressed with the turn of events on the national stage The depreciation of the Sri Lankan Rupee has come into greater focus with the currency trading close to the psychological barrier of Rs. 160 to the US Dollar in recent times. A sum of nearly US$ 220 million in foreign…
Recently released LMD-Nielsen Business Confidence Index (BCI) survey reveals that economic optimism in May this year remained relatively unchanged from the previous month, and analysts also highlight that economic sentient remains dull. Although 7% (up from 5% in the previous month) of corporate executives believe economic conditions will improve over the next 12 months according…
Businesspeople are taking heart from the absence of majorly negative events The dreaded fuel price increase came into effect at state owned petrol stations across the land in May, bringing them in line with the formula based pricing mechanism adopted by the government to comply with IMF lending criteria in the main. This led to…
~ The impact of infrastructure – Steven Mayes, Managing Director, JLL Lanka Much has been made in the media lately, about foreign direct investment in infrastructure in Sri Lanka, principally from China, and concerns about Sri Lanka becoming over reliant on such sources for its development. There has been less discussion as to how new…
The latest edition of renown business magazine LMD reports a decline of 19 basis points in the LMD-Nielsen Business Confidence Index (BCI). Whilst it had fell to 98 in April, a 70-month low or the lowest in 6 years, LMD notes that this is the second time the index has fallen below the 100 mark…
“The downward trend in sentiment continues on the back of below par economic growth”, Sri Lanka’s leading Business Magazine LMD said in a recent Opinion Poll on country’s economy in a comprehensive report. “Optimism regarding the economy continues to dwindle as a mere five percent of respondents (vs 11% in March) expect an improvement over…
Interview on Food Safety and Nutrition with Dr. Krishanthi Premarathne The great majority of people will experience a food borne disease at some point in their lives. This highlights the importance of making sure the food we eat is not contaminated with potentially harmful bacteria, parasites, viruses, toxins and chemicals. Food can be contaminated at…
