By Dr. Ganeshan Wignaraja: Global stock markets seem jittery once again. After substantial rallies during the first half of 2019, stock markets have given back much of their gains over the last two months. Against fears over a global recession, an intensifying trade war between the US and China, and an increased likelihood of a…
Business Sentiment – Index Regains Pre 4/21 Footing In mid-August, the cabinet approved a proposal to present a Vote on Account (VoA) with the aim of allocating government expenditure for the first quarter of 2020. This move is attributed to the belief that it wouldn’t make sense to introduce a fully fledged budget in the…
Land Price Index (LPI) for Colombo district compiled by the Central Bank of Sri Lanka, reached 132.2 during the first half of 2019, recording an increase of 13.6% compared to the first half of 2018. The three sub-indices of LPI, namely Residential, Commercial and Industrial have contributed to this increase. Industrial LPI recorded the highest…
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 of the year 2019. STATUS OF JOB PROSPECTS OR BUSINESS…
According to the latest monthly LMD-Nielsen Business Confidence index (BCI) survey, only 12% of respondents consulted by Nielsen, for LMD’s publisher Media Services, anticipate that the economy will improve in the next 12 months. Conversely, the majority view is that economic conditions will worsen. “Certain industries have been slow to pick up after April and…
The latest LMD-Nielsen Business Confidence index (BCI) poll state that the economy will improve in the next 12 months, where as in May only 6% of respondents were as optimistic. “Many of the economic problems witnessed are because local companies don’t produce enough and due to high taxes,” States a survey respondent. While another remarks,…
Demand for land in Thalahena, Gothatuwa and Kolonnawa are rising significantly, resulting in the highest percentage increases in land prices in Greater Colombo, according to a recently concluded study. LankaPropertyWeb.com analysed postings in its website to ascertain the change in asking prices for land in the Greater Colombo area. Thalahena topped the list, recording a…
According to the latest monthly LMD-Nielsen Business Confidence index (BCI) survey more than two-thirds of respondents consulted by Nielsen, for LMD’s publisher Media Services, anticipates that the economy will worsen over the next 12 months. This sentiment is driven by slow or no investment and in the light of the impact of the mayhem since…
Business Sentiment – Index Falls To a Decade-Plus Low The sad truth is that Sri Lanka Inc. will suffer as much as the people, following the deadly Easter Sunday explosions in the commercial capital and elsewhere that rocked a nation basking in the glory of nearly 10 years of peace on the ground – and…
Why do you think it is necessary to go for a Rights Issue at this time? The main objective of this Issue is to increase the Tier 1 Capital of the Bank in order to accommodate and support the Bank’s future business expansion and continue our well established franchise of being the premier provider of…
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