Panic ahead of the 2019 budget leads to a retreat in business confidence in March A recent communiqué by Fitch Ratings asserts that Sri Lanka is taking steps to reduce fiscal and economic risks while also restoring policy certainty following the disruption caused by political upheaval late last year. However, it cautions that “there remain…
RIU Trade surveillance report in association with the Sri Lankan High Commission in London Mar 28, 2019 (London) – The United Kingdom is one of the major trading partners of Sri Lanka, amounting to over 10 percent of the total annual trade. The trade between two countries has been on the upsurge for the last…
As Sri Lanka steps-up to middle income status, Sri Lankans are stepping up to new opportunities and challenges. Based on their experience in working with brands and interacting with consumers on a regular basis, Dilini Jayasuriya – Executive Director of Breakthrough Business Intelligence (Pvt) Ltd. and Abhishek Hariharan – Associate Vice President & Head of…
~ Global study examines how data and analytics can bring finance and HR teams together A short-term mindset and entrenched cultural habits are the biggest barriers to collaboration between HR and finance teams according to a new study from Oracle. The study of 1,510 HR, finance and business professionals found that in order to successfully unlock the value…
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…
In a way, 2018 has been like the TV series of Ninja Warrior for emerging technologies with AI, automation, data and blockchain the key competitors trying to surmount the many obstacles and challenges in their way. And, like the programme, so far these technologies have played hard and achieved much, but failed to win the…
Business Sentiment – Index Takes A Hit In Hard Times Profits of Sri Lanka’s listed companies declined by as much as 10 percent year on year in the quarter ended 30 September 2018, according to a report filed by First Capital Holdings, which also points to lower consumer spending during this period. The report notes…
In its monthly Compass bulletin, real estate consultancy Jones Lang Lasalle examined the relevance of the Western Region Megapolis Masterplan to Sri Lanka’s ambitions of improving citizen wealth and rapid economic growth. The statement also questioned the sporadic nature of the progress reported by the project since March 2017, noting that a cornerstone of the…
The downward spiral in biz sentiment shows no sign of letting up as fears mount Trade within South Asia can increase by nearly threefold from US$ 23 billion to 67 billion dollars provided that trade barriers are overcome, according to a recent World Bank report titled ‘A Glass Half Full: The Promise of Regional Trade…
The Central Bank of Sri Lanka today released its half yearly publication – “Recent Economic Developments: Highlights of 2018 and Prospects for 2019”. A summary of the performance of the Sri Lankan economy in 2018 as reflected in this publication is given below: The Sri Lankan economy faced renewed challenges emanating from global market developments, which disrupted the…
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