Businesspeople recoil in the face of post-poll concerns and mounting civil unrest A tumultuous period followed the recent local government (LG) elections, which saw a perceived shift in power within the government and led to uncertainty regarding how the coalition partners might proceed. The climate of uncertainty was soon exacerbated by racially motivated riots by…
Despite first being established in 1968 on Watawala Plantations’ Nakiyadeniya Estate in the Galle district, oil palm has until recent times gone under the radar as one of Sri Lanka’s most promising cash crops. While this is true both in terms of its ability to generate substantial profits for estates and the remarkably positive socio-economic…
~ Climate change likely to result in higher levels of rainfall in wet-zones and more severe droughts in dry zones ~ Reducing gap between day and night temperatures likely to limit growth of susceptible cash crops ~ Crop diversification and Agro-ecological intensification the only viable strategy for agri, plantation sectors and Sri Lankan economy as…
Global real estate consultancy Jones Lang La Salle (JLL) recently announced the company’s predictions for Sri Lanka’s commercial office and retail markets in 2018, identifying opportunities related to the increased investments in the country and broad challenges in the face of policy inconsistency and a tighter fiscal environment. JLL is a professional services and investment…
Headline Inflation, as measured by the change in the National Consumer Price Index (NCPI, 2013=100), which is compiled by the Department of Census and Statistics (DCS), decreased to 3.2 per cent in February 2018 from 5.4 per cent in January 2018, on year-on-year basis. The high base prevailed in February 2017 as well as the…
The Research Intelligence Unit (RIU) in collaboration with the Big Issue Magazine launched the Sri Lanka Economic Forum today. The theme for the forum was Taxation in Sri Lanka, with a focus on a case study of the tobacco industry. The report was part of an independent study conducted by RIU. A country’s fiscal and…
Perceived Economic Opportunity PEO: November & December, 2017 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…
Corporates play it safe as biz sentiment consolidates ahead of the recent elections Much of this year to date has been spent anticipating the outcome of the local government (LG) polls, analysing the shock result in the wee hours of 11 February, and then the possible impact of political and economic aftershocks… as our politicians…
The Central Bank of Sri Lanka (CBSL) compiles and analyses several indicators, in order to monitor the developments in the real estate sector. Accordingly, the Land Price Index (LPI) is compiled biannually covering the Colombo District since 1998. In the compilation process of LPI, CBSL uses the land price data collected by the Valuation Department…
The business confidence gauge remains intact for the time being ahead of more elections In early December, Sri Lanka formally handed over the Hambantota Port to China on a 99 year lease despite criticism that the move could lead to an erosion of the country’s standing as a sovereign state. The southern port has incurred…
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