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…
RIU – Sri Lanka is one of the first middle-income countries to adopt a strong tobacco control policy. The country ratified the Framework Convention on Tobacco Control (FCTC) and made early progress with a ban on enclosed public place smoking, graphic health warnings, ban on sales to persons under 21 and a ban on sponsorship,…
The Central Bank of Sri Lanka (CBSL) wishes to make the following statement in relation to the article titled “Government and CB have abdicated vital statutory duty by not being able to deal with rupee depreciation” that appeared in various newspapers on 08th and 09th October 2018. The Central Bank is statutorily charged with the…
RIU – Increasingly the illicit tobacco network is becoming a threat to national law and order as well as security. Benefitting from access to new markets with different legal and cultural conditions, organised crime has expanded its engagement in illicit trade significantly. In a recent report on the tobacco industry the Research Intelligence Unit (RIU) said…
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…
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,…
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…
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….
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….
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