The unique index returns to triple digits albeit with little cause to rejoice Sri Lanka’s economy grew by four percent year on year in the second quarter of 2017, improving on the 3.8 percent acceleration in the previous quarter, according to the Department of Census and Statistics, with modest growth in the industry and services…
Pushpa drops her youngest son off at the day care centre at St. Theresa’s Church in Thimbirigasaya every day. The 37-year-old then heads to work as a maid. There are days when this routine becomes impossible. If her child is feverish, for instance, the day care won’t accept him because he may infect the other…
There is little argument that both Colombo and the city of Galle are two of the most developed urban regions in Sri Lanka. What’s significantly common about these two regions is that they are not just economically developed, but they are also highly celebrated travel destinations that offers so much for locals as well as…
By the Research Intelligence Unit (RIU) –www.riunit.com As part of the ongoing series of articles focused on developing a sustainable policy framework for the tobacco industry in Sri Lanka, RIU herein looks at the short-comings of recent government intervention and shares some of the findings from a recently completed high-level study amongst the key stakeholders…
Provincial Gross Domestic Product (PGDP) for 2016 has been computed by the Statistics Department of Central Bank of Sri Lanka (CBSL), by disaggregating the nominal Gross Domestic Product (GDP) compiled by the Department of Census and Statistics (DCS). In the estimation of PGDP for the provinces, the value of each line item in GDP is…
Perceived Economic Opportunity PEO: July, 2017 This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a sample of 400 men and women in July 2017 covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months. Status Of…
By Pranav Desai, Executive Director, Iconic Developments Ltd. The construction sector has been a highly dynamic and vibrant contributor to national economic growth in post-war Sri Lanka, most recently recording a staggering growth rate of 9.3% in the second quarter of 2017. Naturally, this boom in the construction sector has not gone un-noticed with a…
Sri Lanka experienced strong growth at the end of its 26-year conflict. This was to be expected as post-war reconstruction tends to bring new hope and energy to a country. And Sri Lanka has done well—5 percent growth is nothing to scoff at. However, Sri Lanka needs to create an environment that fosters private-sector growth…
The perilous state of the nation sends the sentiment index into a tailspin The new Inland Revenue Bill was passed in parliament in early September with a view to streamline the system of taxation, broaden the tax base and grow government revenue as outlined by the International Monetary Fund (IMF) when it approved a three…
Perceived Economic Opportunity PEO: June, 2017 This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a sample of 400 men and women in June 2017 covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months. STATUS OF JOB…
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