All Stories in Economic

Sri Lanka needs a stronger female work force

Sri Lanka needs a stronger female work force

Sri Lanka needs to look at ways to address, the lower female participation in the labour force and the underemployment of the educated women, to get maximum contribution to the national economy, a senior economist said. “Sri Lanka needs to create more suitable employment opportunities …

Indian Economic Growth to Surpass China in 2015-16

Indian Economic Growth to Surpass China in 2015-16

India’s economic growth is projected to surpass that of China’s, with the GDP expected to zoom by 7.7 per cent in 2016, according to a UN report which said India will help accelerate economic growth in South Asia. The mid-year update of the UN World …

IMF concludes program monitoring discussion

IMF concludes program monitoring discussion

On April 29, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the third Post-Program Monitoring (PPM) discussion with Sri Lanka.1 Recent macroeconomic performance has generally been strong …

IMF raises concern over fiscal deficit

IMF raises concern over fiscal deficit

The International Monetary Fund raised concern on Wednesday over Sri Lanka’s fiscal deficit in 2015 and the medium term after the new government increased wages and spending. The Fund said the 2015 deficit target of 4.4 percent of gross domestic production (GDP) “will likely be …

Central Bank releases Annual Report

Central Bank releases Annual Report

The sixty fifth Annual Report of the Monetary Board of the Central Bank of Sri Lanka was handed over to Ravi Karunanayake, the Minister of Finance by Arjuna Mahendran, the Governor of the Central Bank of Sri Lanka on 29 April 2015. According to the report, …

SEC asks Kalpitiya Beach Resort to postpone EGM

SEC asks Kalpitiya Beach Resort to postpone EGM

The Security & Exchange Commission (SEC) wanted  Kalpitiya Beach Resort to postpone the extraordinary general meeting (EGM) scheduled for 08 May 2015 in response to a SEC order by one month. The SEC  directed Kalpitiya Beach Resort on 20 March 2015 to call an EGM to apprise …

China’s revival of ‘South–South’ economic relations

China’s revival of ‘South–South’ economic relations

China’s revival of ‘South–South’ economic relations raises the opportunity of re-balancing global power. This could have profound implications for economic progress, including poverty reduction and structural change, in the developing world. China holds the economic heft of the BRICS countries (Brazil, Russia, India, China and …

Political uncertainty drives investors to adopt a cautious approach

Political uncertainty drives investors to adopt a cautious approach

Sri Lanka’s Ceylon Chamber of commerce says, prevailing political uncertainty impacts negatively on the economic and business environment in the Island and restore confidence and attract investment parliamentary elections must be held expeditiously. The chamber says even though it appreciates the diverse positions taken on the …

Traffic and meetings are biggest work distractions

Traffic and meetings are biggest work distractions

A recent report by the workspace provider Regus has identified the biggest causes of UK professionals’ delays and distractions at work.  Of the 3000 professionals asked about interruptions to their working day, over a third (39 percent) identified traffic jams as a productivity killer. In …

South Asia, now the fastest-growing region in the world

South Asia, now the fastest-growing region in the world

Driven by a strong expansion in India, coupled with favorable oil prices, economic growth in South Asia is expected to accelerate. The region is among the greatest global beneficiaries from cheap oil, as all countries in it are net oil importers. In the last quarter …