global economy Archives

“THE AGE OF INNOCENCE & THENCE-FORTH”. – By Noor Rahim As is my routine, in retired life; I sit relaxed on the porch and watch the clouds roll by. For want of something better to do, my mind as usual, wanders into the “reminiscing mode”. Reversing right back into the past; and thence-forth back again into the “comparison mode”, to that of the present day experiences. I feel lucky and very fortunate indeed that I was born 8 and a half decades ago; when the “Age of Innocence” was a fact and ruled the roost. In comparison I find and lament, that this is hardly so in the present days. I now wonder in amazement if the “Age of Innocence” is almost fictional or just one of those periods that has phased away with time. The only exception I believe is in the “eyes of the Law” where it is ...

Blue Ocean Group builds to last The reputation precedes the name of the construction and real estate giant Being a key player, contributing in various supply chains from labour, raw material and manufacturing and one of the most significant employment providers in Sri Lanka, the construction industry contributes 7.1% to the GDP of the country, employing more than 600,000 workers. Despite the global economic slowdown faced by the world across all industries, and the resulting dented optimism within the real estate and construction sector, the Colombo District Land Valuation Indicator (LVI) reported an overall 6.8% growth rate in the first half of 2021. Overcoming challenges The skies haven’t always been rosy. Dealing with the many hurdles that the pandemic has thrown at the global economy, the construction and real estate sector too has undergone stifling challenges that have caused many smaller players to drop out of the game. Many ...