Sri Lanka’s corporates pause on how they view the outlook for business
March, 1, 2021
BIZ Confidence Stabilises
As far as biz sentiment goes, 2020 had its ups and downs – the LMD-Nielsen Business Confidence Index (BCI) oscillated between a high of 174 basis points at the beginning of the year, fell progressively thereafter against a backdrop of an unprecedented pandemic until August when it bounced back to above the century mark, only to shift into reverse gear and end the calendar year at a lowly 83 on the BCI scale.
In August, a new government assumed power following a landslide victory at the general election – amid a lull in the spread of the virus, albeit temporarily – although the gains were soon wiped out with the onset of the second wave of the deadly virus.
Uddalok Bhattacharya sums up
Nitin Desaiwrites: Disasters such as the one in Uttarakhand are going to get worse as the average global temperature goes up by much more than what we have experienced so far Air travel is limping back to normal, but airlines are far from a take-off, says
Anjuli Bhargava An interesting feature of Indian households is that independent of their current economic conditions, they are systematically optimistic of their future.
Mahesh Vyas explains how
QUOTE
Whenever roads will be blocked, and people would be prevented from going to work, or children to school, there will always be a Kapil Mishra to stop that … I will do what I did again.