Sri Lanka’s economy, business climate and socio-economic infrastructure have been improved to considerable level last year compared its situation in 2016.
This was indicated in the Sri Lanka Prosperity Index (SLPI), compiled by the Statistics Department of the Central Bank of Sri Lanka to measure the level of prosperity of the country.
The index comprises of three sub-indices, Economy and Business Climate, Wellbeing of the People and Socio-Economic Infrastructure.
The SLPI increased to 0.771 in 2017 from 0.661 recorded in 2016, mainly due to the improvements in ‘Economy and Business Climate’ and ‘Socio-Economic Infrastructure’ sub-indices.
Economy and Business Climate sub-index has improved during 2017, due to increase in per capita Gross Domestic Product (GDP) and enhancements of the aspects associated with employment the Central Bank said.
With regard to the sub index of Socio-Economic Infrastructure, improvements to the road network with the extensions to the expressways, construction of bridges and flyover projects, availability of electricity facilities and improvements in pipe borne water quality were the key drivers.
Even though ‘Well-being of the People’ sub index has declined during 2017 mainly due to the reduced levels of purity of environment and air quality, improvements were recorded in the aspects of availability of healthcare facilities, availability and quality of education, wealth of people and their engagement in entertainment activities.(Bandula)
You can share this post!
Content
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
Leave Comments