The Investor Sentiment - Equity and investments forum for Sri Lankans



Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans

The Investor Sentiment - Equity and investments forum for Sri Lankans

Would you like to react to this message? Create an account in a few clicks or log in to continue.
The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
SL's public holidays and the economy EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
SL's public holidays and the economy EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
SL's public holidays and the economy EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
SL's public holidays and the economy EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
SL's public holidays and the economy EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
SL's public holidays and the economy EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
SL's public holidays and the economy EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
SL's public holidays and the economy EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
SL's public holidays and the economy EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
SL's public holidays and the economy EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
SL's public holidays and the economy EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
SL's public holidays and the economy EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
SL's public holidays and the economy EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
SL's public holidays and the economy EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
SL's public holidays and the economy EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
SL's public holidays and the economy EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
SL's public holidays and the economy EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
SL's public holidays and the economy EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
SL's public holidays and the economy EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
SL's public holidays and the economy EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
SL's public holidays and the economy EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
SL's public holidays and the economy EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
SL's public holidays and the economy EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
SL's public holidays and the economy EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
SL's public holidays and the economy EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
SL's public holidays and the economy EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
SL's public holidays and the economy EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
SL's public holidays and the economy EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
SL's public holidays and the economy EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
SL's public holidays and the economy EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
SL's public holidays and the economy EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
SL's public holidays and the economy EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
SL's public holidays and the economy EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
SL's public holidays and the economy EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
SL's public holidays and the economy EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
SL's public holidays and the economy EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
SL's public holidays and the economy EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
SL's public holidays and the economy EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
SL's public holidays and the economy EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
SL's public holidays and the economy EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
SL's public holidays and the economy EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
SL's public holidays and the economy EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
SL's public holidays and the economy EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
SL's public holidays and the economy EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
SL's public holidays and the economy EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
SL's public holidays and the economy EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
SL's public holidays and the economy EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
SL's public holidays and the economy EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
SL's public holidays and the economy EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
SL's public holidays and the economy EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

    SL's public holidays and the economy

    avatar
    Rana
    Top contributor
    Top contributor


    Posts : 1786
    Join date : 2015-12-16

    SL's public holidays and the economy Empty SL's public holidays and the economy

    Post by Rana Fri Apr 29, 2016 12:36 am

    SL's public holidays and the economy F96ede9bb3d9506363bd1ac15fdf88a0_M
    After years of civil conflict, Sri Lanka takes the needs of its multiethnic population very seriously, with a very pleasant side-effect: 25 national public holidays a year.


    It's one of the highest national public holiday counts in Asia, far outstripping Singapore's 13 days, Japan's 17 days and even Indonesia and Thailand's relatively generous 19 and 20 days respectively. For Americans, who survive on a measly nine mandated days off a year, as well as Australians on just 10, 25 would be a dream.
    Sri Lankans can thank their country's many recognized religions for the days-off bonanza.

    Up to 70 percent of Sri Lankans are Buddhists, while the rest of the population identify as Hindu, Muslim, Catholic, Christian or "other," according to an official census in 2012. As a result, most public holidays are for Buddhist holiday days, but there are also holidays for important Hindu, Christian and Muslim religious events.
    The full moon day of every lunar month is known in Sri Lanka as Poya day, a Buddhist day of observance. There are 12 Poya public holidays alone in 2016, which generally sees residents wind down and the sale of alcoholic beverages, meats and fish banned.
    Lolitha Abesinghe, managing director of investment advisory firm Opportunity Sri Lanka, told CNBC that the high number of religious public holidays was a way to "extend the same level of respect to a cosmopolitan mix of population...to maintain the peace, harmony and coexistence in the country."
    The war ate up more than $200 billion in government spending over the years, according to an estimate by the Asia Economic Institute, as well as damaging economic development - an effect from which Sri Lanka is still recovering.
    And while the high number of national holidays are a sign of religious equality, some businesses complain that they're unfavorable for the economy.
    People working on a public holiday are entitled to double the normal rate of wages, according to Sri Lanka's Shop and Office Employees Act.
    "Business entities in Sri Lanka have worked around the higher number of holidays to continue generating a good level of productivity," Abesinghe said.
    He added that the public holidays helped boost the revenue potential of hotels, shopping malls and other entertainment-related industries.
    But Lahiru Pathmalal, chief executive of Takas, a Sri Lanka-based internet e-commerce startup, is less positive.
    "Public holidays may lead to better off-time but in terms of productivity and consumer behaviours there's an impact," he said.
    "I dread seeing public holidays turn into long weekends," said Pathmalal, adding that this often led to a fall in revenue for his company.
    Pathmalal told CNBC that he believed Sri Lanka needed to cut down on its generous public holiday calendar, because the holidays, which were originally meant for religious purposes, were no long observed as such by most people.(CNBC)

    http://lankainformation.lk/news/latest-news/item/7489-sl-s-public-holidays-and-the-economy

      Current date/time is Sun Jul 14, 2024 7:00 pm