Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum
සිංහල පරිවර්තනය
Latest topics
» Game will start with SEMB
by man123 Today at 12:50 am

» ALUM COMMUNITY
by MasterD Yesterday at 8:44 pm

» Will HARRY JAYAWARDENA lose his entire business helm
by soileconomy Yesterday at 6:02 pm

» Sri Lanka Royal Ceramics increasing production of porcelain tiles
by DS Wijesinghe Yesterday at 3:49 pm

» VONE Net Assets per Share Rs. 38
by nirowat Yesterday at 3:27 pm

» POLICY RATE UNCHANGED??
by worthiness Yesterday at 9:50 am

» GEMS in AUGUST & SEPTEMBER
by TraderCSE Yesterday at 9:27 am

» Plz any1 tell me about WAPO and SEYB.X
by dumifer Yesterday at 8:48 am

» Sri Lanka’s Lanka Ceramics diversifies into quartz, palm oil
by Harry82 Yesterday at 6:35 am

» FOR YOUR ATTENTION
by ruwan326 Yesterday at 6:02 am

» CSEC and CFVF
by Teller Wed Jun 21, 2017 11:20 pm

» Good news - CB will keep rates unchanged
by Maharaja Wed Jun 21, 2017 11:01 pm

» LIOC Future in AUGUST
by Ran49 Wed Jun 21, 2017 10:28 pm

» GRAN touch 175 tommorrow
by Light of Hope Wed Jun 21, 2017 9:17 pm

» KZOO & CSE @ITS BESTවිලී ලජ්ජාවේ, සංතොසේ බැහැ
by ruwan326 Wed Jun 21, 2017 6:30 pm

» COMB BANK RIGHTS ISSUE
by Top Trader Wed Jun 21, 2017 3:30 pm

» SRI LANKA FINANCE SECTOR - HOLD - Mar 2017 - FC Research
by stockback Wed Jun 21, 2017 12:15 pm

» COCR will be star in next ASI Run
by stockback Wed Jun 21, 2017 11:39 am

» keep eye on MRH...
by samansilva Wed Jun 21, 2017 10:52 am

» CIFL--- BE CAREFUL
by Eugine Fernando Wed Jun 21, 2017 10:50 am

» KZOO-Be Careful
by Agape Wed Jun 21, 2017 10:23 am

» KZOO.N IS IT GOING TO BE ANOTHER WAPO
by ruwan326 Wed Jun 21, 2017 9:57 am

» KZOO - WHAT WOULD BE THE RIGHT TRADING PRICE ON THE 13TH JUNE
by ruwan326 Wed Jun 21, 2017 5:51 am

» any one can tell, whats going on in anilana hotels?
by sumanasiri Tue Jun 20, 2017 4:57 pm

» What will happned to REEF after RESTRUCTURED
by sumanasiri Tue Jun 20, 2017 12:04 pm

» WHAT HAPPENED TO Rs185/= KAZOO RIGHTS
by Miss-Sangeetha Tue Jun 20, 2017 11:02 am

» Will JKH touch Rs. 180
by worthiness Tue Jun 20, 2017 11:00 am

» JKH to sell their stake in Cinnamon Lake?
by Steve Jansen Tue Jun 20, 2017 9:39 am

» FLCH Browns Capital
by thankrishan Tue Jun 20, 2017 8:47 am

» AGST recorded huge loss
by Teller Tue Jun 20, 2017 2:53 am

» Will AINV.N go up or will go further Down
by Teller Tue Jun 20, 2017 12:58 am

» RENUKA CAPITAL PLC-Fomer KZOO
by ruwan326 Mon Jun 19, 2017 6:58 pm

» Why CITK and CITW Moving.
by Kashyapa Senarathne Mon Jun 19, 2017 1:57 pm

» FLCH WILL HIT 3.50
by thankrishan Mon Jun 19, 2017 10:07 am

» VONE.N0000 HOT SHOT .DON'T HESITATE
by ruwan326 Mon Jun 19, 2017 6:49 am

» LOFC Day Chart (MACD Position)
by stockback Sun Jun 18, 2017 5:42 pm

» TAP....TAP.......TAP............
by Richman Sun Jun 18, 2017 2:38 pm

» Sri Lanka: John Keells Holdings trying to advise SL Government to eliminate Global Booking Engines such as Agoda, Yohobed, Booking.com, TripAdvisor, FindMyFare, Expedia and AirBnB from Sri Lanka
by ruwan326 Sun Jun 18, 2017 9:17 am

» Teejay Jersey Lanka PLC - Depreciated Rupee had a very positive impact
by kumarweerarathne Sat Jun 17, 2017 7:36 pm

» Sri Lanka: Don't Panic - Year to date Foreign inflow to CSE Tops Rs. 20 billion but Some Local Big Investors are purposefully selling to bring down the market
by ruwan326 Sat Jun 17, 2017 11:35 am

» Any idea on cable industry - KCAB, ACL, SIRA
by wallstreetguy Fri Jun 16, 2017 6:43 pm

» What will happen to the CIFL.N
by Neluka Karannagoda Fri Jun 16, 2017 6:19 pm

» Sri Lanka: World's largest stock Manipulator Raj Rajaratnam's trainee Now John Keels Leisure Sector Executive Director Krishan Balendra tries to disrupt Tourism Startups in Sri Lanka by marketing about Tax Loss to government
by Mark Levin Fri Jun 16, 2017 1:45 pm

» LOLC is going to hit 150 Very Soon
by kovida Fri Jun 16, 2017 12:13 pm

» look @ the dock,it can go up
by sumanasiri Fri Jun 16, 2017 11:17 am

» සමාගමක කොටස් ගත්තහම අපිට මොනවද හම්බෙන්නේ
by sumanasiri Fri Jun 16, 2017 10:57 am

» CFVF,CSEC,CINV CAN MOVE UP TIME TO ENTER
by sumanasiri Fri Jun 16, 2017 10:49 am

» GREG Possible to move at least Rs 14 every soon.
by Light of Hope Fri Jun 16, 2017 8:48 am

» MBSL MOVING UP....!
by wisdom79 Thu Jun 15, 2017 7:30 pm

» ABANS FINANCE PRODUCES NINE MULTI MILLIONAIRES
by fortuneteller Thu Jun 15, 2017 5:50 pm

» KZOO right paper
by ruwan326 Thu Jun 15, 2017 5:27 pm

» Abans group and the budget
by fortuneteller Thu Jun 15, 2017 4:36 pm

» Abans Group
by fortuneteller Thu Jun 15, 2017 4:34 pm

» BPPL Moving on
by kovida Thu Jun 15, 2017 2:13 pm

» How to access the my post topics/ Past posts in this forum
by CSE VIJAY Thu Jun 15, 2017 2:02 pm

» VONE will Hit Soon with Anual Report
by Elahara Thu Jun 15, 2017 11:35 am

» LOFC Chart 28.04.2017 (weekly chart)
by TraderCSE Thu Jun 15, 2017 11:12 am

» BFN 18+ guaranteed
by DS Wijesinghe Thu Jun 15, 2017 10:22 am

» Next week is Millionaires week
by anjelo Thu Jun 15, 2017 9:17 am

» SLND ANY IDEA
by tharanga1979 Thu Jun 15, 2017 8:41 am

» Very bullish market
by Hanoifortune Thu Jun 15, 2017 8:20 am

» PHAR ANY NEWS?
by Teller Thu Jun 15, 2017 12:26 am

» ASCO trending with LAND & Property
by Richman Wed Jun 14, 2017 9:59 pm

» VPEL ready to Run
by Teller Wed Jun 14, 2017 8:10 pm

» SFIN _DIVDEND
by Teller Wed Jun 14, 2017 8:09 pm

» AINV.N will move up soon
by Teller Wed Jun 14, 2017 8:06 pm

» Lotteries boards under foreign ministry
by Teller Wed Jun 14, 2017 8:03 pm

» CFVF.N Started Running
by Light of Hope Wed Jun 14, 2017 7:45 pm

» Any idea on odel?
by fortuneteller Wed Jun 14, 2017 4:52 pm

» HARI- HARISCHANDRA MILLS - CAPITALIZATION OF RESERVES
by Saman12 Wed Jun 14, 2017 11:12 am

» SEMB-Can give good Short Term Returns
by Agape Wed Jun 14, 2017 10:22 am

» BFL Result
by Deen79 Tue Jun 13, 2017 3:43 pm

» Save Money | The Game Plan
by tkc Tue Jun 13, 2017 11:37 am

» GRAN COMMUNITY
by sharemarket Tue Jun 13, 2017 10:26 am

» Foreign buying & selling
by yasbawi Tue Jun 13, 2017 8:32 am

» He says it's coming
by ruwan326 Tue Jun 13, 2017 7:21 am

» SFIN UPDATE
by thankrishan Mon Jun 12, 2017 4:38 pm

» When will be the right issue of AINV.N
by Neluka Karannagoda Mon Jun 12, 2017 12:28 pm

» Browns to sell 5 hotels
by reyaz Mon Jun 12, 2017 8:38 am

» Climate Change & SL Corporate sector. Are we ready?
by reyaz Mon Jun 12, 2017 8:32 am

» Tamil Translation - ஸ்டாக் மார்க்கெட் பேச்சு
by Quibit Mon Jun 12, 2017 8:07 am

» Sri Lanka Equity - සිංහල පරිවර්තනය
by Quibit Mon Jun 12, 2017 7:48 am

» TJL COMMUNITY
by samcader Sun Jun 11, 2017 8:46 pm

» CSE to include non-voting shares in IMC calculation
by Eugine Fernando Sun Jun 11, 2017 8:29 pm

» TKYO.N0000 What behind it ?
by saliya1000 Sun Jun 11, 2017 8:59 am

» TYRE COMMUNITY
by saliya1000 Sun Jun 11, 2017 8:21 am

» KZOO POSSIBLE FOR SUB-DIVISION OF SHARES BY 100
by ruwan326 Sat Jun 10, 2017 7:54 am

» Why is there more demand for PCH.N than PCP.N ?
by Neluka Karannagoda Fri Jun 09, 2017 12:31 pm

» CCS - RIGHTS ISSUE & SUBDIVISION OF SHARES
by ruwan326 Fri Jun 09, 2017 11:48 am

» PCHH Dilemma
by ruwan326 Fri Jun 09, 2017 9:01 am

» DAILY STOCK WATCH June.07.2017
by ruwan326 Fri Jun 09, 2017 8:59 am

» PCHH - Adam Capital
by soileconomy Fri Jun 09, 2017 6:54 am

» Sri Lanka forex reserves reach US$6.8bn US dollars: CB Governor
by predictor Thu Jun 08, 2017 11:55 pm

» VPEL history and now value ( Good rain and good dividend)
by Mega man Thu Jun 08, 2017 11:02 pm

» Bullish forum means there will be bullish market?
by ruwan326 Thu Jun 08, 2017 3:50 pm

» RENUKA CAPITAL PLC(Kazoo)
by ruwan326 Thu Jun 08, 2017 3:41 pm

» ලක්ෂයක් තැන්පත් කළා
by kovida Thu Jun 08, 2017 3:27 pm

» KZOO TRADING PRICE OF RIGHTS
by EquityChamp Thu Jun 08, 2017 2:19 pm

» KZOO ANY IDEA OF THE PRICE BEFORE RIGHTS?
by Eugine Fernando Thu Jun 08, 2017 1:37 pm

Statistics
We have 20021 registered users
The newest registered user is CooperOr

Our users have posted a total of 325126 messages in 49943 subjects
Poll

SLEF Market Sentiment Indicator

73% 73% [ 1135 ]
27% 27% [ 422 ]

Total Votes : 1557

Sri Lanka and its cheap labor pool - Japanese Report

View previous topic View next topic Go down

Sri Lanka and its cheap labor pool - Japanese Report

Post by MalcolmTurnbull on Sat Mar 25, 2017 10:09 pm

Factory worker pay slow to go up despite economy's steady growth

BY TOSHIHIRO MIZUTANI

When it comes to labor costs, Sri Lanka is a bargain, considering the size of its economy, according to statistics from the Japanese trade promotion organization known as JETRO.

Since the island's civil war ended in 2009, Sri Lanka's economy has been expanding. Its per-capita gross domestic product for 2015, as reported by the Central Bank of Sri Lanka, was $3,924 -- higher than the $3,377 in Indonesia, as released by Statistics Indonesia.

In contrast, a JETRO survey indicates that average salaries in Sri Lanka's manufacturing sector have not grown much. According to the 2016 survey among Japanese companies operating in Asia and Oceania, the average monthly base salary of a factory worker was $165. For a factory engineer, it was $396, and for a manager it was $720. These are all far below the equivalents in Indonesia -- $298, $449 and $993.

Even in Cambodia, whose per-capita GDP is roughly a third of that in Sri Lanka, manufacturing wages are comparable -- $175 a month for a factory worker, $391 for an engineer and $885 for a manager.

As factory wages are surging in the 10-member Association of Southeast Asian Nations, Sri Lanka's wage competitiveness could end up attracting Japanese companies.


"Could" is the keyword here. Sri Lanka's hospitality, restaurant and information technology sectors are sponging up the country's labor pool, leaving factories on the lookout for workers.

Foreign direct investment in Sri Lanka in 2015 fell 36.6% to $970 million. But for hotels and restaurants, FDI was up 2.7 times from the year before to $182 million, accounting for 18.8% of all direct investment. The number of foreign tourists to the country has expanded 2.7 times over a five-year period -- from 654,500 in 2010 to 1.79 million in 2015.

Manufacturing to services

According to JETRO's inquiries to factories in Sri Lanka, the demand for manpower in the country is shifting from manufacturing and other secondary industries to tertiary service industries. This is mainly the result of the government promoting the information technology sector as a base for the economy, as well as to increasing hotel and restaurant demand for workers.

To secure enough manpower, a Japanese company in the county began sending Sri Lankans to Singapore for six-month training sessions and giving them pay raises. During the training period, Sri Lankan workers are paid a special allowance in addition to their base salaries -- a big incentive, the company said.

Securing enough local workers is crucial, but foreign companies should bear one thing in mind when seeking to expand in the country: Sri Lanka's labor laws seem to be based on the standpoint of protecting workers.

It is even difficult to dismiss an employee who fails to properly fulfill his or her duties. There are also legal procedures that sop up significant amounts of time and expenses. To avoid hassles, it would be helpful to draft clear employment contracts or establish rules of employment, perhaps with help from legal professionals.

Toshihiro Mizutani is Deputy Director of the Asia and Oceania Division, Overseas Research Department, at the Japan External Trade Organization.

Courtesy - http://asia.nikkei.com/Politics-Economy/Economy/Sri-Lanka-and-its-cheap-labor-pool?page=1

MalcolmTurnbull
Equity Analytic
Equity Analytic

Posts : 31
Equity Stars : 349
Reputation : 0
Join date : 2016-09-17

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum
Who is online?
In total there are 84 users online :: 5 Registered, 0 Hidden and 79 Guests

easthetic, Rowan, sisira.wijeweera, sunny, TARGET

Most users ever online was 541 on Mon Sep 19, 2011 11:29 am
Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.