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Weekly Wrap - 14th Feb

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Economic opportunities in Asia look hopeful, yet there’s a mismatch in Sri Lanka’s labour market. Read more about how we’re faring, the correlation with our history, and more relevant affairs in our Weekly Wrap.

Have you ever thought about the mismatch in Sri Lanka’s labour market? About 15.4% of Lanka’s employed population are estimated to be three-wheel drivers; many of them among the country’s youth. Just as many are educated, and have passed their O/Ls and A/Ls. This doesn’t really help the country advance economically. Here’s why.

 

Girls in STEM: how is Sri Lanka faring? Sri Lanka appears to do relatively well in terms of gender representation in the broad field of science, technology, engineering and mathematics (STEM) education. For instance, according to the University Grants Commission (UGC), females accounted for nearly half – or 49 percent – of undergraduate enrolments in STEM subjects in local universities in 2017, in comparison to a global figure of 35 percent. That said, there are significant gender differences in enrolments that exist within STEM fieldsTake a look at the hows and whys of it, here.

 

China reported a dramatic jump in the number of coronavirus cases and deaths on Thursday due to a revised method of diagnosis. Hubei province reported 14,840 new cases of infected people as it included patients diagnosed through CT imaging scans to its count for the first time. Some 60,000 patients are now believed to be infected globally, and 1,367 people have died in China, in addition to fatalities in Japan, Hong Kong and the Philippines. The Mobile World Congress in Barcelona — the world's largest telecoms event — has been canceled over fears about contagion.

 

Victor Ivan states that there is a strong correlation between the complex crises Sri Lanka currently faces, and the country’s ancient history. He adds that way Sri Lankans think today, is to a great extent, influenced by various interpretations made on the history of the country rather than the objective interpretations of historical facts themselves. In an attempt to understand the puzzles of history, Ivan discusses the emergence of ethnic groups, religions, invasions, and more.

 

Workers across Asia’s developing economies are more upbeat about finding economic opportunity than those in mature countries. Those in India, Indonesia and China are most confident in the world about their prospects, and Filipino workers placed fifth after the UAE. Meanwhile, Japan came in last out of the 22 countries and Singapore ranked 15th. What holds workers back? The 30,000 respondents globally cite a lack of financial resources, age and a difficult job market as key reasons. Check out LinkedIn’s opportunity index here, and their global report, for more insights.

 

What more would you like to read about? Let us know in the comments.

The Ceylon Chamber of Commerce

Aisha Nazim

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