Sri Lanka, March 3 -- Construction sector recorded an index value of 75.0, its second highest reading since highest of 75.7 recorded in July 2020
As the construction sector gains momentum, the firms are again met with another, yet a predictable issue, in finding the needed skilled employees for the occupational categories.
Sri Lanka's industries are mostly hamstrung by the lack of skilled labour and construction is at the forefront.
The cost-of-living crisis in 2022 and its aftermath forced many skilled people to leave the country, seeking employment, while the cost of labour rose sharply, sending the doing business costs dramatically higher, adding a fresh impediment for the small and medium sized businesses in the country.
Accordin...