BY T.V. PERERA

The real estate sector is one of the most internationally renowned sectors. In India, the real estate sector is rated the second major sector following agriculture. Until around mid last year the real estate sector in Sri Lanka had been a prospective business investment with good returns.  Uncertainity, however, which set in the property market resulted in the residential sector taking a declining trend with many construction projects being on hold, property developers facing difficulties in re-paying their loans, and some even ending bankrupt. 

While property developers are weighed down, being unable to earn expected profits, those who buy apartments to sell them at gains are saddled with cost excursion. In Sri Lanka, land prices keep rising year after year. The Colombo District Land Price Index compiled by the Central Bank reached 132.2 during the first half of 2019 recording an increase of 13.6% compared to the first half of 2018. The sub-indices of land price, namely Residential, Commercial and Industrial have contributed to this increase. The averge price of a residential lot was up 15.3% in 2018 and in Colombo, by 15.5%. 

There is evidently a bubble in the market when buying a property with intention to sell it at a higher price although not on a very high scale in Sri Lanka, due to land prices constantly rising.  At some point of time this bubble will surely burst where none of the apartments could be sold. 

The subdued economic performance which resulted in the drop in the real estate sector is attributed to weak domestic demand, continued tightening in monetary conditions, government consumption spending, stagnant fixed investment, and lower net exports. 

The tightening monetary policy enforced on the recommendation of the IMF was one cause that led to drag down domestic demand and investments, and further,  inconsistent economic policies driven by instability adversely affected public and private sector investments, the key drivers of economic growth.

The real estate sector, which is described as property consisting land and the buildings on it as well as the natural resources including crops, water, and mineral deposits, is linked with the overall performance of the economy. Hence fluctuations within the sector magnify ups and downs of the overall economy.  As a result of this link, large movements in the real estate market tend to amplify fluctuations in the overall economy in addition to potentially destabilising the financial system. An example of this is the financial crisis where the real estate market had vast and disasterous effects on the overall economy on a global scale. 

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Why Hydroponics? 0 129

By: Cameron Blake

Sources:  Oklohoma State University/ Life Easy blog/ The Lanka Salad Company

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Hydroponics is a system of soilless cultivation using water-based nutrients.

Hydroponics, by definition, is a method of growing plants in a water-based, nutrient-rich solution. Hydroponics does not use soil, instead, the root system is supported using an inert medium such as perlite, rock -wool, clay pellets, peat moss or vermiculite.

The hydroponic system offers farmers the ability to grow crops in areas where traditionally it would simply not be possible (like mountain lettuce at sea level in Sri Lanka). Growing hydroponically (as with vertical farming, aquaponics, aeroponics etc) also saves a lot of land space.

Many growers believe that growing in a soilless medium requires about the same effort as growing in soil. Not as fast as full Hydro-Growing in a soilless medium will get faster growth rates in soil, but cannabis plants will not grow as fast as a hydroponic medium that is able to get more oxygen to the roots.

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Well managed hydroponic set-ups are also highly energy-efficient and their existence places less strain on the environment than many traditional ‘monoculture’ farming systems. Water is recycled throughout the hydroponic system, greatly reducing the overall volumes required. As a general benchmark, it is considered that the hydroponic system use as little as 10% of the water required for soil-based agriculture.

BiZnomics--Why-hydeoponics-3With the global population growing steadily, it is imperative that a new form of agriculture develops alongside traditional methods to meet increasing food needs with lower impacts.

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The Importance of Choosing the Right Pair of SUNGLASS 0 206

By: Vison Care
Purchasing a pair of sun glasses or shades is not matter to be taken lightly and is not similar to buying clothes and shoes as the right choice matters for our eyes! Most often, folks opt to buy low quality shades, which cause excessive damage to the eyes; hence prevention is definitely better than cure.

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Let us first look at the benefits of using a pair of sunglasses;

01] Its fashionable
02] Reduces the sun’s glare
03] Protects the eyes from ultra violet radiations from the sun
04] Protects eyes from external hazards

According to the above, any pair of shades/ sunglasses sold in the market can be used for fashion, can reduce inconvenience caused by the sun’s glare and protect those peeps from external hazards, but to protect the eye from UV rays, it is compulsory to use a sun glass with UV blocking lenses.

In addition, the sun glass- lense- production method contributes to its quality. One way of producing lenses is by excessively heating and fitting the colorful flat glasses with a curved effect. Due to minor changes in the curvature of such lenses, the images visible to the eye can be somewhat blurred. Also, these lenses are not capable of blocking UV light.

The second method of producing sun glass lenses is the direct production of sun glass lenses. These lenses do not have above mentioned defects.
With these lenses, the UV blocking lens is also best suited for use as sunglasses.

Some folks choose to ignore these minor concerns regarding quality and choose shades at random but this may have a debilitating effect to the eyes. Once the naked eye is exposed to the sun the pupil contracts and a small amount of the sun’s rays goes in to the eye. In view of this, the UV rays also decreases.

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