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Large transport projects in Sri Lanka stem from closer international relations and accelerating development
OBG
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Sri Lanka has a total of 12,290 km of national highways, 1561 km of rail tracks, two international airports and four seaports. As part of the efforts to boost the local economy and quality of life, the cultivation of an effective, reliable and cost-efficient transport system has been a priority for successive governments, albeit with varying degrees of success. Improvement plans in the pipeline…

Overview

Sri Lanka's agricultural output and export potential to rise with reforms and modernisation strategies
OBG
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Sri Lanka’s economy has traditionally been agriculture-based, but several centuries of international trade – and the introduction of tea, rubber and coffee cultivation by the UK – have altered the sector’s makeup significantly. After independence in 1948, the economy remained highly dependent on trade, with tea, rubber and coconut making up the bulk of exports, even while many Sri Lankans…

Overview

Digital and precision farming practices support global agriculture resiliency
OBG
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Against a backdrop of increasingly severe and financially straining climate events and natural disasters, technology is poised to play an important role in maintaining and improving global agricultural output. The adoption of digital and precision farming practices has been shown to improve crop resiliency, and boost productivity and incomes, particularly in emerging markets where small-scale…

Overview

Government infrastructure projects advance Sri Lanka's construction sector
OBG
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While the construction sector witnessed substantial growth in the 24 months leading up to 2018, domestic market forces including a falling rupee, warnings of an asset bubble and political instability have stymied growth of late. However, despite market disruptions, a number of key projects forged ahead in 2018, including Port City Colombo and the Hambantota Industrial Zone. While the landscape…

Overview

Key real estate developments could position Sri Lanka as a regional business hub
OBG
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Impressive economic growth since 2009 has bolstered Sri Lanka’s property market. More employment opportunities, rising salaries and rapid rural-urban migration have all played a part in the expansion of housing and commercial properties. In recent years, increased investor appetite and a maturing economy have transformed Colombo into a dynamic modern city that still retains a sense of its…

Overview

Security and engagement key to growth in the global MICE industry
OBG
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Countries and regions across the world have long understood the potential of the MICE segment as a vehicle to drive high-value tourism and economic development. In recent decades this has led to significant investment, with nations working to position themselves as centres for the industry, both regionally and globally, aided by greater air connectivity. At the same time, the industry has…

Overview

Sri Lanka tourism named a top travel destination for 2019
OBG
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The spotlight is very much on Sri Lanka’s tourism sector in 2019, after globally recognised company Lonely Planet named it as the number-one travel destination for the year. As the country embarks on a year of ambitious goals to attract more visitors, the sector is also at a critical juncture. Successful, sustainable growth will rely on a delicate rebranding of the destination’s reputation…

Overview

Sri Lanka moves to expand ICT infrastructure and improve the population's digital literacy
OBG
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Following years of steady growth, the ICT sector is embracing a period of fast-paced innovation. While the telecoms and business process outsourcing (BPO) industries in Sri Lanka are reaching maturity, efforts are being focused on developing more innovative and highend products. The sector’s organic growth is benefitting other industries, such as agriculture, manufacturing and tourism, and…

Overview

Demographic and disease trends drive demand for private health care in Sri Lanka
OBG
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Sri Lanka’s free, universal public health care system dates back to the 1930s. While the system is rooted in urban centres, public service provision has long since expanded into rural areas and is available island-wide, though concerns persist about the relative quality of these services beyond the major towns and cities. Structure & Oversight The Ministry of Health, Nutrition and Indigenous…

Overview

Rising costs and advancing medical technology shape the global health care sector
OBG
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Rising health care costs, ageing populations and changing lifestyles in emerging economies are stoking demand for medical technology (medtech) solutions. These entail not only smart devices that monitor and transmit biometric data, but any technologies that support care delivery. While these initiatives are happening globally, there are significant differences in the speed and scale of adoption…