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Economic News

Launch of investor platform part of Sri Lanka’s push for more FDI
OBG
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Sri Lanka has moved to increase foreign direct investment (FDI) flows following the launch of a new programme aimed at streamlining Customs procedures to boost trade. In late May the Board of Investment signed a memorandum of understanding with six government agencies to develop the National Single Window (NSW), an online one-stop shop for investor applications and certification processes. The…
Event

Lanka Energy 2018

The inaugural event, held back in 2016, made an impact by being the first business-to-business exhibition that delivers key decision makers and buyers, vital to business development. Building on this success, Lanka Energy 2018 will be a platform that connects key figures from Government Ministries, city development councils, as well as developers, architects, installers, and building and electrical…
Event

Lanka Build 2018

Staged as a B2B platform, Lanka Build 2018 aims to provide an arena for the suppliers of building & construction equipment, materials and technology to meet with key decision makers of the sector that includes developers, architects, M&E consultants/engineers, designers, contractors, distributors and retailers. It is the ideal platform to showcase the latest products and equipment to the Sri…
Event

20th Lanka Pak International Expo 2018

In respect of quality, the Sri Lanka printing, packaging and plastic industry has risen up to the exacting demand of the industry , that its output matches up to any imported printing and packaging material. Due to increase in quality of exports of tea, garment or any other product are printed and packed in packaging and Plastics Material produced in the country has risen up 5% GDP of the country as…
Event

6th Sri Lanka Wood International Expo 2018

Day 1 to 3: Exhibition and Targeted business meetings with: Plywood manufacturers, furniture manufacturers, architects, interior designers, importers, traders, distributors. International buyers coming from all over Sri Lanka and neighboring countries like, Malaysia, Indonesia, Bangladesh, Myanmar, Maldives. Highlighting the opportunities in wood industry. Introduction of new technologies in…
Economic Roundups

US vs China: War for the Economic Future

As the rhetoric from the US White House swerves from combative to compromise and back again, uncertainty in the global trading environment is creating potential pitfalls for emerging markets the world over. In the Association of South-East Asian Nations (ASEAN), which counts China as its largest trading partner, member states watch with trepidation as President Donald Trump ramps up threats of levies…
Economic View

Michael Koest, Managing Director and CEO, Ceylon Tobacco Company

On the potential for change in agri-business How can the liberalisation of traditional industries impact Sri Lanka’s economy in the medium to long term? KOEST: Economic liberalisation is a must going forward. Trade openness has created more advantages than disadvantages for Sri Lanka over the past few decades. Many local agricultural exports have reached the far corners of the world and earned…
Economic News

Increased rice yield to support Sri Lanka’s agricultural rebound
OBG
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Following a series of climate-impacted yields, Sri Lanka’s agricultural sector is forecast to rebound in 2018, with stronger rice production and the reintroduction of tariffs expected to reduce the country’s import bill and strengthen national earnings. Rice production for the 2017/18 Maha season, which runs from September to March, is estimated to have reached 2.4m tonnes, according to Department…

Analysis

China's Belt and Road Initative reshapes Sri Lanka
OBG
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Hailed by Chinese President Xi Jinping as “the project of the century”, the Belt and Road Initiative (BRI) promises to radically transform a vast swathe of the world’s trade and transport infrastructure. In doing so, it may also significantly change the way Asia does business with the world, and the way the world does business with Asia. Historical Precedent While it is a relatively new…

Analysis

Reforms to improve trade and investment climate in Sri Lanka
OBG
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A host of bold reforms aimed at improving the investment environment are being undertaken after Sri Lanka slid one spot to land at 111th place in the World Bank’s “Doing Business 2018” report index, which measures the ease of conducting business across a variety of indicators. The government’s Vision 2025 mid-term economic agenda targets boosting Sri Lanka’s rank by 41 places on the…