Trade and investment activities in Sri Lanka benefit from the country’s location along busy Indian Ocean trade routes, access to the larger markets of India and Pakistan, abundant agricultural and industrial exports, and a young skilled workforce. Value-added textiles have joined tea, rubber and spices to become a major export earner in recent years, while foreign direct investment (FDI) inflows…
Sri Lanka’s economy looks promising for the coming years, as major changes in the business environment are taking place in the short to medium term, such as free trade agreements with Singapore and China, the regaining of the EU Generalised System of Preferences Plus, development of human capital and further liberalisation of the economy. These, together with the involvement of the government, are…
Sri Lanka benefits from its strategic geographic position along a critical Indian Ocean trade route, strong base of industrial and cash crop exports, and rapidly expanding non-agricultural economy. High levels of public expenditure and rapid industrial expansion supported recent robust macroeconomic growth, averaging more than 6% between 2008 and 2014, as the country embarked on a period of post-w
The country benefits from its strategic geographic position along a critical Indian Ocean trade route, strong base of industrial and cash crop exports, and rapidly expanding non-agricultural economy. High levels of public expenditure and rapid industrial expansion supported recent robust macroeconomic growth, averaging more than 6% between 2008 and 2014, as the country embarked on a period of post-war…
On how the real estate market is adapting to market changes In what ways do you see the capital gains tax impacting the local real estate market? Moraes: Seeing as 10% is a modest tax, the impact would be minimal. A number of other markets have much higher levels of taxation and still experience vibrant real estate growth. The tax has been implemented in a clear and open way, the figure has…
Efforts to increase domestic and foreign investment in Sri Lanka’s pharmaceuticals industry are set to boost output and broaden the sector’s product range, bringing the country closer to the government’s goal of self-sufficiency in medical production. In early January the State Pharmaceuticals Manufacturing Corporation (SPMC) announced it was joining forces with Malaysian investment firm Pharma…
As Sri Lanka sharpens its focus on achieving $20bn in export earnings by 2020, executives interviewed for OBG’s most recent Business Barometer: Sri Lanka CEO Survey have resoundingly voted for textiles and apparel as the export segment likely to experience the highest rate of growth in overseas shipments in 2018. Some 77% of CEOs who took part in our face-to-face survey predicted that the garments…
Following a difficult climatic year that saw severe floods and drought weigh on growth, C-suite executives surveyed in OBG’s Business Barometer: Sri Lanka CEO Survey appear to be generally optimistic that clearer skies are ahead. Three-quarters of CEOs had positive or very positive expectations about local business conditions for 2018, with 56% forecasting GDP expansion to range 4-5%, which is broadly…
Lamudi Lanka (Pvt) Ltd., headquartered in Berlin, Germany, is an online real estate platform currently available in five countries. As pioneers of organizing real estate events in Sri Lanka such as exhibitions and conferences, Lamudi has organized a new real estate conference which is scheduled for March 9th, 2018 at the Taj Samudra, Crystal Ball Room from 2pm to 8pm. Participation from real…
An upturn in exports and investment helped counter weaker output from Sri Lanka’s agricultural sector in 2017, facilitating steady growth overall and raising prospects of further gains this year. In an October update the World Bank forecast Sri Lanka’s economy would expand by 4.6% in 2017, up two percentage points from the previous year, on the back of rising private consumption and investment.…
