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Economic News

Sri Lanka’s luxury property market set for increase in supply
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The high-end segment of Sri Lanka’s residential real estate sector looks to be heading towards a period of consolidation and flat returns on the back of a sharp increase in supply. Estimates suggest up to 5000 luxury homes will make their way onto the local market between now and 2020, with supply peaking next year when 2800 units are scheduled for completion. The influx of available properties…
Economic View

Lee Ark Boon, CEO, International Enterprise Singapore

On acceleratinginfrastructure development in the region What do you think is driving the growing infrastructure gaps throughout emerging and developing economies in Asia? LEE: The three main driving forces are demographics, economics and politics, which are interdependent. If you look at demographics, you can see a lot of similarities between parts of Asia and Africa, where there is also…
Event

Invest Sri Lanka Investor Forum

Policy and business leaders from Sri Lanka including the Governor of the Central Bank, the Chairman of the CSE, the Chairman of the SEC, Senior Executives of listed companies, stock brokers and mutual funds will be present at the event. The event this year is organised on the back of a considerable level of foreign activity in the stock market in 2017. Foreign inflows during the first half of…
Economic News

Sri Lanka to add dollar-denominated board to Colombo Stock Exchange
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The Colombo Stock Exchange (CSE) is finalising plans to launch a dollar trading board, part of a broader strategy to develop Sri Lanka’s bourse into a regional capital markets centre and boost the inflow of foreign funds. In mid-July Ray Abeywardena, chairman of the CSE, announced that the exchange had received regulatory approval to launch a dollar trading board for foreign investors by the end…
Economic News

Sri Lanka’s tourism industry looks to India for growth
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Increased access for air travellers, stronger advertising campaigns and enhanced bilateral cooperation are underpinning Sri Lanka’s push to expand its foothold in one of the world’s largest potential tourism source markets – India. Both private sector players and public officials in Sri Lanka see the country’s northern neighbour as a key source of growth in the coming years, central to increasing…
Interview

Lim Hng Kiang, Singapore Minister for Trade and Industry (Trade): Interview
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Interview: Lim Hng Kiang How can Singapore strengthen its investment in ASEAN now that the ASEAN Economic Community (AEC) has been established? LIM HNG KIANG: Singapore is committed to the AEC and has substantial investments in it. In 2015 Singapore maintained its position as the highest contributor to intra-ASEAN foreign direct investment (FDI) flows at 67.3% of the total. Singapore is also the…
Economic News

Cooler credit growth forecast for Sri Lanka’s banks
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Following several years of high lending, hiked interest rates and the pursuit of Basel III compliance, credit growth in Sri Lanka could slow this year and into 2018. Credit where due On the back of government efforts to stimulate growth in the economy, private sector credit expanded by 18% last year and by just over 20% in 2015. However, in a move aimed at reducing excessive credit expansion and…
Economic News

Sri Lanka exports to rise after regaining GSP+ status
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The recent decision by the EU to reinstate Sri Lanka to its tariff exemption scheme, designed to assist developing countries in achieving upper-middle-income status, should serve to boost exports and generate renewed private sector investment. On May 19 the EU formally restored Sri Lanka to the ranks of countries that benefit from the enhanced Generalised System of Preferences Plus (GSP+), which…

Overview

Sri Lanka Hotel Listings
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HILTON COLOMBO 2 Sir Chittampalam A Gardiner Mawatha Colombo 2 T: +94 112 544 644 F: +94 112 544 657 www.colombo.hilton.com colombo.reservations@hilton.com Rooms: 142 Hilton Guest rooms, 92 deluxe rooms, 61 executive rooms, 37 suites. Business & Conference Facilities: 24-hr secretarial services, fax, internet, printing, scanning, spiral binding, 11 meeting rooms, 1 grand ballroom (can…