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Overview

Sri Lankan government realigns economic policy, tackles weaknesses for economic expansion
OBG
plus

With robust growth figures, improving infrastructure, an increasingly service-dominated economy and a new reform-minded government, Sri Lanka is an economic champion that has too often been overlooked. The island nation has seen continuous growth since a recession in 2001, even during the last years of the civil war, which ended in 2008. The rising tide has lifted all boats, and pockets of…

Overview

Sri Lanka's banking sector expected to see continued growth and profitability
OBG
plus

With strong asset growth, reliable profitability and solid capital adequacy, the Sri Lankan banking sector stands in sound health these days as it looks forward to a period of continued economic stability. Like other sectors, the industry is moving in the direction of greater capital and technological requirements, and continues to undergo a period of consolidation – particularly among its…

Overview

Sri Lanka's capital markets become stronger, more sophisticated and transparent
OBG
plus

A post-war boom has been followed by a mixed few years for Sri Lanka’s capital markets, with a strong performance in 2014 followed by two slower years. The outlook is now brightening again as the Colombo Stock Exchange (CSE), the Securities and Exchange Commission (SEC), and the Sri Lankan government look to build the bourse’s role in the economy. Capital markets have traditionally been…

Overview

Major upgrades to ports and roads underway to bolster Sri Lanka as transport centre
OBG
plus

Situated close to some of the world’s most important sea lanes, connecting the Asian, African and European continents, Sri Lanka has some major strategic advantages when it comes to global transport links. At the same time, this island of nearly 21m people lies just off the coast of one of the world’s largest and fastest-developing economies – India – while enjoying excellent relations…

Overview

Efforts made to modernise Sri Lanka's industrial sector and open markets
OBG
plus

Sri Lanka’s commitment to being conducive to private-sector business development is reflected in its marked orientation towards trade and investor-friendly encouragement of foreign direct investment. Building on its strategic location at the gateway to India and between the Middle East, Africa and South-east Asia, the government of Sri Lanka is pushing an agenda of open and free-market economic…

Overview

Major new projects pique investor interest in Sri Lanka's construction sector
OBG
plus

Across the island, a wide-ranging infrastructure development campaign is unrolling to expand Sri Lanka’s production capacity, efficiency and productivity, with the added aim of reducing regional disparity. Building and infrastructure projects are expected to strengthen the country’s economy, with the ultimate aim of achieving high-income, sustainable economic growth for all Sri Lankans.…

Overview

Sri Lanka's rapidly growing retail sector attracts new entrants
OBG
plus

An up-and-coming middle class with disposable income and a preference for spending over saving, in addition to a strong economy with mounting tourism receipts and few restrictions on foreign investment, make Sri Lanka a favourable destination for retail investors of all stripes. Nevertheless, the sector does face some near-term barriers to growth. These include limited quality retail space…

Overview

Major investment required as Sri Lanka's energy sector focuses on renewables and liquefied natural gas
OBG
plus

With strong economic growth and an expanding population, Sri Lanka faces increasing demand for cost-efficient and clean energy. Similarly, the expansion and modernisation of the country’s cities, towns and villages is also placing higher demands on water and sewerage services, with investment in these vital utilities needed for successful future development. In a bid to meet these challenges,…

Overview

Plan in place to improve services and expand access in Sri Lanka's ICT sector
OBG
plus

After years of strong economic growth and population expansion, Sri Lanka’s telecoms and IT sectors face increasing demand for a wider range of services. At the same time, a more tech-savvy populace has increasing expectations of service standards and quality, as technological changes reach greater numbers of people. A Strong Foundation The body responsible for implementing Sri Lanka’s…

Overview

Sri Lankan government to address educational disparity and increase access to tertiary education
OBG
plus

Sri Lanka, like many developing markets, sees education as a crucial part of building up the country, and does so by providing free schooling and tertiary education to all citizens. Parents place enormous value on education as well. This joint commitment has helped create an education system that is widely regarded as the best in South Asia, with more children completing primary and secondary…