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Analysis

Sri Lanka's transport sector sees a new trans-shipment facility, road network improvements and Customs reforms

Posted OBG AdminPosted in Uncategorized

A large part of the Sri Lankan logistics sector is given over to the trans-shipment business. As a leading centre for goods ultimately bound for India and other South Asian markets, along with East Africa, Asia and the Gulf, the country’s ports and airports provide important stops for repackaging, warehousing, redistributing and palletising a huge range of goods. The country is also rapidly…
Analysis

Highways in Sri Lanka set for major expansion as rest of network undergoes rehabilitation

Posted OBG AdminPosted in Uncategorized

Sri Lanka has the highest road density of any country in South Asia, with some 173.9 km of roads per 100 sq km of land as of 2015, according to the World Bank. This compares with 139.4 km in India and 32.86 km in Pakistan. In 2012 roads also carried around 93% of all passenger traffic and 97% of all domestic freight traffic – figures which are unlikely to have altered much since. Backbone Thus,…
Analysis

Retailers in Sri Lanka see rising demand for fast-moving consumer goods

Posted OBG AdminPosted in Uncategorized

Emerging Asian markets have had a significant impact on the growth of the fast-moving consumer goods (FMCG) segment. The region’s FMCG consumers pack a powerful punch: around a third of Nestlé and Procter & Gamble’s global sales growth between 2008 and 2014 came from emerging Asia, according to Euromonitor data. Indeed, for both large foreign and smaller domestic FMCG firms, participation…
Analysis

New initiatives in Sri Lanka to increase renewables' share in energy mix

Posted OBG AdminPosted in Uncategorized

Hydrocarbons are a relatively recent addition to Sri Lanka’s energy mix, which has long relied on hydroelectricity for much of its power generation needs. While coal and fuel oil have taken on an increasingly larger role in recent times, the government has also announced several ambitious goals in the field of renewable energy (RE). Mini-hydro, solar, biomass and wind are set to become among…
Analysis

Low costs and qualified workforce make Sri Lanka attractive destination for BPO services

Posted OBG AdminPosted in Uncategorized

Business process outsourcing (BPO), has become an increasingly important part of Sri Lanka’s economy. The country’s BPO industry recorded export revenue of $850m in 2015, according to figures from the Central Bank of Sri Lanka, making it the country’s fifth-largest export revenue earner that year. Industry leaders expect this number to rise to $5bn by 2022. Growing Segment On the basis…
Analysis

Sri Lanka develops its potential as refining and storage centre for petroleum products

Posted OBG AdminPosted in Uncategorized

With its oil and gas resources as yet commercially unviable, Sri Lanka currently imports hydrocarbons to meet the growing needs of its people and industries. However, given the island’s location, industry players are now eyeing the country’s potential as an international centre for refining, storage and bunkering of petroleum products. In the interim, the domestic market continues to present…
Analysis

Upgrades in Sri Lanka's water segment required to meet long-term development goals

Posted OBG AdminPosted in Uncategorized

Hydropower remains one of Sri Lanka’s top energy generators, and thus water has long been a key, multi-purpose component of the country’s broader utilities portfolio. This vital resource is set for tighter regulation as the country manoeuvres to meet the challenges of economic and population growth alongside climate change. Sri Lanka is also committed to meeting a 2020 Millennium Development…
Analysis

Sri Lanka's new trade deal to open up opportunities for tech firms in ICT sector

Posted OBG AdminPosted in Uncategorized

Ongoing talks to establish a free trade agreement (FTA) between Sri Lanka and Singapore in 2017 have taken an innovative line with regard to the services category, with trade in digital services singled out for special consideration. Although negotiations are at an early stage, any agreement that does specifically include accommodations for digital services is likely to open up new opportunities…
Analysis

Sri Lankan government seeks to drive modernisation in agricultural sector

Posted OBG AdminPosted in Uncategorized

Policymakers in Sri Lanka are looking towards the development of a modern, sustainable agriculture sector to enhance economic growth, increase rural income and boost employment. Small farming plots, low productivity and falling international commodity prices have resulted in many farmers being unable to invest in technology or seek out improved techniques. The majority of Sri Lanka’s food…
Analysis

New supply of high-end hotels on the way for Sri Lanka's tourism sector

Posted OBG AdminPosted in Uncategorized

Further investment in accommodation will be necessary to ensure growing demand from both foreign arrivals and domestic travellers in Sri Lanka is met. In 2015 the country’s hotels saw a 12% year-on-year increase in foreign guest nights to 8.945m, while Sri Lankans spent 1.588m guest nights in tourist hotels. The country also has a wide range of supplementary establishments, more informal…