Sri Lanka was the first country in South Asia to roll out a nationwide 4G network, its mobile market is highly competitive and it is home to a number of major tech companies. Connectivity is improving quickly, the environment for innovation is undergoing a positive transformation and the government is starting to make significant investments...
While efforts are under way to transform the environment, the start-up ecosystem in Sri Lanka remains underdeveloped. At both a government level and in the private sector, resources are being committed to encourage and support entrepreneurship. These initiatives appear to be paying off, with a significant uptick in activity occurring in recent...
As Sri Lanka’s second-largest industry after textiles and garments, tourism represents an opportunity to generate revenue and create jobs. The country is fast becoming a popular destination for international travellers, as well as for expatriates returning home to visit friends and family, suggesting that Sri Lanka is in the process of moving...
Renewed growth in Sri Lanka’s construction industry is being supported by a combination of mega-projects with international partners, strong domestic demand and public investments in infrastructure. Following a slowdown in 2015, the sector is once again enjoying double-digit growth, possessing a strong order book with international investors...
Despite recent setbacks, including the four-month closure of Bandaranaike International Airport (BIA) in 2017 and unusual flooding in the south, Sri Lanka’s tourism sector continues to post sizeable gains. According to the Sri Lanka Tourism Development Authority (SLTDA), total tourist arrivals grew by 3.2% to hit 2.1m in 2017, with 384,628...
In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural...
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