Colombo, the biggest city in Sri Lanka by some margin, is the country’s economic engine. A range of large-scale projects are under way that are set to transform the city into a regional centre for business, trade and investment. These initiatives can be complied into the Western Region Megapolis plan, a blueprint for developing an area of 3600...
Sri Lanka’s robust economic growth in recent years has boosted job creation, but the country still faces the challenges of high youth unemployment on one hand and skills shortages on the other.
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...
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...
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...
Strong demand for Sri Lankan sovereign bonds is broadening the government’s funding options, while indicating rising investor confidence in the country’s economic outlook and reform programme.
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