An apex industry and the largest foreign exchange earner, Sri Lanka’s apparel manufacturing sector stands as one of the country’s greatest strengths. A focus on quality and value addition over volume and cheap production has seen the industry record years of growth in exports and revenues, particularly in the lingerie, swimwear and sportswear...
Sri Lankan rubber has grown from humble roots as a small colonial export to the second most important plantation crop and one of the most successful value-added industries. One of the top rubber producing nations globally, Sri Lanka is also the world leader in solid tyre exports, while other niche products hold a sizable portion of the global...
Buoyed by its powerhouse apparel, tea, coconut, rubber and gemstone segments, Sri Lanka’s industrial sector has recorded significant expansion in export volumes and earnings in recent years. Although rubber and tea have been impacted by falling global commodities prices and volatility in key export markets, rising demand for value-added...
Despite a significantly smaller consumer base than in neighbouring India, the retail sector in Sri Lanka has recorded formidable growth in recent years. This is the result of strong macroeconomic fundamentals, rising incomes, high levels of household expenditure and shifting consumer trends. Retail space in shopping malls is in critically...
As Sri Lanka’s economy has expanded over the past half decade, it’s insurance industry has grown apace, in the process becoming a vibrant and competitive market in its own right. Some 29 insurance companies were operating in Sri Lanka as of the beginning of 2016, at which point the sector’s total assets were valued at LKR394.2bn ($2.8bn),...
The Sri Lankan capital markets are recovering after a period of great change and a measure of controversy. Stocks boomed when the civil war ended, only to fall back as regulation and regulators were unable to keep up with the surge in activity, and manipulation and unfair dealing were alleged. With a new government in power, the apparent...
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