The Colombo Stock Exchange (CSE) is finalising plans to launch a dollar trading board, part of a broader strategy to develop Sri Lanka’s bourse into a regional capital markets centre and boost the inflow of foreign funds.
Sri Lanka
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Increased access for air travellers, stronger advertising campaigns and enhanced bilateral cooperation are underpinning Sri Lanka’s push to expand its foothold in one of the world’s largest potential tourism source markets – India.
Following several years of high lending, hiked interest rates and the pursuit of Basel III compliance, credit growth in Sri Lanka could slow this year and into 2018.
The recent decision by the EU to reinstate Sri Lanka to its tariff exemption scheme, designed to assist developing countries in achieving upper-middle-income status, should serve to boost exports and generate renewed private sector investment.
Enhancing Sri Lanka’s renewable capacity is a key aim of new proposals for the power sector, with the threat of climate change also engendering a shift in the country’s energy mix.
Rising numbers of tourists from abroad and a state-led campaign to expand medical tourism could attract further investment to Sri Lanka’s health care sector, creating additional opportunities for its hospitality industry in the process.