After decades in which Sri Lanka underperformed in its substantial potential as a foreign direct investment (FDI) destination, there is a growing sense that change is afoot that will allow the country to make up for lost time. In January 2016 Malik Samarawickrama, the minister of development strategies and international trade, told the global...
With a population of 1.3bn and an economy growing 7%-plus each year, India is a good neighbour for Sri Lanka to have. Trade volumes between the countries have soared in recent years thanks to a beneficial free trade agreement (FTA). Talks have been ongoing about how to deepen this relationship while taking into account political and economic...
After centuries of foreign rule and years of internal conflict, Sri Lanka is now changing its focus to reforming the nation’s political and economic spheres to exert its renewed influence in the region and become an independent, global player. Now is the time to see if Sri Lanka has the will to implement challenging reforms and take its place...
This chapter contains details on leading hotels in Sri Lanka, information for business or leisure visitors, phone numbers for government offices and embassies, and helpful tips for new arrivals to the island.
This chapter examines Sri Lanka’s legal framework, focusing on reforms in several areas, changes in capital gains tax and employment law, updated legislation on zoning and land use issues and other key areas.
It also features a viewpoint from John Wilson, Managing Proprietor, John Wilson Partners.
This chapter examines Sri Lanka’s tax regime, focusing on business-friendly benefits for 2017, incentives for tourism operators, digitisation of VAT mechanism and other key areas.
It also features a viewpoint from Sujeewa Mudalige, Managing Partner, PwC.
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