Despite a slight slowdown in building activity in Sri Lanka in 2015 – due primarily to uncertainty around presidential and parliamentary elections in January and August, respectively – rising demand for residential real estate points to long-term growth in the construction sector in the coming years. In a report released in November 2015, Asia...
As of late 2015 Sri Lanka’s Western Province made up just 6% of the country’s total land area, but was home to 28% of the population, according to the Ministry of Megapolis and Western Development (MMWD), which was formed in mid-2015. Patali Champika Ranawaka, the minister of megapolis and western development, told local media in December 2015...
The very proposition of making Colombo a globally competitive city has come to be viewed from a broader perspective, including the entire western province centred around Colombo. This approach was born out of the need to consider not just economic prosperity, but also social justice and environmental sustainability. On the economic front, Sri...
Spanning 65,000 sq km and with a moderate climate, fertile soil and an abundant supply of groundwater, Sri Lanka has long benefitted from favourable agricultural conditions. The sector remains an economic mainstay and primary national employer. As manufacturing and industrial activities have expanded, agriculture’s position as the primary...
Although the agriculture sector has been central to Sri Lankan livelihoods and cultural identity for centuries, it has suffered in recent years from overlapping and sometimes contradictory government policies prone to changing with new political administrations.
As Sri Lanka’s largest export earner after textiles and its most significant agricultural commodity, tea remains a major economic growth contributor, despite struggling to maintain profits in a time of falling global commodities prices and rising international competition. Home to the internationally recognised and sought-after Ceylon tea, Sri...
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