Sri Lanka, the “Wonder of Asia”, formerly known as Ceylon, has long served as an important strategic destination in the Indian Ocean, catering to merchants and travellers from South-east Asia, India, the Middle East and East Africa. While much of the country’s recent history has been tainted by a decades-long civil war, post-conflict euphoria has brought a sense of renewal and optimism to the...
Sri Lanka
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Chapter | Country Profile from The Report: Sri Lanka 2016
Sri Lanka’s investment environment is set to become more balanced, transparent and predictable, with the elections of 2015 largely heralded as a win for inclusive governance, providing a fresh five-year mandate for an administration committed to economic revolution. As the country looks to broaden its investor base, it is hoped that policy changes and plans brought in by the new government will attract the added investment needed to help the country reach its growth goals.
Consistently ranked as a top global destination for business process outsourcing (BPO) and IT, Sri Lanka’s tech services industry has grown substantially in recent years, with high expectations and ambitious targets going forward.
Economic update | Nearing island-wide electrification, Sri Lanka to focus on quality and reliability
28 Mar 2016
As the only South Asian nation with near-100% grid connectivity, Sri Lanka has shifted its focus in recent months toward boosting the reliability and quality of electricity supply, as well as revising its tariff structure.
The national carrier of Sri Lanka is poised for a major shift in strategy, ranging from privatisation to network restructuring, in a bid to achieve sustained profitability.
Economic update | Sri Lanka Year in Review 2015
16 Dec 2015
In the wake of general elections earlier this year, Sri Lanka has emerged with a renewed emphasis on economic reforms and fiscal consolidation, which has allayed concerns for many local and foreign investors.