A move to increase capacity at Sri Lanka’s ports is enabling the island nation to capitalise on its strategic location by serving growing traffic on the international east-west shipping lanes.
Sri Lanka
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Economic update | Sri Lanka eyes port potential
31 Jul 2015
Rising demand at home and weaker growth in the export market have prompted the Sri Lankan government to increase its focus on the agriculture sector, with improved food security a longer-term goal.
A steep rise in visitor numbers to Sri Lanka is driving growth in the country’s tourism industry, though a slowdown in the Chinese economy and problems in Russia could take the edge off the surge of arrivals later in the year.
Economic update | Sri Lanka looks to turn the page
21 Apr 2015
An interim budget unveiled by Sri Lanka’s new government aims to bring down debt levels while maintaining growth, with newly elected President Maithripala Sirisena pledging in his inaugural speech in January to defeat corruption as well as lead a social transformation of the island nation.