The global economy is entering the Fourth Industrial Revolution (4IR), or Industry 4.0, based on the application of new digital and automated technologies in production processes and service delivery. These changes are bringing emerging markets improved productivity, as well as risks – namely, reshoring and the displacement of human labour by...
High levels of public expenditure and rapid industrial expansion supported a long period of robust macroeconomic growth, averaging more than 6% between 2008 and 2014, as the country embarked on a period of post-war reconstruction. With this boom moderating in recent years, a series of ambitious reforms and corrective monetary and fiscal...
The country benefits from its strategic geographic position along a critical Indian Ocean trade route, strong base of industrial and cash crop exports, and rapidly expanding non-agricultural economy. High levels of public expenditure and rapid industrial expansion supported recent robust macroeconomic growth, averaging more than 6% between 2008 and...
MÖVENPICK HOTEL 24 Dharmapala Mawatha Colombo 3 T: +94 117 450 450 F: +94 117 723 723 www.movenpick.com/en/asia/sri-lanka/colombo/ movenpick-hotel-colombo/overview/ hotel.colombo@movenpick.com Rooms: 219 rooms and suites, including one presidential suite, two executive suites and 16 junior suites. Business & Conference Facilities: In...
VISA: A traveller intending to visit Sri Lanka for a short stay must obtain an electronic travel authorisation, which can be completed online in advance or applied for upon entry at Bandaranaike International Airport (BIA). This grants 30 days in country, and is extendable. Fees at BIA are to be...
Following on from 2016 – which saw a number of important legislative reforms – 2017 was another particularly significant year in which several changes were legislated or initiated by Parliament. The two major developments in the legal landscape enacted by Parliament were the passage of the Inland Revenue Act and the Foreign Exchange Act.
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