Asia Economy

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Sri Lanka 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. Formerly known as Ceylon, the island was visited and admired by the likes of Marco Polo, who called it “the finest island of its size in the world” well before...

 

As the country moves forward with an ambitious development programme, while also navigating a series of internal political challenges, 2019 is set to be an important year for Sri Lanka. The economy has been making progress in recent years, which should place it in good standing during the potentially difficult time ahead. Major efforts have...

 

After years of internal conflict, Sri Lanka is enacting political and economic reforms to exert its renewed influence in the region and become an independent, global player. As political tensions continue following the constitutional crisis in 2018, it remains to be seen whether the authorities will be able to implement its programme of...

 

While 2018 is unlikely to earn the description of a time of significant global trade cooperation, the year did end on a note of cautious optimism for advocates of open trade, when, at the G20 summit in Buenos Aires, the US declared a 90-day truce in its 10-month-long trade war with China. It is hoped that this ceasefire will stand, leading to...

 

STATE AGENCIES Airport & Aviation Services +94 112 264 444 Board of Investment +94 112 434 403/5 Central Bank of Sri Lanka +94 112 477 000 Central Environment Authority + 94 112 872 278 Ceylon Electricity Board +94 112 324 471 Export Development Board +94 112 300 705 Gem & Jewellery Authority +94 112 390 645/8 Information &...

Articles & Analysis | Travel tips for Sri Lanka from The Report: Sri Lanka 2019

 

LANGUAGE: Sinhala, or Sinhalese, is the dominant language spoken across the island and among Sri Lanka’s Buddhist Sinhalese majority. It is one of the recognised official languages of the country alongside Tamil, the country’s minority ethnic group. English is commonly spoken within the business community, though this can be a challenge...

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