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...
Sri Lanka 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...
Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing...
Low government revenue is a key challenge facing sustainable macroeconomic growth in Sri Lanka, adversely affecting its finances and limiting the government’s ability to fund infrastructure and social initiatives. Tax reforms launched under an IMF loan agreement, coupled with the Inland Revenue Act (IRA) to improve tax collection, should offer...
Rising public debt and spending rationalisation has brought public-private partnership (PPP) deployment to the forefront of economic and trade policy reforms, with the Vision 2025 development strategy emphasising increased utilisation and diversification of PPPs. Shared development frameworks are thus expected to expand beyond the mainstay...
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