Once reserved for ambitious start-ups and industry-leading tech operators, financial technology (fintech) has more recently caught the attention of major private sector firms and government planners alike, becoming a regular feature in budget speeches and strategic development plans. As fintech progressively plays a larger part in the lives of...
How will the Inland Revenue Act affect the tax structure and foreign direct investment (FDI)?
Following several years of high credit growth, lending in Sri Lanka slowed in 2017 on the back of stricter monetary policies and higher interest rates. While credit growth is not forecast to reach the peak levels seen between 2015 and 2016, it is expected to rise moderately from 2018 to 2020 thanks to renewed GDP growth and better credit...
Improving economic growth, an increasingly sophisticated domestic market and regulatory reform are the main factors shaping the Sri Lankan banking sector. Stability has become a watchword following a period of rapid credit growth, as a flourishing private sector boosted the development of a previously underbanked market. Although the sector...
The government’s push to increase export receipts will benefit from the restoration of its Generalised System of Preferences Plus (GSP+) trade concessions status with the EU, which had been suspended for nearly seven years prior to mid-2017. Although data shows that EU imports from Sri Lanka did not significantly decline in the years following...
Which sectors offer the most promising opportunities for foreign direct investment (FDI)?
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