Consistent income growth, urbanisation, the expansion of both domestic and foreign businesses, and the burgeoning appeal of property as an asset class among local investors have all contributed to the dynamism of Sri Lanka’s real estate sector. Developers have responded to this rising demand by investing in a substantial expansion of supply....
What is the potential for Port City Colombo to attract foreign direct investment to Sri Lanka?
Identified as a potential turning point for Sri Lanka, the landmark Port City Colombo (PCC) development on a swathe of reclaimed land will start to take shape in 2018. Patali Champika Ranawaka, the minister of megapolis and western development, announced in January 2018 that a consortium led by China Harbour Engineering Company (CHEC) would...
In what ways can further investment in research and development (R&D) enhance the value chain of Sri Lanka’s plantations?
Sri Lanka was suffering from the worst drought in 40 years in 2016 and early 2017 when the country was then hit by some of the heaviest floods in decades. Flooding of the Galle and Kalutara Rivers in May 2017 caused landslides, evacuations of hundreds of thousands of farmers and significant crop damage. As these events indicate, Sri Lanka and...
With a land area of more than 65,000 sq km, Sri Lanka’s agriculture sector is characterised by small-scale farming and a tropical climate that is highly variable. Agricultural output comprises rice, fruit, vegetables and livestock primarily for domestic consumption, and export-focused products such as tea, rubber and coconuts. Around 55% of...
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