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Sri Lanka’s export economy has been facing challenges in recent years from intense international competition and lack of investment, especially foreign direct investment. As a result, the government is stepping up its commitment to support exports, especially from industrial small and medium-sized enterprises.

 

The retail sector in Sri Lanka is set for rapid development. Shopping is becoming increasingly convenient as modern outlets become more numerous, new malls are being built and an increasing number of global brands are arriving in the country. Meanwhile, the growing tourism industry is bringing not only money but also the culture of shopping....

 

Sri Lanka has a long history of developing economic zones, including export processing zones (EPZs), industrial parks (IPs), industrial estates, and special economic zones (SEZs). These areas are considered vital for attracting investment and building industry. Sri Lanka currently has 10 EPZs and two IPs throughout the country. They offer a...

 

How can responsible energy usage among households and industrial entities be encouraged?

 

Increased incidence of extreme weather patterns and rising domestic demand have strained Sri Lanka’s national grid in recent years, forcing the government to increase costly fuel imports and implement rolling power cuts as a result of periodic shortages. In its most recent energy development strategy, released in 2017, the state-owned...

 

Sri Lanka’s electricity shortages have become increasingly severe in recent years, with declining hydro-power output, and chronic problems and breakdowns at the Lakvijaya coal station, a 900-MW plant located in Norochcholai. This, combined with rising Japanese and Indian interest in countering China’s geopolitical influence, has facilitated...

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