Despite reasons beyond our control, and challenging domestic and global conditions, Sri Lanka has been able to sustain a steady GDP growth rate of 4.4% since our government was formed in 2015. Furthermore, it maintained the unemployment rate at 4.2% and reduced the budget deficit to 5.4% of GDP. But the more important thing is the change of...
Sri Lanka’s energy sector has undergone a significant transformation in recent decades, as growth in the economy and population have eroded the country’s capacity to meet its energy needs via hydropower, strained the national grid and pushed thermal generation to dominate the industry. Although it benefits from an abundant supply of renewable energy, electricity shortages and rising fuel...
After an uncertain period, the Colombo Stock Exchange (CSE) is back on an upward trajectory, supported by the improving economic climate. The market will see significant reforms in 2018 to strengthen regulation, increase the bourse’s independence and efficiency, and broaden the range of products available. While the CSE has had its ups and downs since the civil war ended, its overall...
Saudi Arabia’s debut at the Cannes Film Festival, coupled with moves to expand the number of cinemas and promote local filmmaking, is expected to support the Kingdom’s efforts to double the entertainment sector’s GDP contribution.
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