The election of President Maithripala Sirisena in January 2015 signified an historic shift in Sri Lanka’s trajectory. With the former administration having often been accused of nepotism and political appointments to key roles, the team of the prime minister, Ranil Wickremesinghe, has signalled a move towards liberalisation, transparency and...
Billed as a platform for ending corruption and nepotism at the highest levels of government, the presidential elections of January 2015 ended the controversial 10-year executive presidency of Mahinda Rajapaksa. The former president enjoyed enormous popularity in the aftermath of the country’s civil war and during the economic revival that...
Sri Lanka, the “Wonder of Asia”, formerly known as Ceylon, has long served as an important strategic destination in the Indian Ocean, catering to merchants and travellers from South-east Asia, India, the Middle East and East Africa. The island was visited and marvelled at by the likes of Marco Polo, who called it “the finest island of its size...
Having put revenues from hydrocarbons towards the diversification of its economy, the emirate is in a good position to weather the storms of tumbling oil prices. As part of its Economic Vision 2030, sectors such as tourism, manufacturing, logistics, health, education, financial services, aerospace and telecoms have been highlighted as the...
The tax system is one of the key pillars to have supported the UAE’s economic growth over recent decades. The federal government applies no corporate, personal, capital gains, value-added or withholding taxes, while emirate-level tax legislation introduced in the 1960s has never been implemented.
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