LANGUAGE: Sinhala, or Sinhalese, is the dominant language spoken across the island and among Sri Lanka’s Buddhist Sinhalese majority. It is one of the recognised official languages of the country alongside Tamil, the country’s minority ethnic group. English is commonly spoken within the business community, though this can be a challenge...
STATE AGENCIES Airport & Aviation Services +94 112 264 444 Board of Investment +94 112 434 403/5 Central Bank of Sri Lanka +94 112 477 000 Central Environment Authority + 94 112 872 278 Ceylon Electricity Board +94 112 324 471 Export Development Board +94 112 300 705 Gem & Jewellery Authority +94 112 390 645/8 Information &...
This chapter contains selected listings of some of the country’s top hotels, contact details for embassies, ministries and organisations, helpful tips for business and leisure travellers and other useful suggestions for travel to Sri Lanka.
A mixture of spending cuts, revenue-raising measures and financial support from regional neighbours will form the core of Bahrain’s newly unveiled programme designed to reduce its deficit and return to surplus by 2022.
Sri Lanka’s progress with free trade agreements, finance reforms, and growth strategies for manufacturing and ICT should encourage increased foreign direct investment. Sri Lanka was named the top travel destination for 2019, and the government’s 2025 development strategy aims to increase public-private partnerships, nurture innovation and increase investment in special economic zones.
Recent decades have seen a downward trend in corporate taxation, with headline corporate tax rates falling by 20 percentage points since the early 1980s. The average for advanced economies dipped to 22% in 2015, and investment incentives have further reduced effective rates for transnational corporations. After the 2007-08 global financial...
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