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Economic Update | Sri Lanka’s national carrier eyes turnaround

29 Feb 2016
Sri Lanka aviation
The national carrier of Sri Lanka is poised for a major shift in strategy, ranging from privatisation to network restructuring, in a bid to achieve sustained profitability.

Economic Update | Sri Lanka Year in Review 2015

16 Dec 2015
Sri Lanka YER
In the wake of general elections earlier this year, Sri Lanka has emerged with a renewed emphasis on economic reforms and fiscal consolidation, which has allayed concerns for many local and foreign...

Economic Update | Sri Lanka’s clothing industry looks to regain competitiveness

27 Nov 2015
Sri Lanka garment
With an eye on the target of reaching $8.5bn worth of clothing exports per annum by 2020, Sri Lanka’s apparel manufacturers are backing a national bid to regain preferential trade concessions from...

Economic Update | Sri Lanka’s gem industry eyes recovery

31 Oct 2015
Sri Lanka gems
A $1bn revenue target is spearheading Sri Lanka’s efforts to solidify its place as a key source market for gemstones and jewellery, although flat global sales of luxury goods, coupled with labour...

Economic Update | Sri Lanka to see oversupply in the luxury property market

28 Sep 2015
Sri Lanka real estate
Supply is set to overtake demand at the high end of Sri Lanka’s residential property market, with a series of large-scale projects under way in and around Colombo.

Economic Update | Sri Lanka’s banks eye market-driven consolidation

26 Aug 2015
Sri Lanka banking
The coming year looks set to bring further consolidation to Sri Lanka’s financial sector, with market forces expected to drive the trend, in lieu of the government-led policy of the previous...