Sri Lanka was Named the Top Travel Destination in 2019 which will Have a Positive Impact in Certain Sectors Such as Energy and Agriculture
Sri Lanka’s promising progress with regard to free trade agreements, alongside finance reforms and ambitious growth strategies for manufacturing and ICT, look set to encourage increased foreign direct investment in 2019 – with 2018 having seen the highest levels on record. This should help offset the effects of political and economic volatility, as well as the increasing trade deficit that resulted from a number of import challenges including rising oil and gas prices.
Moreover, Sri Lanka’s Vision 2025 development strategy aims to increase public-private partnerships, nurture innovation and increase investment in special economic zones to boost the country’s export capacity. Sri Lanka was named the top travel destination for 2019 and boasts great potential in key sectors, such as industry, energy, and agriculture. While there will be challenges ahead, Sri Lanka is thus well on its way to achieving its development goals and, with the right level of investment and regulatory reform, reaching its potential as an Indian Ocean hub.
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Table of Contents
Companies Mentioned
- Central Bank of Sri Lanka
- Ceylinco Life Insurance
- China Merchants Port Holdings Company
- First Capital
- FutureMap
- Global Rubber Industries
- IMF
- InfraCo Asia
- IronOne Technologies
- Jafferjee Brothers
- Jetwing Hotels
- John Keells Holdings
- John Wilson Partners
- Lakshman Kadirgamar Institute
- National Agency for Public-Private Partnership
- Public Utilities Commission of Sri Lanka
- Sri Lanka Chamber of Pharmaceutical Industry
- Unilever Sri Lanka
- WelcomHotels Lanka