Article Abstract:
Sri Lanka's economy continues to gain strength despite separatist war, drought, and labor unrest. The country's privatization process was resumed in 1996, resulting in high premium sales of two major plantations. The reaffirmation of privatization is drawing foreign investment, and two port and oil refinery projects are underway. Trade agreements with Japan and Korea are also being explored.
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Article Abstract:
Sri Lanka's Colombo Stock Exchange (CSE) is progressing despite poor performance in 1996. A screen-based trading system, sponsored by USAID, provides remote access trading that brings CSE to more of the country's population. CSE also set up the first computerized central depository in the South Asian region. Establishing a credit rating agency remains a priority.
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Article Abstract:
Sri Lanka offers foreign investors four primary incentives. Its location at major East-West trade routes makes it a strategic commerce site. Its workforce is well-educated and trainable. Quality of life is high, offering housing, hotels, restaurants and shops. Its incentive package offers investors open access to many market sectors.
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