SRI LANKA Trends and Developments Contributed by: Ayanthi Abeyawickrama, Varners
Conclusion Sri Lanka’s trajectory is cautiously optimistic. While risks remain – particularly in debt sustain - ability and global trade – the country has made visible strides in stabilising its economy, enhanc - ing fiscal discipline, and undertaking long- overdue structural reforms. The completion of successive IMF reviews, rising tourism inflows, strong tax performance and renewed investor interest all point towards a slowly improving investment climate. Investors should continue to monitor legal and policy developments (especially in the Port City regime, labour law and tax reform) as the coun - try repositions itself as a competitive and rules- based investment destination in South Asia.
ing Personal Data Protection Act and strengthen safeguards against cybercrime and financial fraud. In addition, the digital economy has gained momentum – more so with the launch of Starlink in Sri Lanka, which is expected to expand inter - net access to underserved regions. The govern - ment has also allocated LKR100 billion to digit - ise key regulatory agencies including the Board of Investment of Sri Lanka, the Inland Revenue Department and the Registrar of Companies, aiming to streamline investment approvals and enhance transparency.
789 CHAMBERS.COM
Powered by FlippingBook