Country Report

SRI LANKA

Macau Sept. 2013Anver DoleAAMO- President

Processing of rubber, tea, coconut, tobacco, & other

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agricultural commodities ;

Main Industries

telecommunications, insurance, banking, tourism, shipping ; clothing, textiles ;cement, petroleum refining,IT services, construction.

Export goods :

Export : US $ 10.89 Billion

Textile and apparel, pharmaceuticals, tea, spices,diamonds, emeralds, rubies,coconut products, rubbermanufactures, fish.

USAUK

: 6.4 %: 5.2 %: 4.8 %: 4.3 %

22.6 %: 9.8 %

IndiaBelgiumGermany

:

Italy

Main Export Partners

Import goods :

Imports US $ 20.02 Billion

Textile fabrics, mineral products, petroleum, foodstuffs, machinery &transportation equipment.

IndiaChina

: 8.6 %: 7.7 %: 4.4 %: 4.3 %

21.3 %: 16.5 %

SingaporeIranUAE

:

Malaysia

Main Import Partners

Sri Lanka’s GDP per capita is US $ 2,923

GDP per Capita

Exceeds all other countries in South Asia other than the Maldives.

The war ended in 2009.

GDP Growth

Prior to that, from 2003 – 2008, GDP growth averaged 6.3 %.

After cessation of war, GDP growth in 2010 & 2011 surged to 8.02% and 8.25%

Dropped in 2012 to 6.41%

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Sri Lanka’s economic growth is expected to recover gradually to 6.8 % in 2013 and to 7.2 % in 2014 (ADB).

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Government revenue and grants in 2012 was Rs. 1,004 Billion

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Government revenue & grants as a % of GDP in 2012 was 13.2 %.

Government revenue & grants as a % of GDP in 2011 was 14.5%.

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Government expenditure & net lending in 2012 was Rs. 1,493 Billion.

Government expenditure & net lending as a % of GDP in 2012 was 19.7%.

Public debit in 2012 was Rs. 6,000 B.

Public Debt

Inflation continued to remain in single digits at 7.6 % during 2012 (ADB).

Expected to decline marginally to 7.5 % in 2013 (ADB).

Sri Lanka was ranked first in South Asia in Human

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Human Development

Development Index:

Index

Health, Education &Income (UNDP)

Sri Lanka was rankedat 43 out of 111 countries.

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Quality-of-Life Index

Sri Lanka has bettered its • ranking to 81 from 89 in an

compiled by the WB & IFC, by

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computerizing key processes.It marks the first time, since

ease of doing business ranking

2005, that a South Asian economy has ranked so high.

Ease of doing Business(WB & IFC)

Sri Lanka :

Ease of doing BusinessRankings

2010 : 105 out of 1832011 : 982012 : 892013 : 81

Remarkable progress in power sector – national electrification ratio increased from 29% in 1990 to 94 % in 2012 (ADB).

High costs, however plague the sector.

Power Sector•

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The CHOGM will be held in Sri Lanka, in November 2013, as scheduled.

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So far only Canada had raised objections.

Prince Charles will represent H.M. the Queen, at the Commonwealth biennial conference.

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UN Human Rights Commissioner Navaneetham Pillay, finally visited Sri Lanka last week, on the long-standing invitation extended by the Sri Lanka Government.

Ms Pillay meets President Rajapaksa

Ms Pillay of UNHRC was told ’seeing is believing’. She toured the North & inspected the vast development work.

The IMSL held its 35th AGM at the Grand Oriental Hotel in Colombo recently.

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Anver Dole was re-elected President of IMSL

IMSL 35th AGM

The IMSL signed an MOU with the Sri Lanka Foundation (SLF) to continue its joint Public Lecture series on a bi-monthly basis.

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The National Management conference (NMC) was successfully held at the Galle Face Hotel, Colombo, on the theme :

“Today’s Leadership Responsibilities :What To Do & What To Leave Alone”

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Felicitation of BOC Chairman

Felicitation Dinner – Razik Zarook

Public Lectures are conducted bi-monthly in collaboration with Sri Lanka Foundation (SLF) .

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Prof. Hemanthi Ranasinghe(Management & Environment)

Mr. Sunil Wijesinha Chairman, Noritake Porcelain

Prof. Ranjith Bandara

IMSL – SLF Public Lecture

The IMSL is in the process of conducting the MCI Survey in Sri Lanka.

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The IMSL will send two nominees for the YMP, in Macau and mainland China.

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Thank You

Anver Dole.- President