Presenting the vision for the months ahead through ‘Road Map 2019 – Monetary and Financial Sector Policies for 2019 and Beyond’ Sri Lanka’s financial market regulator Central Bank said that industrial activities slowed in 2018 mainly due to the slowdown in the construction sector.
On the other hand analysts points out that Post-war Sri Lanka had witnessed a huge industrial activity growth after May 2009 to January 2015 with then government stepping in to a huge Mega-Infrastructure development drive fuelled with foreign and domestic lending that created a job market and a demand for constructions sector jobs, with influx of Chinese construction and infrastructure development companies and over 100,000 Chinese temporary migrated workers apart from enabling local construction sector companies to diversify into hotel sector, healthcare sector, real estate sector and education sector partnering with Chinese, Japanese, Indian and perhaps even American giants such as Brand – Hilton across the island nation. Read More
