Sri Lanka
Business and Professional Services Sector Review
Definition and scale of sector
- Legal, accountancy,
- Market research,
- Management consultancy,
- General business services,
- Advertising,
- General research
Why the sector was chosen in the West Midlands
- Significant forecast employment growth centred on Birmingham City Centre.
- Need for an adequate supply of skilled workers.
- Focus on specialist activity such as intellectual property rights and construction
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Doing Business overview - 2008
This year Easten Europe and the former Soivet Union surpassed East Asia in the ease of doing business (figure 1,1). Sereval of the region's countries have gone even further, surpassing many Western European economies. Estonia, the most business friendly of the former socialist bloc, rank 17 on the ease of doing business. Georgia and lattvia are also in the top 25. The result is a boom in new businesses. Georgia now has 15 registered businesses per 100 people (same as Malaysia). The Czech Republic and Slovakia have 13 (same as Singapore).
Source: Comparing Regulationin 178 Economies
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Education Sector Development Project, Additional Financing - May 2008
The Sri Lankan economy has been expanding relatively strongly in the recent past, with an average annual growth rate in excess of five percent during the last few years. The Government has published a policy statement for national development which seeks to promote equitable, broad-based economic development through investment in infrastructure and human capital, with special emphasis on lagging regions. However, the long-running conflict has hampered Sri Lanka from realizing its full economic potential, and the country could develop substantially faster if a long-term and sustainable resolution to the conflict could be achieved.
Source: The World Bank
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Asian Water Development Outlook - 2007 - ADB
The Asia-Pacific Water Forum (APWF) seeks to encourage collaborative efforts on water resources management accelerate the effective intergration of water resource management into the socioeconomic development process of the Asia and Pacific region. This Asian Water Development Outlook 2007 report marks an early milestone in the Forum's progress. Established only in September 2006, the APWF is a result of the Joint Declaration issued by the Water Ministers of the Asia-Pacific Region at the Fourth World Water Forum, Mexico City six months earlier
Source: ADB
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Business Professional Services Report - November 2007
Sri Lanka's economy grew by 8% during the first six months of 2006. The main sub-sectors in the services sector; namely, trade, telecommunications, transportation and financial services have become a very important driving force to the entire growth in economy.
The services sector of Sri Lanka has developed as a key sector of economical growth over the last 25 years. In 2006, the services sector growth was 8.3 % and it even increased its share in GDP rising from 42,9 % in 1978 to 55,3% in 2006 (Source: BOI).
Source: India Pakistan Trade Unit
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Public Sector Accounting and Auditing: A Comparison to International Standards from The World Bank - May 2007
The basic purport of this assessment of public sector accounting and auditing is to facilitate more efficient Public Financial Management (PFM) through better quality accounting and public audit processes in Sri Lanka. Moreover, a greater stimulus is expected to be created for more cost-effective outcomes of government spending. The main objectives of this effort are to: (a) provide Sri Lanka's accounting and audit authorities and other interested stakeholders, with a common strongly founded knowledge regarding the status of local practices in accordance with the internationally developed standards of financial reporting and audit; (b) assess the prevailing variances; (c) chart paths to reduce the variances; and (d) provide an ongoing basis for measuring improvements.
Source The World Bank
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Sri Lanka Public Sector Accounting and Auditing - March 2007
The basic purport of this assessment of public sector accounting and auditing is to facilitate more efficient Public Financial Management (PFM) through better quality accounting and public audit processes in Sri Lanka. Moreover, a greater stimulus is expected to be created for more cost-effective outcomes of government spending. The main objectives of this effort are to: (a) provide Sri Lanka's accounting and audit authorities and other interested stakeholders, with a common strongly founded knowledge regarding the status of local practices in accordance with the internationally developed standards of financial reporting and audit; (b) assess the prevailing variances; (c) chart paths to reduce the variances; and (d) provide an ongoing basis for measuring improvements.
Source The World Bank
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Investment trend and Sector analysis: Bangladesh, Pakistan, and Sri Lanka - November 2006
The impact of Foreign Direct Investment (FDI) can be examined by using different parameters such as capital formation, backward linkages, employment, technology transfer, market access and knowledge spillovers. FDI is increasingly becoming a preferred form of capital flows to developing countries in recent years.
The analysis shows that although the impact was found mixed, Bangladesh's performance was on the positive side. As in major emerging economies such as India and China, it appears that even in the case of Pakistan there exists a direct and positive relationship between FDI and Economic Growth. The Sri Lanka economy has undergone fundamental changes with its per capita nominal income rising from US$ 719 in 1995 to US$ 1,197 in 2005.
Source: Commonwealth Business Council and SAARC Chamber of Commerce and Industry
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