Emerging Market Opportunity in Sri Lanka: A Closer Look
Discover the emerging market opportunities in Sri Lanka, an economy with a strong historical bond with Hong Kong. Learn about Hutchison Telecommunications Sri Lanka, CK Hutchison Group's presence in the country, and the strategic infrastructure development projects driving economic growth. Explore the vibrant economy's relevance to China's Belt & Road Initiative, its skilled workforce, and associated risks. Uncover the unique aspects of Sri Lanka that make it an attractive investment destination.
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Presentation Transcript
CSHK PASS Workshop CSHK PASS Workshop 2 2 - - Sri Lanka Sri Lanka Thirukumar Nadarasa CEO, Hutchison Telecommunications Sri Lanka
CK Hutchison Group & Hutchison in Sri Lanka A member of CK Hutchison Holdings (CKHH) Over 300,000 employees across 50 countries Over USD 58B in revenues. Operates in Ports, Retail, Infrastructure, Energy, Finance, and Telecom industries. Telecom: CKHH operates telcos across 12 markets catering to 128M subscribers globally. Ports: Operation consists of 53 ports across 27 countries across the globe. CKHH Telecom Footprint Hutchison s Sri Lanka Story 1997 2004 2012 2018 2019 2020 Entry Through Acquisition of Singtel operations Develop new GSM Network Develop new 3G Network Acquisition of Etisalat Lanka Business Network Merger & new 4G Network Develop larger Merge Network 2
Strong Historical Bond Between Sri Lanka & Hong Kong Sri Lanka and Hong Kong were both British colonies in the past. Common Past Sharing a number of commonalities in: British based system of Government Sri Lankan law is based on English common Law A common language : English - the main language of business Education system is largely modelled by British missionaries Sharing a common religion in Buddhism Sri Lanka was one of the first countries to recognize the People's Republic of China in 1957 Common Present China is today the major trading and investment partner of Sri Lanka 3
Sri Lanka: The Emerging Market Opportunity Vibrant Growing Economy that is Relevant to China s Belt & Road Initiative: Resilient Economy: South Asian economy with highest GDP per Capita (USD 3,853 in 2019) in region after Maldives1: Driven primarily by export in apparel, tea, rubber, and professional services - along with the tourism sector Skilled Workforce: Labour productivity higher than other emerging countries in region.2 Infrastructure Development Focus: Rapid development of transport and commercial infrastructure to underpin economic growth primarily under the Belt & Road Initiative: New Port City Development Project: Special Economic Zone with preferential tax treatment, prioritized regulatory approvals, and multi-currency transactional ability. Ports & Highways Development: A new international airport and port developed in last decade, along with ongoing cross- country highway infrastructure development to facilitate increasing FDI & commercial activity. As with any Emerging Market, Associated Risks Need to be Understood Political risk. When basic caution is exercised, the rewards of investing in an emerging market can outweigh the risks. Despite their volatility, the most growth and the highest-returning stocks are going to be found in the fastest-growing economies. Economic risk. Currency risk. 4 Sources: 1 World Bank, Data Bank, 2019; 2 Internation Labour Organization, 2019;
