On 24th October 2012
Mixed signals keep investments away: IFC Country Manage
Challenges will continue to remain unless the Government stages a
moderate role to improve investor confidence by relaxing the export
tariff structure, creating an environment for industries to compete
locally and abroad, extending the high productivity seen with export
industries to all sectors, and providing cheaper and wide access for
finance, according to International Finance Corporation (IFC) Country
Manager Adam Sack, who delivered the keynote speech at the inauguration
of the 33rd national conference of Chartered Accountants on Friday.
(http://colombostockwatch.com/2012/10/mixed-signals-keep-investments-away-ifc-country-manager/)
On 15th June 2012
POTENTIAL INVESTMENT HUB
Q: How do you view the state of the nation today – what are the primary strengths and weaknesses?
A: Despite the challenges that we face today, Sri
Lanka as a country is free from the major drag which plagued its economy
for nearly three decades – namely, the internal armed conflict.
Integration of the Northern and Eastern Provinces with the rest of the
country has opened up ample opportunities in the agriculture, industry
and services sectors. Now, the entire country is open for business.
Therefore, Sri Lanka beckons the rest of the world as a country with
tremendous investment potential.
(http://colombostockwatch.com/2012/06/potential-investment-hub/)
BANKING ON FRESH PARADIGMS
Q: What are your expectations for the banking industry, given the current concerns regarding the domestic economy?
A: We expect a growth of seven per cent this year,
stemming from tourism, services and manufacturing. These industries are
heavily dependent on the banking sector for working capital and
capacity-expansion financing.
(http://colombostockwatch.com/2012/06/professional-tenets/)
