The Board of Investment (BoI) and Bank of Tokyo Mitsubishi UFJ Ltd.,(BTMU) on Monday (18) signed an MOU for the purpose of promoting FDI in Sri Lanka by Japanese Investing and to foster business partnerships between Sri Lanka and Japanese Entrepreneurs.
Mr Ajith Nivard Cabraal, Governor Central Bank of Sri Lanka presenting his views on the topic ‘Sustaining Economic Momentum in the Nation’s Journey to Prosperity’ in the Session 2 in the ongoing Defence Seminar - 2014 at Colombo Galadari Hotel highlighted the momentum Sri Lanka has achieved in the sphere of economic revival with the return of durable peace to Sri Lanka.
Sri Lanka has performed well in the region, in terms of many global indices and the country is well placed in the World Rule of Law Index and the Global Peace Index, being on top in South Asia. The Human Development Index ranks Sri Lanka among the top ten in the Asian Region, so said Dr P.B Jayasundera, Secretary to the Treasury and Ministry of Finance and Planning, delivering the keynote address to the inaugural session at the Defence Seminar - 2014, began at Colombo Galadari Hotel Monday (18) morning.
The final session of the Day 1 of the Defence Seminar – 2014 at Colombo Galadari Hotel was addressed by Dr Sarath Amunugama, Deputy Minister of Finance and Planning on ‘Sri Lanka: Claiming a Stake in Global Prosperity’ Monday (18) evening.
What we must seek to build progressively is a "Positive Peace" and a kind of development that goes beyond a monetary value and favours the growth of human and social relationships, cohesive societies, promote civic engagement and establish trust and reciprocity, said Mr Lalith Weeratunga, Secretary to the President.
A program to popularize the cultivation of traditional local paddy will be implemented in Kegalle district in future, as there is a good demand in the market for traditional local paddy varieties, Kegalle District Secretary, Thusitha P.Wanigasinghe said recently addressing theKegalle District Agricultural Committee.
For the first time, Syrian investors' view on trading and investing in Sri Lanka has been revealed in a first-hand account and the cash rich Syrians want to set up active projects first, rather than sending a stream of hot funds. “Gulf economies are richer than Syria but when it comes to individual countries’ private capital volumes, everyone knows that Syrians are way ahead and much more liquid than private capital in Gulf region. The main issue now is that the Syrian industrial community is on the lookout for an investment hub due to the current unrest in Syria. There are a few keen big investors who are studying Sri Lanka closely” said Dr Mhd. Moussallam Al Droubi (CEO of Al Droubi Group and the Hon Consul of Sri Lanka in Damascus, Syria recently in Colombo.