FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post

Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Better investment climate needed: IFC

Better investment climate needed: IFC

2 posters

Go down  Message [Page 1 of 1]

1Better investment climate needed: IFC Empty Better investment climate needed: IFC Sun Aug 19, 2012 12:08 am

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
By Dilina Kulathunga

The International Finance Corporation (IFC), the private sector lending arm of the World Bank Group last week pointed out the need for a proper industrial policy and a better investment climate to attract desired levels of Foreign Direct Investment (FDI) into Sri Lanka.

IFC’s country manager for Sri Lanka and the Maldives, Adam Sack delivering the keynote speech at the 21st Annual General Meeting of Industrial Association of Sri Lanka (IASL) urged the Sri Lankan industrial sector to lobby the government to formulate a world class investment climate and to establish a good industrial policy to attract the FDI in achieving the much needed sustainable economic development.
“Sri Lanka improving its ‘Doing Business 2012 report’ ranking to 89 out of 183 countries and becoming the 2nd best in South Asia, ranked above even China and India is alone not enough for it to attract the necessary FDIs”, he said. Sri Lanka must create a world class investment climate with the support of the private sector and make continuous improvements to the industrial policy.

Meanwhile the Executive Director, Research and Policy Advocacy, Board of Investment Dr. I.N Samarappuli said that so far for the first five months the country has attracted less than a quarter of the targeted FDIs for the year which stood at US $ 450 million. However he expressed his optimism over achieving the target of US $ 2 billion by the end of this year.

He pointed out that the foreign investors watch predictability and the consistency of a country’s policy before they invest. “They are continuously in touch with the Sri Lankan media and are well informed on developments in the financial markets. So any development in the local market can send very important signals to the foreign investors who could even change their investment decisions”, he said.

He also emphasized the need for re-directing the country’s Industrial Policy (IP) towards exploiting the comparative advantages created by its strategic location, educated workforce, successful trading history, agricultural products and sophisticated demand created through growing higher middle income class in the island.
http://www.nation.lk/edition/biz-news/item/9454-better-investment-climate-needed-ifc.html

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
"
The International Finance Corporation (IFC), the private sector
lending arm of the World Bank Group last week pointed out the need for a
proper industrial policy and a better investment climate to attract
desired levels of Foreign Direct Investment (FDI) into Sri Lanka."

Official take to heart. There is no reservations in the above statement. It has to be done if we truly care. ( now don't say i don't care)

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum