Reply To:
Name - Reply Comment
Last Updated : 2024-05-02 00:00:00
A leading apparel exporter in the country has called for clarity and direction from the government for private enterprises to play a key role in regaining and sustaining Sri Lanka’s economic resurgence in the aftermath of the Easter Sunday attacks and constitutional crisis of last October.
Speaking about Sri Lanka’s current economic context at a panel discussion organized by the Ceylon Chamber of Commerce recently, MAS Holdings Chairman Mahesh Amalean highlighted that the constitutional crisis and the Easter Sunday attacks have together created confusion and lack of confidence about the country’s collective leadership.
“Businesses playing a role in regaining and sustaining Sri Lanka’s economic resurgence are of great relevance, especially as the country is experiencing a feeling of uncertainty and challenges,” he said.
He pointed out that the detrimental impacts of the recent incidents are so visible, that the numbers speak for themselves.
“For instance, if we consider our GDP growth rate, at the beginning of the year it was projected to be around 4 percent for 2019. However, with these unfortunate incidents, the growth rate for Sri Lanka has been downgraded to be between the range of 2.5 percent to 3 percent, the lowest for the past 18 years,” he said.
In this backdrop Amalean stressed that clarity and direction remain key ingredients that are vital to the local businesses to help address the issues in the economy and create an enabling environment.
“As a business, what we have done is to look at the next two years to strengthen our core business. We need to build internal strength. I believe clarity gives us enormous strength, direction and focus in a challenging environment,” he noted.
sacre blieu Wednesday, 24 July 2019 11:46 AM
People of honesty, integrity and credibility have no place today in our country, only the fraudsters and dishonest deal makers are been given the pride of place of recognition and awards and rewards. The latest enterprise is Sri Lanka is now becoming the worlds biggest junkyard.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
US authorities are currently reviewing the manifest of every cargo aboard MV
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul