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Last Updated : 2024-04-30 01:14:00
16 April 2024 09:08 am - 20 - {{hitsCtrl.values.hits}}
Colombo, April 16 (Daily Mirror) - The effectiveness of the legal system in handling investment-related matters in Sri Lanka is often questioned due to perceived corruption and inefficiency, an official said.
Marie Antonia von Schönburg, Chief Delegate of the Delegation of German Industry and Commerce in Sri Lanka, in an interview with Daily Mirror, said that despite the existence of laws, implementation remains a challenge, which may deter investors from choosing Sri Lanka over other alternatives.
By addressing investors' concerns about corruption and inefficiency, Sri Lanka is now seeking to create a transparent and predictable environment that facilitates investment and ensures the protection of investors' rights.
Continued efforts to strengthen the rule of law will contribute to Sri Lanka's reputation as a trustworthy and business-friendly destination for both domestic and foreign investors, she said.
Jonny Tuesday, 16 April 2024 09:34 AM
Exactly. Both politicians and their co-officials are highly corrupt. That is why the country needs a free and fair presidential election with a new/amended constitution. The problem is that the allegations are hard to prove without removing the present current lot in both ruling and opposition parties.
Balla Donkey Tuesday, 16 April 2024 11:25 AM
I am a senior private sector servant now retired. Bribe is part of SRI LANKAN CULTURE and nothing will happen without being oiling (bribing). This is a fact. Our legal officers are the meditator.
Anura Jayantha Tuesday, 16 April 2024 09:39 AM
If IMF, World Bank, ADB etc. are genuine in seeing this country developed, they must insist on eliminating corruption in institutions that are at the disposal of corrupt.
BuffaloaCitizen Tuesday, 16 April 2024 11:34 AM
Unfortunately one cannot change the culture of the majority race who have racism, corruption, thuggery and criminality in their veins.
Ama Tuesday, 16 April 2024 09:50 AM
Madam, the "10% commission taker" had arrived from USA
Peret Naanjin Tuesday, 16 April 2024 09:58 AM
thank you for noticing this. Not only on investment related all legal matters! Many convicted and corrupted people are in the parliament is the reason for developing this state!!
Peret Naanjin Tuesday, 16 April 2024 09:58 AM
thank you for noticing this. Not only on investment related all legal matters! Many convicted and corrupted people are in the parliament is the reason for developing this state!!
Peret Naanjin Tuesday, 16 April 2024 09:58 AM
thank you for noticing this. Not only on investment related all legal matters! Many convicted and corrupted people are in the parliament is the reason for developing this state!!
FELLOW CITIZENS THIS IS OUR LAST CHANCE TO MAKE A REAL CHANGE AND MOVE OUR HOMELAND FORWARD TO PROSPERITY Tuesday, 16 April 2024 10:18 AM
EXCELLENT OBSERVATION AND COMMENTS. UNFORTUNATELY, THOSE IN DECISION MAKING POSITIONS HAVE BLOCKED OUT THE MEANING OF THE WORK HONEST, EFFICIENT, RULE OF LAW, IMPLEMENTATION AND GOVERN FOR THE ALL THE CITIZENS. CORRUPTION IS SO EMBEDDED IN SOME OF THEM, OUR SYSTEMS AND LAWS. THOSE INDIVIDUALS COME INTO GOVERNMENT WITH ONE MENTALITY "ME, MYSELF AND I" WHICH ON THE WAY ENRICHES FAMILY MEMBERS IN THE PROCESS. CHILDREN ARE EDUCATED OVERSEAS AND MAJORITY DO NOT RETURN BACK. WE NEED ALL THE DISREPUTABLE MEMBERS GOVERNING IN THE PRESENT GOVERNMENT TO BE HOOFED OUT, FOR THE COUNTRY TO MOVE FORWARD.
Nihal S Tuesday, 16 April 2024 10:26 AM
Very correct. It is our politicians who interfere with the legal system implementation, unfortunately supported by some professionals. We need pressure from the international investor community to address the issue. Thanks Madam for your remarks.
KoffieMoffie Tuesday, 16 April 2024 10:34 AM
Yep. I would favour Singapore, Malaysia and Thailand over Sri Lanka
Jeanne Wednesday, 17 April 2024 04:37 AM
Definitely Singapore
Punchi Tuesday, 16 April 2024 11:51 AM
There is no country in the world where the highest levels of Dharma and the application of the laws of the jungle prevail than in our Buddha thrice visited and blessed most foremost and blessed paradise
Eper Tuesday, 16 April 2024 12:17 PM
Priority should be given to Lankan entrepreneurs to invest in projects of diversified sectors with state assistance and encouragement as the entire income will be retained locally.The respective minister should have an extensive knowledge of all aspects of development and as a final resort, you could go for foreign investment(which is difficult as the state of our legal system and corruption is well aware internationally)
Sambo Tuesday, 16 April 2024 08:31 PM
If you want to invest in Sri Lanka keep 15% on the negotiating table and can get anything passed.
Citizens Tuesday, 16 April 2024 09:42 PM
Theres nothing you can do about this. It'll take another century at least before you see any change. Majority has these traits running in their blood.
dinesh Tuesday, 16 April 2024 10:23 PM
no use....i step forward 2 steps backwards... thats the policy of the politicians and officials...
Jim Tuesday, 16 April 2024 10:43 PM
All thanks the LTTE
Patcitz Wednesday, 17 April 2024 01:17 AM
Well, if you are really concerned about Sri Lanka's sustainable growth and corruption free country, you must advice the competent authority to get freed SRI LANKA from incompetent leader Ranil immediately to pave the way for the sustainable development.
Patcitz Wednesday, 17 April 2024 01:19 AM
You are quite right, after Ranil takes over the country, SRI LANKA has PLUNGED into irrecoverable CORRUPTION.
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