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Tuesday, 26 May, 2020
OSL-THE Investment Magazine interviews Tourism and Aviation, and Industrial Export Development and Investment Promotion Minister Prasanna Ranatunga, about the task of Herculean proportions facing him, in developing production and attracting investment and tourists to the country.
Bandula Gunawardena, Minister of Information and Communication Technology and Higher Education, Technology and Innovation, prefers to get down to brass tacks. Barely three weeks into the new administration, he has already laid down a rough plan for the months ahead; months which, by all accounts, will be stormy depending on how the government and cabinet handle them.
In 1944 "Colossus", the world’s first electronic computer, started work in the British code-breaking centre at Bletchley Park, inaugurating the “Digital Revolution” – the ongoing process of social, political and economic transformation brought about by the shift from mechanical and analogue electronic technology to digital electronics, with the adoption and propagation of digital computers and digital record keeping.
Sri Lanka’s multi-billion dollar Port City Colombo is now open for business. Five years into its making, the reclamation of land is complete, and the project company is directing their energy towards making it commercially viable. The new city is positioned not only as an immense draw for Colombo’s central business district but also as a catalyst for investment in Sri Lanka.
Business confidence zoomed with the election of Gotabhaya Rajapaksa. As he gave oaths as President on 18 November, the Colombo Stock Exchange (CSE) all share price index (ASPI) climbed by 106 points (1.77%), closing at 6,129.5, the highest so far this year, on a daily turnover of LKR 2.41 bn.
The numbers tell it all. Around 23.4 % of the country’s population is made up of young people, specifically those between the ages of 15 and 29 years.
Brexit should be seen as a great opportunity for renewal of the Commonwealth of Nations The Parliament of the United Kingdom will be prorogued from September until the middle of October meaning that at long last the UK is almost certain to leave the European Union on 31 October 2019....
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OSL THE Investment Magazine is a new monthly business magazine with a difference: it is intended to promote Sri Lanka as an investment destination and to bring investment opportunities to the notice of potential investors.
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