Sri Lanka economic forum on boosting growth, trade and investment kicks off with President

ECONOMYNEXT – An economic forum organised by Sri Lanka’s Ceylon Chamber of Commerce will be inaugurated Tuesday by President Maithripala Sirisena, which will cover 400 senior business executives and public officials participating on strategies to boost the economy.

The two-day ‘Sri Lanka Economic Summit 2016’ will be held under the theme ‘Focus. Act. Deliver’, as Sri Lanka is limping back from twin hits of high government spending and loose monetary policy unleashed in 2015, which has led to a collapse of the currency.

Sri Lankan businesses and citizens also suffer from prerogative taxation despite the existence of a parliament, retrospective taxes and expropriation, analysts have said.

The forum will discuss how to accelerate Sri Lanka’s growth levels (link to agenda), private public partnerships, tourism, international trade and logistics, talent pool growth, commercial agriculture and the country’s ailing public enterprises.

The first session of the event ‘Accelerating Growth, Pushing for Performance’ will start with Finance Minister Honorable Ravi Karunanayake and Central Bank Governor Indrajith Coomaraswamy delivering speeches.

A panel discussion will follow with Idris Jala, CEO of Pemandu, Malaysia; Former Deputy Governor of the Central Bank W. A. Wijewardena; and Chairman of the IPS Professor Razeen Sally.

Chairperson of the Ceylon Chamber of Commerce Samantha Ranatunga will deliver the welcome address of the event, while former Chairperson Suresh Shah will moderate the first session’s panel discussion.

Fifty resource persons from both Sri Lanka and overseas, representing both the public and private sectors, will join in to share insights across the two days, focusing on how to move from issues to solutions, potential to performance and rhetoric to action. (Colombo/Aug02/2016)

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