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| Sunday, 14 December 2003 |
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| News Business Features Editorial
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Prestigious int'l award for BOI Sri Lanka has made great strides over the past years in its quest to market itself as the gateway to Asia for direct foreign investment, said Editor and Publisher of the prestigious financial journal Euromoney, Samuel Passow. He said major promotional activities by the Board of Investment (BOI) in Sri Lanka, an open economy, superb logistics for serving as a regional trade hub, a resilient workforce and the ground-breaking Indo-Lanka Free Trade Agreement have created a major break-through for the island. "Today, Sri Lanka ranks as the most liberalised economy in South Asia," Passow told a ceremony held to present the 'Euromoney Strategic Investor Award for 2002' to the BOI as the best investment promotion agency in the South Asian region. The award was presented by Passow to Minister of Enterprise Development, Industrial Policy and Investment Promotion Prof G.L. Peiris. Passow said the most important advantage the country offers potential foreign investors is the fact that it is far ahead in the region in terms of human development indicators. "You have the highest literacy rate in South Asia while the nation's health indicators too rank high. The Colombo Port is ranked number one in South Asia and 26th in the world," he added. Commenting on the award, Passow said they obtained 60 nominations from 15 countries. The final winner was chosen by an independent panel of four judges based on an overall evaluation of both the quantitative and qualitative evidence submitted to them by the editorial department. (HS) |
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