Conflict not the biggest stumbling block for economic growth -
Wimal Weerawansa
The war is not the sole and the most serious
stumbling block for economic growth. For long lasting peace, LTTE
terrorism should be defeated militarily and democracy should be
restored in the North and East, said JVP parliamentarian Wimal
Weerawansa.
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BOI to woo maximum investment, boost economic growth - Chairman
The Board of Investment of Sri Lanka will be
transformed into an efficient and investor friendly institution to
attract maximum investment that will create employment opportunities
and boost economic growth, said BOI's new Chairman and Director
General Dhammika Perera who assumed duties on Wednesday.
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7% growth forecasts for 2007
The growth forecast for 2007 is 7%. The
contributors are 5% from the existing open economy, 1% from new
investments, 0.2% from policy reform and 0.8% from the Asian
buoyancy. Sri Lanka's economy expanded by 7.4% in 2006 but given the
recent escalation of ethnic conflict and violence the country's
growth is expected to slow down slightly in 2007, said Institute of
Policy Studies Director Dr. Saman Kelegama at the launch of the
ESCAP report.
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