‘Sri Lanka, an ideal location for investment’
Sri Lanka is in a unique situation: It has a great opportunity to
accomplish development in the entire country and earn recognition within
Asia as a strategic location for investment.
IMF Chief Christine
Lagarde with Susantha Katugampala
According to a lawyer practising Immigration and Commercial Law in
Australia Susantha Katugampala, the country’s unique location, human
capital, diverse nature and culture as well as the peaceful situation
has positioned it as a strategic location for investment.
In addition a key to attracting investors is its political stability.
Singapore and Malaysia were able to attract vast investments as these
countries convinced the world that they had political stability.
However, during that time both countries didn’t have democracy or
transparency. The people engaged in business look for stability while
others will need to see transparency.
Katugampala said that official interest rates in the US and European
countries is less than one percent and therefore when investors invest
their funds in banks at commercial rates the returns are very low. In
contrast Sri Lanka has shown excellence in financial management by
reducing the interest rates and the Sri Lankan rates are much higher
compared to US or European rates.
In any country for a business to grow debt capital is vital. Local
companies whether listed or unlisted and doing sustainable business are
Therefore, if investors from the western world invest their low cost
funds they can achieve more profitability in Sri Lanka, said
An investor from US or Europe has the opportunity to earn more
profits in a small emerging economy like Sri Lanka.
The country was known among the British as a beautiful country but
due to cricket, conflict and (now) peace, the country is well-known in
Personally he feels that good or bad publicity is publicity.
But extremely bad publicity will have an adverse effect and
therefore, it is important that we control bad publicity against the
country. In situations where the country has already received bad
publicity,damage control must be implemented. The government, public,
business community, Sri Lankan diaspora loyal to the country and
international friends should join hands and continuously give positive
publicity about the country to achieve this goal.