Korea to boost investments in Sri Lanka
South Korea, one of the largest international
investors in Sri Lanka in the '90s, hopes to re-enter the country in
a significant way. “The Sri Lankan government deserves credit for
running the economy well. We were the largest investor in Sri Lanka
in the '90s. Korean investors said that Sri Lanka is advantageous
for re-entry,” said Korean Ambassador to Sri Lanka, Jong Moon Choi
when he called on Minister of Industry and Commerce, Rishard
Bathiudeen at the Ministry recently.
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'Infrastructure development vital for IT BPO growth'
“Infrastructure development is vital for the
growth of the IT BPO industry,” said the chairman of the Sri Lanka
Association of Software Service Companies (SLASSCOM) Sujeewa
Devaraj. He was speaking at the SLASSCOM CXO Lunch Briefing in
Colombo last week. In the cost structure of the IT BPO industry, HR
cost is the highest and infrastructure comes second. Several global
reports on real estate costs have recognised Sri Lanka as one of the
most cost-effective destinations in the region.
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Electricity hike - people hope for fair decision
Discussions on the proposed new electricity
tariff structure are hotting up with several views being expressed
by various segments of consumers.After publishing the new tariff
structure, the Public Utilities Commission of Sri Lanka (PUCSL) has
called for written representations from stakeholders till March 28.
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'BOI should create environment for business development'
Sri Lanka has the best environment for
investment and doing business, Laugfs Holdings Chairman W.K.H.
Wegapitiya said. He said the business environment was severely
affected for several decades due to the battle against terrorism
that impeded investment and stifled economic growth.
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