Sunday Observer Online


Sunday, 24 May 2009





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Government Gazette

nMomentous time to rebuild economy:

Business community commends eradication of terrorism


The business community while expressing profound gratitude to President Mahinda Rajapaksa and the defence forces for the victory achieved in the battlefront, said it is a great opportunity to rebuild the economy of the country. Business leaders said that the end to the three-decade war will boost the investor confidence and enable the country to rebrand its image as one of the best destinations in the region for investments.

Dian Gomes

Group Managing Director MAS Holdings, Dian Gomes said the biggest hurdle has been cleared with the victory in the war and it is a time to initiate mega development projects in the North and East.

“The private sector should play a leading role in the government’s post war development program launched by the President to expedite development in the country”, he said.

Dakshitha Thalagodapitiya

CEO, Secretary General, Chamber of Construction Industry of Sri Lanka, Dakshitha Thalagodapitiya, the construction industry in Sri Lanka will be the biggest beneficiary of the battle victory because all rehabilitation and reconstruction activities are linked to construction. “Medium to long-term construction will be the prime driver of development. Rebuilding damaged infrastructure and resettlement of IDPs and creation of modern townships with common amenities are construction linked”, he said.

Srilal Miththapala

President, Tourists Hotels Association of Sri Lanka, Srilal Miththapala said the achievement of peace will have a positive impact on the development of tourism in Sri Lanka.

“Foreign travel advisories will be relaxed and tourists will not fear to visit the country. Stability in security will help rebuild confidence and reposition the country as a prime tourist destination”, Miththapala said.

Ariyaseela Wickramanayake 

Chairman, Pelwatte Dairy Corporation and Mouwbima Lanka Foundation, Ariyaseela Wickramanayake said the European community wanted the war to continue to achieve their ulterior motives.

“The victory is an opportunity to develop the local industries and stop importing which will be a huge saving to the country.

The end of the war is an end to the dictates of the west”, Wickramanayake said.

A.K. Ratnarajah

Immediate Past Chairman, Ceylon National Chamber of Industries, A.K. Ratnarajah said it is a momentous time for the country to develop the North East, the economy, social values, good governance and restore democratic values.

“The President has the backing of the people and his development program should be given collectively supported to achieve prosperity”, Ratnarajah said.

Deputy Chairman, Acuity Stockbrokers (Pvt) Ltd., Ray Abeywardena said the market performance during the first two days of the week following the military victory is an indication of high investor sentiments and confidence that the post war era will help achieve lasting peace and prosperity. The market turnover for the two days was over Rs. 1 billion with both indices performing remarkably well.

“Everyone should unite with a positive attitude to rebuild the nation with an accelerated development program”, Abeywardena said.


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