The Investor Sentiment - Equity and investments forum for Sri Lankans



Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans

The Investor Sentiment - Equity and investments forum for Sri Lankans

Would you like to react to this message? Create an account in a few clicks or log in to continue.
The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
A dozen taskforces to push Sri Lanka up ease of doing biz rankings EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker


2 posters

    A dozen taskforces to push Sri Lanka up ease of doing biz rankings

    sashimaal
    sashimaal
    Top contributor
    Top contributor


    Posts : 5785
    Join date : 2014-02-28

    A dozen taskforces to push Sri Lanka up ease of doing biz rankings Empty A dozen taskforces to push Sri Lanka up ease of doing biz rankings

    Post by sashimaal Mon Oct 10, 2016 10:41 pm

    Taskforces to work under the purview of the Central Bank, strong push on reforms

    WB study finds economy as closed as 1970 due to tariffs and para-tariffs


    Getting aggressive on improving investment, the Government has appointed a dozen taskforces, one for each pillar of the Ease of Doing Business rankings, under the purview of the Central Bank to move Sri Lanka up the ladder and make it globally competitive.

    Central Bank Governor Dr. Indrajit Coomaraswamy, delivering a lecture titled ‘Development Challenges in Sri Lanka’, organised by the Institute of Certified Management Accountants of Sri Lanka recently called on the private sector to support Government efforts to improve investment and exports.

    One of the key reforms overseen by the Central Bank is evaluating how the country can move up the Ease of Doing Business Rankings, where it has failed to impress despite repeated promises by the Government.

    Last week Sri Lanka slipped three positions to languish at number 71 in the latest ranking of global competitiveness by the World Economic Forum whilst neighbouring giant India emerged as the best performer.

    The WEF’s Global Competitiveness Report 2016/17 identified Sri Lanka as the most advanced economy in the South Asian region but noted the country has slipped three positions to 71st out of 138 countries assessed, but with a stable score.

    “After years of conflict, the country needs to concentrate on triggering the efficiencies that will drive further growth—for example, by restructuring the labour market and investing in technological readiness, where it lags significantly behind economies at a similar stage of development,” the WEF’s GCR said.

    Countries were assessed on 12 pillars and Sri Lanka’s performance was mixed under three sub-indexes Basic Requirements ranked at 64, Efficiency Enhancers (83) and Innovation and Sophistication Factors (46).

    The pillars and Sri Lanka’s respective global ranking were Institutions (64), Infrastructure (57), Macroeconomic Environment (73), Health and Primary Education (37), Higher Education and Training (68), Goods Market Efficiency (66), Labour Market Efficiency (128), Financial Market Development (64), Technological Readiness (101), Market Size (60), Business Sophistication (53) and Innovation (43).

    In terms of the most problematic factors for doing business, the WEF Executive Opinion Survey 2016 listed policy instability as the biggest concern followed by access to financing and inefficient government bureaucracy and tax rates. Dr. Coomaraswamy acknowledged that the Government had struggled on the policy front but praised the Finance Ministry for keeping revenue targets in line to keep the International Monetary Fund (IMF) supported fiscal consolidation program largely on track.

    “There is much more that needs to be done but we have made a start,” the Governor said, pointing out that in addition to the taskforces on ease of doing business, the Government had also established a one-stop-shop for investors at the Board of Investment (BOI).

    “The Government is also working on a national trade policy to rationalise the way forward with several free trade agreements that are currently being negotiated. An anti-dumping law is also likely to reach Parliament before the end of this year,” he said.

    One of the biggest challenges to economic liberalisation is the number of tariffs and para-tariffs, which a recent World Bank study had highlighted as being responsible for keeping Sri Lanka’s economy closed at the same level it was in 1970, the Governor said.


    He called on the private sector to “unzip their wallets” after the Budget and policy statement by the Prime Minister is delivered to be the key stakeholder in driving growth forward.

    http://www.ft.lk/article/572822/A-dozen-taskforces-to-push-Sri-Lanka-up-ease-of-doing-biz-rankings
    කිත්සිරි ද සිල්වා
    කිත්සිරි ද සිල්වා
    Top contributor
    Top contributor


    Posts : 9679
    Join date : 2014-02-23
    Age : 66
    Location : රජ්ගම

    A dozen taskforces to push Sri Lanka up ease of doing biz rankings Empty Re: A dozen taskforces to push Sri Lanka up ease of doing biz rankings

    Post by කිත්සිරි ද සිල්වා Tue Oct 11, 2016 8:49 am

    Good move.
    (The New Philippine president has decreed that new Business Registration applications  to be completed within 72 hours and it is working well. Many local and foreigners wanting to start up business are really happy about the change).
    Time for our NATO boys to come out of their old shoes and start walking the talks now. Very Happy

      Current date/time is Tue Dec 10, 2024 4:40 pm