Daily News Online
   

Saturday, 7 January 2012

Home

 | SHARE MARKET  | EXCHANGE RATE  | TRADING  | OTHER PUBLICATIONS   | ARCHIVES | 

dailynews
 ONLINE


OTHER PUBLICATIONS


OTHER LINKS

Marriage Proposals
Classified
Government Gazette

Lanka needs to improve labour productivity

Sri Lanka needs a firm plan to attract foreign investments and improve on trade relationships globally to maintain the economic growth of eight percent in the coming years.

The country should focus on a straight line method in its business approach and needs to have continuous policies to boost the confidence level of the international business community. It is important to take immediate measures to improve productivity on labour and output, International Chamber of Commerce Chairman Tissa Jayaweera told Daily News Business.

“Our social status and the business climate are greater than many countries in the region. However, Indonesia, Vietnam and Cambodia were able to attract a higher amount of foreign investments as they were able to build business confidence in potential investors,” he said.

The research and development activities in most countries are carried out by the State and our facilities are tied up with the University system. These facilities are not properly used for the benefit of the country.

“As we are not a research and development country there are only very few patents, less than five registered per year,” Jayaweera said. The country should pay more emphasis on producing employable youth as our education system has so far failed to bridge the job market gap. The system should be geared for skilled labour export than unskilled labour.

“The adult education facilities are not programmed properly and they lack opportunities to harness potential,” he said.

There are only 10 percent passing out from the Science stream and this needs to improve for the agricultural sector of the country to develop.

The priority of the university system should be given to produce entrepreneurs as they will be the future job givers. The private education facilities needs to enhance similar to the health system that operates parallel to the free healthcare facilities. “Sri Lanka is already on the world map and we need to position the country into the first league.

“Though, there is economic turmoil in the Western world it has the buying power. We are not in the right track if we move away from the West to Asia and this needs consideration,” Jayaweera said.

EMAIL |   PRINTABLE VIEW | FEEDBACK

ANCL TENDER for CTP PLATES
Executive Residencies - Colombo - Sri Lanka
Gift delivery in Sri Lanka and USA
Kapruka Online Shopping
www.apiwenuwenapi.co.uk
LANKAPUVATH - National News Agency of Sri Lanka
www.army.lk
Telecommunications Regulatory Commission of Sri Lanka (TRCSL)
www.news.lk
www.defence.lk
Donate Now | defence.lk

| News | Editorial | Business | Features | Political | Security | Sport | World | Letters | Obituaries |

Produced by Lake House Copyright © 2012 The Associated Newspapers of Ceylon Ltd.

Comments and suggestions to : Web Editor