Sri Lanka Economic Summit to invest in Sri Lanka
The Sri Lanka Economic Summit will be held in Colombo from 10th to
12th July 2012. The event organized by the Ceylon Chamber of Commerce
for the thirteenth year will have a number of sessions examining diverse
issues related to the country's economy.
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Ms. Premila Perera, Partner/Head of Tax, KPMG Sri Lanka |
The seventh session of the Summit to be held on July 12, examine
investing in Sri Lanka. The Government's development framework envisages
raising average GDP growth to above 8% in the medium term and it is
estimated that annual investments would have to increase to about 35% of
GDP to sustain growth at the envisaged level. With Public sector
investments having to be restricted to 6-6.5% of GDP, the remainder has
to be generated by the Private sector.
In 2011 Private sector investments was estimated at 23.7%. The
Government introduced substantive reforms to the taxation structure in
Sri Lanka with the national Budget for 2011 which was intended to
simplify the tax system and ease businesses.
Ms. Premila Perera, Partner/Head of Tax, KPMG Sri Lanka will make the
main presentation at this session informing the participants of the tax
incentives provided when investing in Sri Lanka.
The presentation will be followed by a panel discussion by M. M. C.
Ferdinando, Chairman/Director General, Board of Investment Sri Lanka,
Lakshman Jayasekara, Director General, National Physical Planning
Department, Hiran Cooray, PATA Chairman, Jetwing Hotels Ltd, Krishan
Balendra, Chairman, Colombo Stock Exchange, Hussein Esufally, CEO, Hemas
Holdings PLC, Stefan Huber, CEO, Holcim (Lanka) Ltd and Deshal de Mel,
Senior Economist, Hayleys PLC. The session will be moderated by Sujeewa
Mudalige, Deputy Leader and Head of Markets, PricewaterhouseCoopers.
The Ceylon Chamber of Commerce is an effective spokesman of the Sri
Lankan business sector.
Through its many specialized committees, affiliated associations and
21 bilateral business councils, the Ceylon Chamber of Commerce actively
promotes international business. Its members serve on various
institutions and committees set up by the Government and the private
sector.
More information could be obtained from
www.chamber.lk |
