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Tuesday, 9 March 2010

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To place trust in modern economy:

Country needs to re-profile

The country should re-profile to enable Sri Lanka’s business community to place their trust in modern economy to make it a knowledge economy.


Dr. P.B. Jayasundera

The country can be the skilled service provider and no longer should be the unskilled service provider. Thereby it could increase the foreign exchange income, said Treasury Secretary Dr. P.B. Jayasundera at the ceremony to induct Sujeewa Mudalige as the 20th President of the Institute of Chartered Accountants of Sri Lanka, yesterday.

“Our tax regime should be entirely different from the rest of the region. It should be simplified, transparent and encourage investment opportunities,” he said.

The future of Sri Lanka will be the improvement of the middle income country status to doubled the per capita income from current US $ 2,200 to US $ 4,000.

“This increase in the per capita income would ensure every household with electricity, access to drinking water, modern telecommunication and transport facilities. The development policy framework will not only address the development issues, but would also focus on creating a green environment,” he said.

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