Business Times

Sri Lanka heading towards China and India-type of emerging economy:PBJ

By Quintus Perera

An absolutely,confident Treasury Secretary has assured that Sri Lanka is heading for a 'Star-class Economy making the country a five-pronged hub in a matter of few years, as there is political and security stability in Sri Lanka as a result of the overwhelming victories at the Presidential and the Parilamentary Elections for the UPFA government.

Dr P. B. Jayasundera was speaking as Chief Guest at Sri Lanka's first, Logistics and International Trade Quiz held in Colombo last week. This first-ever Quiz for the Lalith Athuathmudali Memorial Trophy was conducted by the International Quizzing Association - Sri Lanka Chapter in collaboration with the Sri Lanka Shippers' Council and endorsed by the Asian Shippers' Council Secretariat. The Quiz Master was Ruwan Senanayake.

Seylan Bank Team was adjudged the overall winner, the first runner up was Maersk A Team and the second runner up was Sujeewa Gunaratne Team. Sector-wise results were: Banking - Seylan Bank Team; Schools and Educational Institutions - St Joseph's College; Freight Forwarders - ACE Cargo Team; Individual - Sujeewa Gunaratne Team; Shippers - Imperial Tea Team; Shipping Lines - Maersk A Team and Other ServiceProviders - Dialog Team.

Dr Jayasundera said that this nation is now looking forward towards a Shipping Hub, Aviation Hub, Energy Hub, Commercial Hub and Knowledge Hub in this part of the world. Commenting on the Quiz contest itself, he said that it, "Reflected probably the future of the country, capturing probably what the government is trying to evolve."

He said that with the verdict of the general public the government is at the threshold of advancing to a major economic development in the country and that in another five years would be another emerging economy like China and India.

The Treasury Secretary said that when he came to the Central Bank in 1980's he thought that just behind them(building) was the sea, but today's impression is quite different - that of a Port City is being created and Port City would emerge within a matter of five to six years, Dr Jayasundera predicted. He said that these are not just statistics and numbers, but creative exploitation of opportunities.

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