Sri Lanka is in a prime postion for investment at the moment but its important to confront the onging harsh realities of crisis faced by global markets, billionaire George Soros told an economic forum in Sri Lanka.
"Don't rest on your laurels. Its important to do more in terms of growth," Mr Soros told a gathering at the opening day of the ongoing Economic Forum in COlombo.
Soros is part of a panel engaged in discussion on the "Global Setting" currently underway at the Cinnamon Grand.
Further Soros said Global markets are facing a crisis and investors need to be very cautious. He said China is struggling to find a new growth model and its currency devaluation is transferring problems to the rest of the world, Soros said. A return to positive interest rates is a big problem for the developing world, he said.
The current environment “reminds me of the crisis we had in 2008," Soros said in Colombo
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
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