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» ඇලබාමා මැතිවරණයෙන් ඩොනල්ඩ් ට්‍රම්ප්ට පරාජයක්
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» දිවියෙන් සමුගැනීම සමරන්න සාදයක්!
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» Plantations - Analysis by Saliya
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» Best combination in Sinhala music: Prem+Victor
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» JKH trades in a tight channal
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» Sri Lanka to push ahead with shipping liberalization
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» Investment in listed companies.
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» TPL.N0000 (TALAWAKALE PLANTATIONS )
Sun Dec 10, 2017 6:59 pm by කිත්සිරි ද සිල්වා

» Trading
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» In the Meantime, Within Our Shores !
Sat Dec 09, 2017 5:39 pm by Ethical Trader

» ඩොලර් මිලියන 251.4 ක IMF තෙවන ණය වාරිකය අනුමතයි
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» IMF approves US$ 251.4 mn to Lanka
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» Strong uptick in exports, FDI
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» Sri Lanka needs more taxes to cover SOE losses,
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» ජෙරුසලමේ තත්ත්වය : ට්‍රම්ප් පියවරට එරෙහිව පලස්තීනුවෝ වීථි බසිති
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» Dividend Announcement
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» ඉන්දියා යාමට ගිය ක්‍රීඩකයන් ගුවන්තොටේදී යළි කැඳවේ
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Tue Dec 05, 2017 2:17 pm by Ethical Trader

» මෙක්සිකෝවේ "කොලපැහැ රත්‍රන්" රකින "අලිගැටපේර පොලිසිය"
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» ජෙට්වින්ග් කොටස් වෙළෙඳපොළ සම්ප්‍රාප්තියට දින නියම වෙයි
Mon Dec 04, 2017 1:14 pm by nihal123

» Flying is the Safest mode of Transport
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» හිමගිර පාමුළ විමුක්තිය සොයන බෞද්ධ භික්ෂුණින් වහන්සේ
Fri Dec 01, 2017 11:47 am by Ethical Trader

» දකුණු කොරියාව: ජනපති මෛත්‍රීට අනපේක්ෂිත අමුත්තෙක් මුණගැසෙයි
Fri Dec 01, 2017 11:36 am by Ethical Trader

» Laughter the Best Medicine
Thu Nov 30, 2017 6:08 pm by කිත්සිරි ද සිල්වා

» ඒකාබද්ධ විපක්ෂය සමග සාකච්ඡා අසාර්ථකයි: ශ්‍රීලනිපයට "ජයග්‍රහණය විශ්වාසයි"
Thu Nov 30, 2017 4:12 pm by Ethical Trader

» සීමා නීර්ණ ගැසට් පත්‍රය අවලංගු කළ පෙත්සම ඉවතට
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» අයහපත් කාලගුණය: මරණ සංඛ්‍යාව ඉහළට
Thu Nov 30, 2017 3:57 pm by Ethical Trader

» "උතුරු කොරියාව නව බැලිස්ටික් මිසයිලයක් විදලා" - දකුණු කොරියාව
Wed Nov 29, 2017 1:01 pm by Ethical Trader

» Govt. to release 50 acres of capital land for investments
Tue Nov 28, 2017 11:32 am by කිත්සිරි ද සිල්වා

» Higher oil bill overshadows strong growth in exports
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» හදාගත් දරුවෝ: DNA බැංකුවට ශ්‍රී ලංකාවේ හා නෙදර්ලන්තයේ සහාය
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CIFC To Bring In 12% Of GDP

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CIFC To Bring In 12% Of GDP

Post by sashimaal on Sun Dec 04, 2016 10:46 am

by Wiraj Silva

The proposed Colombo International Financial Center (CIFC) will bring in foreign exchange worth nearly five percent of Sri Lanka’s GDP (Gross domestic product) within five years of operations whilst within a decade this share is to reach at least 12% of GDP.

Earlier addressing the Parliament, Finance Minister Ravi Karunanayake said that given the potential for the country to become a financial hub, the government has already initiated the necessary ground work to establish the Colombo International Financial Center (CIFC)
“.. this House will be presented with the legislation necessary to establish the CIFC very soon. In addition, we are focused on strengthening the regulatory mechanism to ensure growth and stability of the sector.”

“At present, the country does not have a dedicated authority to protect the interest of the financial customers, promote fairness and transparency for consumer financial products and services.

As such, it is proposed to establish a Consumer Financial Protection Authority (CFPA). The CFPA will have the capacity to protect the consumers, by improving the financial consumer rights, promote financial literacy, ensure competitiveness in the financial markets and firms thereby enhance integrity of the financial system of the country as a whole.”

http://www.thesundayleader.lk/2016/12/0 ... 12-of-gdp/
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Re: CIFC To Bring In 12% Of GDP

Post by කිත්සිරි ද සිල්වා on Sun Dec 04, 2016 7:37 pm

Thanks sashi. Very Happy
(Boys are still talking only ! love to see them walking those talks soon).
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Re: CIFC To Bring In 12% Of GDP

Post by sashimaal on Sun Dec 04, 2016 7:56 pm

Yes Sad
Still taking things lightly Sad

G**a can play the Nationalistic card and easily win in 2020 unless something significant happens.. I would have liked that if not for the clan behind
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