"> Sunday Times - "Don't rest on your laurels" - George Soros warns business community


"Don't rest on your laurels" - George Soros warns business community

7 January 2016 - 1883   - 0

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

  Comments - 0

  • Leave a comment

Top Stories

VAT amendment delay threatens IMF’s second tranche

The disbursement of the second tranche of a IMF 1.5 billion dollar Extended Fund Facility (EEF) this year might be under threat if there is a delay...

23 September 2016 - Views : 45

Customs trade unions end work-to-rule campaign

23 September 2016

One killed, four injured in car-lorry crash

23 September 2016

HRC asks Government to withdraw Bill that deprives suspects of access to lawyers before statements are recorded

23 September 2016



Features & Analysis

Inter School Shakespeare Drama competition :Results for semi-finals

“Speak the speech, I pray you, as I pronounced it to you, trippingly on the tongue” William Shakespeare (...

Music Project gearing up for 'The Unite Roadshow 2016'

The Music Project’s new venture – “The Unite Roadshow 2016” saw a group of 140 – studen...

Chamber Music Society presents an evening of string quartets

The Chamber Music Society  will present “String Quartets at the Goethe” on Sunday October 2 at 7 p.m...

Tilak Samarawickrema to hold an exhibition of his work at the Wendt Gallery

Designer, architect and artist Tilak Samarawickrema will hold a major exhibition of his work, ‘Tilak- A 50-year...