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

Business

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

7 January 2016 - 1898   - 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

Half Sri Lanka's contracts are corrupt: President

Half of Sri Lanka's public procurement contracts are tainted by bribery and corruption, President Maithripala Sirisena said Friday, nearly two ...

9 December 2016 - Views : 10

Cutoff marks for Grade five examination issued

9 December 2016

Presidents meets representatives of leftist parties

9 December 2016

Plight of Aranayake displaced: Funeral inside tent

9 December 2016



style="display:inline-block;width:300px;height:250px"
data-ad-client="ca-pub-6200193111498313"
data-ad-slot="1999573490">

 

Features & Analysis

Envoy Concept 2017

Fouzul Hameed recently presented ‘Envoy Concept 2017’, at an exclusive and high profile gathering that to...

Australian actress Sharni Vinson shares Sri Lankan holiday pictures with followers

The Australian actress Sharni Vinson - famous for her roles in You're Next and Step Up 3D - is currently on holid...

Food and fun fair at Indian Cultural Centre

Indian Cultural Centre will be organizing a Food and fun fair on Saturday,  December 17, 2016 from 10 am to...

Dutch Burgher Union Christmas sale on Dec 4

The much looked forward to Dutch Burgher Union Christmas Sale is on  December 4, 2016 from 8.30  a.m.&...



style="display:inline-block;width:300px;height:250px"
data-ad-client="ca-pub-6200193111498313"
data-ad-slot="1999573490">