Business

Billionaire George Soros wants to invest in Sri Lanka

7 January 2016 - 1939   - 3

Billionaire investor and philanthropist George Soros on Thursday exuded confidence in Sri Lanka and said he wanted to invest in the once, war-torn country.
Taking part in a high-level economic forum in Colombo, he said his team was looking at investment in the country and also social projects. The decision by Soros, who has drawn both accolades and controversy over his ‘investment’ involvement in many countries, will boost Sri Lanka’s hopes of driving more FDI. Economic analysts said many international investors are likely to follow Soros, whose investment decisions are closely followed by the international investment community.
Soros told the forum, inaugurated by Prime Minister Ranil Wickremesinghe and including Prof. Joseph Stiglitz, an award-winner economist among other high-level participants, that he was impressed by the changes in the country after the new Maithripala Sirisena-Wickremesinghe government was installed. 
He said the country should leapfrog to a knowledge-based economy from an agriculture base. (Bandula)

 

 

  Comments - 3

  • Athula Friday, 8 January 2016 02:00 AM

    this guy wil destroy sri lanka

    Reply : 0       1

    Dr Lakdasa Gunathilake Sunday, 10 January 2016 04:31 AM

    One has to be extremely vigilant as this may end up as Trojan Horse. Soros's empire is bigger than the economy of Sri Lanka and many other nations. His only interest is rape and pillage and the economist of the countries have been left captive after he has decided time to exit or when the government of the day did not two the line. The well publicised spat was that with Mahtir Govt of Malaysia Will Sri Lanka have the forage, knowledge and capacity to deal with Soros antics?

    Reply : 0       2

    Edward Sunday, 10 January 2016 06:27 AM

    According to Malaysian experience please don't allow him to invest in Stock Market. He may be a bargain hunter

    Reply : 0       2

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