Global retail business complex, challenging and demanding

13 September 2017 - 51   - 0


The global retail business is getting to be more complicated as consumers are becoming more demanding, according to Dr. Supachai Panitchpakdi, Honorary Chairperson, Central Pattana Thailand and the former Deputy Prime Minister of Thailand at the inauguration of the Sri Lanka Retail Forum 2017 held at the Cinnamon Grand Hotel in Colombo yesterday.
“We are doing a wonderful job to Sri Lanka and we want retailers to provide all the facilities including digital connectivity to consumers. We want to revive consumption expenditure and want consumers to spend wisely and enjoy shopping to be a part of lifestyle.” Sri Lanka is evolving into a hub economy in this part of the world together with retail business. Ties between Thailand and Sri Lanka has been strong over the years as theye share the same values, he said.
The event was organized by the Sri Lanka Retailers Association along with the Ceylon Chambers of Commerce and is the first event to be held in Sri Lanka.
Chairman of the Sri Lanka Retail Association Hussain Sadiq said any part of Sri Lanka can be reached with a simple communication structure with minimum barriers unlike in neighbouring countries where such facilities do not still exist to promote rural, regional and national retail business. “We want to bring high profile international speakers to Sri Lanka every year and want to connect with Thai, Singapore and Indian retailers with in the next five years.”
Murali Prakash, Association Vice President, said the organization began its official business in October 2016 and was able to achieve a great deal within such a short span due to hard work and interest shown by its members. “We hope to build consensus among us to push forward and develop retail trade in Sri Lanka to withstand global competition. “  (JJ)

  Comments - 0

  • Leave a comment

Top Stories

Justice for war victims remains elusive: US-lawmaker

Justice for most of the victims of Sri Lanka's civil war remains elusive, said US lawmaker Chris Smith. "Human Rights Concerns in ...

22 June 2018 - Views : 62

Three HC Judges appointed for new corruption court

22 June 2018

Gnanasara Thera granted bail

22 June 2018

Update : Policeman dies in shootout with armed gang in Matara, four suspects arrested

22 June 2018



Features & Analysis

Six new species of goblin spiders found in Sri Lanka

Fictional characters originally 'described' by famous English children's writer Enid Blyton have given th...

In pictures: Dialog 4G- The Sunday Times Schoolboy Cricketer Awards

The Sunday Times - Dialog 4G Schoolboy cricketer awards 2018 were held last evening. The break down of the re...

At a glance: Different Voices

 ‘The Voice’ headed by Ishan De Lanerolle recently staged the second edition of their concert &lsquo...

Hindi courses for children and adults

Swami Vivekananda Cultural Centre (Indian Cultural Centre) is announcing admission to new session of Hindi cours...