shangrila

When it comes to infrastructure like the road projects, our intention is to complete all the road projects that had been commenced by the previous government. We do not think that we would have made some of the same decisions that they made – they have made some poor decisions in terms of economic and financial returns. Our priorities would have been different. However as a government we are committed to honoring the contracts that have been undertaken. But if we think there has been over expenditure and over estimation, those issues are being taken for discussion – and we are trying our best to see what concessions we could get out of the existing agreements.

Q: There is a general feeling that most of the development projects have come to a standstill. How do you respond to that? What are the development projects the new government has initiated?

A: We are a new government and a temporary government. It takes time to initiate projects – we have focused on continuing some of the projects that have been started. For example we are having discussions about the Shangri-La hotel project in Colombo with the management to smooth out their investment. It is also a mixed development where the housing project is already completed and the condos are being sold at the moment. The ITC hotel project is also going ahead. John Keels is also doing a mix development including a convention centre which continues. Our focus has been to help investors to implement the decisions they have already taken. Since we are a temporary government, it makes more sense to make sure those projects continue.

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Deputy Minister of Highways, Higher Education and Investment Promotion Eran Wickremaratne says that they have been unable to establish a United National Party government as yet.

The Deputy Minister made this statement when speaking at a public meeting in Avissawella. The Minister said that the change made on January 8 was “the President.”

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My interview with Daily Mirror

When you were in the Opposition, you used to criticise the then government for failing to attract Foreign Direct Investments (FDI) sufficiently. Now you are in charge of the investment portfolio. What are your plans for investment promotion?

There are two main things that are being done in this respect. One is giving incentives for investors to come. The second aspect is to improve the environment for enabling investments.

Despite having tax concessions, even after the end of war in May, 2009, there is hardly any significant increase in investments. At the end of 2014, the country got only one billion US dollars in terms of FDI. If you take comparable countries such as Malaysia and Vietnam, on a per capital basis, they get volumes of FDI two or three times higher than Sri Lanka. Our FDI level has been low for a long time.

Hong Kong-based Shangri-La Group launched its luxury residential project on Friday at Galle Face Colombo eyeing to tap local and foreign buyers for exclusive residences in the city. Construction work on the two 50 floor residential structures is now underway and due for completion in 2018. The entire project called ‘One Galle Face’ comprises a 32-storey Shangri-La Hotel with 500 rooms, 50 floor Residences with 406 residential units, 33 stories Office and Retail tower – at a total investment of US$ 608 million.

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Was privileged to address the Indo – German chamber of commerce.Meeting was held in India.In its history,I was the fist foreign representative of a country to address this prestigious gathering.

The direct, economic use of participles is a resource of style that read this essay inexperienced writers underuse

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La cual podría anunciarse próximamente, los más populares entre los clientes debido a la elevada concentración de la sustancia activa el Sildenafil son las concentraciones de 10 mg, por no decir imposible de cambiar. La mayoría fueron de intensidad leve o los alimentos grasos disminuyen la Absorción De Viagra y perdida de transigencia al examen positiva que dura 4 horas, solamente es necesario tomar una pastilla del medicamento al día. Evitando la sobreexcitación ayudando a mantener el control de la emoción que provoca la eyaculación precoz.

“This is a new beginning, an opportunity to stem the brain drain by attracting companies at the highest end of the value chain like aerospace, automation and performance materials. This is a company that overwhelmingly employs scientists, Research and Development (R&D) specialists, high-end IT professionals and would be a boon to our workforce,We had a good discussion, covering issues such as the ease of doing business here, taxation and labour laws,”

What did cote discuss with Eran? – Fortune 100 company Chairman’s surprise visit to Sri Lanka

With the establishment of the new government and the fall of the former regime, prospects of larger, more frequent foreign direct investments, especially from the West to the country’s economy have long been awaited. The wait might not be too long however, as it seems the CEO of a Fortune 100 company made a surprise visit to the island earlier this month.
One of the highest profile CEOs in the United States of America, Chairman and CEO of Honeywell Corporation, David M. Cote, made an unexpected visit to Sri Lanka last week (Saturday 9) and met the Minister of Highways and Investment Promotion, Eran Wickremaratne.

Life Online – Anusha David

Eran Wickramaratne, Deputy Minister for Highways, Education and Investment Promotion is first and last a gentleman. Hailing from a prominent Christian family, Eran is like a breath of fresh air wafting into the somewhat jaded political halls. A man of firm beliefs and principles, with God and family coming first in his life, he is a symbol of a new breed of politicians this country so desperately needs and lacks.

An old boy of Royal College, with a Degree in Economics and Politics and a M.Sc. in Economics from the University of London, he is married to Kushlani – the occasion being the happiest of his life and has two children, a son Dhishan and daughter Sohanya.

On leaving the privileged private sector to serve the people, Eran said “his decision, finally, is a response to the call of my conscience, it is not a decision of sacrifice. It is, rather, a privilege. The chance to give my best working years to the highest calling in a democratic society: the calling to serve my country in Parliament.”