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International Information and Communications Technology Firm

At exactly the same time, delays within the ability of its fiscal authorities to wean on their own away from central bank funding of the budget deficit also signify a formidable obstacle for improving inflationary expectations and reducing pressure around the Pakistani Rupee, 3. Lack of good governance, war on terror and decline in investments would be the main challenges faced by national economy and strong political commitment is required to steer the nation out from the current economic crisis. SRI LANKA BUSINESS OPPURTUNITIES With the gradual improvement from the security and safety situation, arrival of foreign visitors to Sri Lanka has increased by 28% in July 2009 compared towards the corresponding time period of the previous year. According to IMF latest report: Sri Lanka's economy will grow 5.5 percent in 2010 due to improving domestic demand and potential export development following the 25-year war ended in 2009 and as global recovery takes hold. 1. Aitken Spence, 1 of Sri Lanka's top hotel firms, has resumed talks with Six Senses Spas, an worldwide spa chain, on building an up-market resort around the south-west coast near Ahungalla, a prime beach resort where it has two hotels and Trans Asia Hotel has been refurbished and reframed as Cinnamon Lakeside Colombo. 2. There have been a number of other initiatives by business organizations including signing of an agreement by Suntel Ltd with Orient City - 1 from the largest IT parks under construction to supply an sophisticated data communication solution, an investment of US $10 Million by Dialog Telekom for your development of mobile telecommunication infrastructure within the Northern Province linking the war ravaged province with rest from the mobile network within the country. 3. Initial actions taken by the Worldwide Organisation for Migration (IOM), to establish eight rice processing centers in Batticaloa district through a project funded by the Australian Government's Aus AID programme, and setting up of two s state-of-the-art chilling centers in Trincomalee district by Nestle Lanka directly benefiting the local rural communities. CHALLENGES 1. Poor governance can be viewed as a major constraint to the improvement of a country.

Through a brief political history of Sri Lanka this section will demonstrate the linkages present in a quantity of government problems that have hindered the development of Sri Lanka. Sri Lanka's income inequality is severe, with striking differences between rural and urban areas. About 15% from the country's population of 20.2 million remains impoverished. The effects of 26 years of civil conflict, falling agricultural labor productivity, lack of income-earning opportunities for the rural population, high inflation, and poor infrastructure outside the Western Province are impediments to poverty reduction. 2. Sri Lanka depends on a strong global economy for investment and for expansion of its export base, and the international slowdown is a significant worry. It hopes to diversify export products and destinations to create use from the Indo-Lanka and Pakistan-Sri Lanka Free Trade Agreements, GSP Plus treatment by the European Union, as well as other regional and bilateral preferential trading agreements. BHUTAN BUSINESS OPPORTUNITIES 1. Various companies, including hydropower, banking and minerals, will join together in Bhutan in the countries new grouping of fourteen businesses striving to promote development in the countries private sector.

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