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* Sri Lanka Economic Summit to examine Ease of Doing Business
Tue, Jun 26, 2012, 08:03 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jun 26, Colombo: The Sri Lanka Economic Summit scheduled to be held will be held in Colombo from July 10 to 12 will examine the ground realities in doing business in Sri Lanka.

The Sri Lanka Economic Summit organized by the Ceylon Chamber of Commerce (CCC) for the thirteenth consecutive year, will have a session on 'Ease of Doing Business- Sri Lanka ranked 89- Fact or fiction?'.

The World Bank's 2012 Doing Business Report ranked Sri Lanka as 89th among 183 countries, moving it from 98 in 2011.

The CCC said the government has taken an initiative to improve Sri Lanka's ranking as global indices are often used by international investors to make an initial assessment of the country.

"While no ranking system is perfect and the same counts for the assessment of Ease of Doing Business, what is more important is actual progress in reforms to have a material improvement in the regulatory framework and systems to ease business processes," the CCC further said.

The Ceylon Chamber said the session will have senior government and private sector officials who will discuss reforms and other measures necessary to simplify systems and processes to do business.

C. J. P. Siriwardena, Assistant Governor, Central Bank of Sri Lanka will deliver the main presentation of the session which will be followed by a panel discussion.

Panelists from state sector include Sri Lanka Ports Authority Chairman Priyath Bandu Wickrama, Director General of Customs Neville Gunawardena, CEO of Information and Communication Technology Agency (ICTA), Reshan Devapura, while Deputy Chairman, John Keells Holdings Ajith Gunawardena, Shipping Manager, Unilever Sri Lanka Dinesh De Silva, and Managing Director, Haycarb Rajitha Kariyawasam, will participate from private sector.

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