Friday, June 19, 2009

Sri Lanka May Become ‘Hong Kong of India’ After War

Finally, an article that reflects the optimism that at least I personally feel is now common here in Sri Lanka.

Here's a small excerpt:
June 18 (Bloomberg) -- Sri Lanka’s economy can bounce back from its weakest growth in six years and become the “Hong Kong of India” as the end of almost three decades of civil war boosts business opportunities, HSBC Private Bank said.

Decades of fighting on the Indian Ocean island shackled its $32 billion economy, which according to figures released yesterday expanded 1.5 percent last quarter from a year earlier as the global recession intensified the slowdown. Ports, retailers, apparel and tea exporters could lead a recovery after the Tamil Tiger rebels were defeated last month.

“The rebound will be spectacular,” said Arjuna Mahendran, the Singapore-based chief investment strategist for Asia at HSBC Private Bank, which oversees $494 billion in assets. “To start with, Sri Lanka’s location gives its port a natural advantage.”

Its interesting that the entire Sri Lankan economy is less than 1/3rd of IBM's annual's revenue. If that elephant can dance, so can we.

3 comments:

Supun Kamburugamuva said...

As Sri Lankans if we wait everything to happen automatically not doing much, what is described here will never happen. I guess we have to seize this opportune moment by working hard.

dammi said...

Of course, Yes! Do you know what is the main income in Sri Lanka? Ponna Mahinda send every Sinhala women to Middle east. in Midle east, Keri Ambayo, Ponna Arabiyo Ukanawa ape gehanunta. all of middle east county fucking hard to Sinhala women, Mahinda send very happly. Ponna wesika puththa.

in Hong kong Sinhala women doesn't like Sinhala kollo. Because Sinhala kollange Polla podi. But Pakistan, Indian, African BANA is very big.

Hei! Ponna Sanjiva Weerawarana evilla balapan Hongkongwala sinhala genu pakkonge paka walata vasivela uththo. mewage salli oyalatha rata dhivunuwenda yanne? ane pako!! Umbe genivath yawapan hongkongwalata african karayekwa hoyala dhennam. davas deken kimba mayabokkuwa vage loku karaganna onenam.

ratewate inna evun ukala thama anthimethi umbalata ukanna venne. umbalata Londha thama.

PRADEEBAN said...

Thank you Sir for sharing this article and for the optimistic thoughts. The article gives some positive energy to go ahead together towards a better tomorrow.

Regards.