Sunday, July 19, 2009

New scope for Malaysian investment in Sri Lanka

The defeat of the LTTE and the extended period of terror in Sri Lanka had opened new opportunities for investment in Sri Lanka said the Malaysian Prime Minister Dato Mohamed Abdul Razak in discussions with President Rajapaksa in Egypt yesterday (16).
The two leaders met at Sharm El Sheik where they had come to participate in the 15th Non Aligned Summit.

Prime Minister Abdul Razak who congratulated President Rajapaksa on the successful defeat of the LTTE and its terrorism, said that with the dawn of a new era of peace in Sri Lanka, he would recommend to Malaysian investors that Sri Lanka provided good scope for investment in many areas of enterprise.

The two leaders discussed South and South East Asian issues and the responses needed by the countries of these regions to the challenge posed by the global financial and economic crises, and the need to safeguard the people of the developing countries from the harsh effects of these crises.

President Rajapaksa expressed the need for a common position and pragmatic approaches by the Non-Aligned and developing countries to meet the challenges of Climate Change and Global Warming, which would adversely affect both South and South East Asia.

The possibility of improved activity in the areas of economic activity such as Tourism Development was also discussed.

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