Business Today Sri Lanka - August 1999

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I want an economy that will bring prosperity to all citizens of the country and freedom from poverty. I will take bold and innovative steps to fulfill this promise, says Ranil Wickremesinghe, Leader of the Opposition and UNP Leader.
The Directors of Singapore Airlines Limited announced a proposed scheme to merge the trading of local and foreign shares and a Share Buy Back Scheme.
An increase in competition from regional ports, followed by a decline in import-export cargo, has contributed to negative growth in the transshipment activity of the Port of Colombo.
I think the world will soon see developing countries at the forefront as they compete in the global economy, says Shengman Zhang, Managing Director of the World Bank.
We believe that ownership and participation of all key stakeholders in the design of a country's development agenda is critical for its success, explains Mariana Todorova, Country Director, Sri Lanka.
There is an important regulatory role for the government to play in sectors with private monopolies or insufficient competition, says Roberto Bentjerodt, Former Country Director of Sri Lanka.
The 39-story World Trade Center, whose twin towers have given the city of Colombo's skyline a cosmopolitan, futuristic look, is a focal point for business and pleasure by day and night.