Role of business sector

According to the World Bank, Sri Lanka is the third slowest growing economy in the south Asian region
in 2020. Which is increased growth in 2011, 2015, 2016 Monitory policy and fiscal policy is loose.
Growth in final consumption expenditure highlight the economic cycles in the Economy. It Means
Consumption is Growth and also when we comes To Election Time basically Consumption is Growth.
2011 is the high Growth Year in Consumption over the past few years.

Many Companies Rank in the top companies. As he shows the LMD HAYLEYS Company Is Top of the
Table. So if we come to commercial bank in 5th in 2017 and 2018 but 2018/2019 they will up in 3rd
place while Commercial Bank uses new technics.

When it’s comes to SME in Private Sector, 52% will be contribution to the Countries GDP by SME in
total number of employment by 45%. The highest number of Person engaged in Micro System due to
distribution of establishments by economic sector and scale service will be the highest percentage.

There each to pay them unique role at the patent policy and some could be in different mind-set. All of
the private sector involved in ass an association in terms of government policy and frameworks.
But all these players in the market become to be associations all of them have similar kind of problems,
when we doing business in Sri Lanka. Policy stability, tax rates, labour issues these are some of reasons.
Where can be private sector come together it should be harmony of truth. Private sector looking for the
risk investment returns. At the end of goals are really incense you need to get growth and you need to
increase government revenue.
As the presentation, basically growth rate at the come up 2019 in the much. And terms of capital are
really sustainable which mean, if you look a capital income district vice is only two districts really go
above threshold all there are bellow in we can really classify.
The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by all United
Nations Member States in 2015 as a universal call to action to end poverty, protect the planet and ensure
that all people enjoy peace and prosperity by 2030.
The 17 SDGs are that is, they recognize that action in one area will affect outcomes in others, and that
development must balance social, economic and environmental sustainability.
Through the pledge to leave no one behind, countries have committed to fast-track progress for those
furthest behind first. That is why the SDGs are designed to bring the world to several life-changing
‘zeros’, including zero poverty, hunger, AIDS and discrimination against women and girls.
Chairman, distinguished members and friends, I would like to thank you for inviting me today to deliver
the keynote address at the 172nd Annual General Meeting of the Ceylon Chamber of Commerce.

The private sector has been a longstanding partner of Sri Lanka’s development even through tough times
and deserves a pat in the back for engaging with the Government from the colonial times, through
independence, a three-decade long conflict, financial crisis and now in the process of moving into a
middle income country. Reading the CCC’s latest annual report, I found the theme ‘Practical, Effective,
Development’ very topical and timely for Sri Lanka in the current point of history.
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