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Tue, 16 September 2014 09:53:06
Sri Lanka honours war-time investors
07 Nov, 2012 09:33:27
Nov 07, 2012 (LBO) - Sri Lanka is to recognize foreign companies which invested in the island during the height of two rebellions by leftwing youth and Tamil Tiger separatists that almost wrecked the economy.
The 'Global Commerce Excellence Awards 2012' will recognize 150 international companies for their contribution to the national economy during the 1985-2009 period, a statement said.

It follows a similar awards ceremony held in 2011 where large Sri Lankan corporates, chambers, government institutions and individuals were recognised for their contribution to the national economy during the period.

"It was the risks and challenges taken by the Sri Lankan business community that withstood the threat and moved the country forward with difficulty," the statement said.

"However, last year the organisers could not accommodate international business partners that continued to help and believed in the Sri Lankan economy due to the fact that the numbers were too large."

Sri Lanka's long running civil war began in the early 1980s in the north and the separatists were defeated in 2009 while a rebellion by southern mainly Sinhalese leftwing youth in the late 1980s was crushed in about three years.

"The Global Commerce Excellence awards will be the first of its kind to honor international companies and chambers that were present in Sri Lanka before the war ended in 2009 and helped to create jobs and economic activity against all odds during the terror period," the statement said.

Companies and chambers involved in investment, manufacturing, export, aviation, shipping, banking, tourism, telecommunication and logistic services are to be recognised.

This year's awards, organised by the Central Bank, other government organisations like the Board of Investment and the ports and airport authorities, along with the Shippers’ Academy Colombo will be held on December 13.

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READER COMMENT(S)
1. Shaik Anwar Ahamath Nov 09
Whilst it is arguable that big corporations invested for commercial reasons, the small individal investor who risked his savings investing in Sri Lanka at the height of the conflict and with little commercial knowledge was in the main for altruistic reasons. If anybody deserves rewarding, it is these people.