Clarity is vital for Sri Lanka’s economic resurgence: MAS Chairman Mahesh Amalean

Mahesh-Amalean

July 23, 2019 (LBO) – Clarity is what gives businesses enormous strength, direction and focus in a challenging environment to regain and sustain economic resurgence, says Chairman of MAS Holdings, Mahesh Amalean.

Speaking about Sri Lanka’s current economic context at a panel discussion organized by the Ceylon Chamber of Commerce recently, he highlighted that the constitutional crisis and the Easter Sunday Attacks, have together created confusion and lack of confidence about the country’s collective leadership.

“Businesses playing a role in regaining and sustaining Sri Lanka’s economic resurgence is of great relevance, especially as the country is experiencing a feeling of uncertainty and challenges,” Amalean said.

According to Amalean, the detrimental impacts of the recent incidents are so visible, that the numbers speak for themselves.

“For instance, if we consider our GDP growth rate, at the beginning of the year it was projected to be around 4% for 2019,” he said.

“However, with these unfortunate incidents, the growth rate for Sri Lanka has been downgraded to be between the range of 2.5% to 3%, the lowest for the past 18 years,”

What can be done to address these issues and how does one regain and sustain economic resurgence? For Amalean, the solution is simplicity itself: to have clarity, be focused and to never let negatives pull you down.

“As a business, what we have done is to look at the next two years to strengthen our core business. We need to build internal strength. I believe clarity gives us enormous strength, direction and focus in a challenging environment.”