George Soros looking at investment opportunities in Sri Lanka
Jan 07, 2016 (LBO) – Global investor George Soros said that his team is in the Island and are looking at investment opportunities.
“In addition to my people connected to the Open Society Foundation, my investment person is also in Sri Lanka to look for opportunities,” George Soros, a global investor and Founder Chairman of Open Society, said.
“I am impressed with this government and what they have achievement in a short period of time.”
He was speaking at an economic forum in Colombo with Sri Lanka's President, Prime Minister and other senior officials in attendance.
He also said that there were opportunities for Sri Lanka in tourism.
“Sri Lanka is a bright spot and I think there is great opportunity in tourism.”
However he said that external global environment will be hostile in the future and that funds would flow out of developing countries.
"Money is no longer coming to developing countries and harsh choices will have to be made instead of waiting for things to get better," he said.
“The world is now in a deflationary situation and developing countries that benefited from the commodity boom will not be able to do so any longer.”
Interest rates in the United States going to positive territory the trends may get stronger, he added.
The mere fact that Soros is looking at investing in Sri Lanka, could increase country risk premium of Sri Lanka. Cannot understand the logic of chasing away James packer and welcoming this man into the country. At least James packer could have build hotels and created jobs, This man will only use insider info and plan how he could profit from destabilizing sri lanka’s financial market.
I agree and it is unbelievable they chased out Packer and put red carpet to Soros, They scrap Port city project yet they want to build Megapolis…..
It would be great to know in what world are you living in?
When did they scrap the Port city? last time I checked they are adding the Port City to Megapolis masterplan
The Project has stopped for good part of more than a year, May be you are the one who needs to wake up from deep sleep. Everything, including the land fill is eroding to the sea day by day, CPHE calculated the losses at least a million dollars a month due to suspending the project by GOSL. This project was a joint venture, that means GOSL can’t add or modify the project without the consent of Chinese counterpart, and do you really think Chinese are going to dance to the chimes played by hostile administration like Sirisena’s. I can understand political kowtowing but stop being delusional and stop taking the red pill…..
The Project has stopped for good part of more than a year, May be you are the one who needs to wake up from deep sleep. Everything, including the land fill is eroding to the sea day by day, CPHE calculated the losses at least a million dollars a month due to suspending the project by GOSL. This project was a joint venture, that means GOSL can’t add or modify the project without the consent of Chinese counterpart, and do you really think Chinese are going to dance to the chimes played by hostile administration like Sirisena’s. I can understand political kowtowing but stop being delusional and stop taking the red pill…..
if u take the 30 richest (on available info) people in the world , there are 9 people below 60 years of age and 7 over 80 years of age. Soros is 85.
sri lanka shud look at attracting the younger guys like the owners of Microsoft, Google, Facebook etc., rather than just looking for the money!!
Forbes has a list called 40 under 40, these are the guys we should invite. These all the brightest/richest guys -founders Uber, Facebook, Whatsapp etc. We should invite them for an expense paid holiday and see who is interested.
Not to the frogs in well who worships any white skin they can find. Soros is accused now of funding the regime change in Ukraine. I have an fair idea how Ranil and he made friends!
Soros is well known for meddling in small nations for financial gain. He also has a perverse political agenda.
Mr Soros please don’t invest in our stock market. We will be left with nothing if you play your manipulative games in CSE.
George Soros isn’t all that bad, In 1987 he wrote a book “The Alchemy of Finance”. A must read for any finance enthusiast, one of the best books ever written about global finance. In my view it is only second to “Intelligent Investor” by Ben Graham in terms of content richness. I don’t think he will invest in Sri Lanka as government expected, couple months ago they brought Marc Mobius to Sri Lanka. And a week ago I read on Bloomberg that Mobius isn’t really impressed about Sri Lankan Markets and economy. But be careful with Soros, only thing predictable about the guy is he is unpredictable…..
“I am impressed with this government and what they have achievement in a short period of time.” ?????This government did non initiate the development we see in the country today. So lets make that clear. Tourism has the potential for many developments, but John Amaratunga is the wrong man for the job. I returned to Sri Lanka from the U.S with the idea of making a contribution to the country, however after dealing with two incompetent governments, I am now heading back to the U.S. Sri Lanka has a brain drain, and until this is stopped, Sri Lanka will not be able to execute any strategies as we need talented people to run the show. The government is talking about brain gain, but I ask the powers to be, what can you offer those returning to Sri Lanka? I see all this exposure in the media as pure propaganda, with a slim chance of getting Sri Lanka to be a destination that has the power to bring high value tourists and not just the cheap Indians and Chinese, and then do press release after press release to say that arrivals are up compared to last year.
Dhas, your quadriform state will take exactly 100 years to set up, because all the rotten people in the positions you have mentioned
So it’s time to Soros to spend few millions to buy that blue sapphire in Sri Lanka.