The Hon. Kathiravelu Shanmugam Kugathasan
Kathiravelu Shanmugam Kugathasan said raising outward investment limits indicates a shift from crisis management toward a growth-oriented strategy. He argued that Sri Lanka should adopt an automatic route for bona fide capital transactions, drawing on India and Singapore, and stressed that becoming a business and financial centre requires institutional reforms in addition to legal changes.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Please give me one more minute, Sir.
¶ 02 By raising outward investment limits, the Government signals a move from crisis containment to growth strategy. Yet this is only part of the wider reforms required to make Sri Lanka a true business and financial centre. Following India and Singapore, Sri Lanka should move toward an automatic route standard for bona fide capital transactions. To become an open economy like Singapore, we must prioritise institutional reforms alongside legal change. Thank you.
Provenance
- Source
- Hansard, Tuesday, 3 March 2026 ·No. 23335 ·English daily/uncorrected Hansard
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- not yet extracted — page/column anchors are not in the current dataset; the source PDF is the citable location.
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/lk/speeches/14878
Cite as: The Hon. Kathiravelu Shanmugam Kugathasan. 10th Parliament, Parliament of Sri Lanka. Hansard, 3 March 2026. No. 23335. Politick, https://staging.politick.io/lk/speeches/14878