Insists tourism can drive growth but flags off coronavirus impact reiterates healthcare becoming indispensable in SL Says tax cuts will give significant fillip Business leader and
He saidSoftlogic's heavy investments in retail, healthcare and Quick Service Restaurants (QSR) have been made during the year despite the challenges of poor market sentiments, waning consumer demand and the shock of the Easter attacks. table " border="0" cellpadding="1" Ashok Pathirage "This involves courageous leadership which foresees that with the new political equation the economy would be galvanised with tourism occupying a major thrust in the Government's agenda for ensuring that the country becomes a regional shopping destination," said Pathirage, who is also the new Chairman ofSriLankan Airlines .
"Notwithstanding this, the unforeseen coronavirus would no doubt impact global tourism," he said adding the "psychological pandemic, nonetheless, would have to be controlled with a sense of urgency". Pathirage said
"On the other hand, any pandemic of significance would result in the healthcare sector becoming indispensable for the country," added the Chairman of
Nonetheless, he pointed out that the new Government's pro-business decision to reduce the tax burden for corporates while also reducing interest rates will give a significant fillip to future corporate earnings.
© Pakistan Press International, source