A guide to TRAIN (Tax Reform for Acceleration and Inclusion)
International Development Firm
1. International Development Firm
There have been a number of other initiatives by business organizations including signing of
an agreement by Suntel Ltd with Orient City - 1 of the largest IT parks under construction to
supply an advanced data communication solution, an investment of US $10 Million by Dialog
Telekom for the improvement of mobile telecommunication infrastructure in the Northern
Province linking the war ravaged province with rest from the mobile network in the nation.
3. Preliminary steps taken by the Worldwide Organisation for Migration (IOM), to establish
eight rice processing centers in Batticaloa district through a project funded by the Australian
Government's Aus AID programme, and setting up of two s state-of-the-art chilling centers in
Trincomalee district by Nestle Lanka directly benefiting the local rural communities.
CHALLENGES
1. Poor governance may be viewed as a significant constraint to the development of a nation.
Through a brief political history of Sri Lanka this section will demonstrate the linkages current
in a quantity of government issues that have hindered the improvement of Sri Lanka. Sri
Lanka's income inequality is severe, with striking variations between rural and urban areas.
About 15% of the country's population of 20.2 million remains impoverished. The effects of
26 many years of civil conflict, falling agricultural labor productiveness, lack of income-
earning opportunities for your rural population, high inflation, and poor infrastructure outside
the Western Province are impediments to poverty reduction.
2. Sri Lanka depends on a strong international economy for investment and for expansion of
its export base, and also the global slowdown is a significant be concerned. It hopes to
diversify export products and destinations to make use of the Indo-Lanka and Pakistan-Sri
Lanka Free Trade Agreements, GSP Plus treatment by the European Union, and other
regional and bilateral preferential trading agreements.
BHUTAN
BUSINESS OPPORTUNITIES
1. Numerous businesses, including hydropower, banking and minerals, will join with each
other in Bhutan within the countries new grouping of 14 businesses striving to promote
growth in the countries personal sector. The government has either a full or partial stake in all
of the companies.
2. An arrangement was signed in between Bhutan's Planning secretary, Karma Tshieem and
Henrik Neilson, head from the Danish liaison office, to supply Bhutan with DKK140 million.
The cash is for the 10 year plan within the well being and education sector. The majority of
the money, 76 percent, will go in the direction of assisting the health and education sector,
2. whilst 11 percent will probably be allotted for vocational training. Denmark has been
providing help to Bhutan's well being sector since 1989 as well as in 2003 began helping the
education sector.
3. Bluewater Systems secured a offer to supply Bhutan Telecom with new back-up methods,
that will attempt to relieve the decade old system of monks traveling across the Himalayas
carrying magnetic tapes to the capitol of Thimphu. Bhutan and New Zealand are the only
countries therefore far to have installed Bluewater systems.
CHALLENGES
1. Unemployment - The current rate is 3.7% and is still increasing. This has led to raises in
numerous youth related problems in urban centers.
2. Education - The education sector has been riddled with many issues in 2008. Our
seemingly 'trail and error' approach hasn't improved anything.