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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2402

President Rajapakse cuts out red tape to promote Korean inve

[b]President Rajapakse cuts out red tape to promote Korean investors[/b]

[b]Colombo, 25 March, (Asiantribune.com):[/b] President Mahinda Rajapakse moved swiftly yesterday to facilitate the Korean investors proposing to build a multi-million dollar hospital project by cutting through red tape and bureaucratic delays.

The Korean investors were about to pull out of Sri Lanka and take the project to Vietnam, when the President intervened to promote the Korean investment in Sri Lanka. Instructions were given to both the Board of Investment Chairman and officials of the Urban Development Authority (UDA) to settle a land dispute on which the hospital is to be built.

After the presidential intervention both Lakshman Watawela, chairman of Board of Investment, and top officials of the UDA contacted the local partner, Chrisantha Mendis, to settle the dispute. These officials then rushed him to a land at Nawala for him to inspect the property.

http://www.asiantribune.com/show_news.php?id=17421

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