Harry urges policy makers to ensure a healthy balance of payments scenario

Harry Jayawardena, Chairman of Browns Beach hotel PLC Urges policy makers to ensure a healthy balance of payments scenario through careful fiscal measurement, fiscal planning and policy making, and the management of interest rates and Rupee devaluation. “The year ahead is likely to be an extremely challenging one for the industry, we will continue apace with our growth plans. We are hopeful for the restoration of normalcy post-Easter attacks and note with relief the softening of travel advisories issued by key source markets in the immediate aftermath. Our investments in enhancing guest experiences through state-of-the-art technology will continue during the coming year.” “Sri Lanka’s GDP is expected to grow at 3.5% in 2019, and is slated to move to 4.8% by 2024. I urge policy makers to make every effort to ensure a healthy balance of payments scenario through careful fiscal measurement, fiscal planning and policy making, and the management of interest rates and Rupee devaluation,” Jayawardena told shareholders in its 2018/2019 annual report.

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