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Why I Love Technology

Jeggan Rajendram's picture

"Phones today are more powerful than computers I used as a kid, apps become increasingly awe-inspiring and problems are solved everyday using technology."

Technology excites me so much I get goosebumps just thinking about how cool it is, and how much cooler it will be with every passing year.

When we started the first daily deals company in Sri Lanka, we took the risk of starting a large scale online business in Sri Lanka and it wasn't without its problems. Many questions came up; isn't the internet penetration too low? Isn't credit card penetration too low? Wouldn't people be afraid of buying things online?

Connecting Sri Lankans to Prosperity

Eliana Cardoso's picture

The presidential election in Sri Lanka this January resulted in an easy win for the incumbent Mahinda Rajapakse. The end of the long lasting civil conflict with Tamil separatists, strong remittances and an IMF agreement boosted investors’ confidence. Foreign exchange reserves recovered from about one month of imports in the first half of 2009 to six months of imports by January 2010.

Now that the war is over and the global economy recovering, the government needs to grasp the opportunity to do the right things and avoid hurting confidence in the country’s stability, which is key to the rise in foreign investment and tourism.

The bad news is that the withdrawal of GSP Plus by the European Union countries can hurt industrial exports. The EU decision is worrisome. Thanks to the increase in manufacture exports from 6 percent of total exports in 1975 to 60 percent in 2005, firms began to lead Sri Lanka‘s connectivity with the rest of the world.