Govt yet to reverse economic blunders –JVP leader
The Government failed miserably to reverse the
economic blunders committed by the previous Government which is
detrimental to the economy, JVP leader Anura Kumara Dissanayake MP
told the Sunday Observer. He said that the interim budget presented
by the Government is not a comprehensive analysis of the economy but
rather a manipulation of prices to satisfy the wishes of the people.
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Make H'tota, Mattala viable
The Hambantota Port and the Mattala
International Airport are a colossal loss to the country as there
were no proper research and consultation before embarking on these
projects, Chartered Institute of Transport and Logistics (CILT)
Chairman Niral Kadawatharatchie said. He said that if these projects
along with some of the other mega development projects launched by
the previous government were done with proper feasibility studies
and expert consultation it would have been commercially viable and
beneficial to the country.
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Call for proper free market system:
To bridge income disparity
The need for Sri Lanka to open its economy with
a proper free market system to ensure economic growth in the country
was highlighted at a seminar in Colombo. Sri Lanka should have a
proper free market economy if it is to bridge the income disparity
and stimulate growth, political scientist Dr. Tom Palmer told a
seminar in Colombo last week.
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More wind power plants to be set up
Sri Lanka could sell renewable energy to India
as the wind power potential in the country is huge. This process
does not need technical skill, but political will, Chairman and
Managing Director, Gamesa Lanka, Ramesh Kymal said. "Our company
could support the Sri Lanka policy initiative to use 100 percent
renewable energy by 2030 as the country has a potential of 20,000 MW
of wind power.
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‘Business with India should be reciprocal’
The government has taken steps to facilitate
higher trade volumes between India and Sri Lanka and extends a warm
welcome to investors to set up industries, Finance Minister Ravi
Karunanayake told the Annual General Meeting of the Indian CEO Forum
(ICF) in Colombo last week. “We like to see more Indian investors
doing business with Sri Lanka. The government has formulated a
conducive environment and policy framework to conduct commercial
operations in an effective manner,"
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