Lack of consistent policies block capital market growth
Chairman, Colombo Stock Exchange (CSE), Vajira Kulatilaka said that
for the economy to progress there should be national and consistent
policies that will help attract foreign investors and develop
He said the absence of transparent and consistent policies in the
country was a huge drawback to developing the capital market as foreign
investors look for stability in policies for long-term investments. “We
hope the new Government will be focused on consistency and create a
conducive environment for capital market growth,” Kulatilaka said.
He said maintaining discipline, law and order and a level playing
field in the country was vital to drive business growth. “We must
emulate the example of Singapore which treats all equally. A level
playing field in all sectors will encourage more investors to the
The policy makers should have a holistic view of taking the country
forward in the next five years. It should have a clear plan on driving
capital market growth.
The Government should encourage the public sector to be enterprising,
Federation of Chambers of Commerce and Industry of Sri Lanka
(FCCISL), Nawaz Rajabdeen said the new government should
restructure and rehabilitate the small and medium industries
by providing advanced technology, new machinery and a
special fund for research and development to support SMEs.
It should appoint educated and experienced
private sector personnel to public institutions without
nominating defeated candidates and those having criminal
records. A unit should be set up to showcase local products
in international markets with the support of the Export
Development Board which will increase quality, productivity
and encourage local industries, he said.
This election has proved beyond doubt that
no Sri Lankan will endorse communal politics. All
communities should work together in developing the economy,