Pivithuru Hela Urumaya (PHU) General Secretary MP Udaya Gammanpila today said Sri Lanka would be faced with a great economic collapse in future, even though the government had announced in the 2017 Budget that there would be a positive turnover in the economy of the country next year.
Addressing a media briefing, MP Gammanpila said three main international companies had predicted that the Sri Lankan economy would be collapsed in the future, according to the sequential investigations made by them.
“Fitch sequential has stated that the Sri Lankan economy is decreased to B+ from BB and it would be a risk to the country. The Greek’s Fitch ratings are also the same. This means the risk of a breakdown in the country's economy,” he added.
MP Gammanpila said the investors of the stock market would wind up Sri Lanka because of the pathetic economic condition prevailing in the country: “There would be no direct investors from the international market to invest in Sri Lanka with the current economic collapse in Greece. Will they once again invest their funds in our bonds?” he added.
He said the Standard and Poor's company has also stated Sri Lanka as a country which had risked the B+ stability and added that the Moody’s company has also announced Sri Lanka as an economically risked and negatively impacted country in the near future.
Yes. It is very correct. But not our future, some elements including corrupted politicians
Jagath Leanage Monday, 14 November 2016 05:07 PM
What he wants is that . We are very unfortunate to have such people in our country . If there party is not ruling he wants ,country to go down .
yeahbuddy Monday, 14 November 2016 05:07 PM
Yeah , thanks to you and your boss.
Gona Monday, 14 November 2016 05:23 PM
The govt should start collecting Rs.100/- from each citizen like he did and our economy will be revived....:
Tissa Monday, 14 November 2016 05:34 PM
We dot want our children to mortgage to a foreign country on commercial bank interests rates even when your leaders wasted funds unnecessary. via DM Android App
Labby Monday, 14 November 2016 05:41 PM
Where's this guy working,.. at the Met Dept.?
Sarath Monday, 14 November 2016 05:42 PM
No one is interested in your lies Mr. Hundred Rupee collecting pachoris!
nuwan Tuesday, 15 November 2016 07:29 AM
Yes yes Gembanpillai, u get ur horoscope read, ur future looks gloomy! Stay away!
Shelly. Monday, 14 November 2016 05:47 PM
Any one or any political party when not holding power make alarming comments as has done bye Gamma here. Those holding power try to do what ever possible to manage things. And of course rob when got a chance. This is the nature. We have to wait and see without getting panicked. via DM Android App
B S Perera Monday, 14 November 2016 06:05 PM
What other can we expect with MPs like you?
jehan Monday, 14 November 2016 06:21 PM
when people like you and weerawansa are in politics yes its a high probability via DM Android App
Jonklaas Monday, 14 November 2016 06:28 PM
Gammanpila is a prophet of gloom when Alibaba is not in power. via DM Android App
Waco Tuesday, 15 November 2016 08:56 AM
Sri Lankans are idiots to vote these currupted politicians to power.
Yeti Monday, 14 November 2016 06:33 PM
With dooms day prophets like everything here is gloomy!
TONY Tuesday, 15 November 2016 09:18 AM
THIS COUNTRY'S PARLIAMENTARIANS ARE WORKING ONLY FOR THEIR OWN BENEFIT ALTHOUGH THEY TALK ON BEHALF OF THE POOR. SO THIS COUNTRY CANNOT BE DEVELOPED WITH PEOPLE LIKE UG AND HIS JO CRITICIZING ALL PLANS OF THE GOVT
Gamarala Monday, 14 November 2016 07:12 PM
Your future is gloomy when allegations of your cheating and corruption case is heard in courts soon.
Wikileaks Tuesday, 15 November 2016 10:11 AM
Its already gloomy
Gamaya Monday, 14 November 2016 08:00 PM
The Great Curruption and Cheating case has to be subdued for you to speak freely of others in curruption until then please shut up.
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