Wed, 26 Jan 2022 Today's Paper

Transformed SL to an investment hub from a pariah state: PM

23 June 2018 05:10 am - 27     - {{hitsCtrl.values.hits}}

A A A

The ‘Yahapalana Government’ has been able to transform Sri Lanka from a debt-ridden, backward pariah state in the third world in 2015 to a respected, investment hub in South Asia by 2018 with a fast growing economy, Prime Minister Ranil Wickremesinghe said yesterday.

Mr. Wickremesinghe added that no one had any hope for Sri Lanka which was in a huge debt trap and no funds in the Treasury even for day to day expenses.

Participating as the ‘Guest of Honour’ at the launching of the ‘Entrepreneurs Paradise Loan Scheme – Enterprise Sri Lanka’ under the ‘Gamperaliya’ Rural Development Project at the BMICH yesterday, Mr. Wickremesinghe expressed his satisfaction on the achievements of the ‘Yahapalana Government’ on its sound economic management in the last three years.

“You all are aware that Sri Lanka was entangled in a debt trap when we took over the government on January 9, 2015. No one knew how we could escape it. But today, we have not only relaxed the debt burden to an affordable level and increased the exports and Foreign Direct Investment sharply as a result of our sound management of our economic fundamentals. As a result we have hopes for the future and the government has no problem in obtaining loans from foreign countries and global financial agencies,” Mr. Wickremesinghe stressed.

He said there was an unprecedented increase in exports and FDI in 2017. The government had launched the novel development project known as ‘Gamperlaiya’ to enhance family income among the rural sector in particular and accelerate the progress in the industrial sector making the national economy sustainable, steady and strong. (Sandun A Jayasekera)

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  Comments - 27

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  • neil alvis Saturday, 23 June 2018 05:31 AM

    but your friend is missing!!!!! get some advise from him - why not visit singapore on tax payer's money?mafia exists in parliament not anywhere else. this government must resign. the two leaders have proven that they cannot rule the country. the first thing this mafia govt should do is to recall all illegal guns .

    Ravi Saturday, 23 June 2018 05:45 AM

    But the CBSL said some foreign investors worth some billions of rupees withdrew their Treasury Bills/Bonds.Seems we are totally confused about out financial status.

    Waco Saturday, 23 June 2018 05:56 AM

    Baila , Baila, thavath Baila.

    Asoka Saturday, 23 June 2018 06:37 AM

    Does anyone believe a word this guy says?

    Citizen Saturday, 23 June 2018 06:54 AM

    We all know what you have done for the country. You will be remembered only for the Bond Scam.

    Tony Saturday, 23 June 2018 06:58 AM

    Wow PM so much investment is coming now rupee is so low to the usd and people enjoying so much benifits ..are u gone mad sir seriously....clound 9 syndrome...

    Sarath Saturday, 23 June 2018 06:59 AM

    With whatever other problems it has had, this government has managed to create a more investor friendly culture and democratized society somewhat, though people are abusing the new found freedom by having unreasonable protests and disrupting others l

    aj Saturday, 23 June 2018 11:12 AM

    Cow

    Panduka Gnanasena Saturday, 23 June 2018 07:07 AM

    He means high tax and plunder hub. The investments are Perpetual

    pariah paradise Saturday, 23 June 2018 07:09 AM

    Unfortunately, the pariahs in this pariah state want to continue to be pariahs under a pariah dictator. Having said that, at least a minority of us appreciate your efforts and your achiements. However, since pariahs are more common we urge you to make your the results of your efforts more tangible or you will be voted out by the pariah majority.

    Proud Pariah with common sense Saturday, 23 June 2018 10:14 AM

    Look everyone! here is somone who is smoking the same stuff our prime minister is smoking! So what was the figure on your cheque? The one you got from Arjun A. Please dont me you dont remember

    UNP voter Saturday, 23 June 2018 07:13 AM

    That alone is not enough for the local yokel. Arrest the former looters or face the consequences.

    Arnold Saturday, 23 June 2018 07:36 AM

    No major investment (foreign or local) has been made from Jan 2015, apart from the continuation of the Chinese white elephant projects started by the the former regime. Value of the currency is the most effective indicator of the the health of the economy. And everyone can see the situation of our currency.

    Bimal Saturday, 23 June 2018 07:36 AM

    Ha.. ha... nice joke... look at the capital market investments during past 3 years by foreign portfolio managers. Do you have the figures..

    sach Saturday, 23 June 2018 07:38 AM

    By making it a hub for black money? Cant anyone remember blacklisting SL as a destination for black money?

    Deepl Saturday, 23 June 2018 07:40 AM

    Who empied the banks after 2015? If this is a paradise island why cost of living is so high...

    Sam Saturday, 23 June 2018 07:57 AM

    Sounds like a different Sri Lanka to the one I live in.

    Sambo Saturday, 23 June 2018 08:24 AM

    Mr. Prime Minister, what is the investments that has come to the country as you promised. To invest in Sri Lanka now is even worse than before. You have to bribe so many people to get your investment going. Do you think investors like this procedure. Have you achieved your target of providing a million jobs.

    Nana Saturday, 23 June 2018 09:15 AM

    He seems to be living in a dream. None of what he said is happening. Share market is hopeless, economy recorded lowest growth rate in 2017 (within 16 years a s i remember). small increase in Exports but cutoff by imports increased more. Useless Govt Enterprises not yet reorganised and making bigger losses. Pls get lost...

    Wenkatha malli Saturday, 23 June 2018 09:16 AM

    Master, Sir, can you bring back that pariah ran away to Singapore and hand over to Police?

    Prakash Saturday, 23 June 2018 09:21 AM

    Deer PM can you at least name 5 new investments that were made and that generated employment.

    UPALI Saturday, 23 June 2018 10:57 AM

    wolkswagenisland wide wifityre manufacturing facility in MathugamaSorry other two i can't remember

    OBSERVER Saturday, 23 June 2018 09:58 AM

    WHO HAS INVESTED. OH YES, WOX VAGAN

    Anura Saturday, 23 June 2018 10:27 AM

    All talk no action! Kathawa dolawen gamana puying!

    Palli Kanda Saturday, 23 June 2018 11:04 AM

    Can someone send all these comments to him. He has got both now - deaf and blind.

    neil Saturday, 23 June 2018 04:14 PM

    what he is talking about? fast growing?, FDI?. Is he living in a dream? Or getting delusional

    Dilkie Saturday, 23 June 2018 06:43 PM

    Should be sent to the asylum. Talking rubbish.


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.