Mon, 06 Feb 2023 Today's Paper

Unregulated spending on infrastructure development not wise: SF

15 September 2016 02:45 am - 9     - {{hitsCtrl.values.hits}}

A A A

Regional Development Minister Sarath Fonseka yesterday warned that it was not wise to invest colossal amounts on infrastructure development just to get a political advantage as Sri Lanka was still a poor, debt ridden country.

Minister Fonseka said his ministry expected to encourage investors to invest in areas away from the townships.

While participating at the launch of an exhibition in Colombo, Minister Fonseka said Sri Lanka should cut down on imports while encouraging exports to save as well as earn foreign exchange.

He said the present government had created an environment where the business community could engage in their business activities without any obstacles being placed in front of them.

“The President and the Prime Minister have formed a national unity government, established democracy and ensured human rights in a country where everyone can work freely. The rule of law and justice prevails in the country today and this has enabled the people to do business without offering bribes or being held to ransom,” he said.

Minister Fonseka said the government was making a sincere attempt to pull the country out of a large hole where the economy was collapsing as a result of the fake development projects launched by the previous regime after obtaining colossal loans at interest rates that were very high. (Ajith Siriwardana)


Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

  Comments - 9

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka
  • Sri Lankan Thursday, 15 September 2016 07:23 AM

    Likewise, do not purchase luxury vehicles at our expense!

    Thanos Thursday, 15 September 2016 08:30 AM

    How about NOT spending 50 million on a fancy car for yourself using taxpayer money? That would be a nice gesture.

    j$R0m$ Thursday, 15 September 2016 09:14 AM

    i think theres a typopresent (previous) government had created an environment where the business community could engage in their business activities without any obstacles being placed in front of them.

    Citizen Thursday, 15 September 2016 10:06 AM

    When you open your mouth you only have personal vendettas to talk about

    Ramith Gomes Thursday, 15 September 2016 10:53 AM

    Is it okay to buy a luxury for you from poor tax payers money? Just asking.

    adamsapple Thursday, 15 September 2016 10:53 AM

    Yes we know that you would prefer not to spend any money on developments or rather not to carry out any projects or work benifited to the people.. After all you did not came to power by peoples vote.. so you do not owe them anything...

    Kiris Baba Amaray Thursday, 15 September 2016 11:03 AM

    You are correct Sir, MR got huge loans from China for higher interest and built bridges and laid Highways to develop his wealth with commissions and for political gain, but he had burdened the country

    Desmond Jeromme Thursday, 15 September 2016 11:15 AM

    How about Namal did he buy the Super Luxury Ford Car for 2-3 million? please don't conn man.

    Vijith Pieterz Thursday, 15 September 2016 11:16 AM

    Hay don't insult the Legend who defeated LTTE. Even if he is provided with a car worth 50 million, still it is worth and reasonable.


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




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Pain and punishment

Should we spare the rod and spoil the child? Does it really happen? Children

Health System in the emergency room

Sandya Kumari from Kotahena has been experiencing chest pains since 2015 and

Canada’s targeted sanctioning of Gota and Mahinda

History was made last week when two former executive presidents of Sri Lanka

SC judgement on Easter attack: Court rules negligence stood in the way of avoiding most heinous crime

“On the ill-fated day of 21st of April 2019, this island home was awoken ru