Tue, 16 Aug 2022 Today's Paper

SL must rethink economic policies: Ranil

12 October 2011 02:15 pm - 2     - {{hitsCtrl.values.hits}}

A A A

Opposition United National Party (UNP) Leader Ranil Wickremesinghe said today, that, Sri Lanka should use countries such as South Korea, Germany and the Scandinavian countries as role models to adjust its economy to avoid a possible recession in the future.

Speaking at the second congress of the National Trade Union Federation (NTUF) held at the Centre for Banking Studies in Kotte, Mr. Wickremesighe said, Sri Lanka should work out new ways of adjusting its economy if it wished to face the challenges posed by the global economic situation and suggested the adoption of a social market economy.

He said the economic recession taking place in Europe was spreading to other parts of the world including Asia. “Sri Lanka will not be able to avoid this malady,” he said.

Mr. Wickremsighe said people could not continue cutting down their expenditure when faced by the escalating cost of living.

He said the working class should be given a proper salary for their services and cited what’s happening in Greece as an example.

Mr. Wickremesinghe said Greece was on the verge of a massive revolution because of the rising levels of unemployment and staff retrenchment. He said the unemployment was rising in Britain and America as well, and urged the government, trade unions and the employers to discuss how best to avoid the imminent economic disasters.

Mr. Wickremesinghe said Sri Lanka should not depend on the stock market but find other investment opportunities.

Labour Minister Gamini Lokuge stressed the need for a dialogue among the employers and employees on the emerging situation worldwide and said the trade union sector should be changed so as to be compatible with the new world order.

He said there was an environment conducive for such a dialogue in the post war era.

Some trade unions held a demonstration outside the venue and urged the ILO to probe the misuse of funds by the NTUF. They called for a proper investigation on these corruption charges. (Yohan Perera)
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 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 - 2

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 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.

  • Ralahamy Thursday, 13 October 2011 06:10 AM

    These guys are totally loss about whats happenng in the world economy. Thye are just trying to show they know something. But the facts are brutally wrong when he says south korea, germany and scandinavian countries. These counties have totally different type of economies. So we should follow al of them?

    Manujer Thursday, 13 October 2011 05:01 AM

    Please rethink in re-establishing democracy in the UNP for eliminating the disunity.


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 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.


Tamil Parties Must Urge Full Implementation of 13A

Last week’s article was about the guerilla war fought by the Janatha Vimukt

Govt. re-recommends COVID-19 regulations: Medics, legal experts warn of vaccine expiry dates and injuries

The public has once again been advised to wear masks to prevent the spread of

8-year-old grave sexual abuse victim gets justice after 18 years

In Palawela Udaniriella, an 8-year-old girl became the victim of Grave Sexual

Covid makes a comeback!

These questions have been buzzing in our heads over the past few weeks as hea