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Last Updated : 2024-05-11 00:43:00
By Yohan Perera
Crash of the Colombo Stock Exchange is a sign that country’s economy is going into a great turmoil, former MP Harsha de Silva said yesterday.
Dr. De Silva told a press conference that taking out millions of dollars from the stock market by the foreign investors will also result in an adverse situation.
“ Another issue is the increasing of interest rates and continuous lending by state banks to the government will also bring negative results” he added.
However he said he would give the credit to the government on the steps it had taken to prevent the spread of Corona virus. Former MP Eran Wickramaratne urged the government to reduce fuel prices stating that global prices of fuel has been reduced by 30 percent.
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