Amend­ing Acts to suit for­eign com­pa­nies: JVP

Daily Mirror (Sri Lanka) - - NEWS - BY THILANKA KANAKARATHNA

Al­though the gov­ern­ment is hop­ing to lib­er­alise the econ­omy by amend­ing var­i­ous Acts and Or­di­nances as pro­posed in the Bud­get, amend­ing of these acts will re­sult in the coun­try be­ing caught up in a debt trap, the Janatha Vimuk­thi Per­a­muna (JVP) said yes­ter­day. MP Bi­mal Rath­nayake said these Acts and Or­di­nances were ar­chaic and the gov­ern­ment was at­tempt­ing to amend them ac­cord­ing to the needs of for­eign multi­na­tional com­pa­nies. He said in the re­cent past, the coun­try’s ex­ports had been grad­u­ally re­duced while im­ports dou­bled, but suc­ces­sive govern­ments still fol­lowed the failed eco­nomic meth­ods to strengthen the econ­omy.

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