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Loose talk ( By Min Wijedasa) hurts govt credibility (Already bad), Sri Lanka business lobby warns

Loose talk hurts govt credibility, Sri Lanka business lobby warns | Economynext: The Ceylon Chamber of Commerce, Sri Lanka’s top business lobby, has urged the government to ensure its members do not talk out of turn, especially on foreign investments like the lease of Hambantota port to China.

The port deal, in which China Merchant Port Holdings, known as CMPort, takes over its operations for 99 years for US$1.12 billion is an “important milestone on the journey towards a true maritime hub,” the chamber said in a statement.

“In addition to the much-needed boost to the country’s foreign reserves, the reported scale and size of the investment is expected to generate meaningful FDI in port-related activities, as well as businesses around the port.”

But the chamber warned that conflicting views expressed by certain government ministers over the deal could damage its credibility and hurt investor confidence.
Loose talk ( By Min Wijedasa) hurts govt credibility (Already bad), Sri Lanka business lobby warnsSocialTwist Tell-a-Friend

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