Gammanpila says President, PM competing for foreign visits

By Harischandra Gunaratna

Pivithuru Hela Urumaya leader Udaya Gammanpila yesterday said the President and the Prime Minister were competing against each other in going on foreign jaunts.

Addressing a news conference at the party headquarters at Pita-Kotte he said, "They say that they are attending key international meeting beneficial to the country, but the country hasn’t gained anything from thier jaunts."

The government boasts that world leaders were visiting here and the President had visited the G 7 summit, but in fact the country had gained nothing.

Gammanpila said export earnings which were USD 10,394 million in 2013 had increased to USD 11,130 million in 2014, but they had come down to 10,505 million USD in 2015.

The foreign employment in 2013 was 293,218 and it had increased to 300,703 in 2014. It had dropped to 263,307 million in 2015. Direct foreign investments which stood at USD 894 million in 2014 had dropped to USD 681 million in 2015.

In 2014, foreign investment to the tune of Rs. 22 billion had been made in the stock market, but in 2015, it had plummeted to Rs 4.4 billion.

Gammanplila said the country’s economy was in a shambles and it would get worse in time to come as the government had failed to attract investors and there were no export oriented industries here.

Though the government boasted about a large number of foreign investments coming here nothing of the sort had happened, the PHU leader said.

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