"NPP govt has ended the era of politicians taking bribes & commissions. We say to govt officials to also stop. We ask the public to inform us of any official that ask for a bribe or commission. We will get your requirement done faster & send that official home" -President #AKD
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#SriLanka government plans to add a further 2,000MW of rooftop solar power to the National Grid within the next 5 years
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President hints successful discussions with the IMF
"We have had a number of discussions with the IMF, I will tell you later, they are bringing in very good results" -President #AKD in Matara (30 Oct)
Government bureaucracy and solicitation of bribes & commissions are the biggest barriers for foreign investors in #SriLanka -Autogroup International Chairman, Rob Hill
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Central Bank Governor says that treasury yields will fall inline with the policy rates
Says, recent spike in yields were due to large auction sizes & speculation. Heavy borrowing requirements of the govt have now eased & the turnaround was seen in the last bill auction
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Before making any structural changes across all sectors, the economy needs to be stabilised. For this, the govt intends to continue with the IMF program & proceed with the debt restructuring, with the aim of achieving debt sustainability as soon as possible -President #AKD
A good cross-section of the business community present at #AKD's swearing-in ceremony
#SriLanka #President
#AKD answers the question on NPP's position on the Central Bank Act
"The Central Bank should be independent, we have no argument on that"
"We do not wish to amend the Central Bank Act. This I tell you directly" -AKD on 360°
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#ADK sets record straight on DSA
We intend to engage in discussions with the IMF to explore whether there's room to adjust certain parameters. Our goal is to find ways to improve the program without compromising our overall commitment to its implementation -AKD on 360°
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NPP govt aims to build investor confidence
"The total FDIs (Foreign Direct Investments) achieved by #SriLanka during the entity of last 44 years is $22 billion. Vietnam achieved $23 billion in FDIs in the last year alone" -AKD on Satana
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"To share market investors & other investors I say, there's not going to be economic instability" -AKD
"I invite country's investors not to succumb to fear mongering (by RW). This economy is hanging by a thread, & these threats he makes can cause serious damage"
-AKD on Satana
AKD presents initial copies of his 'Economic Policy Framework' to the 3rd largest shareholder (Sohli Captain) and the Chairman (Krishan Balendra) of #SriLanka's largest listed market capitalisation conglomerate, John Keells Holdings, at NPP's National Business Forum
