‘Recent attacks on businesses more worrying than lower export earnings’
View(s):Reference to last week’s story under the above headline, to some extent that is correct. However there is a big difference between the (1) Greater economic-related concerns due to recent attacks by radical groups on Muslim businesses, and (2) Latest data that show weaker export earnings. They are the reasons for the present situation and need solutions to overcome them. Briefly,
1. Reasons are obscure, possibly politically motivated with a hidden objective and may cause very serious consequences in the future if not overcome quickly. It can be overcome very quickly if the Government takes the right decisions.
2. Reasons are quite well known, partly politically motivated objectives, unable to overcome due to economically unwise steps taken by the Government in the past though they can be corrected. Corrections cannot be achieved quickly and will have to be undertaken by the Government and the private sector together.
Hemal de Silva
(Through email)
Follow @timesonlinelk
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