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Finance bill discourages private sector investment - Ceylon Chamber of Commerce

The Ceylon Chamber of Commerce says the finance bill proposed in March was sending 'negative signals' to the private sector and discouraged investment, LBO reports.

“The CCC believes that the Finance Bill of March 2015, presented to Parliament recently sends a negative signal to the private sector and is likely to deter investment,” the statement said.

“This is unfortunate since the Bill comes at a time that the Sri Lankan private sector was gearing itself to partner the Government in realising the full potential of the country’s economy.”

The statement further said the proposed bill is likely to be perceived as a serious impediment in building a credible and deep partnership between the government and the private sector and therefore urged suitable amendments, prior to the enactment of the bill.

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