Dilith says investors getting frustrated; casts blame on Treasury

Thursday, 5 April 2012 00:58 -     - {{hitsCtrl.values.hits}}

High networth and highly networked investor Dilith Jayaweera yesterday joined the bandwagon of those who are blaming the Treasury for current economic ills claiming that investors were getting frustrated due to inconsistent policies all-round.

He said that there had been an unprecedented degree of policy inconsistency of late thereby preventing a conducive and cohesive environment which is key. This he blamed on Treasury and claimed has increasingly frustrated investors both existing and prospective.

Dilith’s outburst is surprising as he has been a champion of positivism and can do attitude especially after the Government and forces defeated terrorism that plagued the country for near 30 years.

He also qualifies to be in the top 10 league of individual as well as emerging corporate investors in post-war Sri Lanka for his investments and acquisitions both within and outside the Colombo stock market.

The private sector and the Opposition have increasingly faulted not only the Treasury but also the Central Bank for mismanaging the economy. Drawing references from the famous book “Confessions of an Economic Hit Man” by John Perkins, some even have adduced that certain officials could be having an outside agenda.