FCCISL says President’s intervention will enhance biz confidence

Thursday, 10 January 2013 00:14 - - {{hitsCtrl.values.hits}}

The Federation of Chambers of Commerce and Industry (FCCISL) in a statement said yesterday that President Mahinda Rajapaksa’s wise intervention, putting the country first on current issues, would boost business confidence. Following is the full text of the FCCISL statement:

Sri Lanka is facing a grave constitutional and a legal crisis with the foundations of democracy at stake. The people are sovereign and supreme according to the Constitution. The people’s executive power is exercised by the democratically-elected executive president, their judicial power is exercised by courts of law and legislative power is exercised by the Parliament.

The Supreme Court has ruled that the impeachment process against Chief Justice Shirani Bandaranayake was unconstitutional and subsequently the Court of Appeal quashed the report and the findings of the Parliamentary Select Committee.

We, the Federation of Chambers of Commerce of Industries of Sri Lanka (FCCISL), looking through the magnifying glass on the future economic and business environment, in the case of deepening the issue, have serious concerns on the negative impact of the final outcome.

We are a country that went through the darkest ever period for last three decades and presently settling down to enjoy the peace dividends. It is an extremely important to understand the gravity of the crisis in all aspects and we urge President Mahinda Rajapaksa to resolve the issue for the sake of the country.

We are confident that the President will take the most appropriate decision at this very crucial juncture, like in the past, as the President’s very words of ‘country comes first’.