Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka Marxist party to provide relief to private sector under a new Socialist rule
Tue, Feb 18, 2014, 10:53 am SL Time, ColomboPage News Desk, Sri Lanka.

Feb 18, Colombo: Sri Lanka's Marxist party, Janatha Vimukthi Peramuna (JVP) says that the country's private sector will be benefitted and granted relief under a new Socialist rule.

JVP politburo member and Western Province team leader, K.D. Lalkantha said that the party has a five-year plan to uplift the country's economy and the private sector plays a key role in it.

He said at a meeting in Homagama that the country's private sector consists of 90 percent of the businesses in the country and that they will be granted benefits and relief if they participate in the five-year plan formulated by the JVP under a new Socialist rule.

Lalkantha explained that the private sector has been the engine of growth when the country's economy is concerned.

He emphasized that there was a misconception among the people that the private sector will be marginalized and destroyed under a Socialist system, but it is not so.

"The private sector has an important role to play in a Socialist rule and the JVP has recognized this fact," Lalkantha said.

ColomboPage - Recent 10 Stories
JHU withdraws from UPFA, forms a new front
-- [1 hour and 11 minutes ago]
Sri Lanka nationalist party JHU likely to withdraw from UPFA
-- [7 hours ago]
Western Province Chief Minister says FCID investigation is a conspiracy to arrest him
-- [7 hours ago]
Sri Lanka Insurance Corporation posts profits before tax of Rs. 630 million in 1Q 2015
Construction work on Matara-Hambantota segment of Sri Lanka's Southern Expressway commenced
Former leader of Sri Lanka Marxist party to form a new alternative front
Former President may contest elections from Kurunegala
UNP warmly welcomes first crossover of SLFP stalwart Nawinna
Sri Lankan President pledges not to reverse 'January 08 Revolution' and family rule to return
Sri Lanka Police to ensure election rules are strictly enforced during polls

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.