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
Sri Lanka Central Bank calls for bids to mint 970 million coins
-- [21 minutes ago]
India grants Sri Lanka US$ 318 million financial assistance to improve railways system
-- [45 minutes ago]
Japan offers to introduce modern Japanese technology to Sri Lanka
-- [1 hour and 7 minutes ago]
Australian streaker gets a week in Sri Lankan prison
-- [1 hour and 44 minutes ago]
ADB approves $ 118 million financial assistance to fully electrify Sri Lanka
-- [2 hours ago]
Russian naval ship Igor Belousov arrives at Sri Lanka's Colombo port on goodwill mission
-- [2 hours ago]
In Pictures: U.S., Sri Lanka navies exchange best practices on humanitarian assistance and disaster relief
-- [3 hours ago]
Sri Lanka Ports Authority extends deadline for EOIs to develop East Container Terminal of Port of Colombo
-- [9 hours ago]
Sri Lanka Customs arrest Bangladeshi national for attempting to smuggle out gold worth Rs. 5.7 mn
Sri Lanka PM to leave for Jakarta next week to attend World Islamic Economic Forum

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.