PM Ranil promises large-scale foreign investments

Prime Minister Ranil Wickremesinghe says Sri Lanka can expect large-scale investments following the repealing of the Revival of Underperforming Enterprises or Underutilised Assets Act in Parliament.

The Revival of Under-performing Enterprises or Underutilized Assets Bill was passed in Parliament last evening with 91 Parliamentarians voting in favour of the bill while 69 MPs voting against.

The PM Ranil said one of the biggest barriers to attract foreign investments was removed by repealing the Act yesterday.

PM Ranil Wickremesinghe noted that Sri Lanka can now expect more companies investing which will in turn create additional jobs with better salaries.

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