Dayasiri Jayasekara. He made this comment participating in the debate on the government policy statement in parliament August (21).

Jayasekara noted that as a result of President Gotabhaya Rajapaksa’s economic vision, he granted a large tax concession package no sooner he assumed office as the President.  He said that consequently, loans could now be obtained at very low-interest rates of 4%, 6% and 8% under the initiatives of the new government. As a result, businessmen who  were thus far trapped in tax burdens are now focussing on new business ventures.

Accordingly, State Minister Jayasekara noted that within the next few months a special mechanism would be initiated to uplift the country’s domestic industry.