A Supreme Court & Government that erode investor confidence in Sri Lanka?
The Sri Lankan government is callously gambling with investor confidence. The effects are already evident, and will get worse. ### One can understand President Obama’s urgency. His legislative programme has been delayed by a divided Congress, his approval ratings have fallen and next year is election year. Hence his new slogan is ‘We can’t Wait’. Despite claims of unconstitutionality and abuse of power he has resorted to issuing executive orders to get things moving. Obama would envy President Rajapakse. With complete control of Parliament, the latter enjoys high approval ratings and an election is not any time soon. Yet Rajapakse’s government is in an equal hurry. Thus certain legislative proposals are being pushed through Parliament as ‘urgent bills’. Around a year ago, the 18th Amendment to the Constitution was presented as an urgent bill. The latest is the Expropriation Act previously known as the ‘Revival of Underperforming Enterprises and Underutilized Assets Bill’. There a lots of things wrong with the…
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