Dilith says investors getting frustrated; casts blame on Treasury
Posted on the April 5th, 2012 under News by FT.lk 
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High networth and highly networked investor Dilith Jayaweera yesterday joined the bandwagon of those who are blaming the Treasury for current economic ills claiming that investors were getting frustrated due to inconsistent policies all-round.
He said that there had been an unprecedented degree of policy inconsistency of late thereby preventing a conducive and cohesive environment which is key. This he blamed on Treasury and claimed has increasingly frustrated investors both existing and prospective.
Dilith’s outburst is surprising as he has been a champion of positivism and can do attitude especially after the Government and forces defeated terrorism that plagued the country for near 30 years.
He also qualifies to be in the top 10 league of individual as well as emerging corporate investors in post-war Sri Lanka for his investments and acquisitions both within and outside the Colombo stock market.
The private sector and the Opposition have increasingly faulted not only the Treasury but also the Central Bank for mismanaging the economy. Drawing references from the famous book “Confessions of an Economic Hit Man” by John Perkins, some even have adduced that certain officials could be having an outside agenda.
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Dilith says investors getting frustrated; casts blame on Treasury
Jayantha
Market place should be professional and it should not be losing ground for small players. The confidence building should be brought. As long as cheating and manipulation are going on large scale no one can expect the treasury, EPF to play a big role in sustaining the market. We have been in the market for a long period and have experienced similar down turn repeatedly. This time is nor exception and could not see any turnaround in the near term according to my personnel understanding. We have lost continuously in the market and every body can’t win all the time. It is correct that the frustration is with us and we also do not expect the incumbent governments to bail out the market every time as the the share market represent only a part of the economy. The market should digest the economic realities. The market went far ahead the fundamentals and it is now finding the true grounds. We also are awaiting to see the light at the end of the tunnel. It may be too far.
Colombo Stock Watch
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Colombo Stock Watch
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