“Wait and see” from foreign investors By Bandula Sirimanna View(s): View(s):This week’s unrest in Kandy and the imposition of a state of emergency immediately led to tourist cancellations and triggered alarm bells in the economy, officials and economists at the Treasury and the Central Bank (CB) said. “Most investors are likely to follow a wait and see policy; see whether this crisis would persist and watch how the government is tackling the situation,” an economist, involved in foreign investment negotiations, said. Asked whether the Government’s action to restrict access to social media websites was the correct decision, 71.4 per cent of the respondents said: “Yes”. According to comments received, one respondent said rather than blocking social media, tough action should be taken against perpetrators of hate messages on Facebook. A third respondent said hate speech should not be tolerated while social media must be regulated to ensure that it does not mislead people and does not infringe on the rights of another.

Source: Sunday Times March 10, 2018 20:15 UTC