The All Island Middle East Employees Trade Union says the subject Minister is deceiving expatriate workers to obtain an inflow of dollars into Sri Lanka.
Despite the government’s promise to provide a vehicle permit to those who place 100,000 USD on a fixed deposit, union chairman Ranjith Nanayakkara said there are no Sri Lankan expatriate workers who earn such massive incomes.
Nanayakkara noted that the proposal to attract Foreign Direct Investment through fixed deposits will be a massive flop, since Sri Lankan expatriates do not make such large amounts in the Middle East or any other country.
He also stressed that the proposal which promises a home and land for a USD 50,000 fixed deposit will also be unsuccessful.
Nanayakkara stressed that the government must give expatriates what they require in the form of a pension fund.
Ranjith Nanayakkara pointed out that a pension programme was not implemented since being passed in 2011.