Sri Lanka's hard economic prepaidbill times would last another year; need to look at new sectors for recovery: Wickremesinghe

Colombo, June 6 (PTI) President Ranil Wickremesinghe has said that Sri Lanka’s economic woes would last for another year and it will have to think outside the box and look at new sectors like logistics and nuclear energy to revive the bankrupt economy. Speaking at a two-day conference titled ‘Let’s reset Sri Lanka’ held on Friday, Wickremesinghe said that reforms in the country also would need higher taxation. ‘The next six months to one year I think till about June next year, we will have to go through a hard time,’ he said, adding that for recovery Sri Lanka would have to look at new sectors such as logistics and nuclear energy.