I base my decisons on these current events.
1. The Expropriation Law which came in to power, have already scared investors. The main goal of this law was to not only over come assets, but also that private limited companies which are the engine of this economy, their plan is to collect much of taxes now. This bill will make sure that business owners will fear of seizing their business by state and will make sure, they record profits, which is paying healthy taxes YoY.
The policy of this goverment is give and take it back.
2. Interest rates are going up, all the major banks, including Commercial Bank.
Few weeks ago, went to make a fixed deposit, the manager couldnt offer me more than 8.5% because Commercial Bank is strong bank
and has excessive liquid. But now, its 9.5%, you negotiate with him and eventually you get 10% . This is Commercial ~Bank.
but there were other banks which was offering more than 9 - 9.5% before Commercial Banks incresed the rate.
what does this tell you, We are having the highest interest rates in the world and 10% f.d is defenitely a good return for now.
As we speculate, I garuntee the interest rates will hike 2% more by next year.
Other develop countries doesnt get so much from banks, so there only source is other alternate investments such as stocks, bonds etc.
But here, people are going to forget about investing again, and had f.d's because its much safer in an unstable political interfering economy. Sri lanka is still not a free economy, and all these news what we get is, propagandic.
CSE has not even made any of our long term investors a return at the moment.
I would agree, about the cycles of the bear phrase and bull phrase, about world economic conditions. But theres alot going on here under the rug.
Transparency is down for shit.
3. Foriegn Investments, ony a handful, well its less than that. We only hear that there are going to establish, but there is no confirmation. Allocating of land just to put a billboard front of the green front.?
Even if the investments come in, it doesnt help us, it doesnt help the main force of this economy, the private sectors.
Occupy Together- Im sure some of you here dont read the world news or watch them. Occupy together is to end corruption, greed and many more. To movement to stop wars made by the EU and many more. i have no time of writing a description of theire motives, But we should appreciate them for fighting for something they know its right.
What we do is, inclduing our oppositions is just to sit front the camera and make some bullshit news, Actions are more powerfull than words. The main point of Occupy Together.
If we need to make our voices to be heard, we should stand up for whats is right, or else, the way it goes, we are being trampled and buried alive.
There may be many other things which everyone of you could think of, im enjoying my cup of coffee trying to create some awareness. Please feel to add your opinions