Acquired assets to be privatized again

chamith · 1 Acquired assets to be privatized again Thu Nov 17, 2011 3:00 pm

chamith

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THURSDAY, 17 NOVEMBER 2011 14:30
The 37 underperforming or underutilizing ventures acquired by the government under ‘The revival of underperforming and underutilizing government assets’ Bill are up for re –lease to the previous owners or any other investor who comes up with a better corporate plan, the government said today.

The cabinet spokesman Keheliya Rambukwella addressing the weekly cabinet news briefing at the Information Department Auditorium said today the government’s intention was to revive those ventures and make them profit making commercial entities while contributing to the economy and protecting the rights of the employees.

“The government is ready to give priority and assess positively the corporate / management plans submitted by those who managed the loss making ventures by the time of the acquisition on November 9th following the debate in Parliament,” Minister Rambukwella said.

http://www.dailymirror.lk/news/14823-acquired-assets-to-be-privatized-again.html

godswen · 2 Re: Acquired assets to be privatized again Thu Nov 17, 2011 5:14 pm

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LOL!

WildBear · 3 Re: Acquired assets to be privatized again Thu Nov 17, 2011 5:28 pm

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This is called in Sinhala- "spilling shit on seven places of the body"

Kithsiri · 4 Re: Acquired assets to be privatized again Thu Nov 17, 2011 5:30 pm

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WildBear wrote: This is called in Sinhala- "spilling shit on seven places of the body"

chamith · 5 Re: Acquired assets to be privatized again Thu Nov 17, 2011 5:35 pm

chamith

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Ouch !!!
Didnt see this coming. Wonder now what gov will say for the reason.

Tiger's one upward trigger completed.

DJ solo · 6 Re: Acquired assets to be privatized again Thu Nov 17, 2011 6:10 pm

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oh great now itz high time to accept d insanity!! but d damage iz already done... plz now for god sake refrain from these useless laws... and make sure a bunch ev economists in d panel before reviewing anything!! Smile

Rajaraam · 7 Re: Acquired assets to be privatized again Thu Nov 17, 2011 9:01 pm

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deleted solo wrote:oh great now itz high time to accept d insanity!! but d damage iz already done... plz now for god sake refrain from these useless laws... and make sure a bunch ev economists in d panel before reviewing anything!!

Your suggetions are good .But do you expect that will happen. This is not the time foranybody to invest in good businesses untill some big persons satisfy themselves with money earned .

manula · 8 Re: Acquired assets to be privatized again Thu Nov 17, 2011 9:04 pm

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chamith wrote:THURSDAY, 17 NOVEMBER 2011 14:30

The cabinet spokesman Keheliya Rambukwella addressing the weekly cabinet news briefing at the Information Department Auditorium said today the government’s intention was to revive those ventures and make them profit making commercial entities while contributing to the economy and protecting the rights of the employees.

http://www.dailymirror.lk/news/14823-acquired-assets-to-be-privatized-again.html

what about the government orginization which is unprofitable ??

rijayasooriya · 9 Re: Acquired assets to be privatized again Thu Nov 17, 2011 9:21 pm

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chamith wrote:THURSDAY, 17 NOVEMBER 2011 14:30
The 37 underperforming or underutilizing ventures acquired by the government under ‘The revival of underperforming and underutilizing government assets’ Bill are up for re –lease to the previous owners or any other investor who comes up with a better corporate plan, the government said today.

The cabinet spokesman Keheliya Rambukwella addressing the weekly cabinet news briefing at the Information Department Auditorium said today the government’s intention was to revive those ventures and make them profit making commercial entities while contributing to the economy and protecting the rights of the employees.

“The government is ready to give priority and assess positively the corporate / management plans submitted by those who managed the loss making ventures by the time of the acquisition on November 9th following the debate in Parliament,” Minister Rambukwella said.

http://www.dailymirror.lk/news/14823-acquired-assets-to-be-privatized-again.html

Government is going reverse manner.They should have given a opportunity to underperforming companies prior to the bill.Government does not use correct methodology.They should thoroughly reconsider the capabilities of their advicers.
අ‍ඟේ ඉඳන් කණ කන එවුන්ගෙන් ප්‍රවේසම් වෙන්න ඕන.
Otherwise this may bring end to them.

Monster · 10 Re: Acquired assets to be privatized again Thu Nov 17, 2011 9:24 pm

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Govt has already lost the investors confidence and they have put a very big effort to gain the it again, which they cannot get just having press meetings. What's assurance it will not happen again?

I would like ask, what's the benefit govt has achieved by expropriating those companies. We should not blame the govt, but we should blame the voters. We have given over confidence to the govt. We have a weak opposition ( or no opposition).

Kithsiri · 11 Re: Acquired assets to be privatized again Thu Nov 17, 2011 9:26 pm

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The need of the hour is to have technocrats to run as the representatives had been failing the masses in great fashion.

MarketResearch · 12 Re: Acquired assets to be privatized again Thu Nov 17, 2011 9:28 pm

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Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm silent

Monster · 13 Re: Acquired assets to be privatized again Thu Nov 17, 2011 9:46 pm

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Welcome back MarketResearch. We were badly missing your poems. Here we go....

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Acquired assets to be privatized again

1 Acquired assets to be privatized again Thu Nov 17, 2011 3:00 pm

chamith

2 Re: Acquired assets to be privatized again Thu Nov 17, 2011 5:14 pm

godswen

3 Re: Acquired assets to be privatized again Thu Nov 17, 2011 5:28 pm

WildBear

4 Re: Acquired assets to be privatized again Thu Nov 17, 2011 5:30 pm

Kithsiri

5 Re: Acquired assets to be privatized again Thu Nov 17, 2011 5:35 pm

chamith

6 Re: Acquired assets to be privatized again Thu Nov 17, 2011 6:10 pm

DJ solo

7 Re: Acquired assets to be privatized again Thu Nov 17, 2011 9:01 pm

Rajaraam

8 Re: Acquired assets to be privatized again Thu Nov 17, 2011 9:04 pm

manula

9 Re: Acquired assets to be privatized again Thu Nov 17, 2011 9:21 pm

rijayasooriya

10 Re: Acquired assets to be privatized again Thu Nov 17, 2011 9:24 pm

Monster

11 Re: Acquired assets to be privatized again Thu Nov 17, 2011 9:26 pm

Kithsiri

12 Re: Acquired assets to be privatized again Thu Nov 17, 2011 9:28 pm

MarketResearch

13 Re: Acquired assets to be privatized again Thu Nov 17, 2011 9:46 pm

Monster

14 Re: Acquired assets to be privatized again

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