why srilanka is still in this level???

safran mohamed · 1 why srilanka is still in this level??? Wed Jan 04, 2012 8:24 pm

safran mohamed

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we know how quick countries like Singapore developed.... what is the different between srilanka to that of such a country...
simple thing, our people always come up with solution after every thing happen.however such a country people come up with solution for a problem once they foreseen a problem in the future.
we all know market is going hell. but regulators are still thinking what kind of solution that they can make.but the movement they come up with solution innocent people will have nothing in their hand.
WHAT IS THE POINT OF COME UP WITH SOLUTION FOR EXISTING PROBLEM AFTER PEOPLE LOOS EVERYTHING IN THEIR HAND.

Kumar · 2 Re: why srilanka is still in this level??? Wed Jan 04, 2012 8:43 pm

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@safran mohamed wrote:
WHAT IS THE POINT OF COME UP WITH SOLUTION FOR EXISTING PROBLEM AFTER PEOPLE LOOS EVERYTHING IN THEIR HAND.

I think you raise a good point.

Let we ask ourself the question how many investors invest in the CSE quoted companies? Do you know, Did You do any research? NO.
OK.
After 2009 the war finished market stated to boom, after that how many started to invest or trade in CSE do you know? NO.
OK.
Those who are crying or mourning started playing in CSE during this period with out proper guidance or self study.

The basic problem is ourself nothing to do with the SEC or President or anything.

We blindly put our money, go behind the manipulators and suffering now.

Try to accept our own mistakes and educate ourself is much better than going to find a scape goat.

Do a research you'll find the result, that is who stupidity invest or trade in CSE last 2 years are suffering more than others.

safran mohamed · 3 Re: why srilanka is still in this level??? Wed Jan 04, 2012 9:14 pm

safran mohamed

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i agree we also made some mistakes. however we can not say that nothing to do with sec.. because u could have seen performance of the companies in last quarter but it did not work.
leave it.... think about most liquidate blue chip companies...it came down at a rate. what is wrong with those companies. other than some exceptional ????????
we can see now a days almost all companies have come down?????. Then what are the companies that u prefer people to invest.?????
there for nobody can say people invest blindly...?
they have done every thing....but nothing work....
Then from where these problems are arising?????

Kumar · 4 Re: why srilanka is still in this level??? Wed Jan 04, 2012 9:24 pm

Kumar

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@safran mohamed wrote:i agree we also made some mistakes. however we can not say that nothing to do with sec.. because u could have seen performance of the companies in last quarter but it did not work.
leave it.... think about most liquidate blue chip companies...it came down at a rate. what is wrong with those companies. other than some exceptional ????????
we can see now a days almost all companies have come down?????. Then what are the companies that u prefer people to invest.?????
there for nobody can say people invest blindly...?
they have done every thing....but nothing work....
Then from where these problems are arising?????

You are right in one way.
Let we talk about Blue chips.
Do you know the price before 2009. I hope you know.
Compare the price with the peak prices in 2010 & 2011.
We'll come to a conclusion the price was ballooned.
Intelligent investors or traders not always wait to sell at the top high price, they know the exit point and left the market with the reasonable profit. We bought with out any concept and couldn't sell, because market behave by itself.
Now those intelligent investors and traders are back into the play getting back from you.

kama · 5 Re: why srilanka is still in this level??? Thu Jan 05, 2012 9:30 am

kama

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@safran mohamed wrote:i agree we also made some mistakes. however we can not say that nothing to do with sec.. because u could have seen performance of the companies in last quarter but it did not work.
leave it.... think about most liquidate blue chip companies...it came down at a rate. what is wrong with those companies. other than some exceptional ????????
we can see now a days almost all companies have come down?????. Then what are the companies that u prefer people to invest.?????
there for nobody can say people invest blindly...?
they have done every thing....but nothing work....
Then from where these problems are arising?????

What are the so called good companies ?? Very Happy

manula · 6 Re: why srilanka is still in this level??? Thu Jan 05, 2012 11:11 am

manula

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@Kumar wrote:

@safran mohamed wrote:i agree we also made some mistakes. however we can not say that nothing to do with sec.. because u could have seen performance of the companies in last quarter but it did not work.
leave it.... think about most liquidate blue chip companies...it came down at a rate. what is wrong with those companies. other than some exceptional ????????
we can see now a days almost all companies have come down?????. Then what are the companies that u prefer people to invest.?????
there for nobody can say people invest blindly...?
they have done every thing....but nothing work....
Then from where these problems are arising?????

You are right in one way.
Let we talk about Blue chips.
Do you know the price before 2009. I hope you know.
Compare the price with the peak prices in 2010 & 2011.
We'll come to a conclusion the price was ballooned.
Intelligent investors or traders not always wait to sell at the top high price, they know the exit point and left the market with the reasonable profit. We bought with out any concept and couldn't sell, because market behave by itself.
Now those intelligent investors and traders are back into the play getting back from you.

yes... Kuma you are right.. This seems to be a good thread. As you said price was balloned i am agree with you. but as investors join in that time have no choice and hope the market will boom due the situation/devlopment promises they brought on high valvue for even blue chips. we can say we bought with out any concept but as market goes in that period we could not have any other choice and predict it will work.

prasa2004 · 7 Re: why srilanka is still in this level??? Thu Jan 05, 2012 11:45 am

prasa2004

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Kumar
investors cannot be solely blamed for this predicament. have you seen the analysts by so called research agents/advisors? they keep on recommending BUY for past 6-8 months continuously including IPOs. I am not saying they are stupid as they have also done their research based on facts. when market balooned in 2009 it was from low base where SL growth was no where near 8.4 and company profits/revenue was not attractive.

i still strogly feel this is due lack of confidence by most and nothing to do with country/company performance.

Kumar · 8 Re: why srilanka is still in this level??? Thu Jan 05, 2012 12:00 pm

Kumar

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@prasa2004 wrote:Kumar
investors cannot be solely blamed for this predicament. have you seen the analysts by so called research agents/advisors? they keep on recommending BUY for past 6-8 months continuously including IPOs. I am not saying they are stupid as they have also done their research based on facts. when market balooned in 2009 it was from low base where SL growth was no where near 8.4 and company profits/revenue was not attractive.

i still strogly feel this is due lack of confidence by most and nothing to do with country/company performance.

Thanks for your thought.
But again lack of confidence, why it is developing in our self?
Without any reason? So something should be there no?
Which may be myself couldn't find?

UKboy · 9 Re: why srilanka is still in this level??? Thu Jan 05, 2012 12:04 pm

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WildBear · 10 Re: why srilanka is still in this level??? Thu Jan 05, 2012 12:24 pm

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Secret behind the development of Singapore is Their strict enforcement of Law and Order and Discipline, from top to bottom(including politicians). Can we even dream of such an environment in Sri Lanka. Singapore has no natural resources except Air,Water,Sea and limited land. But they developed their human resources very well. They have one of the most developed education system in the world.

Singapore leaders/Policy makers have long term vision Which Sri Lankan leaders lack. Our people can only think up to the next election only.

One good example is, Singapore attracts over 10 million tourists per year , having very limited natural attractions ( though they have many artificial attractions) Sri Lanka with immense natural attractions do not attract even a one million per year, and we know what happened in Tangalle recently. This is how Sri Lankan politicians behave.

UKboy · 11 Re: why srilanka is still in this level??? Thu Jan 05, 2012 12:37 pm

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@WildBear wrote:Secret behind the development of Singapore is Their strict enforcement of Law and Order and Discipline, from top to bottom(including politicians). Can we even dream of such an environment in Sri Lanka. Singapore has no natural resources except Air,Water,Sea and limited land. But they developed their human resources very well. They have one of the most developed education system in the world.

Singapore leaders/Policy makers have long term vision Which Sri Lankan leaders lack. Our people can only think up to the next election only.

One good example is, Singapore attracts over 10 million tourists per year , having very limited natural attractions ( though they have many artificial attractions) Sri Lanka with immense natural attractions do not attract even a one million per year, and we know what happened in Tangalle recently. This is how Sri Lankan politicians behave.

Spot on Wildbear.
Let me add one last thing.
Naturally we are a very very lazy nation. If we compare a chinese worker with a Sri Lankan worker, we have to admit that a Chinese worker does more work per hour than a Sri Lankan. We always try to do things in the easiest way not the most accurate way.
We may have the brain but laziness is in our blood.

prasa2004 · 12 Re: why srilanka is still in this level??? Thu Jan 05, 2012 12:52 pm

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hi guys
i am presently based in singapore and doing trading online. since the topic is singapore, i would like to share with you the salaries of their politicians earn. PM - SGD 3.0Mn p.y and a Minister SGD 1.0M p.year. Their performance bonus is linked to growth of GDP of the country. This is the main reason their higher output-sound policy framework and zero corruption. SL is still 3rd world and grossly unfair even to think of pairing.

By the way their STI (stock index) dropped by 16.8% in 2011 and all major IPO performing below issued price.

I sincerely wish, concerted effort from our investors to ride over this bear market. Lets have patience and do not dump the shares. Time will come

Tiger · 13 Re: why srilanka is still in this level??? Thu Jan 05, 2012 12:59 pm

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@UKboy wrote:

@WildBear wrote:Secret behind the development of Singapore is Their strict enforcement of Law and Order and Discipline, from top to bottom(including politicians). Can we even dream of such an environment in Sri Lanka. Singapore has no natural resources except Air,Water,Sea and limited land. But they developed their human resources very well. They have one of the most developed education system in the world.

Singapore leaders/Policy makers have long term vision Which Sri Lankan leaders lack. Our people can only think up to the next election only.

One good example is, Singapore attracts over 10 million tourists per year , having very limited natural attractions ( though they have many artificial attractions) Sri Lanka with immense natural attractions do not attract even a one million per year, and we know what happened in Tangalle recently. This is how Sri Lankan politicians behave.

Spot on Wildbear.
Let me add one last thing.
Naturally we are a very very lazy nation. If we compare a chinese worker with a Sri Lankan worker, we have to admit that a Chinese worker does more work per hour than a Sri Lankan. We always try to do things in the easiest way not the most accurate way.
We may have the brain but laziness is in our blood.

If you really want to see the real miracle of the world come to DUBAI. Without oil wealth, they have built a great city in the desert. They have done it with good leadership, vision, and enforcing law and order. Feel sorry when we look back at Sri Lanka.

mra · 14 Re: why srilanka is still in this level??? Thu Jan 05, 2012 3:15 pm

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@Tiger wrote:

@UKboy wrote:

@WildBear wrote:Secret behind the development of Singapore is Their strict enforcement of Law and Order and Discipline, from top to bottom(including politicians). Can we even dream of such an environment in Sri Lanka. Singapore has no natural resources except Air,Water,Sea and limited land. But they developed their human resources very well. They have one of the most developed education system in the world.

Singapore leaders/Policy makers have long term vision Which Sri Lankan leaders lack. Our people can only think up to the next election only.

One good example is, Singapore attracts over 10 million tourists per year , having very limited natural attractions ( though they have many artificial attractions) Sri Lanka with immense natural attractions do not attract even a one million per year, and we know what happened in Tangalle recently. This is how Sri Lankan politicians behave.

Spot on Wildbear.
Let me add one last thing.
Naturally we are a very very lazy nation. If we compare a chinese worker with a Sri Lankan worker, we have to admit that a Chinese worker does more work per hour than a Sri Lankan. We always try to do things in the easiest way not the most accurate way.
We may have the brain but laziness is in our blood.

If you really want to see the real miracle of the world come to DUBAI. Without oil wealth, they have built a great city in the desert. They have done it with good leadership, vision, and enforcing law and order. Feel sorry when we look back at Sri Lanka.

1. WE HAVE GOOD TALENTED HUMAN FORCE, LEADERS WITH VISION, MISSION etc..But.....only a circle of top people make final decision. so others become helpless and just kade yanawa for their own well being. these people wisdom/knowledge/mission/vision all become a dream end of the day.

2. HR of our ordinary citizen- eg-If you can stop a smile or lough when few ladies or girls crossing the pedestrian crossing when they are about to be knock down, (they think its funny in their side. not knowing they were about to be on a death rope-but loughing looking at the driver) - OR if its men they use filthy words. mistake pay be the driver or pedestrians.

The thinking pattern of out ordinary people must be changed to get the proper productivity for the sake of the countries health. above example shows in our country the majority of ordinary people lacking of strong mental health.

manula · 15 Re: why srilanka is still in this level??? Thu Jan 05, 2012 3:34 pm

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@UKboy wrote:

@WildBear wrote:Secret behind the development of Singapore is Their strict enforcement of Law and Order and Discipline, from top to bottom(including politicians). Can we even dream of such an environment in Sri Lanka. Singapore has no natural resources except Air,Water,Sea and limited land. But they developed their human resources very well. They have one of the most developed education system in the world.

Singapore leaders/Policy makers have long term vision Which Sri Lankan leaders lack. Our people can only think up to the next election only.

One good example is, Singapore attracts over 10 million tourists per year , having very limited natural attractions ( though they have many artificial attractions) Sri Lanka with immense natural attractions do not attract even a one million per year, and we know what happened in Tangalle recently. This is how Sri Lankan politicians behave.

Spot on Wildbear.
Let me add one last thing.
Naturally we are a very very lazy nation. If we compare a chinese worker with a Sri Lankan worker, we have to admit that a Chinese worker does more work per hour than a Sri Lankan. We always try to do things in the easiest way not the most accurate way.
We may have the brain but laziness is in our blood.

@UK boy...
Yes.. but our pepole are lazy when they are only in our country.. when they go for oveseas work you can see how they work.. they are the best hard workers,brainy pepole.. in any where in the world. So lainess is not in our blood... the country make us lazy only in the country.. mainly becasue no proper rules.. even though if rules are their it can be easily broken.can bent easily.. how many holidays we have..making pepole lazy.. so on...

Kumar · 16 Re: why srilanka is still in this level??? Thu Jan 05, 2012 3:58 pm

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@manula wrote:

@UKboy wrote:

@WildBear wrote:Secret behind the development of Singapore is Their strict enforcement of Law and Order and Discipline, from top to bottom(including politicians). Can we even dream of such an environment in Sri Lanka. Singapore has no natural resources except Air,Water,Sea and limited land. But they developed their human resources very well. They have one of the most developed education system in the world.

Singapore leaders/Policy makers have long term vision Which Sri Lankan leaders lack. Our people can only think up to the next election only.

One good example is, Singapore attracts over 10 million tourists per year , having very limited natural attractions ( though they have many artificial attractions) Sri Lanka with immense natural attractions do not attract even a one million per year, and we know what happened in Tangalle recently. This is how Sri Lankan politicians behave.

Spot on Wildbear.
Let me add one last thing.
Naturally we are a very very lazy nation. If we compare a chinese worker with a Sri Lankan worker, we have to admit that a Chinese worker does more work per hour than a Sri Lankan. We always try to do things in the easiest way not the most accurate way.
We may have the brain but laziness is in our blood.

@UK boy...
Yes.. but our pepole are lazy when they are only in our country.. when they go for oveseas work you can see how they work.. they are the best hard workers,brainy pepole.. in any where in the world. So lainess is not in our blood... the country make us lazy only in the country.. mainly becasue no proper rules.. even though if rules are their it can be easily broken.can bent easily.. how many holidays we have..making pepole lazy.. so on...

100% Agree with you.
Even in the UK,where I'm working most of our guys are commented for hard working and brainy.
Even myself rose from bottom to the top in my work place within 3 years time.
Another point also we need to note that here they are exploiting us. ( Salary structure in SME)

UKboy · 17 Re: why srilanka is still in this level??? Fri Jan 06, 2012 12:37 am

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@manula wrote:
@UK boy...
Yes.. but our pepole are lazy when they are only in our country.. when they go for oveseas work you can see how they work.. they are the best hard workers,brainy pepole.. in any where in the world. So lainess is not in our blood... the country make us lazy only in the country.. mainly becasue no proper rules.. even though if rules are their it can be easily broken.can bent easily.. how many holidays we have..making pepole lazy.. so on...

Manula Thanks for share your view on laziness of Sri Lankans. Yes you are giving a very point.

Oh holidays in Sri Lanka. Evil or Very Mad

I think our religious leaders should either shame on themselves or should come together and request from the government to reduce public holidays. See how many public holidays are allocated for religious events. Luckily Sri Lanka have only four major religions. Imagine if they have 6 or 7 religions?

ansar

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@WildBear wrote:Secret behind the development of Singapore is Their strict enforcement of Law and Order and Discipline, from top to bottom(including politicians). Can we even dream of such an environment in Sri Lanka. Singapore has no natural resources except Air,Water,Sea and limited land. But they developed their human resources very well. They have one of the most developed education system in the world.

Singapore leaders/Policy makers have long term vision Which Sri Lankan leaders lack. Our people can only think up to the next election only.

One good example is, Singapore attracts over 10 million tourists per year , having very limited natural attractions ( though they have many artificial attractions) Sri Lanka with immense natural attractions do not attract even a one million per year, and we know what happened in Tangalle recently. This is how Sri Lankan politicians behave.

Kithsiri · 19 Re: why srilanka is still in this level??? Fri Jan 06, 2012 9:02 pm

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If someone thinks that strategies and solution can be found and for every eventuality, then it is a foolish assumption but it does not mean that we should not be prepared.

Cover whatever humanly possible but always there will be surprises.

As far as Singapore is concerned, as one already mentioned about the Law and Order and anti-corruption measures which are very high and much better imposed than many in the developed world in the West.

The last scandal involving a politician happened way back in 1986 (if my memory still serves me right) where in Sri Lanka it was not even a few hours ago.

The Singapore politicians took almost 40% pay-cut recent and further backdated it to May 2011 even, yet the PM is paid seven times more than Angela Merkel.

If you need a further reference then US President earns about US $ 400,000 (per annum) and even after the pay-cut Singapore PM earns about US $ 2,300,000.

This is not only evident in Singapore but in Hong Kong (Donald Tsang / US $ 550,500), Japan (Yoshihiko Noda / US $ 513,000), Australia (Julia Guillard / US $ 498,000) to name a few more.

Why they pay more to public sector workers is to get quality and best possible talents whereas in Sri Lanka, should I say more.

What we have the chaff in the public sector (my apologies if any public sector employee in the forum).

cseguide · 20 Re: why srilanka is still in this level??? Fri Jan 06, 2012 9:11 pm

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We need law and order and nti-corruption measures first

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why srilanka is still in this level???

1 why srilanka is still in this level??? Wed Jan 04, 2012 8:24 pm

safran mohamed

2 Re: why srilanka is still in this level??? Wed Jan 04, 2012 8:43 pm

Kumar

3 Re: why srilanka is still in this level??? Wed Jan 04, 2012 9:14 pm

safran mohamed

4 Re: why srilanka is still in this level??? Wed Jan 04, 2012 9:24 pm

Kumar

5 Re: why srilanka is still in this level??? Thu Jan 05, 2012 9:30 am

kama

6 Re: why srilanka is still in this level??? Thu Jan 05, 2012 11:11 am

manula

7 Re: why srilanka is still in this level??? Thu Jan 05, 2012 11:45 am

prasa2004

8 Re: why srilanka is still in this level??? Thu Jan 05, 2012 12:00 pm

Kumar

9 Re: why srilanka is still in this level??? Thu Jan 05, 2012 12:04 pm

UKboy

10 Re: why srilanka is still in this level??? Thu Jan 05, 2012 12:24 pm

WildBear

11 Re: why srilanka is still in this level??? Thu Jan 05, 2012 12:37 pm

UKboy

12 Re: why srilanka is still in this level??? Thu Jan 05, 2012 12:52 pm

prasa2004

13 Re: why srilanka is still in this level??? Thu Jan 05, 2012 12:59 pm

Tiger

14 Re: why srilanka is still in this level??? Thu Jan 05, 2012 3:15 pm

mra

15 Re: why srilanka is still in this level??? Thu Jan 05, 2012 3:34 pm

manula

16 Re: why srilanka is still in this level??? Thu Jan 05, 2012 3:58 pm

Kumar

17 Re: why srilanka is still in this level??? Fri Jan 06, 2012 12:37 am

UKboy

18 Good points with very good and balanced thinking! well done!! Fri Jan 06, 2012 5:42 pm

ansar

19 Re: why srilanka is still in this level??? Fri Jan 06, 2012 9:02 pm

Kithsiri

20 Re: why srilanka is still in this level??? Fri Jan 06, 2012 9:11 pm

cseguide

21 Re: why srilanka is still in this level???

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