FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» HAYLEYS PLC (HAYL.N0000)
by EPS Yesterday at 11:55 pm

» NO FURTHER INCREASE IN TAXES-PRES. RANIL WICKRAMASINGHE
by ADVENTUS Yesterday at 3:48 pm

» AAIC 100 = SCAP 16
by Equity Win Yesterday at 2:11 pm

» CARGO BOAT DEVELOPMENT COMPANY PLC (CABO.N0000)
by Dasun Maduwantha Yesterday at 12:10 pm

» Nestle‚ declares highest ever dividend
by Shiranli Yesterday at 11:24 am

» PRIME LANDS RESIDENCIES PLC (PLR.N0000)
by Anushka Perz Yesterday at 11:15 am

» Buy lofc tomorrow - Maharaja
by Maharaja Yesterday at 9:47 am

» MULTI FINANCE PLC (MFL.N0000)
by Eleven Mon Aug 08, 2022 9:28 pm

» AGSTAR PLC (AGST.N0000)
by Thushara Ayya Mon Aug 08, 2022 4:18 pm

» ACL; MELS; HHL; BIL; LWL- STOCKS TO WATCH
by ADVENTUS Mon Aug 08, 2022 1:43 pm

» LIOC ....Get in soon
by samaritan Mon Aug 08, 2022 11:49 am

» Sinopec likely to enter Lankan fuel market
by samaritan Mon Aug 08, 2022 9:41 am

» RW - Rescue Warrior of Sri Lanka's Economy
by reyaz Mon Aug 08, 2022 8:17 am

» Should Central bank increase Interest rates?
by reyaz Mon Aug 08, 2022 7:52 am

» LPRT and CHOT old and profitable businesses, yet severely undervalued
by sheildskye Sun Aug 07, 2022 12:05 pm

» L G I L - Maharaja special
by Chula Sat Aug 06, 2022 6:24 pm

» Day Trader may find a stock attractive if it moves a lot during the day. Stock market for beginners and day traders
by Asoka Samarakone Sat Aug 06, 2022 11:54 am

» Foundation laid for Nestlé Lanka’s Rs.5bn factory expansion
by nilantha suranga Sat Aug 06, 2022 1:57 am

» HAYLEYS PLC (HAYL.N0000)
by cseboss Fri Aug 05, 2022 7:21 pm

» I can't understad your behaviour
by D.G.Dayaratne Fri Aug 05, 2022 6:56 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Economic crisis- the reality

Economic crisis- the reality

2 posters

Go down  Message [Page 1 of 1]

1Economic crisis- the reality Empty Economic crisis- the reality Fri Apr 06, 2012 10:06 pm

CSE.SAS

CSE.SAS
Global Moderator

April 6, 2012, 8:02 pm
Mr. Nihal Samarasingha (NS) in his letter to the opinion column of The Island of 5th April 2012 indicates a number of statistics to "prove" that the Sri Lanka Economy was not in a mess.

NS used the high GDP value reported in 2010 and 2011 to prove that the economy of the country is not in a mess. A high GDP does not necessarily indicate an increase in the productivity of a country and vice versa, and it can be considered as a dumb value with no significance. (For further details on GDP please refer "Misguiding Economic Statistics " in the Midweek Review of The Island of 2 Nov. 2011

NS refers to a low unemployment rate of 4.2 It would be good if NS can indicate from where he got this value and what he means by unemployment. For example does NS consider a person working one day per week employed or unemployed? To what category do farmers belong to?

NS indicates poverty is less than 5%. How did he arrive at this figure? In 2008, the World Bank came out with a figure of $1.25 as the poverty line. Thus according to World Bank, any person getting an income of over $1. 25 (app. Rs. 150) a day is not poor. In the present situation where the prices of many items have gone up Is this data valid?

NS indicates that our foreign reserves are at a comfortable level of more than three months of imports. NS appears to be not aware that by the end of the third quarter of 2001, our debts were around Rs. Billion 5,000. Out of this a substantial % constitutes foreign loans. This excludes the US $ 400.million which has been just approved by IMF.

Some facts/data given by NS in his letter published in The Island of 5th April 2012, to indicate that our economy is not in a mess are not related to the economy of the country. The figures given in the following table indicate whether our economy is in a mess or not.

If our economy is not in a mess there was no need to get a $2.6 billion loan from International Monetary Fund, and there was no need to impose taxes on even food items. It is better to face the reality and take appropriate measures to revive the economy.

Dr C.S.Weeraratna

(csweera@sltnet.lk)
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=49165

2Economic crisis- the reality Empty Re: Economic crisis- the reality Fri Apr 06, 2012 10:22 pm

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics


Thank you CSE.SAS.
The writer is bias. His words reflect that. Just see the following statement.All nonssence.Even USA borrow from China and many other countries.Can we say USA is in trouble. May be they are also facing temparoly issues. That is normal. But as an economy USA is world No. 01 yet.



quote,
"If our economy is not in a mess there was no need to get a $2.6 billion loan from International Monetary Fund, and there was no need to impose taxes on even food items. It is better to face the reality and take appropriate measures to revive the economy."

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum