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.

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


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» ROYAL CERAMICS PLC (RCL.N0000)
by Dilip Today at 11:55 am

» GLAS will be winner with Super Gain.
by ronstyn53 Yesterday at 10:22 pm

» CIC HOLDINGS PLC (CIC.N0000)
by abey Yesterday at 9:07 pm

» First capital holdings CFVF.N0000
by invest thinker Yesterday at 4:46 pm

» LANKEM DEVELOPMENTS PLC (LDEV.N0000)
by Wolf86 Yesterday at 2:00 pm

» ???? අප්‍රේල් 16 ???? මේ දින 3 කෙටි සතියත් කොළපාටින් අවසන් වුනා
by dayandacool Yesterday at 1:58 pm

» Lanka Walltile PLC Investment Case
by judecroos Yesterday at 8:55 am

» Which is the best at current market condition ? ( At least 30% within 30 Days)
by judecroos Yesterday at 8:39 am

» Daily Foreign Transactions
by Pradeep90 Fri Apr 16, 2021 8:03 pm

» Big opportunity in Kegalle Plantations
by EquityChamp Fri Apr 16, 2021 2:58 pm

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by stockchaser Fri Apr 16, 2021 2:42 pm

» විජේදාසගේ... voice cut ප්‍රතිඵල
by nigma Fri Apr 16, 2021 11:59 am

» If you buy a stock that’s not going up in price, you won’t make any money. STOCK market for beginners
by dayandacool Fri Apr 16, 2021 11:31 am

» B P P L HOLDINGS PLC (BPPL.N0000)
by vikiperera Fri Apr 16, 2021 11:17 am

» VPEL VPEL VPEL
by invest thinker Fri Apr 16, 2021 10:23 am

» Thoughts on SINS
by Swissinvest Fri Apr 16, 2021 10:04 am

» VFIN / VPEL / PABC - Share SPLIT or VTWO ?
by WealthKing Fri Apr 16, 2021 8:33 am

» DIPD/HAYC/HAYL
by Harry82 Fri Apr 16, 2021 5:46 am

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Jana Thu Apr 15, 2021 11:15 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by learningthemarket Thu Apr 15, 2021 8:18 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » How to think about Sri Lanka electricity tariffs

How to think about Sri Lanka electricity tariffs

Go to page : Previous  1, 2, 3, 4  Next

Go down  Message [Page 3 of 4]

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@No wrote:
@Redbulls wrote:
@Whitebull wrote:
@Redbulls wrote:@No,slstock and others

All of you are wasting time.

Head strong, adament,biased,blind follower can't understand the reality.
These type of guys are preeching one thing and practising another thing in their day to day life.
We can catogarised them as mentally retarded or mentally sick or mania based .
One thing is sure that "dog tail couldn't be straightened"
Well done....now you are showing ur real TERRORIST CHARACTOR

Aha started terrorist bla bla like your patriotic masked bosses.
Ya boss this is like government news.Some tries to talk against u he is a terrorist or depending on dollars.Lol.Redbull you said we shouldn't argue with them.Why not.Let's have some fun remembering the way these poor souls think.And one day before death they will understand the reality and remember what we said. Very Happy
What else can I expect from a brain-washed fellow who does not know that he has been brain washed.... !!!

Redbulls


Director - Equity Analytics
Director - Equity Analytics
@No wrote:
@Redbulls wrote:
@Whitebull wrote:
@Redbulls wrote:@No,slstock and others

All of you are wasting time.

Head strong, adament,biased,blind follower can't understand the reality.
These type of guys are preeching one thing and practising another thing in their day to day life.
We can catogarised them as mentally retarded or mentally sick or mania based .
One thing is sure that "dog tail couldn't be straightened"
Well done....now you are showing ur real TERRORIST CHARACTOR

Aha started terrorist bla bla like your patriotic masked bosses.
Ya boss this is like government news.Some tries to talk against u he is a terrorist or depending on dollars.Lol.Redbull you said we shouldn't argue with them.Why not.Let's have some fun remembering the way these poor souls think.And one day before death they will understand the reality and remember what we said. Very Happy
Million time agree with you.
But to understand, these guys need brain no?
I think they got some clay.

Entertainment, in talk and news section run by back boneless patriotic masked guy. We'll enjoy.

No


Senior Equity Analytic
Senior Equity Analytic
@Whitebull wrote:
@No wrote:
@Redbulls wrote:
@Whitebull wrote:
@Redbulls wrote:@No,slstock and others

All of you are wasting time.

Head strong, adament,biased,blind follower can't understand the reality.
These type of guys are preeching one thing and practising another thing in their day to day life.
We can catogarised them as mentally retarded or mentally sick or mania based .
One thing is sure that "dog tail couldn't be straightened"
Well done....now you are showing ur real TERRORIST CHARACTOR

Aha started terrorist bla bla like your patriotic masked bosses.
Ya boss this is like government news.Some tries to talk against u he is a terrorist or depending on dollars.Lol.Redbull you said we shouldn't argue with them.Why not.Let's have some fun remembering the way these poor souls think.And one day before death they will understand the reality and remember what we said. Very Happy
What else can I expect from a brain-washed fellow who does not know that he has been brain washed.... !!!
How can I convince a brainwashed fellow that that I'm not brain washed. Very Happy Oh God it's so hard.

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Redbulls wrote:
@No wrote:
@Redbulls wrote:
@Whitebull wrote:
@Redbulls wrote:@No,slstock and others

All of you are wasting time.

Head strong, adament,biased,blind follower can't understand the reality.
These type of guys are preeching one thing and practising another thing in their day to day life.
We can catogarised them as mentally retarded or mentally sick or mania based .
One thing is sure that "dog tail couldn't be straightened"
Well done....now you are showing ur real TERRORIST CHARACTOR

Aha started terrorist bla bla like your patriotic masked bosses.
Ya boss this is like government news.Some tries to talk against u he is a terrorist or depending on dollars.Lol.Redbull you said we shouldn't argue with them.Why not.Let's have some fun remembering the way these poor souls think.And one day before death they will understand the reality and remember what we said. Very Happy
Million time agree with you.
But to understand, these guys need brain no?
I think they got some clay.

Entertainment, in talk and news section run by back boneless patriotic masked guy. We'll enjoy.
Happy Union Laughing Laughing Laughing

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@No wrote:
@Whitebull wrote:
@No wrote:
@Redbulls wrote:
@Whitebull wrote:
@Redbulls wrote:@No,slstock and others

All of you are wasting time.

Head strong, adament,biased,blind follower can't understand the reality.
These type of guys are preeching one thing and practising another thing in their day to day life.
We can catogarised them as mentally retarded or mentally sick or mania based .
One thing is sure that "dog tail couldn't be straightened"
Well done....now you are showing ur real TERRORIST CHARACTOR

Aha started terrorist bla bla like your patriotic masked bosses.
Ya boss this is like government news.Some tries to talk against u he is a terrorist or depending on dollars.Lol.Redbull you said we shouldn't argue with them.Why not.Let's have some fun remembering the way these poor souls think.And one day before death they will understand the reality and remember what we said. Very Happy
What else can I expect from a brain-washed fellow who does not know that he has been brain washed.... !!!
How can I convince a brainwashed fellow that that I'm not brain washed. Very Happy Oh God it's so hard.
හැම පිස්සම කියනවලු තමන්ට පිස්සු නැතෙයි අනෙක් එකාටය පිස්සු කියලා

wiki


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Coming back to the original topic after series of bullshits

It is true that we cant allow loss of these institutions further burden to the country and we cant just restructure the CEB only.. all are connected..many gov institutions has debt to ECB and to CPC.

I dont think giving just to the private sector will solve the problem. It is good to have competition but can we compare telecom sector with other sectors equally??

Is ECB and CPC was loss making form their inception.. I dont think.. so when and what went wrong.. one thing fore sure we need to find ways and means to reduce the production cost...

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Ofcourse one cannot and one should not privatize entities like CEB and CPC suddenly. There will be serious issues on hand if we do so. But when one entity has all the authority lot of things can go wrong. Look what happened to Russia.


I would ask CPC these simple question to begin with

a) When petrol and diesel prices are around arguably $4 on world average ( http://money.cnn.com/pf/features/lists/global_gasprices/) and when CPC is selling petrol at RS 160 and diesel at Rs 120 we we still making a profit?
If not are we buying at higher rates than average? If so why ?

b) Yes, giving subsidies in a country like ours is needed to an extent. But when subsidies given to lighten public burden how is it becoming a bigger burden to public? So where is the benefit coming to the public ? You have got it wrong.

CEB:

a) Due to higher utilization of Hydro power plants in the recent past which should bring down the cost of production, why are costs going up further than before. It is simply to cover up the previous debt right? So on one hand you say you helping public all these years by giving cheaper electricty but all that happened was to add more debt and burden back to public and industry.

b) Look at http://en.wikipedia.org/wiki/Electricity_pricing

http://www.statista.com/statistics/13020/electricity-prices-in-selected-countries/


Notice Sri Lankan tariff are very high specially for a low income country. Where the electricy costs are high, usually the income is high.

Further to the above please read my previous post on the thinking issue with the new tarrifs.

c) Have we looked at the most economical practical options to generating electricty? Even importing partly from India should be considered. Is Norochchole an assert or a burden now?

CPC and CEB and Govn

Okay . Let say what happened happened.

a) How about now doing a thorough but genuine investigation to find where the funds are mismanaged?
Anyone want to be genuine here. That is if you really care.

b) Do you admit appointing people with no real management skills or henchman is not going to solve this problem.
Is it obvious that CEB needs to be restructured and management ( I don't care even foreign if they can do the job correctly) needs to replaced until we see progress.

These patch up solutions and promising next year excess chagres are going to be removed is not good enough.


I ask all of you again

a) how come during certain period Air Lanka/Sri Lankan made profit and now in bad shape.
b) After take over by state is SUGA and Sevanagala making better productivity.
c) Why are most state companies not profit making?

Is it a fluke.

Or is it due to corruption? Is it due to bad management ? Is it due to internal and extrenal politics. Or is it due to all 3?


@wiki wrote:
It is true that we cant allow loss of these institutions further burden to the country and we cant just restructure the CEB only.. all are connected..many gov institutions has debt to ECB and to CPC.

I dont think giving just to the private sector will solve the problem. It is good to have competition but can we compare telecom sector with other sectors equally??

Is ECB and CPC was loss making form their inception.. I dont think.. so when and what went wrong.. one thing fore sure we need to find ways and means to reduce the production cost...

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@slstock

First of all CPC, CEB and Sri Lankan are the nations biggest assets (believe it or not) Wink

From a revenue perspective CPC is about 600 Billion, CEB is about 150 Billion and Sri Lankan is about 100 Billion.....these are rough figures given the previous financial reports and the growth since then. That's a lot of cash.

The reason why these have failed is as follows:
1) Sri Lankan needs to support a large amount of routes at unsustainable prices because there is no one willing to do this. Sri Lankan needs to spend a lot on maintenance that is very expensive and the safety record is commendable.

Sri Lankan needs to stop buying planes and rather enter into long term lease agreements where shocks are spread. Also there needs to be more code sharing since landing fees/slots are also expensive.

2) CPC needs to shut down the refinery and focus on the storage and importation of end-products. The refinery is inefficient and expensive. New storage tanks need to be built. The CPTSL is the profitable arm of the CPC.

When acquiring oil, the CPC should enter into long term oil contracts where the oil price is determined on the average price 2 days before departure/2 days befor entry. The Singopore Lite Crude Brent Index contains a premium cost since delivery is overnight (which we logistically cannot take advantage of) ..... Refined products direct from overseas refineries are cheaper than the Singapore Spot.

3) CEB should not purchase furnace oil from the CPC (actually it can't in the above scenario as the refinery is shut down). Instead furnace oil should be purchased directly from India. ... The CEB is the hardest to fix since electricity capacity cannot be generated overnight. We should have a backup line in India though Razz

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@slstock wrote:Or is it due to corruption? Is it due to bad management ? Is it due to internal and extrenal politics. Or is it due to all 3?
In your post you have identified the problems. Then solve it. Of course it is easier to sell it to private sector and wash the hands. But it has the potential for serious long term consequences.
Solving these issues are really difficult but if we can atleast minimize these issues it is worth to keep these rather than selling it.

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Whitebull wrote:
@slstock wrote:Or is it due to corruption? Is it due to bad management ? Is it due to internal and extrenal politics. Or is it due to all 3?
In your post you have identified the problems. Then solve it. Of course it is easier to sell it to private sector and wash the hands. But it has the potential for serious long term consequences.
Solving these issues are really difficult but if we can atleast minimize these issues it is worth to keep these rather than selling it.

Refer to my other post. All 3 SOEs can be kept. But I do believe that the Govt should enter into Technical Assistance contracts where the management is outsourced to Dutch/European firms.

Over time these should be brought into the stock market so that transparency can be maintained and we don't get these year-end headlines about profits/losses

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@rainmaker wrote:
@Whitebull wrote:
@slstock wrote:Or is it due to corruption? Is it due to bad management ? Is it due to internal and extrenal politics. Or is it due to all 3?
In your post you have identified the problems. Then solve it. Of course it is easier to sell it to private sector and wash the hands. But it has the potential for serious long term consequences.
Solving these issues are really difficult but if we can atleast minimize these issues it is worth to keep these rather than selling it.

Refer to my other post. All 3 SOEs can be kept. But I do believe that the Govt should enter into Technical Assistance contracts where the management is outsourced to Dutch/European firms.

Over time these should be brought into the stock market so that transparency can be maintained and we don't get these year-end headlines about profits/losses
Yes...we need to discuss the ways to overcome these issues rather than discussing selling as an option.

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Whitebull wrote:
@rainmaker wrote:
@Whitebull wrote:
@slstock wrote:Or is it due to corruption? Is it due to bad management ? Is it due to internal and extrenal politics. Or is it due to all 3?
In your post you have identified the problems. Then solve it. Of course it is easier to sell it to private sector and wash the hands. But it has the potential for serious long term consequences.
Solving these issues are really difficult but if we can atleast minimize these issues it is worth to keep these rather than selling it.

Refer to my other post. All 3 SOEs can be kept. But I do believe that the Govt should enter into Technical Assistance contracts where the management is outsourced to Dutch/European firms.

Over time these should be brought into the stock market so that transparency can be maintained and we don't get these year-end headlines about profits/losses
Yes...we need to discuss the ways to overcome these issues rather than discussing selling as an option.

But others (@slstock, redbulls) have a point that the level of wastage has come to level that selling just removes the problem all together. Even if we sell the assets we can regulate the price through a Public Utilities Commission..... Sri Lankan airlines is another story though.

The biggest issue is that we do not have enough technical assistance on how to run these. For example CPC is no longer a joke. It requires the very best paid consultants and we have to do that.

The same is for the CEB.

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@No wrote:

J.R.P suriyapperuma, Jakson Anthani,Nalin Silva wage ayada danna.Oyage kade yana nawe inna ugath ......... Razz.Kattiya hodata nanawa.

I agree with you on others, their only existence is preaching the current govt.
I think we have take our Pro. Nalin from this list.. He got some points if you carefully let him explain his theories..

Lately I've watched this controversial Doramadalawa program. Pro. Nalin lost his temper heavily and may have been adamant enuf to add a bad name to his profile. However, if you put ur self in his shoes, my opinion is you'd have done the same thing.. Some ppl dont like to be disturbed while explaining something. At the end, if you throw any questions they'd be much obliged to answer without hesitation. So understanding that is the duty of coordinator.

The bad thing is, these media men dont let it happen. They want everyone who came for a discussion to praise their words.. To prove that they are correct. The man who goes against their view gets many questions and interruptions.

But the fact is; this person has done over 20 years of research to defend his theories Very Happy So there gotta be a point if we really wanna listen to him.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Rain,


I like it when people give constructive replies with broader minded suggestions which you have done. I admire that.

My quick reply is below in green.


@rainmaker wrote:@slstock

First of all CPC, CEB and Sri Lankan are the nations biggest assets (believe it or not) Wink

I have to agree CPC and CEB are big assets. But again I maintain these are not national treasures.


From a revenue perspective CPC is about 600 Billion, CEB is about 150 Billion and Sri Lankan is about 100 Billion.....these are rough figures given the previous financial reports and the growth since then. That's a lot of cash.

The reason why these have failed is as follows:

1) Sri Lankan needs to support a large amount of routes at unsustainable prices because there is no one willing to do this. Sri Lankan needs to spend a lot on maintenance that is very expensive and the safety record is commendable.

Agreed


Sri Lankan needs to stop buying planes and rather enter into long term lease agreements where shocks are spread. Also there needs to be more code sharing since landing fees/slots are also expensive.

For this a cost benefit analysis needs to be done. But yes, with present cash flow, buying planes outright is a big burden which will slower returns. That money can be used to something more efficiently


2) CPC needs to shut down the refinery and focus on the storage and importation of end-products. The refinery is inefficient and expensive. New storage tanks need to be built. The CPTSL is the profitable arm of the CPC.

I need to check with my engineering associates about the techincal details of refinery maintaince costs.
So cannot comment. Anyway from memory believe one of the middle east countries wanted to fund/build a refinery here. Why? In such issues we need to look at hidden catches



When acquiring oil, the CPC should enter into long term oil contracts where the oil price is determined on the average price 2 days before departure/2 days befor entry. The Singopore Lite Crude Brent Index contains a premium cost since delivery is overnight (which we logistically cannot take advantage of) ..... Refined products direct from overseas refineries are cheaper than the Singapore Spot.

Agreed . But they made some changes lately. Do you know what they are?



3) CEB should not purchase furnace oil from the CPC (actually it can't in the above scenario as the refinery is shut down). Instead furnace oil should be purchased directly from India. ... The CEB is the hardest to fix since electricity capacity cannot be generated overnight. We should have a backup line in India though Razz

Agree with looking at India as a resource. The subsidies given to CEB is draining in 2 ways

As we cannot be experts in everything or manage everything , we expect the Govn to efficiently tackle the issues at CPC and CEB. It it not our job to solve CEB and CPC issues . But this is a big concern for us as we are paying for inefficieny and follies of some others. That why I waste time here on comment h hoping that someone ( I have a feeling some govn authorities are watching theforum) .

I can say in my realm, I am right now even fight/ing for fairness, justice , reduce wastage and improve efficiency with productivity. Also I try to direct my energy more to places where action can be taken.

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@rainmaker wrote:@slstock

First of all CPC, CEB and Sri Lankan are the nations biggest assets (believe it or not) Wink

From a revenue perspective CPC is about 600 Billion, CEB is about 150 Billion and Sri Lankan is about 100 Billion.....these are rough figures given the previous financial reports and the growth since then. That's a lot of cash.

The reason why these have failed is as follows:
1) Sri Lankan needs to support a large amount of routes at unsustainable prices because there is no one willing to do this. Sri Lankan needs to spend a lot on maintenance that is very expensive and the safety record is commendable.

Sri Lankan needs to stop buying planes and rather enter into long term lease agreements where shocks are spread. Also there needs to be more code sharing since landing fees/slots are also expensive.

2) CPC needs to shut down the refinery and focus on the storage and importation of end-products. The refinery is inefficient and expensive. New storage tanks need to be built. The CPTSL is the profitable arm of the CPC.

When acquiring oil, the CPC should enter into long term oil contracts where the oil price is determined on the average price 2 days before departure/2 days befor entry. The Singopore Lite Crude Brent Index contains a premium cost since delivery is overnight (which we logistically cannot take advantage of) ..... Refined products direct from overseas refineries are cheaper than the Singapore Spot.

3) CEB should not purchase furnace oil from the CPC (actually it can't in the above scenario as the refinery is shut down). Instead furnace oil should be purchased directly from India. ... The CEB is the hardest to fix since electricity capacity cannot be generated overnight. We should have a backup line in India though Razz

I like the way u've put this down.. Rather than closing the refinery how about making it more efficient by repairing it.. Of course if the cost is non-justifiable, no option other than closing down. But the refined end products are too costly, even the crude oil barrel goes down, govt cant bring down the price since we import refined-oil.

Then, I think we have too much of inefficiency running in these entities too, may be due to over-staff. Administration costs would not go in par with the profits they make and we, public foot the bills, imo? A uninteresting may be the need of the century.

@rainmaker wrote:
But others (@slstock, redbulls) have a point that the level of wastage has come to level that selling just removes the problem all together. Even if we sell the assets we can regulate the price through a Public Utilities Commission..... Sri Lankan airlines is another story though.

The biggest issue is that we do not have enough technical assistance on how to run these. For example CPC is no longer a joke. It requires the very best paid consultants and we have to do that.

The same is for the CEB.

Yes, at least semi-govt concept would work here.. These mutt heads cannot do something properly. Even with a minister who has a eng. degree failed to re-vamp the CEB. I dont believe its his problem but it seems like his hands are tied.. Laughing
How many govt entities CEB and CPC give power and fuel FOC? Stupid enuf that we pay their bills.
Now that we have lady in the ministry, she tries to bring the electricity bills sky high taking the Singapore as an example Laughing ..Are our GDP is high enuf to do such is the million dollar question.

How about for CEB, investing in Wind and Solar power farms? I heard one Indian city has been chosen to establish a solar farm to generate electricity for that area. So where SL is on this?
Isn't our R&D budget is the lowest compared to other rising countries?

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@smallville wrote:
@No wrote:

J.R.P suriyapperuma, Jakson Anthani,Nalin Silva wage ayada danna.Oyage kade yana nawe inna ugath ......... Razz.Kattiya hodata nanawa.

I agree with you on others, their only existence is preaching the current govt.
I think we have take our Pro. Nalin from this list.. He got some points if you carefully let him explain his theories..

Lately I've watched this controversial Doramadalawa program. Pro. Nalin lost his temper heavily and may have been adamant enuf to add a bad name to his profile. However, if you put ur self in his shoes, my opinion is you'd have done the same thing.. Some ppl dont like to be disturbed while explaining something. At the end, if you throw any questions they'd be much obliged to answer without hesitation. So understanding that is the duty of coordinator.

The bad thing is, these media men dont let it happen. They want everyone who came for a discussion to praise their words.. To prove that they are correct. The man who goes against their view gets many questions and interruptions.

But the fact is; this person has done over 20 years of research to defend his theories Very Happy So there gotta be a point if we really wanna listen to him.
One of....may be only...fair comment about Prof.Nalin I have read in this forum.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Present GOVT give peace dividends to their friends and relations only

Not even for the people who work for them during the election time

They will sea unexpected results any movement



Last edited by D.G.Dayaratne on Mon Mar 18, 2013 9:03 am; edited 1 time in total (Reason for editing : correction)

wiki


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
We need to find ways and means to reduce the production cost of electricity.. no mater we buy from India or going to renewable energy and coal power and the mean time need to revise some power purchasing agreements for the best interest of the country..

Get qualified people to manage these SOE especially ECB and CPC.. and fine those culprits responsible for hedging deal..

Listing in the CSE is good option.. It is better to give air lanka to private operator like Emirates who will promote tourism at the same time and Mihin should be closed or amalgamated to air lanka.

What i feel is solving this mess is not easy and giving to private sector want be a best solution also..

wiki


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@smallville wrote:
@No wrote:

J.R.P suriyapperuma, Jakson Anthani,Nalin Silva wage ayada danna.Oyage kade yana nawe inna ugath ......... Razz.Kattiya hodata nanawa.

I agree with you on others, their only existence is preaching the current govt.
I think we have take our Pro. Nalin from this list.. He got some points if you carefully let him explain his theories..
But the fact is; this person has done over 20 years of research to defend his theories Very Happy So there gotta be a point if we really wanna listen to him.

what i cant understand is why this prof allow his children to study the so called western science (esp Electronics).. i think he is either cheating the innocent people from the village who blindly follow his words or his children does not listening him.. Very Happy

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@wiki wrote:
@smallville wrote:
@No wrote:

J.R.P suriyapperuma, Jakson Anthani,Nalin Silva wage ayada danna.Oyage kade yana nawe inna ugath ......... Razz.Kattiya hodata nanawa.

I agree with you on others, their only existence is preaching the current govt.
I think we have take our Pro. Nalin from this list.. He got some points if you carefully let him explain his theories..
But the fact is; this person has done over 20 years of research to defend his theories Very Happy So there gotta be a point if we really wanna listen to him.

what i cant understand is why this prof allow his children to study the so called western science (esp Electronics).. i think he is either cheating the innocent people from the village who blindly follow his words or his children does not listening him.. Very Happy
Well he is not an extremist. On the other hand does he ask anyone to not go to school ?
He asks to make our own knowledge based on our things while absorbing (not imitating) things from other knowledge. If we blindly worship western knowledge like most of educated lot can we make such a knowledge ? That is one reason for his criticism of western knowledge. But till we develop our own knowledge we need to follow the path we are using now for our survival.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@slstock wrote:

Right now it is very clear how CPC and CEB has become a public burden . Mainly to the lower and middle class people. Looking at thinking behind the tariff structure 90 units seems to have been allocated as "upper class house" looking at the jump. On a practical side to live below 90 units mean you have to have small house and very few electrical appliances . ( Now if you want to use an AC units and water geysers units will jump more than 300. Isn;t this a practical way to figure out who want to lead luxury life) So going with the thinking behind this structure I see if lower middle class want to come to upper middle class it will be a big challege.

Thinking also need to change if we need to develop a country.

SLstock



Further to my above comments see the below article . I highlighted some key sentences with good and bad . Also this discussion here might be helpful to PUC.






A leading business chamber fears the upcoming electricity price revision could be both unfair and unrealistic.

"We have good reason to believe that the middle class will really suffer as a result of the upcoming electricity price revision, where tariffs for this category of households will be increased by 40 to 60 percent, whereas users of a higher number of units would actually see a decline," Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) Kumar Mallimaratchi said.

The country’s middle class has been growing in recent years.

"The government must be realistic and fair. True the middle class is growing but it cannot milk the cow just because it is there," he said addressing a forum on consumer rights last week jointly organised by the chamber and the Institute of Policy Studies.

Mallimaratchi said a rise in electricity tariffs would affect incomes in the hotels sector as well.

The Public Utilities Commission (PUC) is in the process of collecting views on the revision from the public.

"We are looking for constructive suggestions on how we can reduce costs at the CEB, and not, like most have done, comments that electricity rates are already too high," PUC Director General Dhamitha Kumarasinghe told the forum.

He said the PUC had a thankless task of balancing the interests of all stakeholders.

The CEB, in its submissions to the PUC, has said costs for 2013 would be Rs. 268 billion.

Kumarasinghe said the PUC trimmed down Rs. 40 billion from this because, being a natural monopoly, the CEB had included other incidental costs as well.

"If we receive recommendations which would help us trim down a further Rs. 20 billion, it would be a significant achievement and this is what we want from business chambers and professionals. Even politicians are welcome to make recommendations. The invitation is open to all," he said.

The PUC Director General said the proposed tariff revision does not consider the effectiveness of management at the CEB, nor its dues from other government institutions.

Transmission loss which was 13.7 percent in 2011 was reduced to 12 percent in 2012 and is expected to come down to 11 percent by 2015.

"The 1.7 percent fall in transmission loss in 2012 amounts to a savings of Rs. 5 billion," Kumarasinghe said.


Opposition lawmakers are divided on the matter.

UNP MP Dr. Harsha De Silva said the government has no option but pass-through energy and transport costs to reflect global oil price movements.

"This is the only solution to the problem and it was the UNP that introduced pricing formulae in 2002, which the government rejected outright when it came into power. The Balance of Payments problems in 2008 and 2011/12 were largely caused by not allowing the CPC and CEB to adjust their prices accordingly. And, with the government desperate for financing, the people would have to bear the adjustments to prices," Dr. De Silva earlier told The Island Financial Review.

Dr. De Silva cautions that the government should not try to heap the entire burden (CPC, CEB losses) on the people all at once. "People are already finding it difficult to survive with the cost of living moving up drastically, so the government must give thought to how these price changes would come about. Also, wages should be increased to reflect the changes in inflation, this is only fair."

Dr. De Silva argues that if energy and transport prices were allowed to reflect global realities, then the economy would benefit in the medium to long term. This is because the economy would save when prices are too high. This would also reduce the need for the government to introduce ad hoc tax increases. It would also help contain budget deficit and keep interest rates and inflation stable and under control.

JVP MP Sunil Handunnetti told The Island Financial Review that his party will not support moves to adjust domestic energy and transport prices to reflect global oil price movements.

"Global oil price movements do not apply in Sri Lanka because we have seen the government increase prices when global oil prices fall, and reduce prices when global oil prices rise, depending when elections are being held. The massive losses sustained by the CPC and CEB for decades suggest a structural problem, where graft, inefficiencies, corruption and fraud are the norm. The government, heavily in debt and depending on debt to sustain itself, has no option but pass down price increases on to its ever-willing closest friend, the people. Domestic energy and transport prices would most definitely be increased soon, and it is the people who would have to bear the full brunt of these adjustments. The government may then see its revenues increase and this would be used to finance its excesses, like hosting night races, and the people would be invited to witness Lamborghini races for free as a reward," Handunnetti said.

"There is one way out of this problem. The government has to voluntarily reduce graft, corruption and fraud. This will create space for loss making enterprises to make a recovery. Merely passing down price adjustments on to the people will not work, and it is not fair," Handunnetti said.

http://forum.srilankaequity.com/t26661-middle-class-in-for-a-shock-electricity-tariffs-could-increase-40-to-60-percent-warns-chamber-head

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@wiki wrote:
@smallville wrote:
@No wrote:

J.R.P suriyapperuma, Jakson Anthani,Nalin Silva wage ayada danna.Oyage kade yana nawe inna ugath ......... Razz.Kattiya hodata nanawa.

I agree with you on others, their only existence is preaching the current govt.
I think we have take our Pro. Nalin from this list.. He got some points if you carefully let him explain his theories..
But the fact is; this person has done over 20 years of research to defend his theories Very Happy So there gotta be a point if we really wanna listen to him.

what i cant understand is why this prof allow his children to study the so called western science (esp Electronics).. i think he is either cheating the innocent people from the village who blindly follow his words or his children does not listening him.. Very Happy

Firsly, the man cannot change the education system.. I heard that he teaches the western things by saying that its useless too Wink But being an academic, he can only teach anything outside the curriculum to some extent only. He can only point out the problems and perhaps the remedies too.

Secondly, we habitually think from western mind cuz we've learn it and also our minds are not developed to a level where we could grasp the things in sophistication in a fraction of time. Therefore, if any controversial view to our learning to be taught, it has to be done with care and slow. Unfortunately for that, we dont have time.

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@smallville wrote:
@wiki wrote:
@smallville wrote:
@No wrote:

J.R.P suriyapperuma, Jakson Anthani,Nalin Silva wage ayada danna.Oyage kade yana nawe inna ugath ......... Razz.Kattiya hodata nanawa.

I agree with you on others, their only existence is preaching the current govt.
I think we have take our Pro. Nalin from this list.. He got some points if you carefully let him explain his theories..
But the fact is; this person has done over 20 years of research to defend his theories Very Happy So there gotta be a point if we really wanna listen to him.

what i cant understand is why this prof allow his children to study the so called western science (esp Electronics).. i think he is either cheating the innocent people from the village who blindly follow his words or his children does not listening him.. Very Happy

Firsly, the man cannot change the education system.. I heard that he teaches the western things by saying that its useless too Wink But being an academic, he can only teach anything outside the curriculum to some extent only. He can only point out the problems and perhaps the remedies too.

Secondly, we habitually think from western mind cuz we've learn it and also our minds are not developed to a level where we could grasp the things in sophistication in a fraction of time. Therefore, if any controversial view to our learning to be taught, it has to be done with care and slow. Unfortunately for that, we dont have time.
You are quite right. When he taught western knowledge he does not make learners to slaves to western knowledge. What most of other teachers are doing is they make their learners to slaves to western knowledge. Actually when we learned in school what did we feel about our ancestors ? While western people were discovering, creating, innovating things what did our people do ? This deterioration in self respect and self dignity makes us worship to western knowledge.....But it needs not to.....It is because our system is different from their(western) system.
Here I am talking about before the colonial era. Our aim was different from their aim. Our aim was towards the NIRVANA. To achieve that we need to methodically iradicate the greediness and endless satisfication of five organs. In western system their aim is to satisfy the five organs. So they make things to satisfy our five organs. We did not even think about those things. That is why our ancestors were far behind from western people in those sectors. That is not because they were unintelligent or less intelligent. When it comes to the basic needs of people our ancestors were expert. Just look at the constructions, irrigation, agriculture, even Sinhala medicine.....They were experts in those areas. Actually western people can not believe those things. They think that we got some support from aliens when our ancestors did those amazing works. That is the reason they have put Sinhala language in to the voyager space craft which is going to outer space.
But now thanks to colonial era our aim has changed to their aim. So now we are far behind them and it is really difficult to go back again to our original aim.
Now we are under the terrorism of western knowledge which is by far worst terrorism as we can not understand it is as terrorism. So if we want our dignity and self respect we need to make knowledge based on our things and we need to absorb good things from other knowledge systems to our knowledge.

No


Senior Equity Analytic
Senior Equity Analytic
@No wrote:Whitebull, chinwi
Anduwata p.... dena ugath modayo dennek. They have direct relations or they are benefiting from the present government.They are blinded and no point arguing with them.Let the show continue.Two days more for another drama.
Fishing harbour,teledrama village without dramas and cricket ground where you cant identify a player even.keep going.
Cricket ground paying off.Around 100 to watch the match.Earlier some flying creatures were there and players were lying on ground.Not match delayed due to power failure.Adenawa oii.Anyway upto whitebull washing machine.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Are they going to implement with without any revision. Waht about the craxy jumps from 90 to 91 or 180 to 181

Sponsored content


Back to top  Message [Page 3 of 4]

Go to page : Previous  1, 2, 3, 4  Next

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