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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » COPE report & banking system

COPE report & banking system

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1COPE report & banking system Empty COPE report & banking system Thu Jul 25, 2013 11:36 am

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Recently presented COPE report has identified four public enterprises on top of the list which have been recognized as white elephants over years, due to inefficiency, corruption, mismanagement, bureaucracy & politicization are on verge of collapse which directly or indirectly bring an serious impact to country's banking system. So far, no visible & clear blueprint is set on for CEB, CPC, Mihin & Lankan airways how to come out from bogey situation that has dumped billions of tax payers money. A substantial amount of money are in the form bank facilities/loans obtained from commercial banking sector. Non recovery of such loans & interests would be the bad debts of banking sector which has major impact of cash circulation among public that keeps them away from investing activities. Some may not agree that this point will be an added factor to some extent for swinging market particularly in banking sector. Reliable data & information is still missing from public or misleading figures given to public as the majority does not enjoy the concept of right to access/have information. Moody's comments on methodology used on financial consolidation & foreign reserves have been added fuel to economic indicators what public reads through the media.

2COPE report & banking system Empty Re: COPE report & banking system Thu Jul 25, 2013 12:43 pm

VISA


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
This year CEB will have minimum LKR 50 billion surplus at Current running Averages for the whole year.

Other 3 no idea.

3COPE report & banking system Empty Re: COPE report & banking system Thu Jul 25, 2013 12:58 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
The CPC and the CEB revenues get credited to respective bank accounts. The account cannot be changed.

The loan instalments are automatically deducted. The balance is allowed for CPC, CEB distribution

The amount left over is not enough to pay wages because you guys get paid so high ! Razz 

So the banks are safe .... your jobs aren't

SL airlines is a different story. Code sharing is not profitable

4COPE report & banking system Empty Re: COPE report & banking system Fri Jul 26, 2013 12:42 am

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Lets pray more n more rain in hydropower catchment areas.

Any government should NOT run a budget airline. That's an impossible task.

5COPE report & banking system Empty Re: COPE report & banking system Fri Jul 26, 2013 12:55 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Catchment areas have been overflowing for the last three months. Efficiency in high usage of hydro power should recede the high cost being charged to community.

6COPE report & banking system Empty Re: COPE report & banking system Fri Jul 26, 2013 1:18 pm

yaka

yaka
Manager - Equity Analytics
Manager - Equity Analytics
@UKboy wrote:Lets pray more n more rain in hydropower catchment areas.

Any government should NOT run a budget airline. That's an impossible task.

i dont get that.there are lot of state run budget airlines mostly run as fully owned company of national carrier.y not only for sri lanka.i think it's all about management

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