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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Is CHOGM bad for our economy ? CSE down!!

Is CHOGM bad for our economy ? CSE down!!

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Universalgoal


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
business forum is schedule to be held on 11th , pray for not to be a working lunch.

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Spending millions for flower pots and bus stands are obviously bad for the economy unless the suddhas and the Africans are impressed enough to invest/become tourists and we get return on the billions wasted on this ego boost.
But the recent CSE downturn is because people are pulling a bit of money to fund the massive debentures that came recently.

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
We will see more fun once the Bills start arriving after the summit.
Brace for the Emergency Landing. Very Happy 

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Main problem is mismanagement of financial system and economy
Not CHOGM

Basically one person is responsible for present situation in the  SL stock market.

But higher authorities not in a position to understand it

When they realize too late.

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Kithsiri wrote:We will see more fun once the Bills start arriving after the summit.
Brace for the Emergency Landing. Very Happy 
Any commercially viable oil or gas from Mannar basin? Rolling Eyes 

econ

econ
Global Moderator
of course we may see the consequences of the chogem in next few months.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
CHOGM could have been used as a catalyst for potential investment opportunities flowing into the country, if all the functions/activities are timely planned & presented impressively of ongoing economic, social, cultural aspects of the country. It is unsure or too early to comment how the administrators, advisers & the fleet of ministers coordinate each other effectively to gain the maximum out of this opportunity. After few quarters, success of all the efforts made, could be measured quantitatively & qualitatively as well, comparing to the huge amount of resources utilized. Hopefully, no additional burden on the shoulders of tax payers.Thinking positively, participation in high valued investment projects by member countries, targeting manufacturing & export oriented bases, should enhance the countries economic indicators, living standard & the capital market currently in question.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Effect of CHOGM will depend on how govt will managed it

If it is like " Navipille arrival"  the country will not get anything

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Interestingly there is no budget for the expenditure. So no limits imposed.
Even village boys preparing for "Dansala" have a budget!!

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
CHOGM is good for the country. But few member countries are againts SL (Govt) due to Human rights violation which is bad

Sam2020


Equity Analytic
Equity Analytic
@Hawk Eye wrote:CHOGM is good for the country. But few member countries are againts SL (Govt) due to Human rights violation which is bad
Yes, your point is correct Hawk Eye, When we consider their impact to Commonwealth its want be too small to measure....because their not the small economics like Vanuatu,Tuvalu.....
Those countries representing more than two third of the commonwealth economy ....

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
This CHOGM will be the biggest international event for H.E. in his lifetime. The day he accepts the CHOGM chair and makes his acceptance speech, the entire world spotlight will be on him & Sri Lanka momentarily. the biggest issue amongst the international  community are the human rights concerns. how if he uses this opportune moment in time to reach out and announce sweeping positive concessions on human rights matters ? could the whole ball game change ?   

just a very wild idea from totally left field Smile

Arena


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Think on followings be4 you comment..............

1) Dont compare your monthly income and the CHOGM expenditure. Take Sri lankan GDP or the Gov. total budget Vs CHOGM Budget.

2) If not now, When we can held these type of functions in Sri Lanka.

Tks

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Arena wrote:Think on followings be4 you comment..............
1) Dont compare your monthly income and the CHOGM expenditure. Take Sri lankan GDP or the Gov. total budget Vs CHOGM Budget.
2) If not now, When we can held these type of functions in Sri Lanka.Tks
Next constitutional amendment (when it would be I have no idea) should incorporate stop spending in such numbers.
Always there should be a maximum level imposed in relation to the Per Capita Income to stop such extravagance.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I do not think CHOGM  will not effect much to Stock market 

So far  Gov has managed  CHOGM well. Wimal  Weerawansa and the Dr are 

Silence .

Downward trend in the stock market May be due to flowing reasons

1. Investors think Economic management is very poor

 2.Manipulation by well known monitor of stock market manipulation

dhanurrox


Vice President - Equity Analytics
Vice President - Equity Analytics
@D.G.Dayaratne wrote:I do not think CHOGM  will not effect much to Stock market 

So far  Gov has managed  CHOGM well. Wimal  Weerawansa and the Dr are 

Silence .

Downward trend in the stock market May be due to flowing reasons

1. Investors think Economic management is very poor

 2.Manipulation by well known monitor of stock market manipulation
These days breaks are applied but by whom?

17Is CHOGM bad for our economy ? CSE down!! Empty Best wishes to CHOGM.... Mon Nov 11, 2013 9:04 pm

keeper

keeper
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Please add your comment about CHOGM

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