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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Thilak Karunaratne to be re-appointed as SEC Chairman

Thilak Karunaratne to be re-appointed as SEC Chairman

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fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
if that's true market will be kill

kalanaym

kalanaym
Senior Equity Analytic
Senior Equity Analytic
http://www.adaderana.lk/news/29508/thilak-karunaratne-to-be-re-appointed-as-sec-chairman#.VL96txvR2ww.facebook

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
very Bad news He can't develop capital market

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
i thought With UNP Government will boost CSE with Foreign Funds

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
He is too old to understand the dynamism of stock market. I think Nalaka is a better choice.

RANGANA PERERA


Manager - Equity Analytics
Manager - Equity Analytics
Disaster for market.

keeper

keeper
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Dr Nalaka you are the man..........Don't go away...He has a good plan to develop the market..He done good job for the market.....

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Thilak Karunaratne will be re-appointed as Chairman of the Securities and Exchanges Commission of Sri Lanka, Minister Rajitha Senaratne told Ada Derana.

Tilak Karunaratne is a former Sri Lanka Freedom Party (SLFP) member who joined the United National Party (UNP) before joining the Sihala Urumaya. He is also a Chartered Chemist and was the Managing Director of Multiform Chemicals (Pvt) Ltd.

Earlier, Karunaratne submitted his resignation, on 17 August 2012, saying he had come under pressure from stock market players under investigation for stock manipulation.

http://www.adaderana.lk/news/29508/thilak-karunaratne-to-be-re-appointed-as-sec-chairman#.VL96txvR2ww.facebook

keeper

keeper
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Tomorrow another RED DAY or manipulation day?

NZ BOY

NZ BOY
Moderator
Moderator
@keeper wrote:Dr Nalaka you are the man..........Don't go away...He has a good plan to develop the market..He done good job for the market.....

yes he was doing a excellent job

StockGuru

StockGuru
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I think we might see a good movement in market as well as a good regulator soon if Thilak Karunaratne comes back to SEC.

Thilak Karunaratne was working hard to appoint a well qualified Director General to Securities and Exchange Commission those days with a pool that included a set of well qualified market oriented individuals including former Acting Director General Dr. Harendra Dissa Bandara, Harsha Fernando and Nishan Sumanadeera who were vying for the top post.

According to reports Attorney-at-law Harsha Fernando, is an Advisor at the Asian Development Bank and was formerly attached to the Attorney General’s Department. Dr. Harendra Dissa Bandara is the incumbent Director of the Financial Services Academy (FSA) under the purview of the Securities and Exchange Commission (SEC) of Sri Lanka and was a Senior Lecturer at the University of Sri Jayawardenepura (USJ) from 1990 to 2010.  Both Dr. Bandara and Fernando are old boys of S. Thomas’ College, Mt. Lavinia.

Those days reports also said that the top Investment Banker, Nishan Sumanadeera had facilitated some of the top investment ventures and transactions, and has mulled some of the biggest investments made by listed companies during the last three years.

Sumanadeera had been instrumental in making three post-war emerging ‘Conglomerates’ such as C.W. Mackie PLC; Lanka Orix Leasing (LOLC) PLC and Softlogic Holdings PLC diversify through their merger and acquisition strategies to reposition themselves for Sri Lanka’s next growth phase.

In 2009, Sumanadeera facilitated the sale of C.W. Mackie to Lankem Group worth over Rs1.4 billion, and also the 2010 Confifi Hotel Group sale to consortium made up of LOLC and Browns group in a deal worth over Rs 2.5 billion. Again Sumanadeera turned a page in the history of investment banking in Sri Lanka, with the facilitation of Softlogic Holdings’ acquisition of Asian Alliance Insurance in a Rs.3.3 billion deal, surpassing the large number of major acquisitions that took place in 2011.

It will be good if Harsha Fernando or Nishan Sumanadeera is being selected for SEC Director General post.

Those days Thilak said to be under political pressure to appoint Dr.Nalaka for the seat amidst Advertiser turned Investor who manipulated the market was putting pressure for Thilak to quit SEC when Thilak send a letter to investigate advertiser turned investor for manipulating PAP shares.



Last edited by StockGuru on Wed Jan 21, 2015 8:22 pm; edited 1 time in total

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Will see what happen

bandulawee


Manager - Equity Analytics
Manager - Equity Analytics
Too many controls. Too many investigations. Dull time at the market. Hope the interest rates go up so we can find some other investment opportunity.

Sarabulathwita

Sarabulathwita
Vice President - Equity Analytics
Vice President - Equity Analytics
@Quibit wrote:Thilak Karunaratne will be re-appointed as Chairman of the Securities and Exchanges Commission of Sri Lanka, Minister Rajitha Senaratne told Ada Derana.

Tilak Karunaratne is a former Sri Lanka Freedom Party (SLFP) member who joined the United National Party (UNP) before joining the Sihala Urumaya. He is also a Chartered Chemist and was the Managing Director of Multiform Chemicals (Pvt) Ltd.

Earlier, Karunaratne submitted his resignation, on 17 August 2012, saying he had come under pressure from stock market players under investigation for stock manipulation.

http://www.adaderana.lk/news/29508/thilak-karunaratne-to-be-re-appointed-as-sec-chairman#.VL96txvR2ww.facebook

patta hora stock brokers la tika diyawela yai - elahiri

sanna nanga 5

hettihewa


Senior Equity Analytic
Senior Equity Analytic



Tilak Karunaratne has no vision. He is politician who only wants to use SEC to promote him self.  You and I have invested money in CSE.

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
He is good in conducting post moterms but not so clever in curing heals.Best for investigations but not so good for developments.

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
He is good in conducting post moterms but not so clever in curing heals.Best for investigations but not so good for developments.

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
He is good in conducting post moterms but not so clever in curing heals.Best for investigations but not so good for developments.

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@soileconomy wrote:He is good in conducting post moterms but not so clever in curing heals.Best for investigations but not so good for developments.
What i told my friend was he's good for a principals rule.forget manipulation.he didnt do anythng good and the disicions taken was aufull.thilak and jkh combination pushed market to 4700.now jkh same story and if thilak is back??

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
He is likely to change the board of commissioners as well. Will there be a change in the DG's postions?

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