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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ »  UNP Government Disaster for Economy

UNP Government Disaster for Economy

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21   UNP Government Disaster for Economy  - Page 2 Empty Re: UNP Government Disaster for Economy Fri Jan 30, 2015 9:14 pm

tha


Senior Equity Analytic
Senior Equity Analytic
Why you guys speak rubbish. If the oil price is reduced that itself will facilitate a growth within every citizenry. Like what see in our neighboring country.

22   UNP Government Disaster for Economy  - Page 2 Empty Re: UNP Government Disaster for Economy Fri Jan 30, 2015 9:52 pm

Vptilak


Manager - Equity Analytics
Manager - Equity Analytics
@Senior Citizen wrote:
@nalban wrote:Also better have a look of essential items defined by Ravi K . He does not even know what our common people eat.

The Sri Lankans eat sprats and drink coriander.
Haalmasso and Koththamalli! Very Happy

Where are  you living 80 % of srilankans eat sprats. Dont you think so?

23   UNP Government Disaster for Economy  - Page 2 Empty Re: UNP Government Disaster for Economy Fri Jan 30, 2015 9:54 pm

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@tha wrote:Dear. Dont you all understand the basics of ecconomy. When a givernment is giving relief like this it is obviously increase the purchasing power so obviously there will be more business created in the market as well as mote disposable income for savings and invesments including capital market. So how come it will affect cse????? This is pure diversion...

Since there is no immediate plan to increase productivity, these concessions would result in demand pull inflation. This is not going to help the interst rates. I would like to see 10% deposit rate for my fixed deposits again. High interst rates would result in deciline of the stock market.

I can see early signs for bad economic management by this Govrernment. Looks like we need PB Jayasundara and Nivard Cabraal back?



Last edited by Quibit on Fri Jan 30, 2015 10:00 pm; edited 1 time in total

24   UNP Government Disaster for Economy  - Page 2 Empty Re: UNP Government Disaster for Economy Fri Jan 30, 2015 9:57 pm

mendis86


Manager - Equity Analytics
Manager - Equity Analytics
yes u correct Quibit

25   UNP Government Disaster for Economy  - Page 2 Empty Re: UNP Government Disaster for Economy Fri Jan 30, 2015 9:58 pm

Vptilak


Manager - Equity Analytics
Manager - Equity Analytics
@Quibit wrote:
@tha wrote:Dear. Dont you all understand the basics of ecconomy. When a givernment is giving relief like this it is obviously increase the purchasing power so obviously there will be more business created in the market as well as mote disposable income for savings and invesments including capital market. So how come it will affect cse????? This is pure diversion...

Since there is no immediate plan to increase productivity, these concessions would result in demand pull inflation. This is not going to help the interst rates. I would like to see 10% deposit rate for my fixed deposits again. High interst rates would result in decile in the stock market.

I can see early signs for bad economic management by this Govrernment. Looks loke we need PB Jayasundara and Nivard Cabraal back?

Just to take over another big hotel and many more institutions without paying compensations to shareholres?[/quote]

26   UNP Government Disaster for Economy  - Page 2 Empty Re: UNP Government Disaster for Economy Fri Jan 30, 2015 10:09 pm

tha


Senior Equity Analytic
Senior Equity Analytic
Qubit

I dont find any sense in your statement.it looks you are politically motivated.

27   UNP Government Disaster for Economy  - Page 2 Empty Re: UNP Government Disaster for Economy Fri Jan 30, 2015 10:27 pm

R_K

R_K
Equity Analytic
Equity Analytic
@tha wrote:Why you guys speak rubbish. If the oil price is reduced that itself will facilitate a growth within every citizenry. Like what see in our neighboring country.

Care to explain the economics behind this comment? Just so you know just because oil price is reduced to 117 for consumers doesn't mean that the government will be buying at 117 a litre Very Happy But you probably knew that! Razz

@tha wrote:Dear. Dont you all understand the basics of ecconomy. When a givernment is giving relief like this it is obviously increase the purchasing power so obviously there will be more business created in the market as well as mote disposable income for savings and invesments including capital market. So how come it will affect cse????? This is pure diversion...

Yea and hopefully until you remain a small business your government will not tax it to the tune of 1000 million. Very Happy So damn funny! Very Happy

28   UNP Government Disaster for Economy  - Page 2 Empty Re: UNP Government Disaster for Economy Sat Jan 31, 2015 1:35 am

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
@tha wrote:Dear. Dont you all understand the basics of ecconomy. When a givernment is giving relief like this it is obviously increase the purchasing power so obviously there will be more business created in the market as well as mote disposable income for savings and invesments including capital market. So how come it will affect cse????? This is pure diversion...

more spending power will encourage the consumers to spend money not save money. When ever the spending power is higher traditionally people don't make long term investments, specially when you can buy small cars for very low prices, people will go for those sort of investments.

too much relief too quickly can backfire and create excess demand and hence increase the inflation.

29   UNP Government Disaster for Economy  - Page 2 Empty Re: UNP Government Disaster for Economy Sat Jan 31, 2015 9:50 am

bandulawee


Manager - Equity Analytics
Manager - Equity Analytics
@tha wrote:Qubit

I dont find any sense in your statement.it looks you are politically motivated.

I wonder if quibit is motivated at al

30   UNP Government Disaster for Economy  - Page 2 Empty Re: UNP Government Disaster for Economy Sat Jan 31, 2015 1:04 pm

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Only few people  realywork in govt institutions. Most of them are unproductive

How increase of wages for unproductive people will effect economy.?
Last govt created huge unproductive employment in public sector now this govt give big salaries for these unproductive people

I think present govt has misunderstand the real problem of last govt

Real problems were
  1 No reasonable political solution after winning war

  2 No rule of law and good governance

  3. Too much family power and corruption( This may be  the  main reason )  

  No big problem about wages

This is one reason for the downward trend in the stock market  after Ravi K Budget



Last edited by D.G.Dayaratne on Sat Jan 31, 2015 1:10 pm; edited 4 times in total (Reason for editing : corection)

31   UNP Government Disaster for Economy  - Page 2 Empty Re: UNP Government Disaster for Economy Sat Jan 31, 2015 1:23 pm

R_K

R_K
Equity Analytic
Equity Analytic
@D.G.Dayaratne wrote:Only few people  realywork in govt institutions. Most of them are unproductive

How increase of wages for unproductive people will effect economy.?
Last govt created huge unproductive employment in public sector now this govt give big salaries for these unproductive people

I think present govt has misunderstand the real problem of last govt

Real problems were
  1 No reasonable political solution after winning war

  2 No rule of law and good governance

  3. Too much family power and corruption( This may be  the  main reason )  

  No big problem about wages

This is one reason  for the downward trend in the stock market  after Ravi K Budget

I agree on your analysis. But I think the current government never planned to address these areas you highlighted. Instead their underlying plan from the inception was to systematically discredit the previous regime to consolidate more power. This budget is populist & the country simply cannot afford to run on a budget like this in the long term. Our trade deficit will increase leading to depletion of forex reserves. This will increase volatility of the rupee & a steady hike in interest rates.

32   UNP Government Disaster for Economy  - Page 2 Empty Re: UNP Government Disaster for Economy Sat Jan 31, 2015 1:38 pm

Senior Citizen

Senior Citizen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@D.G.Dayaratne wrote:Only few people  realywork in govt institutions. Most of them are unproductive

How increase of wages for unproductive people will effect economy.?
Last govt created huge unproductive employment in public sector now this govt give big salaries for these unproductive people

I think present govt has misunderstand the real problem of last govt

Real problems were
  1 No reasonable political solution after winning war

  2 No rule of law and good governance

  3. Too much family power and corruption( This may be  the  main reason )  

  No big problem about wages

This is one reason  for the downward trend in the stock market  after Ravi K Budget


Agree with you Daya.

Also I wish if Dr. Rajitha will practice the saying : "Doctor heal thy self"

In the present govt there are people who are:

-Spineless when it comes to leadership
-Blind when it comes to the vision of the country
-Deaf when they don't listen to common sense
-Speechless when it comes to providing logical answers to the common man regarding burning issues
-lame when it comes to excuses for their blundering mistakes in the Budget
- infertile regarding increasing productivity of the nation
- Low IQ when it involves decision making

I can add on many more ailments but it is a real disaster from an economic point of view.

Just take the example of Hybrid Vehicles. Must one encourage hybrids or not?
Do we protect the environment or not?
Do we care about the future or GE only?
Just think about it!
Embarassed

33   UNP Government Disaster for Economy  - Page 2 Empty Re: UNP Government Disaster for Economy Sat Jan 31, 2015 2:01 pm

aliasjjj

aliasjjj
Senior Equity Analytic
Senior Equity Analytic
Sri Lanka’s business community troubled over ‘Super Gains Tax’

http://www.gossip-lankanews.com/2015/01/sri-lankas-business-community-troubled.html

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