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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Even after Budget no progress in stock market

Even after Budget no progress in stock market

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Go down  Message [Page 2 of 2]

soileconomy


Vice President - Equity Analytics
Vice President - Equity Analytics
Mekath Mahindage wedak.heta Ravi kiyawi.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Allow a short time to get out from arrested market. By the time budget debate clarifies the benefits. Rich community will step in slowly it would be new beginning of the market hopefully.

Yahapalanaya


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@soileconomy wrote:Mekath Mahindage wedak.heta Ravi kiyawi.
nathuwa kaketha wada.Rata kala thiyanne.


Sri Lanka's Hambantota port loses Rs18.8bn a year

Nov 11, 2016 12:26 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Sri Lanka's Hambantota Port, built by a Chinese firm with a loan from China during the ousted Mahinda Rajapaksa regime, has lost Rs18.8 billion ($147 million) a year, a Finance Ministry document said.

The government has so far spent Rs175 billion on the project ($1.19 billion), and taxpayers have to service loans taken from China to build it. It was a design-build-transfer project.

Prime Minister Ranil Wickremesinghe has said Sri Lanka plans to sell 80 percent of the port to China for $1billion.

Cumulative losses are Rs37.2 billion ($253 million), the document said.

Maththala Airport, named after Mahinda Rajapaksa, loses Rs5.9 billion a year, the document said. 

The government has spent Rs27.5 billion ($187 million), with loans taken from China.  Cumulative losses are Rs13.6 billion. (Colombo/Nov11/2016)
 

Ryan Hudson


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
We are not idiots to believe what one of the biggest set of thieves say regarding these projects like hambantota port. Today this country is being dragged to hell by this ponna appa government. Everything is ruined, health, education

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Wada bari yahapalana sooppu babala... lol!

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
If forum member can identify,

1 Foolish anti govt and Foolish

    pro govt postings  
2 anti market and pro market postings

3 Promoters and Real genuine Analyst

He can get the  Maximum benefits from this forum.

What  category  of above posting ?

Ryan Hudson


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Foolish dayarathna is also there

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Port eke chinen nikan hadala dila thiyenne kisima gewimak karanna naha.

nawu pirila. mara profits.

dan baiyanta chune athi

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
@stockback wrote:Port eke chinen nikan hadala dila thiyenne kisima gewimak karanna naha.

nawu pirila. mara profits.

dan baiyanta chune athi

Hambantota port is not identified by MR. He just implemented it. It is location is very much suitable for oil refinery and tanking business which was the second part of the project. Unfortunately China funded only the first phase.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
GODAWAYA port at hambantota was identified by

by trader long time ago may be prehistoric time

Also Ryan Hudsun postiing remind me  "PUHUL HORA KAREN DANE"

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
TAX TAX TAX NO MERCY !

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
@D.G.Dayaratne wrote:GODAWAYA port at hambantota was identified by

by trader long time ago may be prehistoric time

Also Ryan Hudsun postiing remind me  "PUHUL HORA KAREN DANE"

May be it was identified in prehostoric time. Also it was identified in "යලි පුබුදමු ශ්‍රී ලන්කා ".
This budget is not a business friendly budget. Government Revenues are significantly increased.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
How can run government without Tax

UNP Or other parties never managed economy properly

after independence

IF UNP + SLFP combination also do the same thing

"UBE KATHETH PAS MAGE KATHETH PAS"

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
How can run government without Tax

UNP Or other parties never managed economy properly

after independence

IF UNP + SLFP combination also do the same thing

"UBE KATHETH PAS MAGE KATHETH PAS"

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
@Yahapalanaya wrote:
@soileconomy wrote:Mekath Mahindage wedak.heta Ravi kiyawi.
nathuwa kaketha wada.Rata kala thiyanne.


Sri Lanka's Hambantota port loses Rs18.8bn a year


Nov 11, 2016 12:26 PM GMT+0530 | 0 Comment(s)


ECONOMYNEXT - Sri Lanka's Hambantota Port, built by a Chinese firm with a loan from China during the ousted Mahinda Rajapaksa regime, has lost Rs18.8 billion ($147 million) a year, a Finance Ministry document said.

The government has so far spent Rs175 billion on the project ($1.19 billion), and taxpayers have to service loans taken from China to build it. It was a design-build-transfer project.

Prime Minister Ranil Wickremesinghe has said Sri Lanka plans to sell 80 percent of the port to China for $1billion.

Cumulative losses are Rs37.2 billion ($253 million), the document said.

Maththala Airport, named after Mahinda Rajapaksa, loses Rs5.9 billion a year, the document said. 

The government has spent Rs27.5 billion ($187 million), with loans taken from China.  Cumulative losses are Rs13.6 billion. (Colombo/Nov11/2016)
 
Chinese fellow gave a good answer .
Even bond scam was done by Mahinda.

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Mr Yahapalana, why are you trying to cover the smell of gonpalana F*rT by your hand ?

not necessary and impossible. now smell spread beyond your reach ne. ... and day by day all the bgrs are eating rotten junk producing more gas.

At least at this later stage anyone with brains should see their real face.

Some are there to destabilize the economy to bring the country down to a point of no return ...... to have easy ground to create 2-3 nations.

That is their assigned job.

Only +ve fact is Hile arri bitch was kicked out by American public. She can now wipe tears with Monica's leftover gowns. Fake USA , indian kalu suddas like Wal Pish and Kithul Ashop should get same treatment from Trumpland.

Ryan Hudson


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
the foolish ponna nd appaya are ruining this country we have to chase the two

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Chinwi wrote:Mr Yahapalana, why are you trying to cover the smell of gonpalana F*rT by your hand  ?

not necessary and impossible.  now smell spread beyond your reach ne.   ... and day by day all the bgrs are eating rotten junk producing more gas.  

At least at this later stage anyone with brains should see their real face.

Some are there to destabilize the economy to bring the country down to a point of no return ...... to have easy ground to create 2-3 nations.

That is their assigned job.  

Only +ve fact is Hile arri bitch was kicked out by American public. She can now wipe tears with Monica's leftover gowns.    Fake USA , indian  kalu suddas like Wal Pish   and Kithul Ashop should get same treatment from Trumpland.
You open your eyes and see the difference government made particularly in corruption.Who is clean jenuine person in JO...But in Gov ministers the other way.

samaritan


Moderator
Moderator
@D.G.Dayaratne wrote:WHY?
HOW IS THE POOGRESS?

https://www.youtube.com/watch?v=d-diB65scQU



SONG DEDICATED TO "Y" GOVT. ENJOY!!!! Even after Budget no progress in stock market - Page 2 Icon_biggrinEven after Budget no progress in stock market - Page 2 Icon_biggrinEven after Budget no progress in stock market - Page 2 Icon_biggrin



Last edited by samaritan on Tue Nov 15, 2016 1:34 pm; edited 1 time in total


_________________




The biggest risk in life is not taking any risk at all.

Bullrunner7

Bullrunner7
Manager - Equity Analytics
Manager - Equity Analytics
https://doc-00-34-docs.googleusercontent.com/docs/securesc/ha0ro937gcuc7l7deffksulhg5h7mbp1/g1pgpmennhg0lr0ta5algd5grks0apf3/1479189600000/09303087227824227034/*/0Bw1ZyyGsSBAjTXQ3Y1VmZEtkaEE?e=download


Maybe this will help you guys out to identify growing sectors in the CSE !

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@stockback wrote:I think 21 Nov IMF approve next payment. ( i am not sure about date)

am i correct.

I remember that date. unable to find a source. if i am wrong please tell...


anyway 19 Nov. news from IMF

PrasannaMani

PrasannaMani
Manager - Equity Analytics
Manager - Equity Analytics
@stockback wrote:
@stockback wrote:I think 21 Nov IMF approve next payment. ( i am not sure about date)

am i correct.

I remember that date. unable to find a source. if i am wrong please tell...


anyway 19 Nov. news from IMF
[size=37] News from Sri Lanka::[/size]

Even after Budget no progress in stock market - Page 2 Fb  Even after Budget no progress in stock market - Page 2 Twitter   


IMF completes first review of the EFF with Sri Lanka and approves US$162.6 million disbursement
Sat, Nov 19, 2016, 08:48 am SL Time, ColomboPage News Desk, Sri Lanka.
Even after Budget no progress in stock market - Page 2 IMF
Nov 19, Washington,DC: The International Monetary Fund (IMF) Friday said its Executive Board completed the first review of Sri Lanka's Extended Fund Facility (EFF) arrangement, which enables the disbursement of about US$ 162.6 million.

The Executive Board of the IMF completed the first review of Sri Lanka's economic performance under the program supported by a three-year extended arrangement under the Extended Fund Facility (EFF) arrangement.

Completion of the review enables the disbursement of the equivalent of SDR 119.894 million (about US$ 162.6 million), bringing total disbursements under the arrangement to the equivalent of SDR 239.788 million (about US$ 325.1 million).

Sri Lanka's three-year extended arrangement was approved on June 3, 2016 in the amount of about SDR 1.1 billion (US$ 1.45 billion, or 185 percent of quota in the IMF at that time).

The Sri Lankan government's reform program, supported by the IMF, aims to reduce the fiscal deficit, rebuild foreign exchange reserves, and introduce a simpler, more equitable tax system to restore macroeconomic stability and promote inclusive growth.

Following the Executive Board's discussion of the review, Acting Chair and Deputy Managing Director. Tao Zhang said Sri Lanka's performance under the Fund-supported program has been broadly satisfactory despite challenging circumstances.

"Macroeconomic and financial conditions have begun to stabilize, inflation has trended down, and the balance of payments has improved. Meanwhile, international reserves remain below comfortable levels," Mr. Tao Zhang said.

"Fiscal performance has been encouraging. The reinstatement of the amendments to the value added tax will help boost revenues. The 2017 budget proposal aims to strengthen government finances through revenue mobilization, while guarding against revenue shortfalls by aligning spending with revenue on a quarterly basis. The new Inland Revenue Act scheduled for early next year should result in a more efficient, transparent, and broad-based tax system. Complementary structural reforms in tax administration, public financial management, and the governance and oversight of state-owned enterprises are critical for durable fiscal consolidation."

He noted that while inflation has abated, credit growth remains strong. The Central Bank indicates its readiness to tighten the monetary policy stance further if inflationary pressures resurge or credit growth persists. The authorities intend to continue building up reserves through outright purchases while allowing for greater exchange rate flexibility.

"The banking sector is currently well capitalized. Steps are being taken to find a resolution mechanism for the distressed financial institutions. Going forward, there is a need to strengthen the supervisory and regulatory framework, and identify and mitigate vulnerabilities in the financial sector, particularly with regard to non-banks and state-owned banks," the IMF official said.

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