FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Latest Financial Status and Future Outlook of SMB Finance PLC
by ChatGPT Yesterday at 11:15 pm

» Latest Financial Status and Future Outlook of Overseas Realty PLC
by ChatGPT Yesterday at 11:00 pm

» Latest Financial Status and Future Outlook of Merchant Bank of Sri Lanka & Finance PLC
by ChatGPT Yesterday at 10:55 pm

» McDonald’s අපේ නෙමෙයි අපේ බෝස්ගේ – අබාන්ස් කියයි
by ChooBoy Yesterday at 10:19 am

» AI Assistance for Stock Market Research and Analysis
by ChatGPT Yesterday at 7:12 am

» Comparative Analysis of the Insurance Sector
by God Father Tue Mar 26, 2024 11:46 pm

» Sri Lanka: Why Pay Exorbitant Taxes?
by ChatGPT Tue Mar 26, 2024 10:52 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by K.R Tue Mar 26, 2024 3:15 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by D.G.Dayaratne Tue Mar 26, 2024 9:11 am

» SIYAPATHA FINANACE PLC (SLFL.N0000)
by ChatGPT Tue Mar 26, 2024 7:58 am

» FINANCE AND LEASING SECTOR
by ChatGPT Mon Mar 25, 2024 6:45 am

» LOLC FINANCE PLC (LOFC.N0000)
by ChatGPT Mon Mar 25, 2024 6:36 am

» CIC HOLDINGS PLC (CIC.N0000)
by ChatGPT Mon Mar 25, 2024 6:18 am

» UNION ASSURANCE PLC (UAL.N0000)
by ChatGPT Mon Mar 25, 2024 6:15 am

» First Capital Holdings PLC: Current Financial performance and future outlook
by God Father Sun Mar 24, 2024 10:58 pm

» LankaBizz: Sri Lanka's First ever Artificially Intelligent (AI) Business and Research Assistant
by God Father Sun Mar 24, 2024 7:27 am

» HOTEL AND TRAVEL SECTOR
by ErangaDS Wed Mar 20, 2024 7:22 am

» CIC Holdings Good Times Ahead
by ashan silva Mon Mar 18, 2024 11:00 am

» EPF Fund keep eye on low P/E Shares
by K.R Mon Mar 18, 2024 8:45 am

» SINS - the Tailwind effects of a crisis hit Economy
by Hawk Eye Mon Mar 18, 2024 8:37 am

» Ceylon cold stores
by Hawk Eye Mon Mar 18, 2024 8:25 am

» Asha securities Provide buy signal for CIC
by ddrperera Fri Mar 15, 2024 1:10 am

» CSE ready for another Downtrend?
by D.G.Dayaratne Thu Mar 14, 2024 11:24 am

» LankaLAW Forum : Sri Lanka’s #1 Discussion Platform for Legal Questions and Answers
by blindhog Thu Mar 14, 2024 9:14 am

» Sri Lanka poised to benefit from demand surge for ‘non-China origin’ graphite
by samaritan Wed Mar 13, 2024 1:31 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

TRANSFORMATION OF VOLKSWAGEN UNDER YAHAPALANA

+2
worthiness
samaritan
6 posters

Go down  Message [Page 1 of 1]

samaritan


Moderator
Moderator

VOLKSWAGEN TO FOXWAGON.
TRANSFORMATION OF VOLKSWAGEN UNDER YAHAPALANA Z

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Let us not pessimistic at this stage. More news will be available as time goes on. Perhaps one day many may appreciate the project or otherwise.

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

TRANSFORMATION OF VOLKSWAGEN UNDER YAHAPALANA Hoaxwa10

PrasannaMani

PrasannaMani
Manager - Equity Analytics
Manager - Equity Analytics

samaritan wrote:VOLKSWAGEN TO FOXWAGON.
TRANSFORMATION OF VOLKSWAGEN UNDER YAHAPALANA Z
Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

PrasannaMani wrote:
samaritan wrote:VOLKSWAGEN TO FOXWAGON.
TRANSFORMATION OF VOLKSWAGEN UNDER YAHAPALANA Z
Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy
The Day of the Pollswagen


TRANSFORMATION OF VOLKSWAGEN UNDER YAHAPALANA 1583986859DI-P10-7-1-(P)-ksn-4

Did I hear you mention about the Volkswagen Era?

No, no, it is not Volkswagen – it is Pollswagen.

I’ve never heard of that. Where is Pollswagen made?

Here in Sri Lanka, beginning at Wayamba – you may even call it the Wayambawagen.

Now tell me, is this a wholly new vehicle you are talking about?

There is nothing new about it, it is part of the political wagon we are used to, but it has the special qualities of what is known as Good Governance of Yahapalanaya.

What are these special qualities?

It’s difficult to get it going, that is the main feature. When it does get going it is in the wrong direction.

But why call it the Pollswagen?

Because it is all about polls – just now it is mainly about local government polls. Twisted Evil Twisted Evil

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Harsha clarifies on Volkswagen debacle



Friday, January 6, 2017 - 07:45

[url=http://dailynews.lk/sites/default/files/news/2017/01/06/Screen Shot 2017-01-06 at 7.40.30 AM.png]TRANSFORMATION OF VOLKSWAGEN UNDER YAHAPALANA Screen%20Shot%202017-01-06%20at%207.40.30%20AM[/url]
[size]
 
Deputy Foreign Minister Harsha de Silva issued a personal clarification regarding the Volkswagen deal, in which he detailed why plans with that car manufacturer did not go ahead.
In a evidence based, fact-filled message posted on Facebook the Deputy Minister said,
‘1. Given I was responsible for the initiation of this project I would like to place the following facts before the public.
2. In my new job as the Deputy Minister of Policy Planning and Economic Affairs I met with the then Ambassador of Germany HE Dr Jurgen Morhard in Early January 2015. At this meeting the Ambassador indicated that Volkswagen had attempted to set up a plant in Sri Lanka since 2008 but failed due to ‘various’ reasons.
3. I indicated to him that we would be delighted to have VW set up a plant in Sri Lanka and we initiated discussions between the Government and the company.’
Of the signing Deputy Minister de Silva said,
‘1. Having initiated the possible investment, HE the Ambassador and I moved out.
2. We were told the discussions continued among the various stakeholders locally. We were informed that Volkswagen’s local agent Senok Automobiles representing the carmaker negotiated terms with several government authorities to get necessary clearances.
3. In mid-August 2015 BOI and Senok Automobiles signed an agreement to establish an assembly plant for VW in Kuliyapitiya.’
The Deputy Minister quoted the German Embassy Deputy Head of Mission Dr. Michael Dohman as having said during the signing ceremony in August, “It is important for the German Embassy to have a big company like Volkswagen in Sri Lanka. Germany is always talking to enterprises to attract them here. People will have to be trained and educated, and many other components are needed, so it will boost the local economy,”
On why the deal did not go through, Deputy Minister Harsha de Silva offered this argument:
‘1. In just a matter of a couple of weeks after signing the agreement, on 3 September 2015, Volkswagen, after months of denial, admitted to the EPA in the US that they had cheated on emissions tests on some of their diesel models in the US. On 18 September 2015, the EPA went public with this admission of guilt.
2. Soon thereafter the VW stock crashed and the senior management was fired. Later some 30,000 jobs were cut and it has thus far cost the carmaker some US$ 18 billion in losses.’
The Deputy Minister said that in Sri Lanka,
‘1. This scandal that rocked VW was a complete shock to everyone, obviously including us in Sri Lanka. Apparently Senok Automobiles who had signed for VW had attempted to save the agreement and continue with the investment as planned.
2. However, at one point, I believe after much negotiation, the Government had decided it would be better not to go with a dedicated VW assembly plant due to possible legal issues that could crop up due to the massive fallout from their emissions scam. This we knew today when the PM explained the sequence of events to us.
3. Given the BOI agreement had still been in place with Senok Automobiles for the original VW assembly I understand that they had rescued the project by agreeing with the BOI to go ahead to establish the plant to assemble various makes of European automobiles.
4. It had been for this assembly plant, renamed Western Automobile, the foundation stone laid for an automobile assembly. At no point at the foundation laying ceremony (which I could not attend) had there been any mention of the plant being for VW.
He adds further,
‘In fact since I moved out of my earlier portfolio of Deputy Minister of Policy Planning and Economic Affairs to the new one in the Foreign Ministry in August 2015, I had no dealings with the project and was sincerely unaware of the various changes until it was explained today. I would appreciate that fact be respected.
I hope the above explains the confusion and we as a country can be satisfied that the assembly plant is being established and many jobs will be created besides thousands of training opportunities for young people.’
[size=32]Email[/size] [size=32]Facebook[/size] [size=32]Twitter[/size] [size=32]Google+[/size] [size=32]Pinterest[/size] [size=32]PrintFriendly[/size] [url=https://www.addtoany.com/share#url=http%3A%2F%2Fdailynews.lk%2F2017%2F01%2F06%2Flocal%2F104007&title=Harsha clarifies on Volkswagen debacle][size=32]Share[/size][/url]
[/size]

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Dr. has explained most unlikely event of VW plant mainly due to the international failure of VW emission test. Now question is to clear out who will undertake the assembly plant at Kuliyapitiya if not the VW.
Genuine statement in the hidden story by a responsible person will full stop the feeling of embarrassment that leaves everyone confused.

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum