http://www.dailynews.lk/2017/06/02/business/117745/colombo-port-city-attract-us-15-bn-when-complete@kovida wrote:@Teller wrote:Rupee is in a decline trend , foreigners are loosing their investments. If any one invested 1 USd @ Rs. 100 levels , now that foreigner has to sell RS.153/- to break even . It's a tragedy happening at the moment. Reuters forcast says 1 USD can appreciate Against RS.163/- levels soon. Imagine how much will be lost for foreigner.
I am puzzling as to why foreigners keep on buying our blue chips. Foreign buyers and their Fund Managers should be crazy lot to dump their money .
Do you think they invest for short term gain ?
Defenetly they must have analysed country's present economic situation and after 5 years where it is going to be .
Fluctutation and devaluation of currency is a short term senario.
-Colombo Port City Project
-Florousing Tourism Industry
-Mega Condominum Projects
-Expected completion of many high way projects
-Gradual picking up of our Traditional and Industrial exports
-Increase of Foreign remittences by Employees of Middle East and other countries
-Expected FDI inflow
-Hambantota Mega Development Project with Industrial Zone
-World oil and gas prices remaining at low prices and projection of low prices for another 5 years.
-Surge of other Stock Markets at an unexpected rate,BSE,NIKKEI, HANSENG
-Projected reduction of budget dificit which would contribute to reduction of inflation and money printing
- New income tax act to enhance government collection ot taxes.
Where our currecny is going to be in next couple of years?
THINK INTELEGENTLY AND INVEST FOR FUTURE AS FOREIGNERS DO.
more good news camming ASI this month 7000 sure