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

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» POSITIVES & TARGETS BY IMTIAZ BUHARDEEN
by Gowri123 Today at 4:38 pm

» When will supply chain disruptions ease?
by Gowri123 Today at 4:08 pm

» We’re seeing a shift toward international and value stocks, says Schwab’s Kleintop
by target1 Today at 2:40 am

» Wall Street stumbles as consumer pessimism stokes growth fears
by target1 Today at 2:34 am

» Free Market Capitalism vs. Crony Capitalism
by target1 Today at 2:30 am

» Sri Lankan corporations reap large profits as workers and rural toilers face poverty and starvation
by CHRONICLE™ Yesterday at 6:37 pm

» අද රාත්‍රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ!
by God Father Yesterday at 6:13 pm

» Derana 360 with Minister Dhammika Perera
by samaritan Yesterday at 1:07 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by LHW Yesterday at 9:24 am

» Breaking News- Kanchana to go to Qatar ; 2 more ministers off to Russia
by Beyondsenses Yesterday at 8:13 am

» PM thanks President Biden for assuring US support to Sri Lanka
by Beyondsenses Yesterday at 8:07 am

» Sri Lanka Stock Market heading toward ASPI 4500
by God Father Mon Jun 27, 2022 9:14 pm

» Why no power cuts in certain areas of Colombo?
by God Father Mon Jun 27, 2022 8:03 pm

» Expolanka to continue its winning streak
by samaritan Mon Jun 27, 2022 9:49 am

» කොළඹ රාජකීය ගොල්ෆ් සමාජය විසින් රජයේ දේපළ අවභාවිත කිරීම
by ddindika Mon Jun 27, 2022 9:33 am

» LOLC to enter the giant Indian Market
by samaritan Mon Jun 27, 2022 9:17 am

» LOLC HOLDINGS PLC (LOLC.N0000)
by CHRONICLE™ Mon Jun 27, 2022 6:46 am

» SOEs within Minimum Programme for Economic Recovery
by CHRONICLE™ Mon Jun 27, 2022 6:44 am

» COVID WAVES: Can there be another Covid-19 wave in Sri Lanka?
by CHRONICLE™ Mon Jun 27, 2022 6:36 am

» Luminex Limited lists on the Diri Savi Board after a capital raise of Rs. 250 Million
by CHRONICLE™ Mon Jun 27, 2022 6:34 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Maldives also Now facing Sri Lanka’s Same Debt Trap Syndrome

Maldives also Now facing Sri Lanka’s Same Debt Trap Syndrome

4 posters

Go down  Message [Page 1 of 1]

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator

The new Maldives government is considering pulling out of a free trade agreement with China, a top leader from the islands' governing alliance says.

"The free trade agreement is very one-sided... the numbers don't match," ex-president Mohamed Nasheed told the BBC.

The Maldives' parliament would not approve the law required for the trade deal to come into force, he added.

The comments come days after Mr Nasheed's ally Ibrahim Mohamed Solih became the Maldives' new president.

Mr Nasheed - a senior advisor to President Solih - was barred from contesting the September elections.

There has been no immediate response from China to the latest comments, but a week ago the Chinese embassy in the capital Male rejected a statement by Mr Nasheed in which he said his country risked falling into a debt trap with Beijing.

The previous president, Abdulla Yameen, preferred close links with China and signed the free trade agreement during a visit to Beijing last December.

China and Chinese companies have invested hundreds of millions of dollars in various infrastructure projects in the Indian Ocean nation, known for its luxury resorts and coral islands.

But Mr Nasheed's comments are seen as the latest sign of a backlash against Beijing in the Maldives.

The Indian-Ocean archipelago is among a number of small countries where China has invested billions of dollars building highways and ports as part of its Belt and Road Initiative, to promote trade between Asia and parts of the rest of the world.

Mr Nasheed also said China and Chinese companies have taken over a number of islands in the Maldives on leases ranging from 50 to 100 years.

"If any of these investments (in the islands) are not commercial then we must review it… Nothing was made public in the last five years," the former president said.

Mr Nasheed prefers close ties with India, which has been trying to regain its influence in the Maldives.

The Indian prime minister, Narendra Modi, was among the guests who attended the swearing-in of President Solih in the capital Male on Saturday.

Mr Solih is also expected to make his first state visit to India next month.

Source- https://www.bbc.com/news/world-asia-46269504

Yahapalanaya

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

Miss-Sangeetha wrote:The new Maldives government is considering pulling out of a free trade agreement with China, a top leader from the islands' governing alliance says.

"The free trade agreement is very one-sided... the numbers don't match," ex-president Mohamed Nasheed told the BBC.

The Maldives' parliament would not approve the law required for the trade deal to come into force, he added.

The comments come days after Mr Nasheed's ally Ibrahim Mohamed Solih became the Maldives' new president.

Mr Nasheed - a senior advisor to President Solih - was barred from contesting the September elections.

There has been no immediate response from China to the latest comments, but a week ago the Chinese embassy in the capital Male rejected a statement by Mr Nasheed in which he said his country risked falling into a debt trap with Beijing.

The previous president, Abdulla Yameen, preferred close links with China and signed the free trade agreement during a visit to Beijing last December.

China and Chinese companies have invested hundreds of millions of dollars in various infrastructure projects in the Indian Ocean nation, known for its luxury resorts and coral islands.

But Mr Nasheed's comments are seen as the latest sign of a backlash against Beijing in the Maldives.

The Indian-Ocean archipelago is among a number of small countries where China has invested billions of dollars building highways and ports as part of its Belt and Road Initiative, to promote trade between Asia and parts of the rest of the world.

Mr Nasheed also said China and Chinese companies have taken over a number of islands in the Maldives on leases ranging from 50 to 100 years.

"If any of these investments (in the islands) are not commercial then we must review it… Nothing was made public in the last five years," the former president said.

Mr Nasheed prefers close ties with India, which has been trying to regain its influence in the Maldives.

The Indian prime minister, Narendra Modi, was among the guests who attended the swearing-in of President Solih in the capital Male on Saturday.

Mr Solih is also expected to make his first state visit to India next month.

Source- https://www.bbc.com/news/world-asia-46269504
Here China's golaya MARA got Horu PM through back door. It is dangerous to India,US,UK,Europe, etc.Let's see the outcome Very Happy Very Happy Very Happy

samaritan


Moderator
Moderator

May be the new Maldivian govt must be like the ousted UNP govt who don't have the expertise to manage the nation's economy.

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

samaritan wrote:May be the new Maldivian govt must be like the ousted UNP govt who don't have the expertise to manage the nation's economy.

Managing National Economy with higher rated loans from China doesn't need expertise.

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

samaritan


Moderator
Moderator

ranferdi wrote:
samaritan wrote:May be the new Maldivian govt must be like the ousted UNP govt who don't have the expertise to manage the nation's economy.

Managing National Economy with higher rated loans from China doesn't need expertise.
A crisis situation warrants more skills & expertise than in a normal situ. The country has gone thro' its worse over the last nearly 4 years and nothing can be worse than that. Regarding the FTA with S'pore this govt did not abruptly say that it will cancel it but stated that it would review same, unlike the ousted govt's idiotic diplomacy like halting the Port City project abruptly.
Subsequently forced to strike a raw deal in relation to H'tota port mainly b'cos of the strained relationship. What i am saying is they should have stated that they would review the project in future and could have made the amendments to the agreement instead of throwing egg on China's face and in turn standing at their door with a begging bowl.

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

samaritan wrote:
ranferdi wrote:
samaritan wrote:May be the new Maldivian govt must be like the ousted UNP govt who don't have the expertise to manage the nation's economy.

Managing National Economy with higher rated loans from China doesn't need expertise.
A crisis situation warrants more skills & expertise than in a normal situ. The country has gone thro' its worse over the last nearly 4 years and nothing can be worse than that. Regarding the FTA with S'pore this govt did not abruptly say that it will cancel it but stated that it would review same, unlike the ousted govt's idiotic diplomacy like halting the Port City project abruptly.
Subsequently forced to strike a raw deal in relation to H'tota port mainly b'cos of the strained relationship. What i am saying is they should have stated that they would review the project in future and could have made the amendments to the agreement instead of throwing egg on China's face and in turn standing at their door with a begging bowl.
 government has gone through worst ever period because of debt burden created by Rajpassa.

IS that because of incapability that yahapalana government built up foreign reserves upt 7.2 billion USD ??

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

samaritan


Moderator
Moderator

ranferdi wrote:
samaritan wrote:
ranferdi wrote:
samaritan wrote:May be the new Maldivian govt must be like the ousted UNP govt who don't have the expertise to manage the nation's economy.

Managing National Economy with higher rated loans from China doesn't need expertise.
A crisis situation warrants more skills & expertise than in a normal situ. The country has gone thro' its worse over the last nearly 4 years and nothing can be worse than that. Regarding the FTA with S'pore this govt did not abruptly say that it will cancel it but stated that it would review same, unlike the ousted govt's idiotic diplomacy like halting the Port City project abruptly.
Subsequently forced to strike a raw deal in relation to H'tota port mainly b'cos of the strained relationship. What i am saying is they should have stated that they would review the project in future and could have made the amendments to the agreement instead of throwing egg on China's face and in turn standing at their door with a begging bowl.
 government has gone through worst ever period because of debt burden created by Rajpassa.

IS that because of incapability that yahapalana government built up foreign reserves upt 7.2 billion USD ??
Ponzi fame butterflies have borrowed more than USD 21billion since 2015 and casted doubts about loan repayment due early next year.

Back to top  Message [Page 1 of 1]

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