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

» BIL again possible make right issue, confirmed via past patterns, don't afraid,.
by invest thinker Today at 12:44 am

» The world- Including Sri Lanka started to feel the pinch of the Russia- Ukraine war
by reyaz Today at 12:12 am

» Technical update 03/10/2022 - Maharaja
by Maharaja Yesterday at 9:29 pm

» SEC nets big sharks; more prosecutions soon
by CHRONICLE™ Yesterday at 2:51 pm

» ASPI 10000, Still a Long Way to Go
by sojsilva Yesterday at 11:48 am

» RAL UNTOLD STORY, KEEPING TOUCH
by blindhog Yesterday at 11:29 am

» LOFC Future
by Equity Win Sat Oct 01, 2022 11:40 am

» Expolanka Promoter - The Capital Trust Securities WATCH OUT!!!
by ADVENTUS Fri Sep 30, 2022 2:19 pm

» PLR (Prime Lands )Next Value counter.. Fair Value Rs 20
by Citizen Silva Fri Sep 30, 2022 1:47 pm

» SOFTLOGIC CAPITAL PLC (SCAP.N0000)
by Rational Investor Fri Sep 30, 2022 11:49 am

» RGEM. A real gem in the market
by skyfall Fri Sep 30, 2022 11:24 am

» WHAT ARE YOUR GOOD OL' DIVIDEND STOCKS?- NOW IS THE TIIME TO INCREASE YOUR STAKE IN THEM
by ADVENTUS Thu Sep 29, 2022 2:42 pm

» FCT.N & CFVF
by nish84 Wed Sep 28, 2022 10:06 pm

» HAPUGASTENNE PLANTATIONS PLC(HAPU.N0000) TP Rs140
by cheetah Wed Sep 28, 2022 9:31 pm

» RHL (Renuka Holdings)
by skyfall Wed Sep 28, 2022 11:51 am

» KOTA is the future gem
by suku502 Wed Sep 28, 2022 11:10 am

» COCR......GOOD TIME TO ENTER
by suku502 Wed Sep 28, 2022 10:46 am

» ACL 200++ AND LCBF 5+++
by Stockbull Wed Sep 28, 2022 9:27 am

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by LHW Wed Sep 28, 2022 7:47 am

» CAL - Possible multi bagger
by bkasun Tue Sep 27, 2022 4:06 pm

EXPERT CHRONICLE™

MARKET CHAT


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » No static policies hurting SL

No static policies hurting SL

Go down  Message [Page 1 of 1]

1No static policies hurting SL Empty No static policies hurting SL Sat Jun 19, 2021 2:41 am

dayandacool

dayandacool
Moderator
Moderator

We were all discussing and expecting of a system change during last 2 years. A change much needed for the betterment of the country. Yet it is sad that such a change is not visible through any process or policies involving the present government.

We witnessed that past government used Mattala airport to store rice, a move seen by many intellectuals as petty political revenge. To justify the decision, the then government claimed that it wasn't generating income and was considered a white elephant. What our leaders fail to understand is, whether the certain projects fail to generate the expected income or not, they were all being built from public funds, the loans that every single citizen has to pay. Another typical example is the lease of Hambantota port. That paved a way for ever growing Chinese presence in the country which lead to Indian intervention seeking the Colombo East terminal and governments present and past were willing to sacrifice the terminal as a balancing act. Luckily, government had to succumb to the pressure exerted by public as well as the workers unions in tandem.  

Same situation we arrived with the Cancellation of the Monorail project initiated by the last government. Present government claims that the project is useless taking petty political revenge on previous government. On top of that, now the Japanese firm is claiming Rs 5.8 Bn  in compensation for cancelling the project. (https://economynext.com/japan-firm-claims-damages-of-rs5-8bn-from-sri-lanka-after-lrt-deal-scrapped-83126/)

Can we as a struggling nation afford this sort of a waste and utter disregard of public funds specially at a time where country lacks foreign reserves and with an ever widening trade deficit?

Coming to a different topic, Last government spent millions in collecting suggestions and proposals for drafting a new constitution which never materialized due to the internal conflicts during the last regime. Now the present government has thrown away the suggestions and proposals of the previous committee and formed a new one to gather new proposals even though the main stake holders are the same barring few influential characters. These committees costs millions of public funds and not to mention the waste of time.

One characteristic we could observe when looking at developed countries is that their Key policies hardly change. They are static and firm policies. Which ever party comes to power, these key policies don't change. Only thing that changes is the approach and the implementation of such policies unlike in our case, all the things done by the past government including good and the bad is thrown away by the government that is newly elected.

 In such a scenario, some may argue that it is not at all funny when 2 main political parties which governed the country for the past 7 decades still seeking public trust that they will do better the next time. The next time that never came in last several decades!!!

nigma, J-CAT, madukp, RJ1010, Mr. X and Bakkabwoi like this post

Back to top  Message [Page 1 of 1]

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