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Sri Lanka Equity Forum » Stock Market Talk » Sri Lanka: Exclusive Senok Group lead Noel Selvanayagam behind Ranil's UNP Volkswagen Factory Deal

Sri Lanka: Exclusive Senok Group lead Noel Selvanayagam behind Ranil's UNP Volkswagen Factory Deal

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DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Sri Lanka's Senok Group President Noel Selvanayagam who controls 24 subsidiary companies were spotted at one of Sri Lanka's most expensive restaurants at Colombo last night - Cinnamon Grand owned The London Grill that perhaps sells a Dinner Main Course as high as Rs.11,000/ = Taxes and Service Charges - Noel has been spotted along with German Ambassador and another official of Volkswagen in Asian Region celebrating the finalization process of Prime Minister Ranil's much marketed Election Promise on a Volkswagen Factory to Sri Lanka.

Although Ranil has been marketing about over 25,000 jobs via Volkswagen factory it is now revealed in Corporate and Business circles that if Senok lead Noel Selvanayagam gets the deal since Noel is a cheap payer to employees not much jobs will be generated as Ranil marketed prior to elections.

Further during General Election TV Political shows prior to 17th August then Ranil's Deputy Minister Dr.Harsha De Silva who looked after Economic Affairs went dumb and was dumfounded at a Political Show of Sirasa TV when journalists of Sirasa TV questioned about middle man who is involved in Volkssagn

stocker

stocker
Manager - Equity Analytics
Manager - Equity Analytics
@DealKing wrote:Sri Lanka's Senok Group President Noel Selvanayagam who controls 24 subsidiary companies were spotted at one of Sri Lanka's most expensive restaurants at Colombo last night - Cinnamon Grand owned The London Grill that perhaps sells a Dinner Main Course as high as Rs.11,000/ = Taxes and Service Charges - Noel has been spotted along with German Ambassador and another official of Volkswagen in Asian Region celebrating the finalization process of Prime Minister Ranil's much marketed Election Promise on a Volkswagen Factory to Sri Lanka.

Although Ranil has been marketing about over 25,000 jobs via Volkswagen factory it is now revealed in Corporate and Business circles that if Senok lead Noel Selvanayagam gets the deal since Noel is a cheap payer to employees not much jobs will be generated as Ranil marketed prior to elections.

Further during General Election TV Political shows prior to 17th August then Ranil's Deputy Minister Dr.Harsha De Silva who looked after Economic Affairs went dumb and was dumfounded at a Political Show of Sirasa TV when journalists of Sirasa TV questioned about middle man who is involved in Volkssagn


Hey DealKing,

Why don't you leave Srilanka Equity and join Lanka C news. Wimal will pay you a good salary.  :bounce:.

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
Dealking you are well above the others.I appreciate.

hettdas

hettdas
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@stocker wrote:
@DealKing wrote:Sri Lanka's Senok Group President Noel Selvanayagam who controls 24 subsidiary companies were spotted at one of Sri Lanka's most expensive restaurants at Colombo last night - Cinnamon Grand owned The London Grill that perhaps sells a Dinner Main Course as high as Rs.11,000/ = Taxes and Service Charges - Noel has been spotted along with German Ambassador and another official of Volkswagen in Asian Region celebrating the finalization process of Prime Minister Ranil's much marketed Election Promise on a Volkswagen Factory to Sri Lanka.

Although Ranil has been marketing about over 25,000 jobs via Volkswagen factory it is now revealed in Corporate and Business circles that if Senok lead Noel Selvanayagam gets the deal since Noel is a cheap payer to employees not much jobs will be generated as Ranil marketed prior to elections.

Further during General Election TV Political shows prior to 17th August then Ranil's Deputy Minister Dr.Harsha De Silva who looked after Economic Affairs went dumb and was dumfounded at a Political Show of Sirasa TV when journalists of Sirasa TV questioned about middle man who is involved in Volkssagn


Hey DealKing,

Why don't you leave Srilanka Equity and join Lanka C news. Wimal will pay you a good salary.  bounce.

Laughing Laughing Laughing

DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@stocker wrote:
@DealKing wrote:Sri Lanka's Senok Group President Noel Selvanayagam who controls 24 subsidiary companies were spotted at one of Sri Lanka's most expensive restaurants at Colombo last night - Cinnamon Grand owned The London Grill that perhaps sells a Dinner Main Course as high as Rs.11,000/ = Taxes and Service Charges - Noel has been spotted along with German Ambassador and another official of Volkswagen in Asian Region celebrating the finalization process of Prime Minister Ranil's much marketed Election Promise on a Volkswagen Factory to Sri Lanka.

Although Ranil has been marketing about over 25,000 jobs via Volkswagen factory it is now revealed in Corporate and Business circles that if Senok lead Noel Selvanayagam gets the deal since Noel is a cheap payer to employees not much jobs will be generated as Ranil marketed prior to elections.

Further during General Election TV Political shows prior to 17th August then Ranil's Deputy Minister Dr.Harsha De Silva who looked after Economic Affairs went dumb and was dumfounded at a Political Show of Sirasa TV when journalists of Sirasa TV questioned about middle man who is involved in Volkssagn


Hey DealKing,

Why don't you leave Srilanka Equity and join Lanka C news. Wimal will pay you a good salary.  bounce.

Stocker I don't need to go anywhere to share what I know. I share for Sri Lanka Equity Members knowledge. Go check out what ever I have shared has happened so far be it Politics or even Stocks.I have predicted how Economic Pillars, Some Individual activities and Big or Mega Business Deals affect our stocks and economy. It is all up for you to study and find out.When I see and capture things I share it for majority's knowledge.

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
one years passed .... Deal king's another successful revelation.

Although Ranil has been marketing about over 25,000 jobs via Volkswagen factory it is now revealed in Corporate and Business circles that if Senok lead Noel Selvanayagam gets the deal since Noel is a cheap payer to employees not much jobs   will be generated as Ranil marketed prior to elections.
Now we know there is no Volkswagen making factory, it is just an assembly plant by Noel S.  

BTW, I use this thread to comment following:


Meanwhile, 2 days ago South Korea banned selling VW in Korea due to emission scandal.

VW diesel engines can emit 40 times of Nitrogen Oxide than approved rate  (NOx)—a smog-forming pollutant linked to lung cancer - and they have installed a computer programme  in the  car   to hide it in emission tests.  


How they did it is explained here :

When you go to emission test ( දුම් පරීක්‍ෂාව​ ) they connect some probes and do many manoeuvring in your car.
A hidden programme installed in the Car computer by VW detect this situation and adjust fuel injection and other gadgets inside the engine to pass the emission test.  
When you drive in normal mode it revert back to high performing 'cancer' mode !

In 2014 some researchers (probably funded by rivals) suspected something unusual and later found this cunning action done by VW.

Text I obtained from WWW :

VW Diesel-Emissions Scandal

 The company, which owns 70 percent of the U.S. passenger-car diesel market, is in major trouble for cheating on diesel-emissions tests.

After years of promoting “Clean Diesel” as an alternative to hybrid and electric vehicles Volkswagen is stewing in its own toxic vapors.

What happened?

Volkswagen installed emissions software on more than a half-million diesel cars in the U.S.—and roughly 10.5 million more worldwide—that allows them to sense the unique parameters of an emissions drive cycle set by the Environmental Protection Agency.
According to the EPA and the California Air Resources Board, who were tipped off by researchers in 2014, VW computer detect steering, throttle, and other inputs used in the emission tests and your behavior in normal driving   and programmed to switch between two distinct operating modes .

In the test mode, the cars become good boys, are fully compliant with all federal emissions levels.
But when driving normally, the computer switches to a separate mode—significantly changing the fuel pressure, injection timing, exhaust-gas recirculation, and, in models with AdBlue, the amount of urea fluid sprayed into the exhaust.
While this mode likely delivers higher mileage and power, it also permits heavier nitrogen-oxide emissions (NOx)—a smog-forming pollutant linked to lung cancer—up to 40 times higher than the federal limit. Some cars may emit just a few times over the limit, depending on driving style and load.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
If I am not mistaken, mentioned job opportunities are limited to 500 as it is not a manufacturing plant at kuliyapitiya. Only assembly plant is set up initially for local demand & at later stage supplying to south/south east Asian countries. Media always publish imbalanced & controversial contents.

hettdas

hettdas
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
something is better than nothing.... Smile

9 Volkswagen No Coming on Mon Aug 29, 2016 11:15 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
At last,  yesterday Hon.  Iran Wickramaratna MP disclosed that Volksvagen has abandoned its plans in Sri Lanka due to their own  problems.


දෙරණ පුවත් හා එක්වෙමින් එතුමා පැවසූවේ මැතිව රණ  කරලියේදී වේදිකාවල කියන දේවල්  ගැන අප ඊට වඩා ගැඹුරින්  සිතිය යුතු බවය​.

(ඕං ඔය හැම එකම විශ්වාස කරපු අයට තමයි ඒ කියල දුන්නෙ.)

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