Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum 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
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» Daily Stock Market Update
by Insights Equity Today at 5:12 pm

» තාම dividend cheque නේද එන්නේ, කවදාද account එකට එන්නේ
by hasitha@CSE Today at 4:58 pm

» Exit KAPI today
by Maharaja Today at 3:08 pm

» SFL deal price
by sanjulanka Today at 2:18 pm

» MGT - Collect n keep
by Eugine Fernando Today at 1:22 pm

» Amibroker database
by Sonny Bill Today at 12:59 pm

» SFL, where will it end by March
by investo Today at 12:58 pm

» ACCESS ENG
by sanjulanka Today at 12:51 pm

» GOOD DEAL -SELL KAPI @ 18 LEVELS AND BUY BFN @ 14-50
by NP Today at 12:05 pm

» TKYO.N000 potential
by NP Today at 12:00 pm

» JANASHAKTHI INSURANCE COMPANY PLC (JINS.N0000)
by cheetah Today at 5:46 am

» CASH RICH REXP
by Cricketman Today at 5:21 am

» Earn 50% Profit From Forex Monthly Without Stress
by princess111 Yesterday at 8:25 pm

» Ruwan 326 Please come back to the forum
by Miss-Sangeetha Yesterday at 8:06 pm

» Make a comfortable living as a day Trader
by Miss-Sangeetha Yesterday at 7:23 pm

» New to investing. Looking for advice
by srad11 Yesterday at 9:07 am

» Daily Foreign Transactions
by sikka89 Mon Feb 18, 2019 10:49 pm

» CTCE CTCE CTCE CTCE
by samantha Gamlath Mon Feb 18, 2019 7:57 pm

» CROSSINGS TODAY
by sikka89 Mon Feb 18, 2019 5:54 pm

» Financial Reports Q-4 2018
by sikka89 Mon Feb 18, 2019 5:50 pm

» DIVIDEND ANNOUNCEMENTS- JAN/MARCH 2019
by sikka89 Mon Feb 18, 2019 5:41 pm

» Sleeping giants-
by Chanaka303 Mon Feb 18, 2019 4:56 pm

» Any news on TKYO.N0000
by Thushara Ayya Mon Feb 18, 2019 3:35 pm

» Can anyone recommend me a stock broker in Kandy
by Chanaka303 Mon Feb 18, 2019 2:21 pm

» CTCE ලාභාංශ පුරොකතනය.
by dmtmadusanka Mon Feb 18, 2019 10:22 am

» "Don't ask the barber whether you need a haircut,"
by Asoka Samarakone Sun Feb 17, 2019 1:54 pm

» CSE halts trading of MTD Walkers’ shares
by Miss-Sangeetha Sun Feb 17, 2019 7:52 am

» KAPI -MTD WALKERS - MALAYASIAN FIRM TO TAKE CONTROL @40 A SHARE
by Miss-Sangeetha Sat Feb 16, 2019 9:42 am

» Weekly Stock Market Roundup
by Insights Equity Sat Feb 16, 2019 6:07 am

» SFL.P Going to hit 10 Dr.Sentavil Also Bought above 12
by NP Sat Feb 16, 2019 12:51 am

» Collect AAIC to win within six months
by wisdom79 Fri Feb 15, 2019 9:27 pm

» ANILANA HOTEL
by wisdom79 Fri Feb 15, 2019 9:21 pm

» Four more banks obtain enjoining orders against KAPI (MTD Walkers)
by Miss-Sangeetha Fri Feb 15, 2019 8:00 pm

» MTD Walkers (KAPI) face liquidation as Hayleys Group firm files winding up petition
by Miss-Sangeetha Fri Feb 15, 2019 7:57 pm

» INSURANCE bubble finally bursting!
by nosf766 Fri Feb 15, 2019 12:46 pm

» Deal Waligama Property to be sell EAST Interesting
by soileconomy Fri Feb 15, 2019 8:13 am

» ACL PERFORMANCE
by Yahapalanaya Fri Feb 15, 2019 7:42 am

» CDB PERFORMANCE
by Yahapalanaya Fri Feb 15, 2019 7:29 am

» LGL LGL LGL LGL
by dmtmadusanka Fri Feb 15, 2019 6:22 am

» MTD WALKERS PLC
by sikka89 Thu Feb 14, 2019 11:15 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Be Alert !!!

Be Alert !!!

Go down  Message [Page 1 of 1]

1 Be Alert !!! on Mon Aug 29, 2016 12:23 am

vic19

vic19
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Major Financial Institution On The Verge Of Collapse
A major financial institution is on the verge of collapse owing to the failure by the Central Bank to closely supervise its operations. The financial institution, which operates with an island-wide network, was earlier under the Ceylinco Group but is now managed by the Central Bank.
Well informed sources said that poor management of the financial institution by directors appointed by the Central Bank is threatening to derail the operations of the company.
In 2009 when the Central Bank decided to restructure the company after the collapse of its parent company, it had assets over of Rs. 35 billion and a deposit base of around Rs. 25 billion.
However its current directors have reportedly mismanaged the institution, one of the oldest in the country, and this had led to even several employees resigning.
The new directors were appointed last year and since then disagreements arose between the staff and the management.
Sources said that the Managing Director of the financial institution had been removed from another company which he had mismanaged before he got his latest appointment. Employees of the company have said that the Central Bank’s failure to closely monitor the functions of the financial institution could result in some employees being unemployed.
If this issue is not addressed soon, it could end up like another Golden Key debacle.




above article appeared today on Sunday leader 29/08/2016.
I dont know which  company they were referring to. any one knows ???. 


what ever it is be careful with the rumors on this forum by some members. thanks

2 Re: Be Alert !!! on Mon Aug 29, 2016 12:28 am

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
THE FINANCE COMPANY PLC(TFC.N0000)?

Back to top  Message [Page 1 of 1]

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