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Sri Lanka Equity Forum » Stock Market Talk » SHARE YOUR THOUGHTS FOR 2017

SHARE YOUR THOUGHTS FOR 2017

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1 SHARE YOUR THOUGHTS FOR 2017 on Sat Dec 31, 2016 4:34 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
It brings a merit or value stating your own views of economy, capital market & social life in Sri Lanka in 2007. It is appreciable the comments are full free of party colors. Happy New year for everyone.

2 Re: SHARE YOUR THOUGHTS FOR 2017 on Sun Jan 01, 2017 12:43 am

Bullrunner7

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Manager - Equity Analytics
Manager - Equity Analytics
Happy new year guys Smile)

3 Re: SHARE YOUR THOUGHTS FOR 2017 on Sun Jan 01, 2017 4:53 am

Yahapalanaya

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Vice President - Equity Analytics
Vice President - Equity Analytics
2017 will be good for stock investors.With foreign cash inflows,projects are going to start port city,megapolis,road projetcs,etc,etc..It will be good for construction related companies.Plantation also going to pick up.No need to tell about chicken......

It will be good year for thosewho beleived in CSE.

Be happy.. Laughing Laughing Laughing

4 Re: SHARE YOUR THOUGHTS FOR 2017 on Mon Jan 02, 2017 6:15 am

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
We need consistence policies by the rulers.

5 Re: SHARE YOUR THOUGHTS FOR 2017 on Mon Jan 02, 2017 12:40 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
If administrators deviate from traditional thinking towards social benefits with common sense life will be more beneficial to common people.

6 Re: SHARE YOUR THOUGHTS FOR 2017 on Mon Jan 02, 2017 2:36 pm

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@worthiness wrote:If administrators deviate from traditional thinking towards social benefits with common sense life will be more beneficial to common people.
If the rulers are genuine and love the country more than the  post they hold, and if the common people are ready to bear the pain for a short time, I hope this country can be change to a better place to live. flower

7 Re: SHARE YOUR THOUGHTS FOR 2017 on Mon Jan 02, 2017 2:55 pm

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I also think 2017 will be good

BUT The finance minister and the crowd has already put a BRICK

by creating unnecessary problem with Lottery Dealers

"AHAKA INNA SARPAYO KARE DA GENA KANAWO KIYMIN KE GAHANAWA"



8 Re: SHARE YOUR THOUGHTS FOR 2017 on Mon Jan 02, 2017 3:16 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
First day trading in year 2017 is over with low market enthusiasm. General view is that the state of market affairs will improve gradually.

9 Re: SHARE YOUR THOUGHTS FOR 2017 on Wed Jan 04, 2017 9:47 pm

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
[size=33]Sri Lanka’s largest fully integrated tire plant to be built with Rs11.25bn[/size]
Author LBO
Posted on January 2, 2017 | Commodity, Companies, Featured




(Press Release) – Rigid Tyre Corporation (Pvt.) Ltd. Equipped with the latest technology, this new plant is destined to roll in a new page in the industrial sector of Sri Lanka. It comes with the healthy integration of political acumen, local entrepreneurship and proven European technology in the form of a world reputation –Marangoni of Italy. Marangoni is famed not only for its superlative breeds of tyres but the process of manufacture as well; high performing, fuel efficient and most importantly, it treads lightly on the environment! Its carbon footprint is small and clean!
On the direction of President, Maitripala Sirisena, Prime Minister Ranil Wikremesinghe will lay the foundation stone of this mega plant at a stately event held at the BOI Industrial Zone, Wagawatta, Horana on the 5th of January, 2017.
The well attended function will have over 1500 invitees. Amongst the invitees are Malik Samarawikrama, and many other cabinet Ministers, who will be joined by BOI Chairman, Upul Jayasooriya, ministerial secretaries and Government officials. The clergy of all faiths and representative of the community will also be present.
This new venture, with a 11.25 Billion Rupee investment, is tipped to be the biggest fully integrated tyre manufacturing plant in the country. It is an initiative with far reaching benefits for the country and certainly can roll out many a profiting mile: be it the economy or forex; employment of skilled labour or professional development; value adding our natural resource, rubber or stretching out to investors the world over and beckoning them to Sri Lanka as an investor friendly nation.
The venture would create over 3000 job opportunities, both direct and indirect. It would be a fitting venue for blue-chip professionals, who would stand to gain the exposure to ultramodern technology and technical know-how right here in this very place of their birth: which expertise they would otherwise gain only through employment at a similar manufacturing facility overseas. The exposure gained at this technically advanced state-of-the-art facility would certainly groom them to be the sort after professionals the world over! High pay! Higher recognition!!
Such high caliber employment generation is what the country needs right now ‘for accelerating growth with social inclusion…’ Such a progressive step would mean one thing: to bring an end to the practice of placing our talented sons and daughters into already crowded government work places which would drain the government coffers even more. On the contrary, what the tyre plant does for the country is to create the opportunity for jobs that will in turn create wealth, not drain it, so that the country as a whole can have a future –to prosper!
That is why Rigid Tyre Corporation at Horana, has the full blessings of the government. For it is all about creating that future for all of us to prosper.
First among the beneficiaries are the very communities that live in the proximity of this up and coming facility: for such a complex of such magnitude in itself will be the catalyst to spawn a host of livelihood development; amongst them housing and infrastructure development will boom so will the real estate prices of the locality.
Rigid Tyres main business intention is to capitalize on the European market. The impetus to do so and the head start come from Marangony, the technical collaborators of this venture, who are a renowned brand the world over with an impressive stake in Europe. So all RIGID Tyre products take on the tag, “Licensed by Marangoni”.
The tyre plant, being the first of its kind in Sri Lanka, is commissioned to manufacture the whole gamut of tyres that roll on the roads, and off it. Passenger Car Radials for performance, driving comfort, safety and long life; Truck and Bus Radials that demand more road run than anything else. Even the three wheel and two wheel segment of the tyre market is in for a significant gain, because the plant’s new technology can certainly deliver the quality attributes at the price this segment are willing to offer. Off-the –road tyres ( OTR Tyres) is another segment of the tyre industry that the plant is well geared to deliver with superlative attributes unrivalled in the industry.
Besides the manufacture of tyres, the plant has earmarked several other separate divisions for enhancing the value adding of the rubber industry even more. One product is the manufacture of High Density Conveyor Belts, aiming at the mining industry of the world. In a similar manner High Pressure Hydraulic Pipes are also will be manufactured which are in high demand at oil fields right now.
The investor of this venture is none other than Nandana Lokuwithana, Chairman of Ceylon Steel Corporation and its member company MA Steel Lanka (Pvt.) Ltd. He is also a businessman of world standing known for his acumen and entrepreneurship as the chairmen of Onyx Group in the UAE with a host of diverse companies, one of which is a steel fabrication company. He is also the owner of Marriot Al Jadaf Hotel, Dubai.
It was this business stature of Nandana Lokuwithana, who is steadfast on serving his motherland with the prowess he manifests, that paved the way for a world brand such as Marangoni to sharing their knowledge , knowhow and global reputation in making a reality of his brain child –RIGID Tyres.
With the laying of the foundation, the 100 acre land will transform itself into not just being Sri Lanka’s Largest fully integrated tyre plant, but it will be a mega city for the tyre industry of the world, equipped with a four storied ultra-modern research lab to advance research and development, and a plant complex that operates world’s cutting edge technology known for high performance, fuel efficiency and above all, for its environmental safety.
This embodiment of ‘a green industry’, complete with iconic architecture and residential quarters, will soon attract some of the best talent that Sri Lanka has on offer for the good of the entire country.

10 Re: SHARE YOUR THOUGHTS FOR 2017 on Wed Jan 04, 2017 9:50 pm

Yahapalanaya

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Vice President - Equity Analytics
Vice President - Equity Analytics
[size=48]MAS to boost Lankan exports with $ 28 m investment in Fabric Park in Giriulla
[/size]



0
[size]

Comments /  1739 Views / Wednesday, 4 January 2017 00:00
   [/size]



 

  • Govt. hands over former Kabool Lace plant abandoned for 12 years; MAS to replicate successful Thulhiriya Park
  • Giriulla Park will generate over 3,000 jobs, $ 65-$ 70 m export 
  • revenue in first three years
  • Prime Minister assures that GSP+ will be regained and boost apparel exports and jobs

[size][size]
By Charumini de Silva

The Government yesterday handed over the former Kabool Lace Giriulla facility, which was shut down for 12 years, to proven apparel giant MAS Holdings to boost jobs and exports.

MAS Holdings Chairman Mahesh Amalean said they expected to invest over $ 28 million in export-oriented projects in the facility, creating over 3,000 direct jobs within the first three years of operations and export revenue of around $ 65-$ 70 million.

He said that the company had already commenced refurbishment and reinstalling machinery to commence operations by next year.

Being the second-largest supplier to leading sportswear company Nike, MAS Holdings is capitalising on its opportunity to double its capacity as Nike plans to increase its revenue from $ 30 billion to $ 50 billion by 2020.

Amalean pledged that MAS Holdings would continue to be confident over Sri Lanka’s international competitiveness especially in manufacturing. 

“We believe there is a lot of potential to expand in the manufacturing sector in Sri Lanka with specific reference to exports,” he added.

The Giriulla facility will become the second privately-owned industrial park in the country following the MAS Fabric Park in Thulhiriya which houses over 8,200 employees and generates more than $ 150 million.

Given Giriulla facility’s strategic location and close proximity to the Thulhiriya and Pannala factories of MAS, Amalean emphasised that it was the ideal opportunity for their expansion plans.

He added that during the past five years MAS had increased its export revenue from $ 800 million to $ 1.6 billion for Sri Lanka. 

Prime Minister Ranil Wickremesinghe assured that Sri Lanka would receive GSP+ concessions in the near future, which would provide more opportunities for companies of this magnitude to increase employment and improve the livelihood of the general public in the area.

He said that after regaining the GSP+ facility, MAS would be able to provide around 5,000 employment opportunities in the Giriulla facility.

Noting that Bangladesh had grown its economy considerably over the past 10 years through the development of the apparel sector, the premier said Sri Lanka needed more industrial parks to facilitate private sector companies that would generate much needed foreign exchange for the country.

“Bangladesh increased its apparel export earnings from $ 5.2 billion in 2006 to $ 26.6 billion in 2016, recording a fivefold increase. However, as Sri Lanka has failed to maintain GSP+ the country’s apparel sector has lagged behind,” he noted.

The Prime Minister also said that the trade agreements with China, Singapore and India would facilitate more opportunities for export-oriented companies.

The premier emphasised that the Unity Government expected to eradicate unemployment and increase income by 2020 and therefore took steps last year to reduce the debt burden in order to establish a stable economy.

“We need to generate higher income, better education and accelerated growth in Sri Lanka,” Wickremesinghe stressed.

He added that the North Western Province will be developed as an industrial zone with sizable investments in the years to come.

The project facilitated by the Board of Investment (BOI) exemplifies a successful private-public partnership which contributes significantly to the economy of Sri Lanka.

The park will replicate the service offering and environmentally sustainable features of the MAS Fabric Park in Thulhiriya, including uninterrupted power supply, water treatment and supply, a SLAB accredited laboratory for water quality testing and engineering services.

MAS at present employees 86,000 people in 15 countries and of that 70,000 are employed in Sri Lanka in 38 manufacturing locations including 2,200 people in Kilinochchi.[/size][/size]
- See more at: http://www.ft.lk/article/589207/MAS-to-boost-Lankan-exports-with---28-m-investment-in-Fabric-Park-in-Giriulla#sthash.syl1JUHy.dpuf

11 Re: SHARE YOUR THOUGHTS FOR 2017 on Wed Jan 04, 2017 9:52 pm

Yahapalanaya

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Vice President - Equity Analytics
Vice President - Equity Analytics
[size=48]President, PM flags off work on $ 26.5m Volkswagen assembly plant in Wayamba
[/size]



1
[size]

Comments /  885 Views / Wednesday, 4 January 2017 00:00
   [/size]



Work on the much-awaited Volkswagen assembly plant in Labuyaya, Kuliyapitiya kicked off yesterday with an investment of $ 26.5 million to propel the automobile industry to an innovative era.

Held under the patronage of President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe, the facility Western Automobile Assembly once completed by 2019 would have the capacity to assemble vehicles in the 1000 cc to 2000 cc category, including passenger cars, sport utility vehicles (SUV) and multi utility vehicles (MUVs) or commercial vehicles.

Speaking at the event, Prime Minister Ranil Wickremesinghe highlighted the importance of attracting foreign direct investments (FDIs) to have an accelerated economic growth, while providing employment opportunities for youth over the next few years.

He assured that the Government would facilitate exports, industrial parks and improve the tourism sector, pointing out that the current export earnings are not adequate.

Delivering an election promise made by the Unity Government of providing employment, Wickremesinghe said they would provide 20,000 jobs by next week.

“We have been able to create over 20,000 jobs from MAS Fabric Park, Volkswagen and the Hambantota industrial park within a week,” he added. 

However, the Prime Minister said neither he nor the President is happy with that insisting on the need for an accelerated growth in all sectors of the economy.

Noting that in 2015 when they took over the Government, income to GDP was only 10%, he said now they have a better income to manage the recurrent expenditure assuring that the debt burden would not be passed on to the next generation.

He also said steps will be taken to improve the poultry industry for exports in the future.

BOI Chairman Upul Jayasuriya said the Volkswagen plant would be a major leapfrog for the country in the right direction.

Noting that the land was owned by an individual named Peter who wanted to contribute to the Base Hospital from the income generated from the property, Jayasuriya said a proportion of the revenue generated from the car factory would be remitted to build the Base Hospital in Kuliyapitiya.

The uniqueness of the project would be the inflows of German advanced automobile technology into the country while creating job opportunities for local youth. Initially, these vehicles would be marketed locally for a period of three years and thereafter the vehicles manufactured will be exported to overseas markets.

- See more at: http://www.ft.lk/article/589210/President--PM-flags-off-work-on---26-5m-Volkswagen-assembly-plant-in-Wayamba#sthash.fTgYJ4G0.dpuf

12 Re: SHARE YOUR THOUGHTS FOR 2017 on Wed Jan 04, 2017 9:56 pm

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
Do you want to know more about 2017...It is difficult to digest for some people. Smile Smile Smile

13 Re: SHARE YOUR THOUGHTS FOR 2017 on Thu Jan 05, 2017 8:22 am

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
What they're trying to do with Hambantota port looks promising, but taking complements for what private companies are doing is cheap by this govt.

MAS factory what they have set up is the 2nd one for the last two yrs. During 2000-2014 MAS has constructed 72 factories in Sri Lanka, Malaysia and in Indonesia (64 factories in srilanka alone). Even Mahinda or Chandrika didn't take credit for what MAS did. It's due to Amaleen entrepreneurship that these jobs are created.

@Yahapalanaya u talk about country is about to take off but they're so much confusion in the Financial market.
http://www.ft.lk/article/589477/Business-confidence-slumps-to-41-month-low

this is the common opinion around the state. If ure a person who's working in the financial company like i'm u'll know no one has fate in RAVI as the FM. That's why most of the financial big guys talk with Ranil or CB governor directly other than talking to RAVI cause its pointless. For some reason even after over whelming support to remove RAVI as FM, but PM is still not doing it.

For me i like to see Sole UNP govt in power so we can see what UNP can do(Minus RAVI). President is playing double game to save his party leadership and keep face with UNP. Due to that reason this govt is unable to take off with the economic plans they have.

14 Re: SHARE YOUR THOUGHTS FOR 2017 on Thu Jan 05, 2017 9:19 am

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
@jayathu wrote:What they're trying to do with Hambantota port looks promising, but taking complements for what private companies are doing is cheap by this govt.

MAS factory what they have set up is the 2nd one for the last two yrs. During 2000-2014 MAS has constructed 72 factories in Sri Lanka, Malaysia and in Indonesia (64 factories in srilanka alone). Even Mahinda or Chandrika didn't take credit for what MAS did. It's due to Amaleen entrepreneurship that these jobs are created.

@Yahapalanaya u talk about country is about to take off but they're so much confusion in the Financial market.
http://www.ft.lk/article/589477/Business-confidence-slumps-to-41-month-low

this is the common opinion around the state. If ure a person who's working in the financial company like i'm u'll know no one has fate in RAVI as the FM. That's why most of the financial big guys talk with Ranil or CB governor directly other than talking to RAVI cause its pointless. For some reason even after over whelming support to remove RAVI as FM, but PM is still not doing it.

For me i like to see Sole UNP govt in power so we can see what UNP can do(Minus RAVI). President is playing double game to save his party leadership and keep face with UNP. Due to that reason this govt is unable to take off with the economic plans they have.
I am also not a fan of Ravi's action related to economy.But hope MS would checkmate current goverment's mistakes/corruptions such as refusa to reappointment of Arjun Mahendran,changes in budget proposals,etc

15 Re: SHARE YOUR THOUGHTS FOR 2017 on Thu Jan 05, 2017 11:38 am

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Past two years acts of govt clearly indicate Finance minister is really inefficient

Some of problems are created by him

16 Re: SHARE YOUR THOUGHTS FOR 2017 on Thu Jan 05, 2017 11:49 am

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
1970s we had state owned Tire, Steel, Shipping, Plywood, Textile Corporations running with high employment levels & profits. Dirty politics ate them all.
New efforts taken for industrial development are appreciable either in state, private or joint ownership. When good things are done doubtlessly citizens should salute government.
Tire industry will require to develop subdued rubber industry which would be the basic raw material. Similarly all other industries are related each other directly or indirectly which create more activities in the country. 

Well, government should show the real actions in form of output generating employment, social benefits, revenue etc..which really touching the people.

17 Re: SHARE YOUR THOUGHTS FOR 2017 on Thu Jan 05, 2017 12:12 pm

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@D.G.Dayaratne wrote:Past two years acts of govt clearly indicate  Finance minister is really inefficient

Some of problems are created by him

Even I think R.K (FM) must go and have to appoint a capable one as FM, then only this market attitude will change. cherry cherry

18 Re: SHARE YOUR THOUGHTS FOR 2017 on Thu Jan 05, 2017 1:19 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I feel not only FM.. most ministers & deputies are not capable of performing the assigned tasks. Voters are to be blamed to choose just emptied chatters.
In real term, chattering class is educated people with liberal opinions & attitudes.

19 Re: SHARE YOUR THOUGHTS FOR 2017 on Thu Jan 05, 2017 2:35 pm

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Saddest thing is even the PM behaves like a joker in the Parliament. So, what can we expect from the others.

20 Re: SHARE YOUR THOUGHTS FOR 2017 on Thu Jan 05, 2017 7:37 pm

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
There is a difference between good stage speakers and silent action people.Unfortunately at current election system first category(empty vessels) get top preference votes and dictate government.Post election system is good in this sense.

21 Re: SHARE YOUR THOUGHTS FOR 2017 on Thu Jan 05, 2017 9:40 pm

PrasannaMani

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@worthiness wrote:I feel not only FM.. most ministers & deputies are not capable of performing the assigned tasks. Voters are to be blamed to choose just emptied chatters.
In real term, chattering class is educated people with liberal opinions & attitudes.
Absolutely

22 Re: SHARE YOUR THOUGHTS FOR 2017 on Thu Jan 05, 2017 10:24 pm

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
@PrasannaMani wrote:
@worthiness wrote:I feel not only FM.. most ministers & deputies are not capable of performing the assigned tasks. Voters are to be blamed to choose just emptied chatters.
In real term, chattering class is educated people with liberal opinions & attitudes.
Absolutely
Yes Kunjamani bring back Alibaba.

23 Re: SHARE YOUR THOUGHTS FOR 2017 on Fri Jan 06, 2017 7:07 am

soileconomy

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
@samaritan wrote:Saddest thing is even the PM behaves like a joker in the Parliament. So, what can we expect from the others.
Yes.He should be named as the greatest joker in SL politics.

24 Re: SHARE YOUR THOUGHTS FOR 2017 on Fri Jan 06, 2017 9:20 am

PrasannaMani

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@Yahapalanaya wrote:
@PrasannaMani wrote:
@worthiness wrote:I feel not only FM.. most ministers & deputies are not capable of performing the assigned tasks. Voters are to be blamed to choose just emptied chatters.
In real term, chattering class is educated people with liberal opinions & attitudes.
Absolutely
Yes Kunjamani bring back Alibaba.

Enlarge this image

25 Re: SHARE YOUR THOUGHTS FOR 2017 on Fri Jan 06, 2017 10:18 am

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
@PrasannaMani wrote:
@Yahapalanaya wrote:
@PrasannaMani wrote:
@worthiness wrote:I feel not only FM.. most ministers & deputies are not capable of performing the assigned tasks. Voters are to be blamed to choose just emptied chatters.
In real term, chattering class is educated people with liberal opinions & attitudes.
Absolutely
Yes Kunjamani bring back Alibaba.

Enlarge this image
Study about PPP concept.That is not like family/gang robing national resources.Grow up man!!!

26 Re: SHARE YOUR THOUGHTS FOR 2017 on Fri Jan 06, 2017 10:25 am

PrasannaMani

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@Yahapalanaya wrote:
@PrasannaMani wrote:
@Yahapalanaya wrote:
@PrasannaMani wrote:
@worthiness wrote:I feel not only FM.. most ministers & deputies are not capable of performing the assigned tasks. Voters are to be blamed to choose just emptied chatters.
In real term, chattering class is educated people with liberal opinions & attitudes.
Absolutely
Yes Kunjamani bring back Alibaba.

Enlarge this image
Study about PPP concept.That is not like family/gang robing national resources.Grow up man!!!
[size=32]No Volkswagen plant in SL: PM[/size]
2017-01-05 23:38:28
 16
 6357

     


Prime Minister Ranil Wickremesinghe said yesterday that the Volkswagen Company had not invested in the Kuliyapitiya vehicle assembly plant.
He was referring to a news item carried by a TV channel quoting the investor in Kuliyapitiya that Volkswagen had no stake in the assembly plant.
"If this channel inquired from me I would have revealed the truth. One must not contaminate his or her mind just because he or she has a grudge against me," he said, speaking at the opening of Kalu Ganga Water Project in Horana last evening.
He said the government had decided not to allow Volkswagen to invest in Sri Lanka as the company had an issue.
However, he said Volkswagen would be one of the brands of vehicles which would be assembled at the Kuliyapitiya plant. (Yohan Perera)
- See more at: http://www.dailymirror.lk/article/No-Volkswagen-plant-in-SL-PM-121758.html#sthash.hdm2kXF9.dpuf

27 Re: SHARE YOUR THOUGHTS FOR 2017 on Fri Jan 06, 2017 4:17 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Impartial thinking will be fruitful in discussion. Without doubt If MR+RW achieve successfully certain events promised two years before we bow the head as sign of reverence.

28 Re: SHARE YOUR THOUGHTS FOR 2017 on Fri Jan 06, 2017 8:07 pm

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics

[size=44][size=24]Sri Lanka is to receive GSP + concession next week – President

[/size][/size]


[size=14][size=14]President Maithripala Sirisena says he has received information that Sri Lanka will receive the GSP + trade concession next week, marking a significant turning point in the industry and export fields of the country.

He made these remarks participating in a ceremony to open the newly built bridge in Halloluwa, Dodanwala, Kandy, today (07). 
The President further said that during the last two years the present government was able to build friendship with all the countries in the world, eliminating many hindrances which halted the forward drive of the country. 
He also said that when we talk about our development works with a great pride, we also should pay our attention regarding the severe debt burden on the country and said that his government is not ready in any way to launch mega-scale development projects obtaining loans, aiming popularity while ruining the future of the country. “We should take into the consideration about the tragedies faced by various countries in the world due to their severe debt burden,” the President added.   
Expressing his views regarding the false propaganda carried out by some sections of the society regarding the Hambantota Port and the industrial zone, the President said that he is not ready to give the land rights of this country to any country in the world.
The President further stated though new industries and investments are needed for the country, the lands for them will be given according to the laws and regulations of the constitution of Sri Lanka. Though some groups say that the people are removed from their villages and destroy the temples of historical values, the government has never let any improper action like that.
“Our agreements with the countries, businessmen, investors and international organizations are very open. The current government is honestly committed to the development of the country”, the President said.
“Though some groups issue statements saying that the governments will be changed, nobody can’t put down the current government. Nobody has any space to change the government before a government will be elected in an election which will be held in 2020”, he emphasized.
The bridge which has been built as a solution for the traffic in the Kandy Town is 105 meters long. This has been built at a cost of Rs. 374 millions.
Asgiri Maha Nayaka Most Ven. Varakagoda Sri Gnanarathne Thero, Ministers Lakshman Kiriella and Abdul Haleem, Chief Minister of the Central Province Sarath Ekanayake and the British High Commissioner with foreign representatives participated in this occasion.





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29 Re: SHARE YOUR THOUGHTS FOR 2017 on Sat Jan 07, 2017 10:07 am

PrasannaMani

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@Yahapalanaya wrote:
[size=44]Sri Lanka is to receive GSP + concession next week – President

[/size]


President Maithripala Sirisena says he has received information that Sri Lanka will receive the GSP + trade concession next week, marking a significant turning point in the industry and export fields of the country.
He made these remarks participating in a ceremony to open the newly built bridge in Halloluwa, Dodanwala, Kandy, today (07). 
The President further said that during the last two years the present government was able to build friendship with all the countries in the world, eliminating many hindrances which halted the forward drive of the country. 
He also said that when we talk about our development works with a great pride, we also should pay our attention regarding the severe debt burden on the country and said that his government is not ready in any way to launch mega-scale development projects obtaining loans, aiming popularity while ruining the future of the country. “We should take into the consideration about the tragedies faced by various countries in the world due to their severe debt burden,” the President added.   
Expressing his views regarding the false propaganda carried out by some sections of the society regarding the Hambantota Port and the industrial zone, the President said that he is not ready to give the land rights of this country to any country in the world.
The President further stated though new industries and investments are needed for the country, the lands for them will be given according to the laws and regulations of the constitution of Sri Lanka. Though some groups say that the people are removed from their villages and destroy the temples of historical values, the government has never let any improper action like that.
“Our agreements with the countries, businessmen, investors and international organizations are very open. The current government is honestly committed to the development of the country”, the President said.
“Though some groups issue statements saying that the governments will be changed, nobody can’t put down the current government. Nobody has any space to change the government before a government will be elected in an election which will be held in 2020”, he emphasized.
The bridge which has been built as a solution for the traffic in the Kandy Town is 105 meters long. This has been built at a cost of Rs. 374 millions.
Asgiri Maha Nayaka Most Ven. Varakagoda Sri Gnanarathne Thero, Ministers Lakshman Kiriella and Abdul Haleem, Chief Minister of the Central Province Sarath Ekanayake and the British High Commissioner with foreign representatives participated in this occasion.





Below was the latest  From EU 02/11/2016..Pls no more Jokes Like Volkswagen..Haiti.....

[size=18]HOMENEWSEU SETS CONDITIONS RE PTA, HR & DEVOLUTION FOR SRI LANKA TO REGAIN GSP PLUS PRIVILAGE[/size]



[size=30]EU SETS CONDITIONS RE PTA, HR & DEVOLUTION FOR SRI LANKA TO REGAIN GSP PLUS PRIVILAGE

02/11/2016 BY SRI LANKA BRIEF
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  • [url=https://www.facebook.com/share.php?u= http%3A%2F%2Fsrilankabrief.org%2F2016%2F11%2Feu-sets-conditions-re-pta-hr-devolution-for-sri-lanka-to-regain-gsp-plus-privilage%2F][/url]





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Image: From left: European Delegation in Sri Lanka and Maldives Political, Trade and Communications Counsellor Paul Godfrey, EU Ambassador to Sri Lanka and Maldives Tung-Lai Margue, European Parliament Member Jean Lambert and European Delegation Administrator Kristin Arp Pic by Pradeep Pathirana By Chandeepa Wettasinghe.
The leader of a delegation from the European Parliament urged Sri Lanka to improve human rights conditions, including the replacement of its tough anti-terrorism law, if it wants to regain lucrative EU trade concessions which the island nation lost six years ago, reports Fox News .
Meanwhile Colomo based Daily News reports that EU delegation saying that “the progress so far has been positive, but that much more needs to be achieved, especially related to the office of the missing persons, devolving powers to provinces, child marriage laws, gender equality, etc”
Jean Lambert has aid that  “the success of Sri Lanka’s application to get back the trade concessions depends on meeting the human rights requirements set by the EU.
She has emphasized that  Sri Lanka needs to replace its Prevention of Terrorism Act and amend its Code of Criminal Procedure to ensure the rights of detainees.
Lambert was heading a four-member inspection team to evaluate the human rights situation.
Fox news
Sri Lanka could enjoy the GSP Plus facility till 2023.
Sri Lanka could enjoy the preferential tariff regime of General System of Preferences Plus (GSP Plus) facility with the European Union until as late as 2023, according to the sentiments expressed by the European Delegation in Sri Lanka.
GSP Plus is only awarded to countries in the low and lower-middle income categories as classified by the World Bank, and an upgrade to an upper middle income country makes it ineligible for the GSP Plus facility, according to EU Regulation 978/2012. “We’re expecting Sri Lanka to reach that (upper middle income) by 2019,” Political, Trade and Communications Counsellor, European Delegation in Sri Lanka and Maldives, Paul Godfrey, told Mirror Business.
He also noted that Sri Lanka will have to remain in the upper middle income segment for 3 years, plus another year where the EU will observe the situation, before the country becomes ineligible for GSP Plus. According to the Central Bank, Sri Lanka’s current per capita gross national income is US$ 3836, and the threshold for 2016 to be classified as an upper middle income country was US$ 4036. The World Bank is expecting Sri Lanka to grow at 4.8 percent this year, and just over 5 percent next year. “But the threshold also goes up each year,” Godfrey said. However, the threshold also declines, as it had in 2016, and the threshold saw a continuous decline over several years in the early 2000s.
Meanwhile, in response to a question whether Sri Lanka could compete with countries who can afford to produce goods cheaper, and have made inroads with their access to GSP Plus for the past 6 years, Godfrey noted that Sri Lanka depending on its leading export again would not be a good idea. “Going back to the EU with just apparel would be a mistake. Sri Lanka has to diversify. Now,” he said. The Sri Lankan government is expecting windfall of US$ 1.9 billion annually with the resumption of GSP Plus, mainly through apparel exports.
Sri Lanka could expect a decision on whether it is reinstated with GSP Plus privileges between January 13 and May 12, depending on how long the EU parliament decides to debate and put the issue to a vote. The EU delegation currently in the country was very diplomatic in providing answers, saying that the progress so far has been positive, but that much more needs to be achieved, especially related to the office of the missing persons, devolving powers to provinces, child marriage laws, gender equality, etc. “
A number of things are moving here in a positive direction, but it’s only the beginning of change. There needs to be a continuation and a deepening of what we have seen,” European Parliament Member Jean Lambert said.
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30 Re: SHARE YOUR THOUGHTS FOR 2017 on Sat Jan 07, 2017 11:26 am

PrasannaMani

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@Yahapalanaya wrote:
[size=44]Sri Lanka is to receive GSP + concession next week – President

[/size]


President Maithripala Sirisena says he has received information that Sri Lanka will receive the GSP + trade concession next week, marking a significant turning point in the industry and export fields of the country.
He made these remarks participating in a ceremony to open the newly built bridge in Halloluwa, Dodanwala, Kandy, today (07). 
The President further said that during the last two years the present government was able to build friendship with all the countries in the world, eliminating many hindrances which halted the forward drive of the country. 
He also said that when we talk about our development works with a great pride, we also should pay our attention regarding the severe debt burden on the country and said that his government is not ready in any way to launch mega-scale development projects obtaining loans, aiming popularity while ruining the future of the country. “We should take into the consideration about the tragedies faced by various countries in the world due to their severe debt burden,” the President added.   
Expressing his views regarding the false propaganda carried out by some sections of the society regarding the Hambantota Port and the industrial zone, the President said that he is not ready to give the land rights of this country to any country in the world.
The President further stated though new industries and investments are needed for the country, the lands for them will be given according to the laws and regulations of the constitution of Sri Lanka. Though some groups say that the people are removed from their villages and destroy the temples of historical values, the government has never let any improper action like that.
“Our agreements with the countries, businessmen, investors and international organizations are very open. The current government is honestly committed to the development of the country”, the President said.
“Though some groups issue statements saying that the governments will be changed, nobody can’t put down the current government. Nobody has any space to change the government before a government will be elected in an election which will be held in 2020”, he emphasized.
The bridge which has been built as a solution for the traffic in the Kandy Town is 105 meters long. This has been built at a cost of Rs. 374 millions.
Asgiri Maha Nayaka Most Ven. Varakagoda Sri Gnanarathne Thero, Ministers Lakshman Kiriella and Abdul Haleem, Chief Minister of the Central Province Sarath Ekanayake and the British High Commissioner with foreign representatives participated in this occasion.





31 Re: SHARE YOUR THOUGHTS FOR 2017 on Sat Jan 07, 2017 5:09 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Speaking frankly & not biasing to any side, it seems that people enjoy a formal declaration of objection independently or backed by others freely comparing to previous regime. Recalling the back we should not be forgotten how protested groups were heavily victimized.

32 Re: SHARE YOUR THOUGHTS FOR 2017 on Sat Jan 07, 2017 9:22 pm

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
China expects to invest US$ 5 billion in Hambantota industrial zone
January 7, 2017  02:14 pm
           



- By Yusuf Ariff
China expects to invest US$ 5 billion in the Hambantota industrial zone in the next 3-5 years, creating 100,000 jobs in the country, Chinese Ambassador to Sri Lanka Yi Xianliang said.
He was speaking during the opening ceremony for the industrial zone near the port city of Hambantota on Saturday (7).
The government has signed a framework agreement for a 99-year lease of the Hambantota port with a company in which China will have 80-percent ownership. Officials also plan to set up the nearby industrial zone where Chinese companies will be invited to set up factories. 
We remember the assistance from Sri Lankan people and the government so that’s why any force negative or some other cannot stop the cooperation between China and Sri Lanka, assistance from China to Sri Lanka, he said.
“Of course no force can stop the friendship between our two countries and the two peoples.” 
He stated that Sri Lanka is a most friendly country for China and that is why the island nation is a “priority” for the Chinese investments. Whatever the changes or the government, the ambassador said he believes the Sri Lankan people and the Sri Lankan government will welcome the Chinese investment. 
“I do believe this zone will be the most important economic activity for this government, for this country particularly for the Hambantota people.” 
“In the next 3-5 years, if everything is okay, I do believe at least 5 billion dollars is to be invested in this zone. Those projects can create at least 100,000 jobs in Sri Lanka,” Mr Xianliang sai

- See more at: http://www.adaderana.lk/news/38533/china-expects-to-invest-us-5-billion-in-hambantota-industrial-zone#sthash.IHVsrUWd.dpuf

33 Re: SHARE YOUR THOUGHTS FOR 2017 on Sat Jan 07, 2017 9:26 pm

Teller

avatar
Moderator
The important question is Who should be next to elect?

34 Re: SHARE YOUR THOUGHTS FOR 2017 on Sat Jan 07, 2017 9:29 pm

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
[size=32]China to invest US$ 5 billion in Sri Lanka: Ranil[/size]
2017-01-07 15:09:09
 6
 3110

     


China would invest US$ 5 billion in Sri Lanka within the next two to three years, Prime Minister Ranil Wickremesinge said today.
Speaking during the opening of the Southern Industrial Development Zone in Hambantota , Mr. Wickremesinge said it would boost employment opportunities and would enhance the life style of the people.
“I would like to thank the Chinese Ambassador for confirming this investment" he said.
Chinese Ambassador Yi Xianliang, who confirmed this, said Chinese investors would always give priority to Sri Lanka.
He said China-Sri Lanka bilateral relations were a role model for all bilateral relations in the world. (Yohan Perera)

- See more at: http://www.dailymirror.lk/article/China-to-invest-US-billion-in-Sri-Lanka-Ranil-121838.html#sthash.9DffCmYG.dpuf

35 Re: SHARE YOUR THOUGHTS FOR 2017 on Sat Jan 07, 2017 9:39 pm

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
Work on BIA runway begins after 30 years



Saturday, January 7, 2017 - 01:00

Print Edition
Irangika Range

Transport and Civil Aviation Minister Nimal Siripala de Silva inaugurating work on the runway overlay at the BIA yesterday.
[size]
Work on the runway overlay at the Bandaranaike International Airport (BIA), Katunayake began yesterday after a lapse of 30 years.
The main runway at the BIA will be closed for renovation for three months from January 6 to April 5 for eight hours each day, from 8.30 am to 4.30 pm. During the closure, the runway will be overlaid to improve surface condition and friction levels. This would be the first time such an overlay project is being carried out since the commissioning of the runway in 1986. The closure period was decided in consultation with the airport users with special emphasis on weather trends and civil engineering needs.
The daily closure time of eight hours during the three months has been decided taking into consideration minimising congestion to minimise any adverse impact on both airlines and airport users.
Currently,there are around 175 aircraft movements per day and most of the commercial flights have rescheduled their operations during this period.
Transport and Civil Aviation Minister Nimal Siripala de Silva said the airport authorities have taken all possible measures to minimise the impact of the closure on airport users. Security of passengers and aircraft will not be compromised in anyway during this period, but efficiency will be improved overall,” he added. De Silva further said that passengers should turn up at the Bandaranaike International Airport at least five hours before their flights to minimise congestion, caused by the closure of the airport.
“A special traffic plan will be implemented by Police within and around the airport. Drivers are advised to park their vehicles only in the vehicle parks. The respective airlines will update their passengers on any revision to their flight schedules. Sri Lankan passengers who are departing for foreign employment are requested to obtain registration from the Sri Lanka Bureau of Foreign Employment (SLBFE) head office or from islandwide SLBFE branches prior to arriving at the BIA,” the minister added. The minister said the estimated cost of the renovation project of the runway is nearly US$ 48 million which is being undertaken by the Kathik Company in China.
“I am extremely please that we could start this project during my tenure as the Transport and Civil Aviation Minister. If we continued to use the same runway without going for renovations, international recognition for the BIA would have suffered. That is why we decided to expedite this project. We will also start work on second terminal building from April. This will enable the BIA to accommodate 20 million passengers per day.We are also discussing with international airlines to bring down more airlines to the Mattala international airport,” the minister said.
“Therefore, this will be a massive boost for the country’s tourism industry,” he added. 
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36 Re: SHARE YOUR THOUGHTS FOR 2017 on Sat Jan 07, 2017 10:21 pm

Yahapalanaya

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Vice President - Equity Analytics
Vice President - Equity Analytics
[size=48]Prime Minister opens $50 m gloves export factory in Koggala
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0
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Comments /  866 Views / Saturday, 7 January 2017 00:02
 0  0[/size]



ATG Hand Care Managing Director Fasal Ahabdeen shows a glove manufactured at the new plant of the Company at the Koggala Free Trade Zone to Prime Minister Ranil Wickremesinghe following its inauguration by the latter - Pic by Pradeep Pathirana
 
 
Prime Minister Ranil Wickremesinghe yesterday opened a state-of-the-art factory producing gloves for export at the Koggala Free Trade Zone.

The factory, ATG Hand Care Ltd., is a $50 million investment that provides 7,000 jobs directly and 10,000 indirectly. ATG Hand Care is a joint venture of ATG Ltd and British investor John Ward Ceylon. Incidentally, Wickremesinghe opened the Koggala Free Trade Zone in June 1991 as the then Minister of Industrial Development. This factory is the last project of the Zone.

- See more at: http://www.ft.lk/article/590016/Prime-Minister-opens--50-m-gloves-export-factory-in-Koggala#sthash.wbHpktTM.dpuf

37 Re: SHARE YOUR THOUGHTS FOR 2017 on Sun Jan 08, 2017 5:36 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Latest scandalous behavior of rulers giving an offence to moral sensibilities & injurious to reputation are-
a) Volkswagen plant at Kuliyapitiya 
b) Chinese trade zone in Hambantota 

For peaceful existence the only solution is to disclose the truth behind those deals without delay.

38 Re: SHARE YOUR THOUGHTS FOR 2017 on Sun Jan 08, 2017 6:29 pm

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@worthiness wrote:Latest scandalous behavior of rulers giving an offence to moral sensibilities & injurious to reputation are-
a) Volkswagen plant at Kuliyapitiya 
b) Chinese trade zone in Hambantota 

For peaceful existence the only solution is to disclose the truth behind those deals without delay.
This Govt let the CSE investors to bleed, in the same way now they are letting the people to bleed. This being an equity forum my comment is very relevant. Do they realize that every economy needs a vibrant capital market for growth and furthermore do they know that the stock market performance helps predict the future economy. If that is so, the performance of past two years confirms that the nation's economy is heading towards disaster under this differently able led Govt.

39 Re: SHARE YOUR THOUGHTS FOR 2017 on Sun Jan 08, 2017 7:01 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
We all share never ceasing truth & false with foiled attempt to learn its realities as some are deliberately deceptive.

40 Re: SHARE YOUR THOUGHTS FOR 2017 on Sun Jan 08, 2017 7:47 pm

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Yahapalanaya wrote:


President Maithripala Sirisena says he has received information that Sri Lanka will receive the GSP + trade concession next week, marking a significant turning point in the industry and export fields of the country.
He made these remarks participating in a ceremony to open the newly built bridge in Halloluwa, Dodanwala, Kandy, today (07). 
The President further said that during the last two years the present government was able to build friendship with all the countries in the world, eliminating many hindrances which halted the forward drive of the country. 
He also said that when we talk about our development works with a great pride, we also should pay our attention regarding the severe debt burden on the country and said that his government is not ready in any way to launch mega-scale development projects obtaining loans, aiming popularity while ruining the future of the country. “We should take into the consideration about the tragedies faced by various countries in the world due to their severe debt burden,” the President added.   
Expressing his views regarding the false propaganda carried out by some sections of the society regarding the Hambantota Port and the industrial zone, the President said that he is not ready to give the land rights of this country to any country in the world.
The President further stated though new industries and investments are needed for the country, the lands for them will be given according to the laws and regulations of the constitution of Sri Lanka. Though some groups say that the people are removed from their villages and destroy the temples of historical values, the government has never let any improper action like that.
“Our agreements with the countries, businessmen, investors and international organizations are very open. The current government is honestly committed to the development of the country”, the President said.
“Though some groups issue statements saying that the governments will be changed, nobody can’t put down the current government. Nobody has any space to change the government before a government will be elected in an election which will be held in 2020”, he emphasized.
The bridge which has been built as a solution for the traffic in the Kandy Town is 105 meters long. This has been built at a cost of Rs. 374 millions.
Asgiri Maha Nayaka Most Ven. Varakagoda Sri Gnanarathne Thero, Ministers Lakshman Kiriella and Abdul Haleem, Chief Minister of the Central Province Sarath Ekanayake and the British High Commissioner with foreign representatives participated in this occasion.







වෙනස

එදා මහා ගංගා හරහා ඉදිවූ දැවැන්ත  පාලම්  රාශියකින් හා හරස් පාර සමූහයකින් යුතු   මීටර් 130,000 දිග හයිවේ විවෘත කරන්න රටේ ජනාධිපති එනව​.

මෙදා යන්තම් මීටර් 105 ක් දිග යකඩ පූට්ටු පාලමක් හදල ඒක විවෘත කරන්න රටේ ජනධිපති එනව​. මහ උත්සවයකුත් තියනව​.


ඔන්න පුතේ වෙනස​.
කමක් නෑ . නිකං ඉන්න මට අහල ගියත් සනීපයි කියනව නෙ.

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