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
Poll

SLEF Market Sentiment Indicator

73% 73% [ 1130 ]
27% 27% [ 416 ]

Total Votes : 1546

Responsible Care



Latest topics
» HATS OFF TO QUIBIT
by Miss-Sangeetha Today at 2:01 pm

» Can We Expect another RED day as last monday
by summa Today at 2:01 pm

» Sell your shares..market can be dropped
by anjelo Today at 1:29 pm

» Top 10 Index Contributors since 27-Mar-2017
by niru Today at 12:53 pm

» SAITM IPO coming next ?
by reyaz Today at 12:23 pm

» on your mark, get set, go
by kcrRanz Today at 11:32 am

» EU Meeting on GSP+
by plsp1 Today at 8:39 am

» Indian builders plan to import cement from Sri Lanka
by sureshot Today at 7:05 am

» ASI Chart 21.04.2017
by Teller Today at 2:21 am

» JIO like Price War in Sri Lanka
by Teller Today at 2:08 am

» Sri Lanka: Net foreign inflow into Sri Lankan equities top Rs. 7.71 billion year to date
by Teller Today at 2:02 am

» ASI UP 500p...........
by Investor1994 Yesterday at 8:43 pm

» DO LOCALS ENTER AFTER MARKET CORRECTION
by worthiness Yesterday at 11:20 am

» Cover Picture need to change
by sureshot Sat Apr 22, 2017 9:41 pm

» BLI's wife - BFN
by Maharaja Sat Apr 22, 2017 7:53 pm

» AFSL update...
by Investor1994 Fri Apr 21, 2017 9:25 pm

» Softlogic Holdings Group boosts revenue to Rs.40.0 bn
by Investor1994 Fri Apr 21, 2017 9:09 pm

» Shares VS Fixed Desposit
by Investor1994 Fri Apr 21, 2017 9:04 pm

» SRI LANKA FINANCE SECTOR - HOLD - Mar 2017 - FC Research
by stockback Fri Apr 21, 2017 8:20 pm

» CFIN Clarification
by ShaneMc Fri Apr 21, 2017 7:31 pm

» Where's all our financial experts
by Teller Fri Apr 21, 2017 6:39 pm

» HVA ponna manipulation
by Steve Jansen Fri Apr 21, 2017 3:36 pm

» BFN - BUY Signal !!!!!!!!!!!!!!!!!!!
by Lucky Gamage Fri Apr 21, 2017 12:52 pm

» LOLC STARTED IT`S JOURNEY KEEP AN EYE ON LOFC
by Eugine Fernando Fri Apr 21, 2017 11:17 am

» MANGALA FINANCE!!!!
by samaritan Fri Apr 21, 2017 8:49 am

» ARPICO INSURANCE - BUY
by sureshot Fri Apr 21, 2017 6:29 am

» LANKA CEMENT..... WELCOME NEW CHAIRMAN
by sureshot Fri Apr 21, 2017 6:23 am

» With cash & scrib dividend SDB why not moving?
by hanuma Thu Apr 20, 2017 7:37 pm

» password request
by antony thomaspulle Thu Apr 20, 2017 7:14 pm

» VFIN target price -- Rs 80.00 within 2 months
by venura Thu Apr 20, 2017 1:48 pm

» PINS_ next target _Rs.21
by Teller Thu Apr 20, 2017 1:32 pm

» CCS next gem
by sikka89 Thu Apr 20, 2017 11:01 am

» EMER hot with GSP
by Vacations To Sri Lanka Thu Apr 20, 2017 10:16 am

» WATA next target
by dow Thu Apr 20, 2017 10:16 am

» UBC PRICE INCREASING
by MarketWch Thu Apr 20, 2017 10:07 am

» Calculation of GDP growth
by worthiness Thu Apr 20, 2017 9:09 am

» ආර්ථිකය අඩපන කරන පැරණි හොල්මන් තවමත්
by gayanath1983 Thu Apr 20, 2017 8:35 am

» Top Ten Today (TTT)
by sameboy Thu Apr 20, 2017 7:28 am

» HORTON SQUARE
by Yahapalanaya Thu Apr 20, 2017 4:24 am

» Direct FN - any brokers
by Teller Thu Apr 20, 2017 2:36 am

» Should admins BAN unwanted people like KARUNA?
by prabath Wed Apr 19, 2017 8:48 pm

» MGT.N 20+ GSP++ BOOM BOOM
by amilaela Wed Apr 19, 2017 6:42 pm

» Where is Teller?
by Teller Wed Apr 19, 2017 5:59 pm

» ALUM ALUF Billion Dollar CONTRACT APPROVED....
by Teller Wed Apr 19, 2017 5:53 pm

» HSIG may be a valueble share
by Teller Wed Apr 19, 2017 2:11 pm

» LOLC Group Looking good
by stockback Wed Apr 19, 2017 12:31 pm

» Proposed amendments to CSE Listing Rules open for public comment
by Eugine Fernando Wed Apr 19, 2017 8:59 am

» Browns Investment PLC (BIL) --- Why 370 mn shares brought by Ishara Nanayakkara
by MoneyLover Tue Apr 18, 2017 8:21 pm

» අයර්ලන්තයේ සිගාර් කම්හලක් ලංකාවට
by Vacations To Sri Lanka Tue Apr 18, 2017 8:00 pm

» CSE First day in New Year ...... Hope for the Best....
by sameboy Tue Apr 18, 2017 7:25 am

» Reasons for HHL going up
by Mahawawtta Mon Apr 17, 2017 3:27 pm

» STAF.N0000 Collecting time
by Elahara Mon Apr 17, 2017 10:01 am

» Why Stocks Move in Stock Markets
by reyaz Mon Apr 17, 2017 7:13 am

» Sri Lanka: Damro Furniture Group of Damitha Ramanayake gets into plantations, buys Agalawatte Plantations and former Arjun Aloysius family owned F L M C Plantations
by Yahapalanaya Mon Apr 17, 2017 7:04 am

» KEEP EYE ON ALUMEX TARGET PRICE 25 ...
by reyaz Mon Apr 17, 2017 6:35 am

» CHAMIL 1 ANOTHER UN PROFESSIONAL GUY IN THIS FORUM PLEASE CHECK ADMIN.......
by chamil1 Mon Apr 17, 2017 4:30 am

» ගන්න අපේ පත්තරේ - රුපියල් 20 ට ලාබයි
by TARGET Sun Apr 16, 2017 3:55 pm

» THE CSE POPS UP
by samcader Sun Apr 16, 2017 10:24 am

» Alumex Profit boost from 40% this Quarter
by asitha1952 Sun Apr 16, 2017 8:28 am

» වැටත් නියරත් ගොයම් කා නම් කාට පවසම් ඒ අමාරුව
by D.G.Dayaratne Sat Apr 15, 2017 10:09 pm

» HAPPY EASTER FOR CHRISTIAN COMMUNITY
by worthiness Sat Apr 15, 2017 8:00 pm

» Bairaha Farms PLC
by dow Sat Apr 15, 2017 4:49 pm

» Stay cautious and do not get carried away by the market movements.
by Asoka Samarakone Sat Apr 15, 2017 4:37 pm

» Sri Lanka: Queen Elizabeth 2's son Prince Charles increased Dr. Chris Nonis' Agalawatte Losses by 10%, Damro to now bear losses up to Rs.3.3 Bn owed to Banks
by Chinwi Sat Apr 15, 2017 4:12 pm

» Why Kalamazoo (KZOO) share at Rs.804.80 is overvalued and why it needs to come down to Rs.510/- per share before Rights
by Eugine Fernando Sat Apr 15, 2017 10:51 am

» LOFC.N000 Highly Under value
by stockback Fri Apr 14, 2017 9:15 pm

» Too late for entry?
by stockback Fri Apr 14, 2017 9:07 pm

» GREETINGS FOR SINHALESE & TAMIL NEW YEAR
by rmark Fri Apr 14, 2017 4:23 pm

» How is SEMB.X at .30
by man123 Thu Apr 13, 2017 10:01 pm

» Best stocks to enter at this moment...
by worthiness Thu Apr 13, 2017 8:00 pm

» MARKET MOVING UP OR SYSTEM HACKED !
by reyaz Thu Apr 13, 2017 3:46 pm

» SURGE IN STOCK MARKET
by worthiness Thu Apr 13, 2017 1:14 pm

» Future of ACME- Experts Opinion Please
by mahasona Thu Apr 13, 2017 11:10 am

» India sends IPO RFPs
by SelvaKolla Wed Apr 12, 2017 8:00 pm

» Cathay Pacific CEO to stand down after first loss since 2008
by SelvaKolla Wed Apr 12, 2017 7:33 pm

» Sri Lanka Hayleys-Vallibel One Owner Dhammika Perera to venture into Steel Business with London Steel Guru Billionaire Lakshmi Mittal, Steel Entertainment Park to come-up in Sri Lanka like ArcelorMittal Orbit in London
by SelvaKolla Wed Apr 12, 2017 7:04 pm

» Muller is it good to collect
by EquityChamp Wed Apr 12, 2017 6:36 pm

» Sri Lanka On Facebook: Who is the Next President of Sri Lanka for 2020? Some say it is Dr. Hans Wijayasuriya or Harry Jayawardena
by EquityChamp Wed Apr 12, 2017 6:26 pm

» Sri Lanka: Selling Hambantota Port to ward off impending economic crash?
by Varshaa Selvanathan Wed Apr 12, 2017 5:04 pm

» Tight fiscal and monetary policies expected to constrain Sri Lanka's growth next year
by Quibit Tue Apr 11, 2017 10:11 pm

» Laxapana Batteries - A New Begining
by kassachandimal Tue Apr 11, 2017 7:00 am

» Royal Ceramics Lanka - Diversified Tiger turned traditional manufacturing company
by EquityChamp Tue Apr 11, 2017 5:32 am

» How can we select the good shares to buy?
by EquityChamp Mon Apr 10, 2017 12:31 pm

» Sampath Bank PLC - A giant awakening
by EquityChamp Mon Apr 10, 2017 9:53 am

» TAFL A SILENT GIANT !!!!
by Learner19 Sun Apr 09, 2017 7:12 pm

» CAPITAL GAIN TAX
by hettdas Sun Apr 09, 2017 6:30 pm

» Ceylon Cold Stores - A valuable illiquid stock
by EquityChamp Sun Apr 09, 2017 9:33 am

» Mkt started moving up with the foreign inflow
by EquityChamp Sat Apr 08, 2017 11:14 pm

» Market Boom.. MGT.N going up... GSP++ coming soon.
by EquityChamp Sat Apr 08, 2017 11:11 pm

» ALUF Can Move Again soon.
by EquityChamp Sat Apr 08, 2017 11:00 pm

» Well organized manipulation to keep the market down !!!!!
by EquityChamp Sat Apr 08, 2017 10:35 pm

» To Teller and Ms Sangeetha
by EquityChamp Sat Apr 08, 2017 10:20 pm

» Ceylon Cold Stores (CCS) Next Share Split at Rs.1000/= per share
by EquityChamp Sat Apr 08, 2017 10:05 pm

» Dimo Dividend
by kapifm Fri Apr 07, 2017 9:03 pm

» කස්තාන කඩුව හරහා රුසියාව ලබා දුන් ප්‍රබල රාජ්‍යතාන්ත්‍රික පණිවුඩය කුමක් ද?
by nirowat Fri Apr 07, 2017 1:07 pm

» CFVF.N0000 & PLC.N0000 Climbing the Mountain
by hettdas Fri Apr 07, 2017 10:40 am

» Need your advice about MELS-Buy
by sunny Fri Apr 07, 2017 4:50 am

» Sri Lanka: Nivard warns economy in vulnerable position
by ranferdi Thu Apr 06, 2017 7:28 pm

» Sri Lanka: Steel Giant Melwa to build 6 Hilton Hotels, First Negombo Hilton to be the tallest Hotel in the Negombo City
by anges Thu Apr 06, 2017 7:04 pm


Sri Lanka’s Auditor General acted unprofessionally: Finance Minister

View previous topic View next topic Go down

Sri Lanka’s Auditor General acted unprofessionally: Finance Minister

Post by PrasannaMani on Fri Jan 27, 2017 7:51 am

[size=33]Sri Lanka’s Auditor General acted unprofessionally: Finance Minister[/size]
Author LBO
Posted on January 25, 2017 | Bills & Bonds, Economy, Featured, Lead Story


Jan 25, 2017 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake today accused the Auditor General of releasing a confidential report to COPE without his knowledge.
On the 19th August 2016, the Finance Minister had requested a special report from the Auditor General under section 43 (2) of the Monetary Law Act, within a period of 3 months.
The report relates to books of Central Bank on direct private placements in government securities since 2008. The volumes contain a large pool of individual information as well as details of issuances of government securities which are considered highly market sensitive.
JVP Parliamentarian Bimal Rathnayake, during the bond debate yesterday, quoted information from the report received through the COPE chairman.
Rathnayake said from 2008 onwards the Central Bank had often used private placements. He said 57 percent of the time it had proven profitable to the government.
The Finance Minister told Parliament that by sending a copy to COPE, the Auditor General has breached the information confidentiality requirement and relevant procedure.
“This examination contains findings strictly for my use for the purpose of making new polices with respect to the issuances of securities and public debt management,” Karunanayake said.
“I’m of the view that the Auditor General has breached the information confidentiality requirement and relevant procedure.”
He said the leakage of this information will adversely effect the government security market operations and interest rates in the economy and will raise the cost of borrowings.
“These are not matters that should be taken lightly and I hold everybody to take responsibility if the cost of capital goes up.”
Karunanayake further said that he has not instructed any body to receive a copy.
“Information that I have asked revealed to somebody outside without even my knowledge is something serious, unprofessional and not like the Auditor Generals that have acted in the past,” he said.
“I propose that the Attorney General has acted unprofessionally and unofficially without due care of public duties.”
avatar
PrasannaMani
Manager - Equity Analytics
Manager - Equity Analytics

Posts : 216
Equity Stars : 563
Reputation : 0
Join date : 2016-10-15
Location : Colombo 03

Back to top Go down

Re: Sri Lanka’s Auditor General acted unprofessionally: Finance Minister

Post by kalu_mahaththaya on Fri Jan 27, 2017 11:02 am

THE BANKER MAGAZENE HAD SELECTED BOC AND COMMERCIAL BANK AS LOCAL BANKS IN TOP 1000 BANKS IN THE WORLD. I WAS DELIGHTED TO SEE THAT BECAUSE WE SHOULD BE PROUD OF THAT. HOWEVER IT ALSO HAS SELECTED MR RAVI KARUNANAYAKE AS THE BEST ASIAN FINANCIAL MINISTER AND NOW I'M IN DILLEMMA TO ACCEPT BANKER MAGAZENE'S RESULTS ANY FURTHER...

kalu_mahaththaya
Equity Analytic
Equity Analytic

Posts : 43
Equity Stars : 245
Reputation : 4
Join date : 2016-11-01

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum
Top posting users this week
Teller
 
kovida
 
sureshot
 
Miss-Sangeetha
 
reyaz
 
anjelo
 
kcrRanz
 
niru
 
plsp1
 
summa
 

Who is online?
In total there are 181 users online :: 16 Registered, 1 Hidden and 164 Guests

anjelo, D.G.Dayaratne, easthetic, Eugine Fernando, hanuma, ice4083, Imti2020, kovida, Neluka Karannagoda, plsp1, reyaz, rohanc, SLFINANCEWATCH, stockback, summa, sureshot

Most users ever online was 541 on Mon Sep 19, 2011 11:29 am
Statistics
We have 19029 registered users
The newest registered user is EmoryV48

Our users have posted a total of 323281 messages in 49638 subjects
Forum Rules & Guidelines
Sri Lanka Equity Analytic
Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.